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Last year, exports remained close to the level of 2019

Article
According to Statistics Estonia, in 2020, exports of goods decreased by 1% and imports by 6% year on year. There was a fall in trade in the first half of the year, which was counterbalanced by the growth in the final months of the year – in December, exports grew by 25% and imports by 10%.

Economic growth slowed down in the 2nd quarter

Article
According to Statistics Estonia, gross domestic product (GDP) of Estonia increased 3.6% in the 2nd quarter of 2019 compared to the same period of the previous year.

In April, trade grew by a half

Article
According to Statistics Estonia, in April, exports of goods increased by 54% and imports by 51% year on year. The trade growth was influenced by last year’s low reference base as well as by the increase in exports and imports of mineral products, electrical equipment and transport equipment.

Turnover and investments of the business sector increased

Article
According to the preliminary data of Statistics Estonia, in 2019, turnover increased in most economic activities. Trade, manufacturing and information and communication enterprises contributed the most to the turnover of the business sector. The growth in the sector’s turnover was negatively affected mainly by energy and mining.

Real GDP growth rate (chain-linked volume)

Area
Gross domestic product (GDP) is calculated taking account of all economic transactions. When calculating the real economic growth, there needs to be an adjustment for price changes. The nominal GDP includes price changes, which is removed when calculating the real GDP. The real economic growth shows how much the volume of goods in the economy has increased.