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Article

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

Kuupäev 25.03.2021
Article
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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.

Weakening material price pressures slowed the rise in the construction price index

Kuupäev 21.10.2022
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  3. Weakening material price pressures slowed the rise in the construction price index
According to Statistics Estonia, in the third quarter of 2022, the construction price index increased by 3.8% compared with the second quarter of 2022 and by 17.4% compared with the third quarter of 2021.

Unemployment up by nearly 5,000 persons in the third quarter

Kuupäev 13.11.2020
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  2. News
  3. Unemployment up by nearly 5,000 persons in the third quarter
According to Statistics Estonia, in the third quarter of 2020, the labour force participation rate was 71.8%, the employment rate was 66.3%, and the unemployment rate was 7.7%. There were 54,300 unemployed persons, which is 4,900 more than in the second quarter of the year.

Population census. 76% of Estonia’s population speak a foreign language

Kuupäev 16.11.2022
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  3. Population census. 76% of Estonia’s population speak a foreign language
Census data show that an estimated 76% of Estonia’s population speak a foreign language. While 10 years ago the most widely spoken foreign language in Estonia was Russian, today it is English. Estonian is spoken by 84% of the population: 67% speak it as a mother tongue and 17% as a foreign language.

Labour market indicators have improved year-on-year

Kuupäev 14.02.2019
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  3. Labour market indicators have improved year-on-year
According to Statistics Estonia, in 2018, the labour force participation rate was 71.9%, the employment rate was 68.1% and the unemployment rate was 5.4%. The number of long‑term unemployed was the lowest of the last 20 years.

In the fourth quarter, the economy contracted by 1.2%

Kuupäev 01.03.2021
Article
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  2. In the fourth quarter, the economy contracted by 1.2%
According to Statistics Estonia, in the fourth quarter of 2020, the gross domestic product (GDP) decreased by 1.2% year on year, and the GDP at current prices was 7.3 billion euros. In 2020 as a whole, the Estonian economy shrank by 2.9%.

In June, motor fuel and electricity had the biggest impact on the consumer price index

Kuupäev 07.07.2021
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  2. In June, motor fuel and electricity had the biggest impact on the consumer price index
According to Statistics Estonia, in June 2021, the consumer price index increased by 1.2% compared to May 2021 and by 3.8% compared to June 2020. Goods were 3.1% and services 5.0% more expensive than in June last year.

Higher fuel prices had the biggest impact on the consumer price index in 2021

Kuupäev 07.01.2022
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  2. Higher fuel prices had the biggest impact on the consumer price index in 2021
According to Statistics Estonia, in 2021, the consumer price index increased by 4.6% compared to the average of 2020.

Construction prices grew by 17.8% last year

Kuupäev 23.01.2023
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  3. Construction prices grew by 17.8% last year
According to Statistics Estonia, in 2022, the construction price index increased by 17.8% compared with the average of 2021. In the fourth quarter of 2022, the construction price index increased by 1.9% compared with the third quarter of 2022. The rise in the index compared with the fourth quarter of 2021 was again record high at 16.1%.

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