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Telecommunications, computer and information services had the biggest trade surplus in the second quarter

Date 10.09.2024
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  3. Telecommunications, computer and information services had the biggest trade surplus in the second quarter
According to Statistics Estonia and Eesti Pank, in the second quarter of 2024, Estonia’s exports and imports of services both grew by 3%. Exports of services totalled 3.1 billion euros and imports of services 2.3 billion euros at current prices. The balance of foreign trade in services was in surplus by 802 million euros, which is 39 million euros more than in the second quarter last year.

The dwelling price index in Q3 down by 0.5% from Q2

Date 20.12.2024
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  3. The dwelling price index in Q3 down by 0.5% from Q2
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

In manufacturing, prices have risen for several months in a row

Date 20.12.2024
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  3. In manufacturing, prices have risen for several months in a row
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

Estonia spent nearly 715 million euros on environmental protection in 2022

Date 13.12.2024
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  3. Estonia spent nearly 715 million euros on environmental protection in 2022
Environmental protection expenditure accounts reflect the measures and expenditures targeted at the prevention, reduction or elimination of pollution. National expenditure on environmental protection is calculated as a sum of current expenditure and capital expenditure (investments) on environmental protection activities, after deducting transfers from the rest of the world. Kaia Oras, leading expert at Statistics Estonia, noted that nearly half of the environmental protection expenditure in 2022 was made up of expenditures on waste management (347 million euros). “Expenditure on waste

Retail trade volume down by 1% year on year

Date 02.01.2025
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  3. Retail trade volume down by 1% year on year
Johanna Linda Pihlak, analyst at Statistics Estonia, pointed out that the decline in the volume of retail trade turnover in November was most affected by grocery stores, as their turnover volume decreased by 4% year on year. “The turnover volume of stores selling manufactured goods, however, continued to grow in November, increasing by 2% compared with the same period last year,” Pihlak noted. Among stores selling manufactured goods, the biggest increase at 15% was registered in the turnover volume of other specialised stores selling predominantly computers and their accessories, books, sports

Exports of goods in particular rose in July

Date 09.09.2024
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  3. Exports of goods in particular rose in July
According to Statistics Estonia, in July 2024, Estonia’s exports of goods increased by 5% and imports by 1% compared with July 2023. Exports of goods amounted to over €1.3 billion and imports to nearly €1.7 billion at current prices. The trade deficit was €321 million, which is €59 million less than in July last year.

Food prices increased in November, fuel and electricity prices decreased

Date 06.12.2024
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  3. Food prices increased in November, fuel and electricity prices decreased
Lauri Veski, team lead of consumer price statistics at Statistics Estonia, said that the fall in the consumer price index in November compared with October was mainly due to cheaper international flights and holiday trips, which had been priced higher in October due to the school holidays. “The index was also affected by rent and electricity being cheaper than in October. Compared with November last year, the index was driven up the most by price increases related to food products and phone services,” explained Veski. Among food products, there has been a significant rise in the prices of non

Trade in goods decreased in June as well as in the first six months overall

Date 09.08.2024
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  3. Trade in goods decreased in June as well as in the first six months overall
According to Statistics Estonia, in June 2024, Estonia’s exports of goods decreased by 14% and imports by 11% compared with June 2023. Exports of goods amounted to nearly 1.4 billion and imports to more than 1.6 billion euros at current prices. The trade deficit was 268 million euros, which is 20 million more than in June last year.

The producer price index rose by 0.2% in October year on year

Date 20.11.2024
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  3. The producer price index rose by 0.2% in October year on year
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

Share of environmental goods and services sector in GDP up by a quarter in eight years

Date 01.11.2024
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  3. Share of environmental goods and services sector in GDP up by a quarter in eight years
Kaia Oras, a leading expert at Statistics Estonia, explained that the growth in demand for environmental goods and services has been due to both increased awareness of environmental problems as well as higher environmental and energy saving requirements, especially in construction. “The rapid growth in energy-efficient new construction and reconstruction of buildings has a huge impact. Together, these generated €1.5 billion in output,” Oras added. Among the energy produced from renewables, electricity and heat production from renewable energy sources accounted for €482.2 million and the

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