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Construction prices rose by 1.6% in 2024

Kuupäev 21.01.2025
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  3. Construction prices rose by 1.6% in 2024
Ülo Paulus, leading analyst at Statistics Estonia, said that the increase in the construction price index in 2024, compared with the average of 2023, was primarily due to wage growth, which accounted for 65% of the total index rise. “In 2024, the construction price index rose by 1.6%. Labour force was 6.3% more expensive and the cost of using building machines went up by 1.7%, while the cost of building materials decreased by 1.1%,” noted Paulus. In the fourth quarter of 2024, the construction price index increased by 0.4% compared with the third quarter. The cost of building materials rose by

Retail trade volume down by 4% in May

Kuupäev 28.06.2024
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  3. Retail trade volume down by 4% in May
According to Statistics Estonia, in May 2024, the turnover of retail trade enterprises was 898 million euros. Compared with May 2023, the volume of retail trade turnover fell by 4%.

Decline in retail trade volume in April was most affected by grocery stores

Kuupäev 30.05.2024
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  3. Decline in retail trade volume in April was most affected by grocery stores
According to Statistics Estonia, in April 2024, the turnover of retail trade enterprises was €842 million. Compared with April 2023, the volume of retail trade turnover fell by 3%.

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.

Number of people living in poverty down year on year, perceived deprivation up

Kuupäev 06.11.2024
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  3. Number of people living in poverty down year on year, perceived deprivation up
Epp Remmelg, leading analyst at Statistics Estonia, said that the at-risk-of-poverty rate reflects income inequality in a country. “In 2023, close to 274,800 people lived at risk of poverty – nearly 29,000 fewer than in 2022. Their net monthly income, taking into account household composition, i.e. the equivalised disposable income, was less than €807,” said Remmelg. Income grew mainly due to increases in child benefits and pensions The analyst noted that over the years, the at-risk-of-poverty rate has been highest among the elderly living alone and lone parent households. “However, we see

Tomorrow is the last day to complete the e-census

Kuupäev 21.01.2022
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  3. Tomorrow is the last day to complete the e-census
Today and tomorrow are the last days when it is still possible to participate in the Estonian e-census. All Estonian residents are invited to complete the survey. By today, January 21, more than 530,000 persons, i.e. 40% of the population, have been enumerated on the basis of the census e-questionnaire.

Construction price index unchanged in the third quarter compared with the previous quarter

Kuupäev 22.10.2024
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  3. Construction price index unchanged in the third quarter compared with the previous quarter
Ülo Paulus, leading analyst at Statistics Estonia, pointed out that in the third quarter of this year, compared with the same period in 2023, the construction price index was primarily influenced by a 6.4% increase in wages of workers. “On the other hand, the index was also affected by a 1% decrease in the price of building materials. Therefore, it can be said that the falling material prices curbed the rise in the construction price index for the moment,” Paulus explained. “The increase in the cost of using machinery was mainly driven by the rise in the rental costs of small machines, whereas

The economy contracted by 3% last year

Kuupäev 01.03.2024
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  3. The economy contracted by 3% last year
According to Statistics Estonia, in the fourth quarter of 2023, the gross domestic product (GDP) decreased by 2.7% compared with the same period of 2022. The GDP at current prices was 9.9 billion euros in the fourth quarter. In 2023 as a whole, Estonia’s GDP decreased by 3% and amounted to 37.7 billion euros at current prices.

Retail trade turnover has been falling for 18 months

Kuupäev 28.03.2024
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  3. Retail trade turnover has been falling for 18 months
According to Statistics Estonia, in February 2024, the turnover of retail trade enterprises was 739 million euros. Compared with February 2023, turnover fell by 3% at constant prices.

The decline in the producer price index of industrial output continued

Kuupäev 20.03.2024
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  3. The decline in the producer price index of industrial output continued
The producer price index of industrial output, which expresses changes in the producer prices of industrial goods manufactured in Estonia for the domestic market and for export, fell by 2.6% in February 2024 compared with January and by 3.9% compared with February last year.

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