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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

Robert Müürsepp, team lead of national accounts at Statistics Estonia, noted that the economy, which has been falling for ten quarters in a row, is showing signs of improvement, but the biggest changes are still on the negative side. “Among the activities, construction had a strong negative impact on the economy, as did manufacturing. The biggest positive contributor after two years was again information and communication, where value added grew by 7.3%,” Müürsepp stated. Real estate activities and agriculture, forestry and fishing also made larger positive contributions to the economy. The

Eveli Šokman, team lead of producer price statistics at Statistics Estonia, said that, compared with March 2024, the producer price index was most affected by price increases in the manufacture of wood and wood products, in electricity production, and in the manufacture of food products. “Falling prices in the manufacture of fuel oils, paper and paper products, and furniture had the opposite effect on the index. Producer prices increased by 1.9% in manufacturing as a whole and by 2.7% in the manufacture of food products,” Šokman added. Compared with February, the producer price index in March

Eveli Šokman, team lead of producer price statistics at Statistics Estonia, said that, compared with December 2023, the producer price index was most affected by price increases in the manufacture of wood and wood products, repair of machinery and equipment, and manufacture of food products. “Falling prices in electricity and heat energy production and in the manufacture of fabricated metal products and electrical equipment had the opposite effect on the index. Producer prices increased by 1.9% in manufacturing as a whole and by 2.6% in the manufacture of food products,” Šokman pointed out

Märt Umbleja, leading analyst at Statistics Estonia, pointed out that the last time the dwelling price index fell compared with the previous quarter was in the third quarter of 2023. “Compared with the second quarter of 2024, the prices of apartments decreased by 1% in areas bordering Tallinn and in Tartu and Pärnu cities, and by 7.7% in the rest of Estonia. In Tallinn, apartment prices continued to rise, increasing by 0.9% from the previous quarter,” Umbleja noted. Compared with the third quarter of 2023, apartment prices went up by 5.8% and the prices of houses by 8.1%. The monetary volume

Eveli Šokman, team lead of producer price statistics at Statistics Estonia, said that, compared with April 2024, the producer price index was most affected by price increases in the manufacture of wood and wood products, in electricity and heat energy production, and in the manufacture of food products. “Falling prices in the manufacture of fuel oils and paper and paper products had the opposite effect on the index. Producer prices increased by 1.0% in manufacturing as a whole and by 3.0% in the manufacture of food products,” Šokman added. Compared with March, the producer price index in April

Helle Bunder, leading analyst at Statistics Estonia, pointed out that year-on-year growth in the output of the mining industry in September was mainly driven by peat production, while the increase in energy production was due to growth in electricity production. “In manufacturing, the volume of industrial production was down in slightly more than half of the manufacturing activities. Among the larger industries, output decreased by 11% in the manufacture of wood and by 13.5% in the manufacture of motor vehicles, trailers and semi-trailers,” Bunder added. Looking at the larger industries, the

Robert Müürsepp, team lead of national accounts at Statistics Estonia, said that the preliminary estimate shows signs of improvement in the Estonian economy in the fourth quarter of last year. “There was no more major recession, as the seasonally and working-day adjusted GDP remained unchanged from the third quarter of 2024. Compared with the fourth quarter of 2023, the economy contracted only slightly,” noted Müürsepp. Statistics Estonia will publish GDP data for the fourth quarter of 2024 on 3 March . See also the GDP flash estimate in the statistical database . Learn more about national

“Looking at the wage change trend, wage growth is still slower now than in 2023,” said Sigrid Saagpakk, analyst at Statistics Estonia. Average wages in seven groups of economic activities are higher than the national average Saagpakk stated that the average monthly gross wages and salaries in the third quarter of 2024 were the highest in information and communication (€3,506), financial and insurance activities (€3,068), and electricity, gas, steam and air conditioning supply (€2,540). The lowest average monthly gross wages and salaries were seen in accommodation and food service (€1,285)

The turnover volume declined in stores selling manufactured goods and grocery stores, as well as in enterprises engaged in the retail sale of automotive fuel. Johanna Linda Pihlak, analyst at Statistics Estonia, pointed out that taking into account the data for August, the turnover volume of retail trade enterprises has been falling for 24 months in a row now. “The drop in the volume of retail trade turnover in August was mainly due to stores selling manufactured goods and grocery stores, as the turnover volume of each decreased by 4% year on year,” Pihlak added. Among stores selling