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Gender pay gap has narrowed in a year

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According to Statistics Estonia, in 2023, the gross hourly earnings of female employees were 13.1% smaller than the earnings of male employees. The gender pay gap decreased by 4.6 percentage points year on year.

Foreign trade declined by a fifth in August

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According to Statistics Estonia, in August, Estonia’s exports of goods amounted to 1.5 billion and imports to 1.8 billion euros. Compared with the same month in 2022, exports of goods decreased by 22% and imports by 19% at current prices. The trade deficit in in August was 293 million euros, which is 7 million euros less than a year earlier.

Retail trade turnover fell by 11% in April

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According to Statistics Estonia, in April, the turnover of retail trade enterprises was 844 million euros. Compared with April 2022, turnover decreased by 11% at constant prices.

Recession slowed down in the second quarter. Photo: Shutterstock

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According to Statistics Estonia, the gross domestic product (GDP) decreased by 2.9% in the second quarter of 2023 compared with the same quarter a year earlier. The GDP at current prices amounted to 9.4 billion euros.

Exports and imports of goods fell significantly in July

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According to Statistics Estonia, Estonia’s exports of goods in July amounted to 1.3 billion and imports to 1.6 billion euros. Compared with July 2022, exports of goods decreased by 26% and imports by 20% at current prices. The trade deficit in July was 385 million euros, which is 42 million euros more than in the same month last year.

Trade in goods with non-EU countries decreased the most in May

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According to Statistics Estonia, in May 2023, Estonia’s exports of goods decreased by 15% and imports by 13% at current prices compared with May 2022. Exports of goods amounted to 1.6 billion and imports to 1.9 billion euros at current prices. The trade deficit was 309 million euros, which is 12 million euros more than in May last year.

Trade in goods decreased in June as well as in the first six months overall

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According to Statistics Estonia, in June 2024, Estonia’s exports of goods decreased by 14% and imports by 11% compared with June 2023. Exports of goods amounted to nearly 1.4 billion and imports to more than 1.6 billion euros at current prices. The trade deficit was 268 million euros, which is 20 million more than in June last year.