ICT sector: production value 2012-2021

The production value of the total information and communication industry in Estonia increased by 670.7 million euros (+16.41 percent) in 2021 in comparison to the previous year. Therefore, the production value in Estonia reached a peak in 2021 with 4.8 billion euros.
The value of production is defined by Eurostat as the amount actually produced by the unit, based on sales, including changes in stocks and the resale of goods and services.

Annual production value of the information and communication technology (ICT) sector in Estonia from 2012 to 2021 (in million euros)

Characteristic	Annual production value in million euros
2021	4,757.11
2020	4,086.4
2019	3,685.6
2018b	3,413.7
2017	3,072.3
2016	3,152.8
2015	2,987.5
2014	3,115.7
2013	2,981.1
2012	2,932

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Release date

March 2024

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Region

Estonia

Survey time period

2012 to 2021

Supplementary notes

b: Break in time series.
The source adds the following information: 'Production value measures the amount actually produced by the unit, based on sales, including changes in stocks and the resale of goods and services. The production value is defined as turnover, plus or minus the changes in stocks of finished products, work in progress and goods and services purchased for resale, minus the purchases of goods and services for resale, plus capitalised production, plus other operating income (excluding subsidies). Income and expenditure classified as financial or extra-ordinary in company accounts is excluded from production value.'
Data coverage corresponds to code ICT of CE Rev. 2.

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