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GDP flash estimate: recession slowed down in Q2
According to Statistics Estonia's preliminary estimate, the decline in the gross domestic product (GDP) slowed down in the second quarter of 2024. GDP fell by approximately 1.7% compared with the second quarter of 2023.
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Young workers are turning away from the information and communication sector
Statistics Estonia's short-term labour market statistics show that over the past year and a half, there have been fewer young people aged 20–29 working in both the broader information and communication sector and the more specific field of computer programming. While in previous years the field of computer programming was growing mainly because of young people, in the past year their numbers have fallen.
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Sown area of potatoes smaller than ever before
According to preliminary data of Statistics Estonia and the Agricultural Registers and Information Board (ARIB), the utilised agricultural area this year is 983,400 hectares, which is 4,400 hectares less than in 2023. There has been a slight decrease in arable land, as well as in the area of fruit and berry plantations. The sown area of potatoes, which has been in decline for a long time, continues the trend and is 8% smaller in 2024 than the year before.
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Information for API users: data on the travelling of Estonian residents are published in separate tables from 28 June
As of 28 June, annual and quarterly data on the travelling of Estonian residents are published in separate tables. The changes will primarily affect users accessing these data with a machine-to-machine interface.
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Research and development expenditure has tripled during five years
According to Statistics Estonia, 3.2 billion kroons were spent on research and development in Estonia in 2008. This amount is over three times more compared to 2003.
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The Government approved the official statistics programme for the next year
According to Statistics Estonia, today the Government of the Republic approved the list of official statistical surveys for the year 2010.
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In October the decrease in retail sales continued
According to Statistics Estonia, in October 2009 compared to October of the previous year the retail sales of goods of retail trade enterprises decreased 17% at constant prices. Since July the decrease in retail sales has been relatively stable compared to the same month of the previous year.
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The decrease in industrial production slowed down a little
According to Statistics Estonia, in October 2009 compared to October of the previous year, the production of industrial enterprises decreased 21%. In the earlier months of this year, the decrease remained within 30% compared to the same period of the previous year.
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The construction market in the stable decline
According to Statistics Estonia, in the 3rd quarter of 2009 compared to the same period of the previous year, the total production of Estonian construction enterprises decreased 29%. In the 1st quarter of the present year the production was 31% and in the 2nd quarter 28% smaller than a year ago.
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According to the regional development, Estonia can be divided into three parts
According to Statistics Estonia, the general picture of the regional development of Estonia does not significantly depend on the selected measurement method. In imaginary terms, the territory of Estonia can be divided into three parts according to the level of regional development.
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The decrease of the average monthly gross wages and salaries continued
According to Statistics Estonia, in the 3rd quarter of 2009, the average monthly gross wages and salaries were 11,770 kroons and the hourly gross wages and salaries were 71.76 kroons. Compared to the 3rd quarter of the previous year, the average monthly gross wages and salaries were by 5.9% lower and the average hourly gross wages and salaries were by 5.8% lower. The average monthly gross wages and salaries has been decreasing for three quarters running compared to the same quarter of the previous year.
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In September exports of machinery and equipment held the biggest share
According to Statistics Estonia, in September 2009 exports of goods from Estonia at current prices totalled 9.3 billion kroons and imports to Estonia amounted to 10.2 billion kroons. Machinery and equipment held the biggest share in exports and oil products in imports.
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In October producer prices increased compared to the previous month
According to Statistics Estonia, in October 2009 the producer price index increased 0.1% compared to September and decreased 2.2% compared to October 2008.
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102,000 persons are unemployed
According to Statistics Estonia, the unemployment rate rose to 14.6% in the 3rd quarter of the current year and the number of the unemployed was the largest during the period after the restoration of independence in Estonia. The positive change on the labour market was that the decrease of the employment stopped.
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Decline of real estate market slowed down
According to Statistics Estonia, in the 3rd quarter of 2009, 6,350 purchase-sale transactions of real estate were carried out. Compared to the same quarter of the previous year, the decrease in the number of transactions slowed down.
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Decline in the economy decelerated in the 3rd quarter
According to Statistics Estonia, by flash estimates, the gross domestic product (GDP) of Estonia decreased by 15.3% in Estonia in the 3rd quarter of 2009 compared to the same quarter in the previous year.