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Telecommunications, computer and information services had the biggest trade surplus in the second quarter

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According to Statistics Estonia and Eesti Pank, in the second quarter of 2024, Estonia’s exports and imports of services both grew by 3%. Exports of services totalled 3.1 billion euros and imports of services 2.3 billion euros at current prices. The balance of foreign trade in services was in surplus by 802 million euros, which is 39 million euros more than in the second quarter last year.

Service activities

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The service sector is an important part of the economy in Estonia. The share of value added and turnover of service enterprises continues to increase every year. More and more new enterprises and jobs are created in the sector. The activities of the service sector are, for example, healthcare services, regulation of education, accommodation and food service, entertainment and cultural activities, logistics, advertising, communications and beauty services. Statistics Estonia publishes statistics on the turnover and costs of service enterprises operating in Estonia. The statistics allow

Exports of services reached a record high in the fourth quarter

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According to Statistics Estonia and Eesti Pank, in the fourth quarter of 2023, Estonia’s exports of services grew by 5% and imports by 7% compared with the same quarter of 2022. Sales of services to non-residents totalled 3.1 billion euros and purchases of services from non-residents amounted to 2.3 billion euros at current prices. Total exports of services increased by 9% and imports by 8% last year.

Growth in foreign trade in services slowed down in the first quarter

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According to Statistics Estonia and Eesti Pank, in the first quarter of 2024, Estonia’s exports of services grew by 2%, while imports were unchanged from the same period last year. Sales of services to non-residents totalled €2.8 billion and purchases of services from non-residents amounted to €2.2 billion at current prices. The balance of foreign trade in services was in surplus by €595 million, which is €45 million more than a year earlier.

Internet use and digital skills survey

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What kind of survey is it? The information technology survey assesses how and for what purpose people in Estonia use computers and the internet. Who commissions the survey? The survey is conducted in cooperation with the Ministry of Economic Affairs and Communications. How often is the survey conducted? The survey is carried out in the second quarter of each year. Why are the data needed? The information and communication sector has an impact on the whole Estonian economy and development of society. The survey looks at which ICT tools are used and what is done with them. It also examines the

The rise in services exports slowed down in the third quarter

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According to Statistics Estonia and Eesti Pank, in the third quarter of 2023, Estonia’s exports of services grew by 1% and imports by 3% at current prices compared with the same quarter of 2022. Sales of services to non-residents totalled 2.8 billion euros and purchases of services from non-residents amounted to 2.2 billion euros. The balance of foreign trade in services was in surplus by 557 million euros.

Share of environmental goods and services sector in GDP up by a quarter in eight years

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Kaia Oras, a leading expert at Statistics Estonia, explained that the growth in demand for environmental goods and services has been due to both increased awareness of environmental problems as well as higher environmental and energy saving requirements, especially in construction. “The rapid growth in energy-efficient new construction and reconstruction of buildings has a huge impact. Together, these generated €1.5 billion in output,” Oras added. Among the energy produced from renewables, electricity and heat production from renewable energy sources accounted for €482.2 million and the

COVID-19 pandemic pushed up accommodation prices and boosted domestic tourism

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According to Statistics Estonia, in 2023, the average expenditure of Estonian residents on overnight outbound trips was greater than in the period before the COVID-19 pandemic. The average spending on outbound trips has increased by 43% in the years 2018–2023. The number of tourists accommodated in Estonia has not yet reached the pre-pandemic level, but the share of domestic tourists has increased significantly compared with 2018.

Enterprises’ use of AI technologies is on the rise

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Statistics Estonia’s survey “Information technology in enterprises” shows that the use of artificial intelligence (AI) by Estonian enterprises is steadily increasing. The use of data analytics is also growing.