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Latest UN projection: world population will continue to grow for at least another 60 years
The most populous country is India, and the world's population will continue to increase until at least 2084. This is according to the population projection published by the United Nations in July.
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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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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.
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Fewer tourists in accommodation establishments
According to Statistics Estonia, during the nine month of the year 1.7 million tourists stayed in accommodation establishments, which was 11% less than at the same time in the previous year.
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In September imports of goods was the biggest of this year
According to the preliminary data of Statistics Estonia, in September 2009 exports of goods from Estonia amounted to 9.3 billion kroons at current prices and imports to Estonia made up 10.1 billion kroons. This year imports exceeded the level of 10 billion kroons for the first time.
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Consumer price index decreased in October
According to Statistics Estonia, the consumer price index decreased 2.2% in October 2009 compared to October 2008 and 0.1% compared to September 2009.
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Sustainability in Estonia has both positive and negative trends
According to Statistics Estonia, during the last decade Estonia experienced a fast progress towards economic welfare, but the same cannot be said in regard to social coherence, ecological balance and developments in the cultural space. Nevertheless, both negative and positive trends can be witnessed in all these spheres.
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In September the decrease in stores selling manufactured goods affected most the retail sales
According to Statistics Estonia, the retail sales of goods of retail trade enterprises decreased in September 2009 compared to August this year as well as compared to September of the previous year. The decrease in retail sales was most influenced by stores selling manufactured goods, where the decrease in sales slightly accelerated compared to the previous months.
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The stable decrease in industrial production continues
According to Statistics Estonia, in September 2009 compared to September of the previous year, the production of industrial enterprises decreased 30%. Since February the decrease in production has been within the limits of 30% compared to the same month of the previous year.
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In August the trade balance was positive with main countries of destination
According to Statistics Estonia, in August 2009 Estonian trade deficit was 1.6 billion kroons. At the same time the trade balance with the five biggest countries of destination was positive (exports exceeded imports).
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Construction price index fell also in the 3rd quarter
According to Statistics Estonia, in the 3rd quarter of 2009 the percentage change of the construction price index was -10.5% compared to the 3rd quarter of 2008. The index fell three quarters running compared to the corresponding quarter of the previous year.
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Producer price indices in September
According to Statistics Estonia, in September 2009 the producer price index increased 0.1% compared to August and decreased 1.5% compared to September 2008.
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In August exports and imports decreased by nearly a third
According to the preliminary data of Statistics Estonia, in August 2009 exports of goods from Estonia amounted to 7.8 billion kroons at current prices and imports to Estonia comprised 9.3 billion kroons.