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HICP flash estimate: prices up by 0.5% in July

GDP flash estimate: the economy grew by 2.1% in Q2

Estonians’ assessment of the economy has improved, while confidence in the construction and trade sectors somewhat declined

In May, there were 5% more accommodated tourists than the year before

HICP flash estimate: prices down by 0.4% in June

In June, the confidence of industrial enterprises declined, while assessments in other sectors and among consumers improved slightly

Today, on 25 June, Statistics Estonia published the June results of the surveys that measure the economic confidence of enterprises and consumers.

The number of international students decreased last year but their tax contribution increased

According to Statistics Estonia, in the academic year 2024/25, international students studying and working in Estonia contributed 16.6 million euros in taxes. In the same period, international graduates of the academic year 2023/24 contributed 7.5 million euros as labour taxes in Estonia. Throughout the analysed period (2017–2025), international students and graduates have contributed over 317 million euros in taxes in Estonia.

The share of innovative enterprises in Estonia is growing

According to Statistics Estonia, 65% of Estonian enterprises have introduced product or process innovations. The share of innovative enterprises is the highest in financial and insurance activities and in information and communication.

Latest business and consumer survey results published by Statistics Estonia

On 26 May, Statistics Estonia published for the first time the results of the surveys that measure consumers’ and enterprises’ economic confidence. The data are published in the statistical database.

HICP flash estimate: prices up by 0.9% in August

According to the preliminary estimate of Statistics Estonia, in August 2025, the harmonised index of consumer prices (HICP), which includes the expenditures of tourists, increased by 0.9% compared with July. In comparison with July last year, the HICP rose by 6.2%. The HICP is a flash estimate, which will be revised based on the August price data.

In the second quarter, exports of services grew by 8% and imports by 11%

According to Statistics Estonia and Eesti Pank, in the second quarter of 2025, Estonia’s exports of services grew by 8% and imports by 11%. Exports of services amounted to nearly €3.4 billion and imports to almost €2.6 billion at current prices.

Revised data: average wages and salaries were €2126 in the second quarter

According to Statistics Estonia's revised data, in the second quarter of 2025, the average monthly gross wages and salaries were €2,126, which is 5.9% higher than in the second quarter of 2024.

The economy grew by 0.9% in the second quarter

According to Statistics Estonia, in the second quarter of 2025, the gross domestic product (GDP) increased by 0.9% compared with the same period of 2024. The GDP at current prices amounted to 10.5 billion euros in the second quarter.

The rise in retail trade volume slowed down in July

According to Statistics Estonia, in July 2025, the turnover of retail trade enterprises was €929 million. Compared with July 2024, the volume of retail trade turnover was up by 1%.

Construction volume down by 1.2% in the second quarter

According to Statistics Estonia, in the second quarter of 2025, the total construction volume of Estonian construction enterprises in Estonia and abroad decreased by 1.2% compared with the second quarter of 2024. On the domestic construction market, the volume of construction fell by 1.4%.

In July, the producer price index of industrial output fell by 2.2%

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 0.3% in July compared with June and by 2.2% compared with July last year.

Number of unemployed persons down by 5,000 from first quarter

According to Statistics Estonia, in the second quarter of 2025, the unemployment rate was 7.8%, the employment rate was 68.9%, and the labour force participation rate was 74.8%.

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

According to Statistics Estonia, in June 2025, Estonia’s exports of goods grew by 6% and imports by 5%. Exports of goods amounted to over €1.4 billion and imports to more than €1.7 billion at current prices.

In June, the number of tourists increased by 2% year on year (corrected on 18.08.2025)

According to Statistics Estonia, accommodation establishments served approximately 91,000 tourists in June 2025, which is 2% more than in the same month last year. There were 5% more foreign tourists and 2% fewer domestic tourists than in June last year.

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

According to Statistics Estonia, in July, the consumer price index increased by 0.6% compared with June and by 5.4% compared with July 2024. Goods were 3.9% and services 7.7% more expensive than in July last year.

Industrial production volumes up by 2.9% in June

According to Statistics Estonia, in June 2025, the total production of industrial enterprises increased by 2.9% at constant prices compared with the corresponding month of 2024. Among the three industrial sectors, output increased by 5.9% in manufacturing but decreased by 8.9% in energy production and by 33.5% in mining.