Ülemiste City RadarEconomy

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There are nearly 500 companies with almost 16 000 employees in Ülemiste City. The added value produced by our companies nearly tripled during 2015–2021. This increase was the result of the expansion and internal growth of the company.

The data is taken from E-Business Register, Statistics Estonia, and Estonian Tax and Customs Board.

Economic Performance

The data is taken from E-Business Register, Statistics Estonia, and Estonian Tax and Customs Board.

Ülemiste City as a growth environment for companies

Fifty-three out of all the companies in Ülemiste City have been here since 2014. The increase of added value index of companies (2014=100%), when compared to the added value index of all Estonian companies, shows that the added value produced by the companies on campus has increased substantially faster than anywhere else during the observed period.

Average Gross Wage

Labor taxes

Compared to the business sector labor taxes of all Estonian cities, Ülemiste City only pays less taxes than Tallinn (56,2%) and Tartu (6,5%) but more than Pärnu (2,5%).

Ülemiste City 3.4%

Added Value Per Employee

63000

Ülemiste City

64000

Ülemiste City’s IT sector

37000

in Estonia

44000

in Tallinn

Share of export in sales revenue

COVID Impact on Labor Costs

14%

difference meant ca. 4 mil euros of additional tax revenue for the state.

The percentage of Ülemiste City’s IT sector in Estonian IT sector

0%

The percentage of Ülemiste City’s IT export in Estonian IT sector

0%