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According to the preliminary* data of Statistics Estonia, in 2023, the Estonian general government deficit was 3.4% and the debt level was 19.6% of the gross domestic product (GDP). At the end of last year, the total expenditures of the general government exceeded revenues by 1.3 billion euros.

Lauri Veski, team lead of consumer price statistics at Statistics Estonia, said that the consumer price index in July was up by 0.6% compared with June and by 5.4% year on year. “The last time the year-on-year change in the index was this high was in July 2023, when it stood at 6.4%. Compared with July 2024, the index was affected the most by the 9.1% higher prices of food products. The year-on-year increase in healthcare costs (10.5%) is mainly due to the price lists of healthcare services, which were updated in April,” Veski said, adding that a year-on-year fall was registered in the prices

In the third quarter of 2023, the gross domestic product (GDP) decreased by 3.9% compared with the same quarter of 2022. The GDP at current prices amounted to 9.4 billion euros.