According to Statistics Estonia, in 2022, the labour force participation rate was 73.3%, the employment rate was 69.2%, and the unemployment rate was 5.6%. There were 677,400 employed persons, which is the highest number of recent years.
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.
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.
According to Statistics Estonia*, 93.2% of households in Estonia have an internet connection at home. The number of households with an internet connection has increased by 13,000 compared with the previous year, when there were 533,300 such households. There are also more users of e-commerce.
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.