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According to Statistics Estonia, in 2010 the ratio of research and development (R&D) expenditures to the gross domestic product reached a novel level – 1.63%, a year earlier the respective indicator was 1.43%. The improved result was significantly influenced by investments in the technological development made in the oil industry.

Today, on 3 November, Statistics Estonia presents the publication “Changes in the Economy and Labour Market” which outlines the relevant trends in the last decade.

According to the second estimates of Statistics Estonia, the gross domestic product (GDP) of Estonia increased by 3.6% in the 1st quarter of 2012 compared to the same quarter in the previous year. The GDP growth decelerated for the second quarter in succession.

According to Statistics Estonia, in the 3rd quarter of 2012, the net sales, costs and total profit of the business sector increased compared to the previous quarter as well as to the same quarter of the previous year.

According to Statistics Estonia, tax benefits turned the year 2008 an unprecedented profitable tax year for the residents of Estonia, enabling substantially to reduce the tax burden of the employed persons.

According to Statistics Estonia, the sharp decrease of freight volume of transport enterprises in Estonia continued in 2009. The freight turnover decreased by 13% and the economic crisis affected remarkably the road transport enterprises. Passenger transport did not change significantly.