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General government deficit and debt increased last year

Kuupäev 25.03.2024
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  3. General government deficit and debt increased last year
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.

Construction price index up by 1.4% compared with the second quarter of last year

Kuupäev 22.07.2025
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  3. Construction price index up by 1.4% compared with the second quarter of last year
Ülo Paulus, leading analyst at Statistics Estonia, pointed out that in the second quarter, compared with the same period in 2024, the construction price index was primarily influenced by the increase in wages of workers, which accounted for 37% of the index change. However, the impact of wage growth on the change in the index was 5.5 percentage points lower than last year. “Compared with the first quarter of 2025, labour force was 0.1% more expensive, whereas the cost of using building machines and the price of building materials each increased by 1.2%. The rise in the cost of machinery was

The Estonian economy contracted by 1.3% last year

Kuupäev 01.03.2023
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  3. The Estonian economy contracted by 1.3% last year
According to the preliminary data of Statistics Estonia, in the fourth quarter of 2022, the gross domestic product (GDP), which shows how the Estonian economy is doing, declined by 4.1% compared with the same period of 2021. The GDP at current prices was 10 billion euros.

The economy contracted by 1% in Q2

Kuupäev 30.08.2024
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  3. The economy contracted by 1% in Q2
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.

The rise in construction prices in the first quarter was curbed by the lower cost of materials

Kuupäev 22.04.2025
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  3. The rise in construction prices in the first quarter was curbed by the lower cost of materials
Ülo Paulus, leading analyst at Statistics Estonia, said that in the first quarter of this year, compared with the same period in 2024, the construction price index was primarily influenced by the 2.9% increase in employees’ wages, which accounted for 54% of the index change. “Compared with the fourth quarter of last year, labour force was 0.6% more expensive and the cost of using building machines rose by 0.3%, while the prices of building materials were down by 0.2%,” explained Paulus. The repair and reconstruction work price index decreased by 0.5% compared with the fourth quarter of 2024

Economic downturn accelerated again in the third quarter

Kuupäev 30.11.2023
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  3. Economic downturn accelerated again in the third quarter
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.

People are travelling more, domestic trips have become more expensive

Kuupäev 29.03.2022
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  2. People are travelling more, domestic trips have become more expensive
In 2021, Estonian residents made 575,000 outbound overnight trips, which is 3% more than the year before. The number of overnight domestic trips was nearly 2.3 million – this is 6% more than in 2020. Last year, the expenditures on outbound trips amounted to over 495 million euros and the expenditures on domestic trips to more than 402 million euros.

Household Budget Survey starts in December

Kuupäev 04.12.2018
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  3. Household Budget Survey starts in December
On Sunday, 9 December, Statistics Estonia launches the Household Budget Survey, to collect data from households on their daily expenditure and consumption. The survey runs until the end of 2019.

In January, electricity had the biggest impact on the consumer price index

Kuupäev 07.02.2022
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  2. In January, electricity had the biggest impact on the consumer price index
According to Statistics Estonia, in January 2022, the consumer price index changed by -0.1% compared to December 2021 and by 11.3% compared to January 2021. Goods were 9.0% and services 16.0% more expensive than in January last year.

Households spent more on food, housing and household equipment but cut down on other expenses

Kuupäev 05.05.2021
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  2. Households spent more on food, housing and household equipment but cut down on other expenses
According to Statistics Estonia, in 2020, the average expenditure per household member in a month was 477 euros, which is 12 euros less than in 2019. Compulsory expenditure, i.e. unavoidable food and housing expenses in the household budget, increased by seven euros year on year.

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