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According to Statistics Estonia, in the first quarter of 2024, the gross domestic product (GDP) decreased by 2.4% compared with the same period of 2023. The GDP at current prices amounted to 8.9 billion euros.

Tea Vassiljeva, analyst at Statistics Estonia, noted that the unemployment rate fell by 0.2 percentage points compared with the second quarter. “The number of the unemployed was 56,300 in the third quarter, and it has been slowly declining since the beginning of the year, but there were still 1,500 more unemployed persons than in the third quarter of 2023,” she said. Compared with the second quarter of 2024, the number of unemployed persons was down by 1,500 in the third quarter. Unemployment fell particularly among men and young people aged 15–24. “There were 2,300 fewer unemployed people in

According to Statistics Estonia, in the fourth quarter of 2023, there were 9,199 job vacancies in the enterprises, institutions and organisations of Estonia. This is 18.5% less than in the same quarter last year. A little over 7,000 persons left their job at the initiative of the employer.

According to Statistics Estonia, in the second quarter of 2024, the unemployment rate was 7.6%, the employment rate was 69.7%, and the labour force participation rate was 75.4%.

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 0.3% in April 2024 compared with March and decreased by 2.9% compared with April last year.

Jane Leppmets, foreign trade analyst at Statistics Estonia, said that compared with October 2023, the growth in foreign trade in October 2024 was the highest this year. “Re-exports of goods increased by 5% in October, while exports of goods of Estonian origin grew by as much as 17%. The share of goods of Estonian origin in total exports was also up from October last year, accounting for 66% in October 2024. Wood and articles of wood as well as electrical equipment of Estonian origin were the most exported items. The exports of these goods also increased the most,” Leppmets pointed out. The

According to Statistics Estonia, exports of goods in 2023 decreased by 16% and imports by 17% compared with the year before. Exports of goods amounted to 18 billion and imports to 21 billion euros at current prices. The trade deficit was 3 million euros, which is 695 million euros lower than in 2022.