Search results

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, in 2011, 32,486 purchase-sale transactions of real estate in the total value of 1.5 billion euros were notarised. During the last two years the number of transactions of real estate market has increased. Compared to 2006, the boom year, the number of transactions with registered immovable and the number of dwellings in purchase-sale has decreased by a half.

According to Statistics Estonia, in the fourth quarter of 2023, there were 9,199 job vacancies in the enterprises, institutions and organisations of Estonia. This is 18.5% less than in the same quarter last year. A little over 7,000 persons left their job at the initiative of the employer.

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

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

According to Statistics Estonia, in 2011, the average monthly gross wages and salaries were 839 euros and increased by 5.9% compared to the previous year. The real wages also increased after the two years’ decrease.

Eveli Šokman, team lead of producer price statistics at Statistics Estonia, said that, compared with September 2023, the producer price index was most affected by price decreases in electricity and heat energy production and in the manufacture of fuel oils. “Rising prices in the manufacture of wood and wood products, repair of machinery and equipment, and manufacture of electronic equipment had the opposite effect on the index. Producer prices increased by 0.8% in manufacturing as a whole and decreased by 0.8% in the manufacture of food products,” Šokman noted. Compared with August 2024, the

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 1.0% in August 2024 compared with July and by 1.7% compared with August last year.

According to Statistics Estonia, in 2009, 26,550 purchase-sale transactions of real estate with the total value of 18 billion kroons were notarised. If in the three first quarters of the year the number of purchase-sale transactions was smaller compared to the corresponding quarters of 2008, then in the 4th quarter a growth took place.

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