Uudiste arhiiv

 

Estonian economy dropped less than expected in Q2

31.08.2020
swedbank

In the second quarter of 2020, Estonian economy dropped by 6.9% y/y in real terms and 8.4% in nominal terms. Seasonally and working day adjusted GDP dropped by 5.6% q/q. The result exceeded our expectations on the upside. In the…

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The steep decline in taxes contracted Estonian GDP in the first quarter

29.05.2020
swedbank

In Estonia, GDP contracted 0.7% yoy (non-adjusted) and 3.7% qoq (seasonally and working day adjusted) in 1Q The steep fall in VAT and excise taxes contributed negatively, while the gross value added increased 2% yoy.  There were more economic activities…

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Swedbank: Previously rapid wage growth stalls in Estonia this year

27.05.2020
swedbank

• Wage growth decelerated to 4.8%, over the year, in Q1. • Swedbank expects wages to grow by only 0.5% this year. Wage growth decelerated in the first quarter  Gross wage growth decelerated to 4.8%, over the year, in the…

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Estonian Real Estate Market review, March 2020

22.04.2020
uus maa

The overview of real estate market in March cannot escape the topic of coronavirus COVID-19 outbreak which started to influence the market considerably from the second half of the month. Estonian Real Estate Market in March 2020 As the majority of transactions…

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Swedbank: Last year’s economic growth surprised on the upside

28.02.2020
swedbank

In 2019, Estonian GDP growth was 4.3% y/y in real terms and 7.7% y/y in nominal terms. Although, the growth slowed from previous year, it was still strong and exceeded our expectations – our forecast, published in January, was 3.7%.…

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Flash comment: Estonia – Inflation should remain moderate this year

09.01.2020
swedbank

Inflation was relatively weak at the end of last year, given the rapid growth in wages and other income. Inflation was moderate due to weak external price pressures and lower excise tax rates on alcohol. In December, inflation amounted to…

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Swedbank: Robust economic expansion continued in the third quarter

29.11.2019
swedbank

Estonia’s GDP grew 4.1% y/y and 1.0% q/q (seasonally and calendar adjusted) in the third quarter this year. Non-adjusted annual growth was 4.2% in real terms and 7.3% in nominal terms. The growth was above our expectations.  Economic growth is…

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Swedbank: Inflation decelerated in September

08.10.2019
swedbank

• Inflation has remained relatively modest despite a rapid growth in wages. • Inflation is forecast at 2.4% this year and at 2.3% in 2020. Inflation slowed from 2.4% in August to 2.2% in September. Goods were 1.4% and services…

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Swedbank: The curious case of household consumption in the Baltic countries

17.09.2019
swedbank

The curious case of household consumption in the Baltic countries Lithuanians consume a lot more than Estonians and Latvians, despite higher wages in Estonia Differences in prices, remittances, saving rates, and, especially, unofficial income may explain this gap But material…

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Swedbank: Economic growth is still strong despite weakened foreign demand

02.09.2019
swedbank

In the second quarter of 2019, Estonian GDP growth slowed to 3.6% y/y in real terms and to 7.9% y/y in nominal terms. In the first half of this year, GDP growth was 4.2% in real terms. Although, the growth…

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Flash comment Estonia: Wage growth remains rapid and broad-based

04.03.2019
swedbank

In 2018, the average full-time gross wage amounted to EUR 1310, up by 7.3%, in a year. The average gross wage increased in all sectors. The average wage was the highest in ICT and finance. A rapid growth in the…

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Flash comment Estonia: 2018 – another strong economic year in Estonia

28.02.2019
swedbank

In 2018, Estonian GDP growth slowed to 3.9% in real terms and to 8.6% in nominal terms and was supported by domestic demand and strong foreign demand. The growth was still strong and only slightly exceeded our expectations – our…

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Swedbank Flash comment: Economic growth accelerates to 4.2% yoy in the third quarter

03.12.2018
swedbank

In the third quarter, Estonian GDP growth accelerated to 4.2% yoy in real terms. Compared to the previous quarter GDP increased 0.4%, seasonally and working day corrected. In nominal terms, GDP increased 9.5% in the third quarter and 8.5% ytd.…

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Swedbank Flash comment: Wage growth remains rapid and broad-based

30.11.2018
swedbank

In the third quarter, the average full-time gross wage amounted to EUR 1291, up by 7.5%, in a year. Median wage reached EUR 1000, +10.0%, over the year, according to the Tax Board. The average gross wage increased in all…

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Swedbank: Estonian GDP growth accelerated to 3.7% in the 2nd quarter

03.09.2018
swedbank

Real GDP growth in Estonia accelerated to 3.7% yoy in the second quarter of 2018. The growth was stronger than in the first quarter (3.3%). In the first half, GDP growth was 3.5% in real terms. The acceleration of the…

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