EXPLANATION to the Table of the Most Important Economic Indicators

Economic growth index is an integrated index of the income-based and consumption-based growth indices of the gross domestic product (GDP). These indices consist of adjusted sub-indices of a constant structure which characterise changes in the components used in the System of National Accounts (SNA).

Officially registered unemployed are those unemployed who have been registered at the National Labour Market Board under Article 5 of the Law on the Social Security of the Unemployed.

Unemployed job-seekers are the registered unemployed and other persons without a job who have contacted the employment offices in search for a job or for some other labour market service.

Consumer price index - data of the State Statistical Office (SSO) on the changes in consumer prices in a given period as compared to an earlier period.

Producer price index - data of SSO on changes in the price of industrial products manufactured in Estonia in a given period as compared to an earlier period. The prices do not include VAT or excise tax.

Export price index - data of SSO on the change of the f.o.b. prices of exported goods in a given period as compared to an earlier period.

Real effective exchange rate index of the kroon describes changes in the exchange rate of the Estonian kroon against the currencies of Estonia's eight major trade partners and changes in the Estonian consumer prices in comparison with changes in the consumer prices of these trade partners. The index is based on the structure of Estonia's foreign trade turnover.

Export and import of goods is based on the SSO data.

Foreign loans - the amount of foreign loans taken and guaranteed by the Estonian State as of the end of a given period, based on data of the Ministry of Finance.

Foreign loans' servicing costs - repayment and interest payments of foreign loans in a given period.

Data on the state and local budgets are based on respective reports of the Ministry of Finance.

The number of live births and deaths is based on data of the registry offices.

Nominal wage - average gross monthly wage per worker according to data of the Ministry of Social Affairs.

Real wage - nominal wage adjusted with the consumer price index against some earlier period.

Nominal net income - monthly average income per family member in the form of monetary income received either in cash or through bank transfers; based on a sample study.

Real net income - nominal net income adjusted with the consumer price index against some earlier period.

Gini coefficient - the normative index of the family net income distribution curve (Lorenz curve). The zero value of the coefficient marks maximum equality of incomes and the value 1, the maximum inequality.

Ratio of incomes in the 10th and 1st income decile - the ratio of the share of income of the wealthiest and the poorest income groups (decile) based on the total income of a sample of families analyzed.

Loan interests - the weighted average annual interests paid for loans granted by commercial banks during a given month.

Deposit interests - the weighted average annual interests paid on demand deposits in commercial banks at the end of the given month plus interests on time deposits opened at commercial banks during the same period.