Search results

Lauri Veski, team lead of consumer price statistics at Statistics Estonia, said that the biggest impact on the consumer price index in 2024 came from price increases related to food and non-alcoholic beverages, which accounted for 23.7% of the total index rise. The prices of food and non-alcoholic beverages rose by 3.2% last year. “Among food products, the biggest rise occurred in the prices of olive oil (44%) and juices and syrups (36.7%). The prices of chocolate also went up significantly (14.5%). On the other hand, there was a considerable decrease in the prices of sugar (18%) and fresh

According to Statistics Estonia and Eesti Pank, in the fourth quarter of 2022, Estonia’s exports of services grew by 12% and imports by 25% at current prices compared with the fourth quarter in 2021. Services were sold to non-residents for a total of 3 billion and purchased for 2.2 billion euros. The balance of foreign trade in services was therefore in surplus by 765 million euros in the fourth quarter, which is 125 million euros less than in the same period a year earlier. In 2022 as a whole, exports of services grew by 31% and imports by 19%.

According to Statistics Estonia, in May, the consumer price index increased by 0.1% compared with April and by 2.9% compared with May 2023. Goods were 2.6% and services 3.3% more expensive than in May last year.

According to Statistics Estonia and Eesti Pank, in the first quarter of 2023, Estonia’s exports of services grew by 15% and imports by 11% at current prices compared with the first quarter of 2022.

According to Statistics Estonia and Eesti Pank, in the second quarter of 2022, Estonia’s exports of services grew by 32% while imports of services fell by 5% year on year. In the second quarter of this year, Estonia’s exports of services totalled 2.5 billion euros and imports of services 1.8 billion euros.

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.

According to Statistics Estonia, in the third quarter of 2022, the gross domestic product (GDP) fell by 2.4% year on year. The GDP at current prices was 9.3 billion euros.

According to Statistics Estonia, the gross domestic product (GDP) decreased by 2.9% in the second quarter of 2023 compared with the same quarter a year earlier. The GDP at current prices amounted to 9.4 billion euros.

Jane Leppmets, foreign trade analyst at Statistics Estonia, said that the upward trend in foreign trade, which started in the second half of 2024, continued in January this year. “In intra-EU trade, exports were up by 11% and imports by 9%. In extra-EU trade, the rise was 19% in exports and as much as 57% in imports. Exports to non-EU countries were mainly influenced by greater exports of goods to the United States, and imports from these countries were boosted by increased imports from Turkey,” added Leppmets. In January, the biggest increase occurred in exports of mineral products The main

Helle Bunder, leading analyst at Statistics Estonia, said that the volume of production in manufacturing decreased in 2024 as a whole but there were signs of improvement at the end of the year. “Manufacturing output started to grow in October and November but fell a little in December,” explained Bunder. Last year, production volume declined in two thirds of the 23 manufacturing activities. Looking at the larger industries, there was an increase in output in the manufacture of food products (5.1%), rubber and plastic products (0.7%) and other transport equipment (11.3%), and also in the repair