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Helle Bunder, leading analyst at Statistics Estonia, said that the volume of manufacturing production showed a modest increase in each month of the first quarter. “Manufacturing, which had been in a slump since summer 2022, started to show the first signs of recovery in October and November last year. This year has also started positively,” explained Bunder. In March, the volume of industrial production increased in more than half of manufacturing activities. Looking at the larger industries, there was an increase in output in the manufacture of electrical equipment (15.5%), fabricated metal

According to Statistics Estonia, in the second quarter of 2024, the gross domestic product (GDP) decreased by 1% compared with the same period of 2023. The GDP at current prices amounted to €9.8 billion.

According to Statistics Estonia, in November 2022, Estonia’s exports of goods at current prices remained at the same level and imports increased by 12% compared with November 2021.

In November 2021, 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 1.1% compared to October 2021 and by 19.1% compared to November 2020.

According to Statistics Estonia, in February 2022, Estonia’s exports of goods increased by 18% and imports by 35% compared to February 2021. The rise in imports was significantly influenced by the greater imports of electricity and mineral fuels.

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.

According to Statistics Estonia, in the first quarter of 2024, the gross domestic product (GDP) decreased by 2.4% compared with the same period of 2023. The GDP at current prices amounted to 8.9 billion euros.

In May 2022, 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 3.1% compared to April 2022 and by 33.7% compared to May 2021.

In March 2022, 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 3.0% compared to February 2022 and by 30.3% compared to March 2021.

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, rose by 1.3% in August compared with July 2022 and by 28.3% compared with August 2021.