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According to Statistics Estonia, the average monthly gross wages and salaries in the first quarter of 2024 were €1,894, which is 8.8% higher than in the same quarter the year before. The median wages were €1,553 in the first quarter of this year and €1,424 in the same quarter of 2023.

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

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

According to Statistics Estonia, in the second quarter of 2024, the dwelling price index increased by 6.7% compared with the same period in 2023 and by 2.8% compared with the first quarter of 2024.

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 the first quarter of 2024, the dwelling price index increased by 2% compared with the fourth quarter of 2023 and by 7.8% compared with the first quarter of 2023.

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's survey on information technology, the use of artificial intelligence-based technologies has risen significantly in 2024 compared with the previous year, and cyber security has become increasingly important. 5% of enterprises used at least one AI technology in 2023, whereas in 2024, this figure has risen to 14%. Of large enterprises, 10% said they had experienced a disclosure of confidential data.

According to Statistics Estonia, in the fourth quarter of 2023, the average monthly gross wages and salaries were 1,904 euros, which is 9.7% higher than in the same quarter the year before. In 2023 as a whole, the average monthly gross wages and salaries were 1,832 euros, up by 11.3% compared with 2022. The median monthly gross wages were 1,578 euros in the fourth quarter of 2023 and 1,501 euros in 2023 overall.