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“In the third quarter of this year, the percentage change in wages and salaries remained at the same level as in the previous quarter. However, in the third quarter of 2024, wage growth was 8.1%, which means that the year-on-year growth in wages and salaries slowed down,” said Sigrid Saagpakk, analyst at Statistics Estonia. She added that, in the second quarter, employees usually receive more bonuses (such as holiday pay), which is why the average wages and salaries in the third quarter are typically lower than in the second quarter. In the third quarter, the average monthly gross wages and

According to Statistics Estonia, in 2012, 36,176 purchase-sale transactions of real estate in the total value of 1.7 billion euros were notarised. In 2012, the number of transactions increased by 12% compared to 2011 and the total value of transactions increased by 13%.

“According to the GDP flash estimate, the economic recovery continued in the second quarter at a pace similar to the growth seen in the first quarter,” said Robert Müürsepp, the National Accounts Service Manager at Statistics Estonia. Compared with the first quarter of 2026, the seasonally and working-day adjusted GDP grew by 0.4% according to the flash estimate. What is a flash estimate of GDP? The official data on GDP for the second quarter of 2026 will be published by Statistics Estonia on 31 August, but based on the information already available, it is possible to assess the overall

Robert Müürsepp, the National Accounts Service Manager at Statistics Estonia, said that the Estonian economy grew for the fifth quarter in a row. “In the second quarter, two thirds of the economic activities made a positive contribution to the GDP. Similarly to the first quarter, manufacturing was the biggest driver of economic growth as its value added grew by 6.5%. It was followed by agriculture, forestry and fishing where the increase in value added was 168% due to the exceptionally low reference base of last year. In construction, value added was up by 7.5%,” said Müürsepp. A considerable

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.

The construction price index expresses the change in construction expenditures taking into consideration the price changes of three basic inputs: labour force, building machines, and building materials. The calculation of the construction price index covers four groups of buildings: detached houses, blocks of flats, industrial buildings, and office buildings. The repair and reconstruction work price index covers office buildings. Ülo Paulus, leading analyst at Statistics Estonia, said that the 4.4% increase in material prices, which was due to imported raw materials, was the biggest

Robert Müürsepp, team lead of national accounts at Statistics Estonia, said that although the economy has shown slight growth for two consecutive quarters, the contribution of most sectors has remained insignificant. “Manufacturing was the biggest positive contributor to GDP in the third quarter, with its value added growing by 7.9%. The last time this sector performed so well was in the fourth quarter of 2021. However, it must be noted that production figures were still modest,” noted Müürsepp. In addition to manufacturing, the largest positive contributors to the economy were the energy

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.

Robert Müürsepp, the National Accounts Service Manager at Statistics Estonia, said that the flash estimate indicates a slight improvement in the economy compared with the fourth quarter of 2024, while the trend was unchanged compared with the third quarter of 2025. “The seasonally and working-day adjusted GDP remained at the same level as in the third quarter,” added Müürsepp. What is the flash estimate of GDP? The official data on GDP for the fourth quarter of 2025 will be published on 2 March, but it is possible to assess the overall economic trend based on the information already available

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.