According to data from Statistics Estonia (Statistikaamet), in November 2020, the exports of goods increased by 9% and imports by 7% YoY. Trade with non-EU countries saw the largest increase. In November 2020, Estonia’s exports of goods amounted to EUR 1.3 billion and imports to EUR 1.4 billion at current prices. The trade deficit was…
Last year, the consumer price index decreased by 0.4% compared to the average of 2019, data from Statistics Estonia showed. Fuel prices declined the most, while fresh fruit prices rose. Viktoria Trasanov, leading analyst at Statistics Estonia, said motor fuel had the biggest impact on the annual change of the consumer price index, as diesel…
Unemployment benefits in Estonia have risen for 2021, with the maximum level receivable over EUR 400 per month higher than last year’s figure. The minimum rate has also risen. Whereas the maximum amount permissible in unemployment insurance benefits was EUR 1,656.33 per month in 2020, the current ceiling is EUR 67.30 unemployment insurance benefit per…
Hotels outside of Harju County received a boost from domestic tourists over the New Year, as people sought to celebrate the turn of the year in areas with fewer restrictions. Chairman of the Estonian Hotel and Restaurant Association Ain Kapp said on New Year’s Eve occupancy rate in Tallinn’s hotels was approximately 20-80% less than…
Retail turnover increased by 6% YoY in November 2020, state agency Statistics Estonia reported. Statistics Estonia said retail trade turnover stood at EUR 655 million in November 2020. Turnover for stores selling predominantly computers and their accessories, books, sports equipment, games, toys and other specialized stores saw the highest rise in for any sector –…
Estonia was among the top three European Union countries for percentage of household spend on food in 2019, according to a recent survey. The survey, conducted by the EU’s own statistical office, Eurostat, found that Estonian households spent 19.3% of their total outgoings on food products and non-alcoholic beverages in 2019, compared with an EU…
The defense budget for 2021 will amount to 2.3% of the Gross Domestic Product, the highest level since restoration of independence. The rise is partly the result of weapon systems procured late this year, including coastal missile systems. The nominal minimum domestic defense spend required of NATO members is 2% of GDP per annum. The…