Unemployment in Estonia
Estonia - UnemploymentQ1 GDP likely grew at a healthy annual pace. However, the expansion will have been slower than in Q4, and the economy likely registered a contraction in quarter-on-quarter terms. Looking at available indicators, industrial activity in January–March grew at a softer year-on-year pace than in Q4. Meanwhile, retail sales growth also eased amid the red-hot inflation rate and the Omicron wave, although a tight labor market, government aid and pent-up savings likely sheltered spending somewhat. In Q2, industrial activity is likely suffering from global commodity market shocks: Producer prices in April were at a 27-year high. That said, entry requirements for international travelers were eased on 1 April, which should be supporting tourism. In May, Estonia adopted a nearly EUR 900 million supplementary budget for defense spending, energy security and refugee aid, which should boost domestic demand.
Estonia - Unemployment Data
5 years of economic forecasts for more than 30 economic indicators.
Estonia Unemployment Chart
Source: Statistics Estonia.
|Exchange Rate||1.12||0.65 %||Dec 31|
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July 7, 2022
Consumer prices rose 2.73% in June over the previous month, picking up from the 1.92% rise seen in May.
July 4, 2022
Industrial output rose 4.8% year-on-year in seasonally- and calendar-adjusted terms in May, which was above April's 4.0% increase.
June 7, 2022
Consumer prices increased 1.92% in May over the previous month, a smaller increase than April's 3.56% rise.
June 2, 2022
Industrial production rose 3.8% year-on-year in seasonally- and calendar-adjusted terms in April (March: +7.9%).
May 6, 2022
Consumer prices rose 3.56% over the previous month in April, accelerating from March's 2.67% increase.