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The number of foreign tourists rose substantially in March

Article
According to Statistics Estonia, in March 2022, Estonian accommodation establishments served over 192,000 tourists, which is 276% more than in March last year. The numbers of domestic tourists and foreign tourists* both increased.

Economic growth in Estonia increased significantly

Article
Economic growth in Estonia was broad-based. In the previous years, the growth was largely due to internal consumption, whereas in 2017, the growth became more broad‑based. The role of household consumption decreased. After years of decline, investments began to increase again as a result of improved economic climate, indicating a positive mind-set of entrepreneurs.

The volume of industrial production grew by 6.4% last year

Article
According to Statistics Estonia, the total production of industrial enterprises in 2021 was 6.4% bigger than the year before. Of the three main industrial sectors, production increased by 19.2% in energy production and by 6.4% in manufacturing but decreased by 15.7% in mining.

Excessive Deficit Procedure (EDP)

Basic page
Article 104 of The Treaty establishing the European Community comprises a commitment for the EU Member States to avoid excessive budgetary deficits. In particular, Member States shall comply with budgetary discipline by respecting two criteria defined in the Annex to the Treaty, the Protocol no 20 on the excessive deficit procedure . The reference values not to be exceeded are: 3% for the ratio of the public deficit to the GDP at market prices 60% for the ratio of the public debt to the GDP at market prices Article 104 also sets out a procedure, known as Excessive Deficit Procedure, to be

Industrial producer price index rose by nearly 25% year on year

Article
In December 2021, the producer price index of industrial output, which expresses changes in the producer prices of industrial goods manufactured in Estonia for the domestic market and for export, increased by 24.7% compared to December 2020 and by 5.3% compared to November 2021.

In February, the number of tourists grew by 70%

Article
According to Statistics Estonia, in February 2022, Estonian accommodation establishments served nearly 170,000 tourists, which is 70% more than in February last year. The numbers of domestic tourists and foreign tourists both increased.

Tourism, accommodation and food service

Area
Travelling is a great way to see life in neighbouring countries or in faraway places. Hundreds of millions of people travel every day – for work, vacation or to broaden one’s horizons. Visa-free travel in the Schengen area and the adoption of the euro have encouraged people to visit Estonia and made it easier for Estonian people to travel abroad. World Tourism Day is celebrated each year on September 27. Statistics Estonia publishes the following tourism statistics: travelling of Estonian residents, including number of domestic and foreign trips, purposes of trips, destination countries and