Study: Estonian Adults Among the Best in the World in Skills, Especially in Younger Generations
Which smart devices do people in Estonia use at home?
According to Statistics Estonia, there has been a considerable rise in the use of Internet of Things devices over the last four years. The use of smart TVs has risen by 30%, and the use of smart watches has increased by as much as 60%. Internet-connected home appliances and voice-activated virtual assistants are also increasingly popular among households.
3.6 million tourists: number of accommodated tourists was up by 5% in 2024
According to Statistics Estonia, in 2024, Estonian accommodation establishments served 3.6 million tourists, which is 5% more than in 2023 but 5% less than in 2019.
205,000 tourists: number of accommodated tourists up by 6% in January
According to Statistics Estonia, accommodation establishments served 205,000 tourists in January 2025, which is 6% more than in the same month a year earlier. The number of foreign tourists increased by 15%, while the number of domestic tourists decreased by 1%.
Exports of services up by 7% and imports by 5% in 2024
According to Statistics Estonia and Eesti Pank, in 2024, Estonia’s exports of services grew by 7% and imports by 5%. Exports of services totalled €12.5 billion and imports €9.5 billion at current prices. The balance of foreign trade in services was in surplus by €2.9 billion, which is €333 million more than in 2023.
General government debt continued to grow in 2024, while the budget deficit decreased
According to the preliminary data of Statistics Estonia, in 2024, the Estonian general government deficit was 1.7% and the debt level was 23.6% of the gross domestic product (GDP). At the end of last year, the total expenditures of the general government exceeded revenues by 665.7 million euros.
The dwelling price index rose by 6.1% in 2024
According to Statistics Estonia, in 2024, the dwelling price index increased by 6.1% compared with the average of 2023. In the fourth quarter of 2024, the index was up by 3.6% compared with the fourth quarter of 2023 and down by 0.7% compared with the third quarter of 2024.
In February, the industrial producer price index was affected the most by the rising price of electricity
The producer price index of industrial output, which expresses changes in the producer prices of industrial goods manufactured in Estonia for the domestic market and for export, increased by 3.3% in February 2025 compared with January and by 6.1% compared with February last year.
Exports of goods up by 13% and imports by 16% in January
According to Statistics Estonia, in January 2025, Estonia’s exports of goods increased by 13% and imports by 16% compared with January 2024. Exports of goods amounted to over 1.5 billion and imports to 1.8 billion euros at current prices. The trade deficit was 331 million euros, which is 85 million more than in January last year.
There were 9,071 job vacancies in the last quarter of 2024
According to Statistics Estonia, in the fourth quarter of 2024, there were 9,071 job vacancies in the enterprises, institutions and organisations of Estonia. This is 1.4% less than in the same quarter in 2023. In the fourth quarter of last year, 6,705 persons left their job at the initiative of the employer.
In February, the consumer price index rose by 1.4% (corrected on 7.03.2025)
According to Statistics Estonia, in February 2025, the consumer price index increased by 1.4% compared with January and by 5.3% compared with February 2024. Goods were 2% and services 10.6% more expensive than in February last year.
Average wages and salaries rose by 8.1% last year
According to Statistics Estonia, the average monthly gross wages and salaries in 2024 stood at €1,981, which is 8.1% higher than in 2023. In the fourth quarter of 2024, the average monthly gross wages and salaries were €2,062, which is 8.3% higher than in the same quarter of 2023.
The increase in manufacturing output in January was mainly driven by the wood industry
According to Statistics Estonia, in January 2025, the total production of industrial enterprises decreased by 2.5% at constant prices compared with January 2024. Among the three industrial sectors, output increased by 2% in manufacturing but decreased by 7.4% in mining and by 21.8% in electricity production.
Economy grew by 1.2% in Q4 of 2024
According to Statistics Estonia, in the fourth quarter of 2024, the gross domestic product (GDP) grew by 1.2% compared with the same period of 2023. Estonia's GDP contracted by 0.3% in 2024. The GDP at current prices amounted to €10.6 billion in the final quarter of last year and to €39.5 billion in 2024 as a whole.
Retail trade volume up by 3% in January
According to Statistics Estonia, in January, the turnover of retail trade enterprises was 804 million euros. Compared with January 2024, the volume of retail trade turnover increased by 3%.
In January, the producer price index remained at the same level year on year
The producer price index of industrial output, which expresses changes in the producer prices of industrial goods manufactured in Estonia for the domestic market and for export, rose by 0.9% in January 2025 compared with December 2024. The index remained at the same level as in January last year.
Construction volume down by 6% last year
According to the preliminary data of Statistics Estonia, in 2024, the total production value of Estonian construction enterprises in Estonia and abroad decreased by 6% compared with 2023. Considering only the domestic market, the fall in construction volume last year was 7%.