After a few years of stagnation, 2016 can be considered rather successful for enterprises – the turnover, investments as well as the number of active enterprises increased by 4%. The improved results were reflected also in profits – the profit for the reporting year increased by 11%. Productivity indicators improved also.
According to Statistics Estonia, in the 1st quarter of 2017, the unemployment rate was 5.6%, the employment rate 66.3% and the labour force participation rate 70.2%. The labour force participation rate reached a record level in comparison with the 1st quarters of previous years.
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.
According to the second estimates of Statistics Estonia, the gross domestic product (GDP) of Estonia increased by 8.5% in the 1st quarter of 2011 compared to the same quarter in the previous year. The GDP growth has gradually accelerated since the 2nd quarter of the previous year.
According to Statistics Estonia, in March 2017, the production of industrial enterprises increased 15% compared to March of the previous year. Production increased in the energy sector, mining and quarrying as well as manufacturing.
According to Statistics Estonia, in November 2016, the production of industrial enterprises increased 9% compared to November of the previous year. Production increased in the energy sector, mining and quarrying, and manufacturing.
According to the flash estimates of Statistics Estonia, the gross domestic product (GDP) of Estonia decreased 1.9% in the 1st quarter of 2014 compared to the 1st quarter of 2013.