25.05.2015
Orsolya Soosaar Economist at Eesti Pank

Data from Statistics Estonia show that annual growth in average gross monthly wages slowed in the first quarter of 2015 to 4.5%, and growth in gross hourly wages fell to 5.8%. Seasonally adjusted growth in average monthly wages was... more

18.05.2015
The labour market review by experts from Eesti Pank covers developments in the supply, demand and prices of labour in Estonia. The central bank observes the labour market for two reasons. Firstly, labour is an important production input, as a change in the supply or activity of labour can directly... more
14.05.2015
Orsolya Soosaar Economist at Eesti Pank

Annual growth in employment accelerated to 2.9% in the first quarter of 2015, while unemployment stood at 6.6%. The low comparison base from the first quarter of 2014 played a part in the rapid annual growth in employment. Seasonally... more

08.04.2015
  Orsolya Soosaar and Natalja Viilmann Economists at Eesti Pank

The long-awaited acceleration in economic growth materialised in the second half of 2014, but unfortunately labour productivity grew more slowly than in the first half of the year. Growth accelerated mainly as... more

03.03.2015
  Natalja Viilmann and Jaanika Meriküll Eesti Pank Economists

Exports of Estonian goods and services grew faster in 2000-2013 than global exports as a whole in both current and constant prices, meaning that Estonian exports managed to gain market share during those years.... more

26.02.2015
Orsolya Soosaar Economist at Eesti Pank

Data from Statistics Estonia show that the average gross monthly wage increased by 5.3% over the year in the fourth quarter of 2014, and the gross hourly wage by 6%. This growth was faster than in the previous quarter. The fall in... more

13.02.2015
Orsolya Soosaar Economist at Eesti Pank

The labour market favoured employees in the fourth quarter of last year. Data from Statistics Estonia show annual growth in employment accelerating to 2.3% from 1.3% in the third quarter. The unemployment rate fell at the same time to 6... more

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