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Estonia’s economy fared better in 2025 than in the two preceding years

Kuupäev 02.03.2026
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  3. Estonia’s economy fared better in 2025 than in the two preceding years
Robert Müürsepp, the National Accounts Service Manager at Statistics Estonia, said that 2025 was a better year for the Estonian economy than the previous two years. “The GDP showed growth in the last three quarters, and the annual GDP growth was 0.6%,” he added. Manufacturing was the biggest contributor to economic growth in Q4 Similarly to the third quarter, the contribution of most economic activities to the GDP remained modest. Manufacturing was the biggest positive contributor, as its value added increased by 13.3%. Information and communication also had a significant impact – its value

Dwelling price index up by 3% in the first quarter

Kuupäev 19.06.2025
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  3. Dwelling price index up by 3% in the first quarter
In the first quarter, the prices of apartments rose by 2.7% and the prices of houses by 8.9% compared with the same quarter last year. Märt Umbleja, leading analyst at Statistics Estonia, said that, compared with the previous quarter, apartment prices went up by 1.8% and the prices of houses by 5.4% in the first quarter of 2025. “Compared with the fourth quarter of 2024, square metres prices remained at the same level only for apartments in Tallinn city. Prices increased for apartments in areas bordering Tallinn and in Tartu and Pärnu cities, and in the rest of Estonia – apartment prices in

Retail trade volume down by 4% in May

Kuupäev 28.06.2024
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  3. Retail trade volume down by 4% in May
According to Statistics Estonia, in May 2024, the turnover of retail trade enterprises was 898 million euros. Compared with May 2023, the volume of retail trade turnover fell by 4%.

HICP flash estimate: prices up by 1.3% in February

Kuupäev 03.03.2025
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  3. HICP flash estimate: prices up by 1.3% in February
Lauri Veski, team lead of consumer price statistics at Statistics Estonia, said that the exchange prices of electricity had the biggest influence on the harmonised index of consumer prices compared with the previous month as well as with February last year. “Compared with February 2024, prices have increased across almost all categories of goods and services. Clothing and footwear are the only exception, as their prices were down by 1.6% year on year,” said Veski. The consumer price index uses weights reflecting the average expenditure structure of Estonian residents, while the harmonised

In May, electrical equipment was the most exported commodity, while agricultural products and food preparations were the top commodities in imports

Kuupäev 10.07.2025
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  3. In May, electrical equipment was the most exported commodity, while agricultural products and food preparations were the top commodities in imports
Jane Leppmets, foreign trade analyst at Statistics Estonia, said that, in May, the changes in intra-EU trade were marginal – exports were up by 3% and imports down by 1%. “In extra-EU trade, exports of goods decreased by 2% while imports increased by 54% compared with May last year. The latter was influenced by a large-scale transaction in the defence sector,” noted Leppmets. In May, exports to Singapore grew the most and exports to Russia fell the most The main commodities exported in May were electrical equipment (15% of Estonia’s total exports), agricultural products and food preparations

The economy grew by 0.9% in the second quarter

Kuupäev 29.08.2025
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  3. The economy grew by 0.9% in the second quarter
Robert Müürsepp, the national accounts team lead at Statistics Estonia, said that there was modest economic growth in the second quarter of 2025. The last time that the GDP grew was in the second quarter of last year. “About half of economic activities contributed positively to the GDP, with the biggest contribution coming from the energy sector where value added grew by 43%. In real estate activities, value added increased by 5.4%. The biggest negative contributors were construction, with a 9.3% decline in value added, and transportation and storage, where value added decreased by 11%,” noted

Economic downturn accelerated again in the third quarter

Kuupäev 30.11.2023
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  3. Economic downturn accelerated again in the third quarter
In the third quarter of 2023, the gross domestic product (GDP) decreased by 3.9% compared with the same quarter of 2022. The GDP at current prices amounted to 9.4 billion euros.

Retail trade volume fell by 4% in March

Kuupäev 30.04.2024
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  3. Retail trade volume fell by 4% in March
According to Statistics Estonia, in March 2024, the turnover of retail trade enterprises was 851 million euros. Compared with March 2023, the volume of retail trade turnover* fell by 4%.

Decline in retail trade volume in April was most affected by grocery stores

Kuupäev 30.05.2024
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  3. Decline in retail trade volume in April was most affected by grocery stores
According to Statistics Estonia, in April 2024, the turnover of retail trade enterprises was €842 million. Compared with April 2023, the volume of retail trade turnover fell by 3%.

Retail trade turnover has been falling for 18 months

Kuupäev 28.03.2024
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  3. Retail trade turnover has been falling for 18 months
According to Statistics Estonia, in February 2024, the turnover of retail trade enterprises was 739 million euros. Compared with February 2023, turnover fell by 3% at constant prices.

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