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Article

Economic downturn accelerated again in the third quarter

Date 30.11.2023
Article
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  2. News
  3. Economic downturn accelerated again in the third quarter
In the third quarter of 2023, the gross domestic product (GDP) decreased by 3.9% compared with the same quarter of 2022. The GDP at current prices amounted to 9.4 billion euros.

Construction

Area
  1. Home
  2. Construction
Today, houses, offices and other buildings are constructed faster than ever before. The development of the construction sector means that buildings, bridges, stadiums and roads can be built in shorter time and more efficiently. Construction covers building construction and civil engineering works (roads, bridges, port facilities, pipelines, communication and electricity lines, sports fields, etc.), including reconstruction, expansion and demolition. Construction enterprises are primarily active in the domestic construction market. Thus, the construction sector is influenced by general economic

Estonia’s research and development intensity is average among the European Union member states

Date 08.05.2018
Article
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  2. News
  3. Estonia’s research and development intensity is average among the European Union member states
Estonia’s research and development intensity indicator was 1.28 in 2016, placing Estonia 13th in the ranking of the European Union countries. Estonia is significantly ahead of Lithuania and Latvia, but still lags far behind Finland.

Internal trade

Area
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  2. Economy
  3. Internal trade
In terms of turnover, internal trade is the largest economic activity in Estonia. It covers wholesale and retail trade as well as the repair of motor vehicles and motorcycles. Internal trade is closely connected with other activities – the goods that people buy in shops come from factories, craftsmen and farmers. The goods are carried by transport enterprises. The consumption of products made in Estonia supports local business and also means that the goods are delivered to consumers in the most cost-effective way. Statistics Estonia publishes the following statistics about trade enterprises

Industry

Area
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  2. Economy
  3. Industry
Industry is the largest sector of the Estonian economy and an important driver of economic growth. Industrial enterprises create many jobs and provide opportunities for enterprises in other sectors as well. Industry includes the mining and processing of natural resources; energy production and the manufacture of equipment, machinery and products; the processing of agricultural products; the processing of manufactured products. Statistics Estonia collects and publishes economic indicators for three industrial activities – mining, energy production and manufacturing. The mining industry includes

Number of economic units up last year

Date 23.05.2018
Article
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  3. Number of economic units up last year
In 2017, there were approximately 158,000 economically active units. 3,000 units were added, which is as many as in 2016. Considering legal form, the picture looks different – growth in the number of companies picked up and the number of non-profit associations decreased for the first time.

Research and development in Estonia is driven by the business sector

Date 02.12.2020
Article
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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.

The growth in business sector is slowing down

Date 06.12.2011
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  3. The growth in business sector is slowing down
According to Statistics Estonia, in the 3rd quarter of 2011, the net sales, costs and total profit of the business sector increased compared to the previous quarter as well as to the same quarter of the previous year. At the same time the continually improving comparison basis turns the growth rate slower.

In 2018, the average monthly gross wages and salaries were 1,310 euros

Date 01.03.2019
Article
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  2. News
  3. In 2018, the average monthly gross wages and salaries were 1,310 euros
According to Statistics Estonia, in 2018, the average monthly gross wages and salaries of enterprises, institutions and organisations were 1,310 euros, having increased by 7.3% compared to 2017. The average monthly gross wages and salaries increased in all economic activities, being the highest in the 2nd and 4th quarters.

Expenditure on research and development decreased last year

Date 01.12.2017
Article
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  3. Expenditure on research and development decreased last year
According to Statistics Estonia, in 2016, the expenditure on research and development (R&D) in Estonia amounted to 270.3 million euros, which is 11% less than in 2015.

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