01.03.2021
Kaspar Oja Economist at Eesti Pank

Estonian GDP was 1.2% smaller in the fourth quarter of last year than it was a year earlier. Growth was reined back by branches of the economy that were subject to restrictions, such as accommodation, food service and entertainment. GDP... more

30.11.2020
Kaspar Oja Economist at Eesti Pank

Data from Statistics Estonia put Estonian GDP down 1.9% over the year in the third quarter, but up 3.3% on the previous quarter. This performance is better than that outlined in the baseline forecast scenario and is closer to that in the... more

07.10.2020
Occasional Papers of Eesti Pank 2/2020 Authors: Helen Ljadov, Reet Reedik, Raido Kraavik, Taavi Raudsaar, Lauri Matsulevitš, Dmitry Kulikov, Kaspar Oja, Lenno Uusküla, Nicolas Reigl, Karsten Staehr Several central banks have started using negative interest rates alongside other nonstandard... more
31.08.2020
Kaspar Oja Economist at Eesti Pank

Gross Domestic Product (GDP) in Estonia was 6.9% less in the second quarter than a year earlier in the data of Statistics Estonia. This means the economy has done substantially better than was forecast in spring. The fall in the economy has... more

08.06.2020
LIINA KULU, MADIS LAAS, JAANIKA MERIKÜLL, KASPAR OJA,  MARTTI RANDVEER, INDREK SAAPAR Abstract In August 2019 the Estonian government confirmed the principles for the reform of the second pension pillar. The planned reforms are intended to make joining and leaving the second pillar... more
29.05.2020
Kaspar Oja Economist at Eesti Pank

Data from Statistics Estonia show that Estonian GDP was 0.7% smaller in the first quarter than in the same quarter of last year, and seasonally adjusted was 3.7% less than in the fourth quarter of last year. The economic position in the... more

28.02.2020
Kaspar Oja Economist at Eesti Pank

Data from Statistics Estonia show that the Estonian economy grew by 4.3% last year. Growth in the fourth quarter was 3.9% over the year and 0.9% over the third quarter. Statistics Estonia corrected the rapid yearly growth in the economy in... more

29.11.2019
Kaspar Oja Eesti Panga ökonomist

The Estonian economy grew by 4.2% over the year in the third quarter and by 1% over the quarter. The growth was driven by exporting branches, while one-off factors also played a large role.

Global trade is being restrained by trade... more

30.08.2019
Kaspar Oja Economist at Eesti Pank

Data from Statistics Estonia put yearly economic growth at 3.6% in the second quarter. A large part of the growth came from information and communication technology and from professional, scientific and technical activities. Without those... more

05.07.2019
Kaspar Oja Economist at Eesti Pank

Consumer prices were on average 2.4% higher in June than a year earlier. Inflation, which had been 3.1% in May, was brought down by energy prices rising more slowly. Prices will start to be affected in July by the cut in the rate of excise... more

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