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Jane Leppmets, analyst at Statistics Estonia, noted that, compared with 2024, exports of services to European Union countries increased by 4% in the first quarter of this year, while imports from these countries grew by 8%. Exports of services to non-EU countries rose by 6% and imports from these countries increased by 18%. “The latter was mainly due to higher imports of services from Cyprus, the United Kingdom, and the United States. In the first quarter, the largest import items were other business services from Cyprus, transport services from the United Kingdom, and telecommunications

Eveli Šokman, team lead of producer price statistics at Statistics Estonia, said that producer prices in manufacturing as a whole increased for the second month in a row – by 0.7% in October and by 0.8% in September. “Compared with October 2023, the producer price index was most affected by higher prices in the manufacture of wood and wood products, in the repair of machinery and equipment, and in the manufacture of electronic equipment. Falling prices in the manufacture of fuel oils and in electricity and heat energy production had the opposite effect on the index. Producer prices in the

Eveli Šokman, team lead of producer price statistics at Statistics Estonia, said that, compared with November 2023, the producer price index was most affected by price decreases in electricity and heat energy production and in the manufacture of fuel oils and fabricated metal products. “Increased prices in the manufacture of wood and wood products, in the repair of machinery and equipment, and in the manufacture of food products had the opposite effect on the index, so that prices in manufacturing as a whole rose by 1.1% in November. In manufacturing, prices have increased for several months

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.

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

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 0.7% in June 2024 compared with May and decreased by 0.5% compared with June last year.

Robert Müürsepp, the national accounts team lead at Statistics Estonia, said that the fourth quarter marked the end of 10 quarters of recession. “The last time the GDP grew was in the first quarter of 2022,” Müürsepp noted. In contrast to previous quarters, the majority of activities had a positive impact on the economy. “The energy sector led the way, with value added increasing by 21%. This was followed by real estate activities and information and communication – both saw their value added rise by 5.7%. Notably, manufacturing also recovered from the crisis, growing by 0.5%. The value added

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 0.4% in July 2024 compared with June and by 0.8% compared with July last year.

According to Statistics Estonia, exports of goods increased by 17% and imports by 23% in 2022 compared with 2021. In December 2022, both exports as well as imports remained at the level of 2021.

According to Statistics Estonia, the gross domestic product (GDP) of Estonia grew 4.2% in the 3rd quarter of 2019 compared to the same period of the previous year. The Estonian GDP was 7 billion euros at current prices.