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Article

In the second quarter, Estonian economy contracted by 6.9%

Kuupäev 31.08.2020
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  3. In the second quarter, Estonian economy contracted by 6.9%
According to Statistics Estonia, in the 2nd quarter of 2020, the gross domestic product (GDP) fell by 6.9% compared to the 2nd quarter of 2019. The GDP at current prices was 6.4 billion euros.

In October, price changes related to transport and housing had the biggest impact on the consumer price index

Kuupäev 05.11.2021
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  2. In October, price changes related to transport and housing had the biggest impact on the consumer price index
According to Statistics Estonia, in October 2021, the consumer price index fell by 0.2% compared to September 2021 and rose by 7.0% compared to October 2020. Goods were 6.0% and services 8.9% more expensive than in October last year.

Producer price index continued to decrease in September

Kuupäev 21.10.2019
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  3. Producer price index continued to decrease in September
In September 2019, the producer price index of industrial output fell by 0.1% compared to August 2019 and by 1.0% compared to September 2018.

Research and development in Estonia is driven by the business sector

Kuupäev 02.12.2020
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  2. Research and development in Estonia is driven by the business sector
According to Statistics Estonia, in 2019, the expenditures on research and development (R&D) in Estonia amounted to 453 million euros, which is 24% more than in 2018. The share of R&D expenditures in the gross domestic product was 1.61%, making it the highest share in the last five years.

Electricity price increase in September brought the fastest rise of the CPI in 13 years

Kuupäev 07.10.2021
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  2. Electricity price increase in September brought the fastest rise of the CPI in 13 years
According to Statistics Estonia, in September 2021, the consumer price index changed by 1.2% compared to August 2021 and by 6.6% compared to September 2020. Goods were 4.6% and services 10.4% more expensive than in September last year.

In the second quarter, construction volume decreased by 8%

Kuupäev 26.08.2020
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  2. In the second quarter, construction volume decreased by 8%
According to Statistics Estonia, in the second quarter of 2020, the total production of Estonian construction enterprises in Estonia and abroad decreased by 8% year on year. Considering only the Estonian construction market, the construction volume decreased by 5%.

Producer price index rose by 0.7%

Kuupäev 20.01.2021
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  2. Producer price index rose by 0.7%
In December 2020, the producer price index of industrial output, which expresses changes in the producer prices of industrial goods manufactured in Estonia for the domestic market and for exports, increased by 0.7% compared to November 2020 and by 0.7% compared to December 2019.

In March, there was a boost in trade

Kuupäev 11.05.2021
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  2. In March, there was a boost in trade
According to Statistics Estonia, in March, exports of goods increased by 19% and imports by 20% year on year. The growth in foreign trade was mainly driven by trade in electrical equipment, mineral products, wood and articles of wood, and transport equipment.

General government budget is in deficit, debt doubled in a year

Kuupäev 25.03.2021
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  2. General government budget is in deficit, debt doubled in a year
According to the preliminary data of Statistics Estonia, in 2020, the Estonian general government deficit was 4.8% and the gross debt level was 18% of the gross domestic product. At the end of 2020, the general government consolidated expenditures exceeded the revenues by 1.3 billion euros.

The population of Estonia increased last year

Kuupäev 16.01.2019
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  3. The population of Estonia increased last year
According to Statistics Estonia, the preliminary estimate of the population of Estonia as at 1 January 2019 was 1,323,820, which is 4,690 persons more than at the same time a year ago.

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