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Article

The downward trend of real estate transactions continued at the end of the year

Kuupäev 12.02.2009
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  3. The downward trend of real estate transactions continued at the end of the year
According to Statistics Estonia, in the 4th quarter of 2008 7,300 purchase-sale transactions of real estate were notarised, which is 13% less than in the previous quarter and about a third less than in the 4th quarter of 2007.

The end of the year brought positive changes on the real estate market

Kuupäev 12.02.2010
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  3. The end of the year brought positive changes on the real estate market
According to Statistics Estonia, in 2009, 26,550 purchase-sale transactions of real estate with the total value of 18 billion kroons were notarised. If in the three first quarters of the year the number of purchase-sale transactions was smaller compared to the corresponding quarters of 2008, then in the 4th quarter a growth took place.

Economy grew by 1.2% in Q4 of 2024

Kuupäev 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

Average monthly gross wages and salaries were €1,894 in Q1

Kuupäev 24.05.2024
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  3. Average monthly gross wages and salaries were €1,894 in Q1
According to Statistics Estonia, the average monthly gross wages and salaries in the first quarter of 2024 were €1,894, which is 8.8% higher than in the same quarter the year before. The median wages were €1,553 in the first quarter of this year and €1,424 in the same quarter of 2023.

The gender pay gap is the largest in financial and insurance activities

Kuupäev 24.04.2025
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  3. The gender pay gap is the largest in financial and insurance activities
Sigrid Saagpakk, analyst at Statistics Estonia, explained that the gender pay gap was over 20% in five economic activities: financial and insurance activities (25.5%), information and communication (24.4%), wholesale and retail trade, repair of motor vehicles and motorcycles (23.5%), human health and social work activities (20.7%), and manufacturing (20.2%). Compared with 2023, the gender pay gap in other service activities changed the most, from −18.4% in 2023 to 14.8% in 2024. Last year, the gender pay gap was negative only in one activity – transportation and storage (−7.1%). “It means that

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

Kuupäev 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

The economy contracted by 0.7% in Q3

Kuupäev 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

In the last quarter of 2023, the average monthly gross wages were 1,904 euros

Kuupäev 06.03.2024
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  3. In the last quarter of 2023, the average monthly gross wages were 1,904 euros
According to Statistics Estonia, in the fourth quarter of 2023, the average monthly gross wages and salaries were 1,904 euros, which is 9.7% higher than in the same quarter the year before. In 2023 as a whole, the average monthly gross wages and salaries were 1,832 euros, up by 11.3% compared with 2022. The median monthly gross wages were 1,578 euros in the fourth quarter of 2023 and 1,501 euros in 2023 overall.

The economy contracted by 1% in Q2

Kuupäev 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.

In the third quarter, the average monthly gross wages and salaries were 1,812 euros, median wages 1,500 euros

Kuupäev 24.11.2023
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  3. In the third quarter, the average monthly gross wages and salaries were 1,812 euros, median wages 1,500 euros
According to Statistics Estonia, in the third quarter of 2023, the average monthly gross wages and salaries were 1,812 euros, which is 10.4% higher than in the same quarter last year. The median wages were 1,500 euros, which is 11.2% more than in the third quarter last year.

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