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GDP flash estimate: the economy grew by 2.1% in Q2

Estonians’ assessment of the economy has improved, while confidence in the construction and trade sectors somewhat declined

In May, there were 5% more accommodated tourists than the year before

HICP flash estimate: prices down by 0.4% in June

In June, the confidence of industrial enterprises declined, while assessments in other sectors and among consumers improved slightly

The number of international students decreased last year but their tax contribution increased

According to Statistics Estonia, in the academic year 2024/25, international students studying and working in Estonia contributed 16.6 million euros in taxes. In the same period, international graduates of the academic year 2023/24 contributed 7.5 million euros as labour taxes in Estonia. Throughout the analysed period (2017–2025), international students and graduates have contributed over 317 million euros in taxes in Estonia.

The share of innovative enterprises in Estonia is growing

According to Statistics Estonia, 65% of Estonian enterprises have introduced product or process innovations. The share of innovative enterprises is the highest in financial and insurance activities and in information and communication.

Latest business and consumer survey results published by Statistics Estonia

On 26 May, Statistics Estonia published for the first time the results of the surveys that measure consumers’ and enterprises’ economic confidence. The data are published in the statistical database.

Statistics Estonia starts monitoring consumers’ and enterprises’ economic confidence: each response matters

On 4 May, Statistics Estonia begins the economic sentiment surveys that show how secure Estonian residents feel financially and how enterprises see the future of their business activities.

Average wages increased by 5.6% last year

Average wages and salaries were 2,135 euros in the first quarter

Estonia’s economy fared better in 2025 than in the two preceding years

Trade in goods down in August, most notably with EU countries

According to Statistics Estonia, in August 2024, Estonia’s exports of goods decreased by 1% and imports by 8% compared with August 2023. Exports of goods amounted to nearly 1.5 billion and imports to more than 1.6 billion euros at current prices. The trade deficit was 169 million euros, which is 122 million euros less than in August last year.

There were more foreign tourists accommodated in August (corrected on 11.10.2024)

According to Statistics Estonia, accommodation establishments served 455,000 tourists in August 2024, which is 6% more than in August last year. The number of foreign tourists increased, whereas the number of domestic tourists decreased.

In September, the prices of juices and syrups increased the most among food products

According to Statistics Estonia, in September 2024, the consumer price index decreased by 0.3% compared with August and increased by 3% compared with September 2023. Goods were 1.5% and services 5.5% more expensive than in September last year.

Industrial production in August declined significantly in the manufacture of wood

According to Statistics Estonia, in August 2024, the total production of industrial enterprises decreased by 6% at constant prices compared with August 2023. Among the three industrial sectors, output increased by 1.9% in mining but decreased by 5.6% in electricity production and by 6.4% in manufacturing.

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.

Retail trade volume has fallen for two years in a row

According to Statistics Estonia, in August 2024, the turnover of retail trade enterprises was €889 million. Compared with August 2023, the volume of retail trade turnover fell by 4%.

The dwelling price index up by 2.8% from the first quarter

Increased prices of wood products had the biggest impact on the producer price index of industrial output

92.9% of Estonian households use the internet, social media is increasingly popular

COVID-19 pandemic pushed up accommodation prices and boosted domestic tourism

According to Statistics Estonia, in 2023, the average expenditure of Estonian residents on overnight outbound trips was greater than in the period before the COVID-19 pandemic. The average spending on outbound trips has increased by 43% in the years 2018–2023. The number of tourists accommodated in Estonia has not yet reached the pre-pandemic level, but the share of domestic tourists has increased significantly compared with 2018.