Eesti Pank / Bank of Estonia

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2. Quarterly economic indicators for Estonia

   
     08/31/10
         % change comparing to  
     Period     previous
period
 same period of
previous year
 Source
    1.      GDP 1          SA
    1.1.      current prices (EEK m)  I/2010  50,541.3      
    1.2.      constant prices (EEK m)  I/2010  32,368.1  -9.6  -2.0  
    2.      Industry          SA
    2.1.      Volume index of industrial production (at constant prices (2005=100); %)  II/2010    12.7  20.0  
    3.      Investments in fixed assets (at current prices; EEK m)  I/2010  5111.8  -24.6  -33.1  SA
    4.      Construction          SA
    4.1.      Construction activities of construction enterprises (at current prices; EEK m)  II/2010  7578  66.7  -25.2  
    4.2.      Usable floor area of completed dwellings (thousand m2)  II/2010  45.5  -28.0  -46.6  
    4.3.      Usable floor area of non-residential buildings (thousand m2)  II/2010  117.1  38.7  -45.4  
    5.      Consumption          
    5.1.      Retail sales volume index (at constant prices, 2005=100; %)  II/2010    15  -6  SA
    5.2.      New registration of passenger cars (pieces)  II/2010  7,362.0  49.2  26.1  ARK
    6.      Prices          
    6.1.      Consumer price index (%)  II/2010    1.7  3.2  SA
    6.2.      Producer price index (%)  II/2010    1.8  3.4  SA
    6.3.      Export price index (%)  II/2010    2.3  6.2  SA
    6.4.      Import price index (%)  II/2010    4.7  10.6  SA
    6.5.      Construction price index (%)  II/2010    -0.1  -3.4  SA
    6.6.      Estonian kroon real effective exchange rate index (REER; %)  II/2010    -1.0  -2.2  EP
    7.      Labour market and wages          
    7.1.      Employment rate (employed persons/working-age population, %; based on the Labour Force Survey) 2  II/2010  54.0  53.5  57.0  SA
    7.2.      Unemployment rate (unemployed/labour force, %; based on the Labour Force Survey) 2  II/2010  18.6  19.8  13.5  SA
    7.3.      Registered unemployed  II/2010  86193  -7.8  34.6  TK
    7.4.      % of workforce 2  II/2010  13.3  14.4  9.8  TK
    7.5.      Average monthly gross wages and salaries (EEK)  II/2010  12,869.0  8.5  1.2  SA
    7.6.      Monthly average old-age pension (EEK)  II/2010  4,766.7  0.0  -0.2  SA
    8.      General government budget          SA
    8.1.      Total general government revenue (EEK m)  I/2010  18,316.1  -36.3  1.0  
    8.2.      Total general government expenditure (EEK m)  I/2010  22,347.4  -8.7  -7.9  
    8.3.      Net lending (+) / net borrowing (-) 2  I/2010  -4,031.3  4,293.6  -6,126.4  
    9.      Transport          SA
    9.1.      Carriage of passengers (thousands)  I/2010  45,613.0  -12.1  -4.3  
    9.2.      Carriage of goods (thousand tons)  I/2010  20427  10.9  4.8  
    10.      Tourism, accommodation          
    10.1.      Export of travel services (EEK m)  I/2010  2263.3  -7.4  3.0  EP
    10.2.      Import of travel services (EEK m)  I/2010  1680.2  -7.0  6.6  EP
    10.3.      Accommodated visitors (thousands)  II/2010  632.9  63.2  11.4  SA
    10.4.         o/w foreign visitors (thousands)  II/2010  431.8  92.9  12.4  SA
    11.      Foreign trade (special trade system)          SA, EP
    11.1.      exports (EEK m)  II/2010  32,110.1  16.2  26.2  
    11.2.      imports (EEK m)  II/2010  35,323.0  15.7  27.9  
    11.3.         balance (EEK m) 2  II/2010  -3,212.9  -2,885.7  -2,175.9  
    11.4.      Foreign trade balance/exports (%) 2  II/2010  -10.0  -10.4  -8.6  
    12.      Balance of payments 2          EP
    12.1.      Current account balance (EEK m)  I/2010  190.1  2,877.8  151.6  
    12.2.      Current account balance to GDP (%)  I/2010  0.4  5.2  0.3  
    12.3.      Foreign direct investment inflow (EEK m)  I/2010  3,753.5  14,485.2  2,443.6  
    12.4.      Foreign direct investment outflow (EEK m)  I/2010  -1,613.1  -7,129.5  -2,732.4  
    13.      International investment position (at end-period)          EP
    13.1.      Net international investment position (EEK m)  I/2010  -179,522.1  2.4  -5.1  
    13.2.      Direct investment in Estonia (EEK m)  I/2010  184,832.4  4.7  4.7  
    13.3.      Gross external debt (EEK m)  I/2010  265,518.1  -2.4  -8.2  
    13.4.      o/w government (EEK m)  I/2010  12,847.4  -1.7  25.2  
    14.      EEK/USD average quarterly exchange rate  II/2010  12.3  8.7  6.9  EP

1 Preliminary estimation of the GDP growth has been calculated according to the new methodology. Whereas, Statistics Estonia previously calculated the GDP growth at the constant prices of fixed year 2000, since 2008 the growth is calculated by chain-linking method in which the year preceding the accounting period is applied as a base year.
2 Instead of changes comparing to previous periods, absolute figures for the periods are shown by this indicator.

Source:
SA - Statistical Office of Estonia
ARK - Motor Vehicle Registration Centre
EP - Eesti Pank /Bank of Estonia
TK - Estonian Unemployment Insurance Fund
RM - Ministry of Finance
EKI - Estonian Institute of Economic Research