Economic analysis

There are more than 60,000 operating enterprises in Estonia; the number of enterprises with 250 employees and more is only about 150.


The sectors that are the biggest employers – considering the number of employed – are:

  • Manufacturing
  • Trade
  • Education
  • Construction
  • Logistics

The main economic growth engine is, due to the small scale of Estonian economy, export. After the global recession in 2009, the export of Estonian goods increased rapidly, but foreign demand has somewhat weakened over the last two years and export growth remains, therefore, on a low level.

Press releases of the Ministry of Economic Affairs and Communications provide an overview of foreign trade development by six month cycles.

We analyse the developments in the sphere of producer, export and import prices and retail and internal trade developments on a monthly basis; the recent period is characterised by steady growth.

Economic analysis

 

Labour market forecasts
 

The Ministry of Economic Affairs and Communications will prepare labour requirement forecasts according to the evaluation of development trends of the sectors observed. In addition, it will be estimated how many employees will stop working in the coming years and how many job vacancies will therefore be created.

Estonia is moving, step by step, towards a more complicated economy that creates higher added value and this can also be observed in the employment market – the importance of specialists and skilled workers is increasing while the demand for unqualified labour is falling.

 

Studies and analyses

 

The following studies and analyses will be conducted every year, at the initiative of the Economic Development Department:

  • In co-operation with Enterprise Estonia, the implementation of entrepreneurship and innovation measures will be assessed by focusing on the progress made by enterprises supported by EE and Kredex and the influence contributed by support. Every year, quantitative indicators will be measured; every two years, a more substantial analysis will be carried out, complete with the questioning of enterprises and related interviews.
  • The studies and surveys required for shaping the policies are outsourced and some of them have been published in the Innovation Studies series.
  • The Ministry and different divisions also take part in commissioning the surveys and studies, such as various sectoral studies conducted with EE.

 

Last updated: 5 September 2016