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Economy grew by 1.2% in Q4 of 2024

Date 03.03.2025
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  3. Economy grew by 1.2% in Q4 of 2024
Robert Müürsepp, the national accounts team lead at Statistics Estonia, said that the fourth quarter marked the end of 10 quarters of recession. “The last time the GDP grew was in the first quarter of 2022,” Müürsepp noted. In contrast to previous quarters, the majority of activities had a positive impact on the economy. “The energy sector led the way, with value added increasing by 21%. This was followed by real estate activities and information and communication – both saw their value added rise by 5.7%. Notably, manufacturing also recovered from the crisis, growing by 0.5%. The value added

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

Date 02.03.2026
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  3. Estonia’s economy fared better in 2025 than in the two preceding years
Robert Müürsepp, the National Accounts Service Manager at Statistics Estonia, said that 2025 was a better year for the Estonian economy than the previous two years. “The GDP showed growth in the last three quarters, and the annual GDP growth was 0.6%,” he added. Manufacturing was the biggest contributor to economic growth in Q4 Similarly to the third quarter, the contribution of most economic activities to the GDP remained modest. Manufacturing was the biggest positive contributor, as its value added increased by 13.3%. Information and communication also had a significant impact – its value

The economy grew by 0.9% in the second quarter

Date 29.08.2025
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  3. The economy grew by 0.9% in the second quarter
Robert Müürsepp, the national accounts team lead at Statistics Estonia, said that there was modest economic growth in the second quarter of 2025. The last time that the GDP grew was in the second quarter of last year. “About half of economic activities contributed positively to the GDP, with the biggest contribution coming from the energy sector where value added grew by 43%. In real estate activities, value added increased by 5.4%. The biggest negative contributors were construction, with a 9.3% decline in value added, and transportation and storage, where value added decreased by 11%,” noted

According to revised data, economic growth is yet to be seen

Date 30.05.2025
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  3. According to revised data, economic growth is yet to be seen
Robert Müürsepp, the national accounts team lead at Statistics Estonia, said that the GDP, which had shown growth in the fourth quarter last year, was again down a little in the first quarter this year. “A month ago, we published a model-based flash estimate which suggested that the economy might be slightly improving. However, the flash estimate underestimated some irregular factors in the fourth quarter. Vehicle sales were exceptionally high in the fourth quarter in anticipation of the introduction of the motor vehicle tax from 2025. But the model could not fully foresee the significant

Estonia produced 189.5 million eggs last year, one in two eggs eaten is locally produced

Date 17.04.2025
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  3. Estonia produced 189.5 million eggs last year, one in two eggs eaten is locally produced
At the end of 2024, there were 2.4 million poultry in Estonia. 97% of these were hens and cocks, and the remaining 78,200 were other poultry. Ege Kirs, leading analyst at Statistics Estonia, said that egg production has started to increase again in recent years. “Last year, the poultry laid a total of 11,800 tonnes of eggs. The bulk of egg production comes from a few large farms, which are also the main contributors to production growth and decline,” Kirs noted. Last year, Estonia imported 12,700 tonnes of egg products, 71% of which were whole eggs. Exports of eggs amounted to 2,300 tonnes in

The economy contracted by 0.7% in Q3

Date 29.11.2024
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  3. The economy contracted by 0.7% in Q3
Robert Müürsepp, team lead of national accounts at Statistics Estonia, noted that the economy, which has been falling for ten quarters in a row, is showing signs of improvement, but the biggest changes are still on the negative side. “Among the activities, construction had a strong negative impact on the economy, as did manufacturing. The biggest positive contributor after two years was again information and communication, where value added grew by 7.3%,” Müürsepp stated. Real estate activities and agriculture, forestry and fishing also made larger positive contributions to the economy. The

The economy contracted by 3% last year

Date 01.03.2024
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  3. The economy contracted by 3% last year
According to Statistics Estonia, in the fourth quarter of 2023, the gross domestic product (GDP) decreased by 2.7% compared with the same period of 2022. The GDP at current prices was 9.9 billion euros in the fourth quarter. In 2023 as a whole, Estonia’s GDP decreased by 3% and amounted to 37.7 billion euros at current prices.

In January, the consumer price index was up by 3.7% year on year

Date 16.02.2026
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  3. In January, the consumer price index was up by 3.7% year on year
Lauri Veski, the Consumer Price Statistics Service Manager at Statistics Estonia, said that the last time that the year-on-year increase in the consumer price index was at a similar level was a year ago, in January 2025, when the consumer price index rose by 3.9%. “The rise in the consumer price index for January 2026 compared with December was primarily influenced by electricity, food and alcoholic beverages. The exchange prices of electricity soared in January, so that the electricity price index was up by 22.2% compared with December. Food prices were up by 2.3% in January, with 11.1% more

The economy contracted by 1% in Q2

Date 30.08.2024
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  3. The economy contracted by 1% in Q2
According to Statistics Estonia, in the second quarter of 2024, the gross domestic product (GDP) decreased by 1% compared with the same period of 2023. The GDP at current prices amounted to €9.8 billion.

Oil shale electricity production decreased last year

Date 06.09.2024
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  3. Oil shale electricity production decreased last year
According to Statistics Estonia's data, Estonian power plants produced 5,686 gigawatt hours (GWh) of electricity and 4,323 GWh of heat in 2023. Compared with 2022, electricity production was down by 37% and heat production by 15%.

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