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One in five e-residents register a business in Estonia

Date 03.11.2020
Article
Since 2014, 73,400 foreign citizens have become e-residents of Estonia. 20% of these e-residents have participated in founding a business and over 14,200 businesses have been registered in Estonia with their participation. We looked into where e-residents come from and what are the activities of their Estonian enterprises.

Construction volume surpassed the pre-pandemic level

Date 25.11.2021
Article
According to Statistics Estonia, in the third quarter of 2021, the total production value of Estonian construction enterprises in Estonia and abroad increased by 15% year on year. Considering only the Estonian construction market, the growth in construction volume was 16%.

Industrial production growth accelerated in March

Date 03.05.2022
Article
According to Statistics Estonia, in March 2022, the total production of industrial enterprises increased by 7.8% at constant prices compared to March 2021. Output increased in all three sectors: by 6.6% in manufacturing, 5.2% in mining, and 21.3% in energy production.

Average wages and salaries were €1,959 in Q3

Date 25.11.2024
Article
“Looking at the wage change trend, wage growth is still slower now than in 2023,” said Sigrid Saagpakk, analyst at Statistics Estonia. Average wages in seven groups of economic activities are higher than the national average Saagpakk stated that the average monthly gross wages and salaries in the third quarter of 2024 were the highest in information and communication (€3,506), financial and insurance activities (€3,068), and electricity, gas, steam and air conditioning supply (€2,540). The lowest average monthly gross wages and salaries were seen in accommodation and food service (€1,285)

In March, trade increased with EU countries

Date 10.05.2019
Article
According to Statistics Estonia, in March 2019, compared to March 2018, the exports of goods increased by 8% and imports by 5%. The trade growth was due to increased exports and imports with the European Union countries.

Exports of services continued to grow in the second quarter

Date 12.09.2022
Article
According to Statistics Estonia and Eesti Pank, in the second quarter of 2022, Estonia’s exports of services grew by 32% while imports of services fell by 5% year on year. In the second quarter of this year, Estonia’s exports of services totalled 2.5 billion euros and imports of services 1.8 billion euros.

Information and communication technologies

Area
The development of information and communication technology (ICT) has made life a lot easier. The news is all around us and we no longer have to wait for broadcasts or the newspaper. Accommodation, flight tickets and the taxi can be booked on the computer or smart phone in just a few clicks. Information is available at all times. This facilitates data searching and communication and has revolutionised trade and the provision of services. The introduction of ICT has led to significant changes in the management of enterprises and in production: work processes are faster and more efficient. A

Trade up in June, imports from Russia and Belarus down

Date 09.08.2022
Article
According to Statistics Estonia, in June 2022, Estonia’s exports of goods increased by 26% and imports by 24% compared with June 2021. Compared with the second quarter of last year, exports grew by 21% and imports by 30%. In June and in the second quarter as a whole, trade was primarily boosted by the increased exports and imports of mineral fuels and electricity and wood and articles of wood.