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The 2024 major revision of Estonia’s GDP has been completed

Kuupäev 16.08.2024
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  3. The 2024 major revision of Estonia’s GDP has been completed
Statistics Estonia has revised the entire time series of gross domestic product (GDP) starting from 1995. During the revision, updated basic data sources were incorporated and methodological improvements were made.

Volume of retail trade turnover down by 4% in September

Kuupäev 31.10.2024
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  3. Volume of retail trade turnover down by 4% in September
Johanna Linda Pihlak, analyst at Statistics Estonia, said that the decline in the volume of retail trade turnover in September was mainly due to stores selling manufactured goods, as their turnover volume decreased by 6% year on year. “Among stores selling manufactured goods, the biggest decline at 10% was registered in the turnover volume of other specialised stores selling predominantly computers and their accessories, books, sports equipment, games, toys, etc., and also in the turnover volume of stores selling household goods and appliances, hardware and building materials,” added Pihlak

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

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Construction volume down by 5% in the third quarter

Kuupäev 27.11.2024
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  3. Construction volume down by 5% in the third quarter
In the third quarter, the total production value of Estonian construction enterprises was 1,127 million euros, including 686 million euros’ worth of building construction and 441 million euros’ worth of civil engineering. Compared with the third quarter of last year, the volume of building construction fell by 4%, and the volume of civil engineering works (roads, bridges, port facilities, pipelines, communication and electricity lines, sports fields, etc.) by 7%. Merike Sinisaar, leading analyst at Statistics Estonia, noted that, in the third quarter, the domestic construction market was

In May, the consumer price index rose by 0.1% compared with April

Kuupäev 06.06.2025
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  3. In May, the consumer price index rose by 0.1% compared with April
Lauri Veski, team lead of consumer price statistics at Statistics Estonia, said that the consumer price index in May was almost unchanged compared with April but rose by 4.5% year on year. “Compared with May 2024, the index was affected the most by the 7.1% higher prices of food products. In transport, prices increased by 6.2%, mainly due to the motor vehicle tax introduced in January and price changes in passenger transport. New price lists for health services are in force from April, including an increased appointment fee for specialist medical care, which also affected the index year on

Estonian residents made 8% more domestic trips last year

Kuupäev 27.03.2025
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  3. Estonian residents made 8% more domestic trips last year
Piret Pukk, leading analyst at Statistics Estonia, said that Estonian residents have been travelling more in recent years but are still not making as many trips as before the pandemic, especially as concerns outbound trips. “Last year, the number of domestic trips was again over two times bigger than the number of outbound trips. In 2019, Estonian residents made 1.7 million overnight outbound trips and 3.5 million overnight domestic trips. In 2024, the number of trips abroad was 9% smaller than in 2019, while the number of domestic trips was almost back at the pre-pandemic level,” said Pukk

Construction price index up by 1.4% compared with the second quarter of last year

Kuupäev 22.07.2025
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  3. Construction price index up by 1.4% compared with the second quarter of last year
Ülo Paulus, leading analyst at Statistics Estonia, pointed out that in the second quarter, compared with the same period in 2024, the construction price index was primarily influenced by the increase in wages of workers, which accounted for 37% of the index change. However, the impact of wage growth on the change in the index was 5.5 percentage points lower than last year. “Compared with the first quarter of 2025, labour force was 0.1% more expensive, whereas the cost of using building machines and the price of building materials each increased by 1.2%. The rise in the cost of machinery was

In the third quarter, exports of services reached the highest level of recent years

Kuupäev 12.12.2022
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  3. In the third quarter, exports of services reached the highest level of recent years
According to Statistics Estonia and Eesti Pank, in the third quarter of 2022, Estonia’s exports of services grew by 32% and imports by 33% year on year. Estonia’s exports of services totalled 2.8 billion euros and imports of services 2.2 billion euros. The balance of foreign trade in services was in surplus by 568 million euros, which is 129 million euros more than in the same quarter last year.

Both exports and imports of services increased in the first quarter

Kuupäev 13.06.2023
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  3. Both exports and imports of services increased in the first quarter
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.

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