Unemployment in Estonia
Estonia - Unemployment
Growth accelerated in Q3 expanding at the fastest pace this year so far on the back of solid domestic demand dynamics. Fixed investment rebounded after two consecutive quarters of contraction and rose robustly in Q3, propped up by a rapidly expanding construction sector. Furthermore, private consumption metrics remained strong in Q3, despite weakening somewhat from the previous quarter against the backdrop of intensifying inflationary pressures and slightly higher unemployment. On the external front, conditions were more challenging: Export growth tanked in Q3, largely due to near-stagnant goods exports amid a wider deceleration in the EU. Meanwhile, incoming data signals softer Q4 activity: Falling retail sales and weak industrial output growth in October reflected a marked deterioration in both business and consumer sentiment, although the latter improved slightly in November. On 13 December, the Estonian parliament approved the 2019 budget which will be 6.1% larger than in 2018. Government debt is still expected to fall and no changes to the taxation system are currently on the horizon.Estonia - Unemployment Data
| 2013 | 2014 | 2015 | 2016 | 2017 | |
|---|---|---|---|---|---|
| Unemployment Rate | 8.6 | 7.3 | 6.2 | 6.8 | 5.8 |
Estonia Unemployment Chart
Source: Statistics Estonia.
Estonia Facts
| Value | Change | Date | |
|---|---|---|---|
| Exchange Rate | 1.15 | 0.65 % | Jan 14 |
| Stock Market | 1,195 | -0.38 % | Jan 14 |
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Economic News
Estonia: Industrial output soars in November
January 4, 2019
According to Statistics Estonia, annual working day-adjusted industrial production growth rose from a meagrer 1.7% in October to 7.9% in November.
Estonia: Inflation falls in November
December 12, 2018
Consumer prices fell 0.5% from the previous month in November, contrasting October’s 0.5% increase.
Estonia: Industrial production growth moderates in October
December 3, 2018
According to Statistics Estonia, annual industrial output growth fell to 1.7% in working day-adjusted terms in October, from 2.6% in the previous month.
Estonia: Growth gains traction in the third quarter
November 30, 2018
The economy shifted into a higher gear in the third quarter, according to comprehensive data released by Statistics Estonia on 30 November.
Estonia: Inflation surges to an over six-year high in October
November 14, 2018
Consumer prices rose 0.5% over the previous month in October, following September’s flat reading.
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