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Economy grew by 1.2% in Q4 of 2024

Date 03.03.2025
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  3. Economy grew by 1.2% in Q4 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

Foreign trade grew by 14% in Q1, growth slowed down in Q2

Date 11.08.2025
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  3. Foreign trade grew by 14% in Q1, growth slowed down in Q2
“In the first half of 2025, foreign trade in goods increased by 9%. Exports of goods amounted to nearly €9.3 billion and imports to almost €11.1 billion at current prices,” said Jane Leppmets, foreign trade analyst at Statistics Estonia. “The main commodities exported in the first half of the year were electrical equipment, agricultural products and food preparations, and wood and articles of wood. The main commodities imported were transport equipment, agricultural products and food preparations, and electrical equipment,” Leppmets noted, adding that the top export and import partners in the

In May, exports of goods grew by 9% and imports by 4%

Date 10.07.2026
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  3. In May, exports of goods grew by 9% and imports by 4%
The trade deficit was 224 million euros, which is 63 million euros less than in May 2025. Jane Leppmets, foreign trade statistics analyst at Statistics Estonia, said that intra-EU exports of goods were up by 13% and intra-EU imports grew by 9%. “There was a decline in extra-EU trade with exports decreasing by 3% and imports by 16%. The fall in extra-EU imports of goods was influenced by the high reference base of May last year, which was due to large-scale transactions in the defence sector in May a year ago,” explained Leppmets. Goods of Estonian origin represented 62% of total exports Re

Average wages and salaries rose by 8.1% last year

Date 06.03.2025
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  3. Average wages and salaries rose by 8.1% last year
Sigrid Saagpakk, analyst at Statistics Estonia, said that the average monthly gross wages and salaries in 2024 were the highest in Tallinn (€2,325) and in Harju (€2,218) and Tartu (€1,995) counties. “Compared with 2023, the biggest increase in wages and salaries was seen in Hiiu (9.9%) and Ida-Viru (9.7%) counties. Wages and salaries rose by more than 6.5% in all Estonian counties,” the analyst stated. The highest average wages and salaries in 2024 were found in information and communication, at €3,484. “This was followed by financial and insurance activities (€3,127) and electricity, gas

In 2025, exports of goods increased by 7% and imports by 8%

Date 09.02.2026
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  3. In 2025, exports of goods increased by 7% and imports by 8%
Jane Leppmets, analyst at Statistics Estonia, said that foreign trade in goods grew in each quarter of 2025. “Exports and imports showed the biggest growth in the first quarter, when they were up by 14% and 15%, respectively. The rate of growth was more moderate in the following quarters but still remained at 3% to 8% for exports and at 6% for imports,” she added. Exports of goods of Estonian origin grew by 4% last year The main commodities exported in 2025 were electrical equipment (15% of Estonia’s total exports), agricultural products and food preparations (13%) and wood and articles of

Higher prices of wood products had the biggest impact on the producer price index in March

Date 21.04.2025
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  3. Higher prices of wood products had the biggest impact on the producer price index in March
Eveli Šokman, team lead of producer price statistics at Statistics Estonia, said that, compared with March 2024, the producer price index was most affected by price increases in the manufacture of wood and wood products, in electricity production, and in the manufacture of food products. “Falling prices in the manufacture of fuel oils, paper and paper products, and furniture had the opposite effect on the index. Producer prices increased by 1.9% in manufacturing as a whole and by 2.7% in the manufacture of food products,” Šokman added. Compared with February, the producer price index in March

In February, the industrial producer price index was affected the most by the rising price of electricity

Date 20.03.2025
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  3. In February, the industrial producer price index was affected the most by the rising price of electricity
Eveli Šokman, team lead of producer price statistics at Statistics Estonia, said that, compared with February 2024, the producer price index was most affected by price increases in electricity production, in the manufacture of wood and wood products, and the manufacture of food products. “Falling prices in the manufacture of fabricated metal products, paper and paper products, and furniture had the opposite effect on the index. Producer prices increased by 2.3% in manufacturing as a whole and by 2.9% in the manufacture of food products,” Šokman added. Compared with January, the producer price

HICP flash estimate: prices down by 0.3% in March

Date 01.04.2025
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  3. HICP flash estimate: prices down by 0.3% in March
Lauri Veski, team lead of consumer price statistics at Statistics Estonia, said that preliminary data from the harmonised index of consumer prices indicate that prices have risen across almost all categories of goods and services compared with March 2024. “Clothing and footwear are again the only exception, as their prices were down by 3.6%,” noted Veski. The consumer price index uses weights reflecting the average expenditure structure of Estonian residents, while the harmonised index of consumer prices also takes into account tourists and is comparable to the international HICP. The consumer

Retail trade volume down by 3% last year

Date 31.01.2025
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  3. Retail trade volume down by 3% last year
Johanna Linda Pihlak, analyst at Statistics Estonia, noted that the biggest decline at 4% was registered in the turnover volume of stores selling manufactured goods. In grocery stores, the volume of turnover was down by 3%. “However, the turnover volume of enterprises engaged in the retail sale of automotive fuel increased by 2% last year,” added Pihlak. Retail trade volume turned to growth again in the last month of the year. “The turnover of retail trade enterprises was €1 billion in December 2024, and compared with the same month in 2023, turnover volume was up by 1%,” Pihlak pointed out

In July, the consumer price index rose by 0.6% compared with June

Date 07.08.2025
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  3. In July, the consumer price index rose by 0.6% compared with June
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

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