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Article

Industrial production up by 2.3% in February

Date 04.04.2025
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  3. Industrial production up by 2.3% in February
Helle Bunder, leading analyst at Statistics Estonia, said that, in February, there was an increase in total industrial production as well as in the volume of manufacturing production. “The rise in manufacturing production was mainly due to the 7.3% increase in the manufacture of food products, where output was boosted significantly by the manufacture of milk and manufacture of other food products, including sugar, sugar confectionery, prepared meals, tea and coffee, and spices,” explained Bunder. In February, the volume of industrial production increased in nearly half of manufacturing

1,369,285 people: Estonia's population decreased according to preliminary data

Date 16.01.2025
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  3. 1,369,285 people: Estonia's population decreased according to preliminary data
Terje Trasberg, leading analyst at Statistics Estonia, said that 2024 was similar to 2023. “Last year, almost 6,000 more people died than were born. Immigration exceeded emigration by 550 people. While in the last two years, positive net migration compensated for the exceptionally low number of births, in 2024 the population as a whole also declined by more than 5,000 people,” Trasberg explained. Number of births continues to drop The analyst noted that the decline in births accelerated further in 2024 compared with 2023. “9,646 babies were born in 2024, which is more than 1,000 fewer than the

Inflation reduced GDP growth to just 0.6% in the second quarter

Date 31.08.2022
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  2. Inflation reduced GDP growth to just 0.6% in the second quarter
In the second quarter of 2022, the gross domestic product (GDP) grew by 0.6% year on year. The GDP at current prices was 9 billion euros.

The economy contracted by 2.4% due to rising prices

Date 30.11.2022
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  3. The economy contracted by 2.4% due to rising 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.

The consumer price index rose by 2.9% in May

Date 07.06.2024
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  3. The consumer price index rose by 2.9% in May
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.

Producer price index of industrial output down by 2.9% from last year (Corrected on 20.05.24)

Date 20.05.2024
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  3. Producer price index of industrial output down by 2.9% from last year (Corrected on 20.05.24)
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.

Volume of industrial production decreased by 4% in 2024

Date 06.02.2025
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  3. Volume of industrial production decreased by 4% in 2024
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

In November, the volume of industrial production was unchanged year on year

Date 06.01.2025
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  3. In November, the volume of industrial production was unchanged year on year
Helle Bunder, leading analyst at Statistics Estonia, said that, in November, the volume of industrial production increased in more than half of the manufacturing activities. “Looking at the larger industries, output increased in the manufacture of food products (7.8%), fabricated metal products (5.8%) and electrical equipment (20%) and, to a smaller degree, also in the manufacture of computers and electronic products (0.9%),” noted Bunder. She added that, among the major industries, there was a decrease in output in the manufacture of wood (3.4%) and motor vehicles, trailers and semi-trailers

In April, the rise in the consumer price index was the smallest of the last three years

Date 08.05.2024
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  3. In April, the rise in the consumer price index was the smallest of the last three years
According to Statistics Estonia, in April, the consumer price index increased by 0.9% compared with March and by 2.8% compared with April 2023. Goods were 2.4% and services 3.3% more expensive than in April last year.

Average wages and salaries rose last year, while real wages fell

Date 06.03.2023
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  3. Average wages and salaries rose last year, while real wages fell
In 2022, the average monthly gross wages and salaries in Estonian companies, institutions, and organisations were 1,685 euros, which is 8.9% more than in 2021. However, the average real wages decreased by 8.8% to 1,358 euros last year.

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