Study: Estonian Adults Among the Best in the World in Skills, Especially in Younger Generations
Retail trade volume down by 1% year on year
According to Statistics Estonia, in November 2024, the turnover of retail trade enterprises was €884 million. Compared with November 2023, the volume of retail trade turnover decreased by 1%.
In November, the volume of industrial production was unchanged year on year
According to Statistics Estonia, in November 2024, the total production of industrial enterprises at constant prices was almost the same as in November 2023, falling by 0.1%. Among the three industrial sectors, output increased by 1.5% in manufacturing but decreased by 2.3% in mining and by 15.3% in electricity production.
Exports of goods boosted by domestic products in November
According to Statistics Estonia, in November 2024, Estonia’s exports of goods grew by 3% from a year earlier, whereas imports remained at the same level. Exports of goods amounted to nearly €1.6 billion and imports to €1.7 billion at current prices. The trade deficit was €166 million, which is €53 million less than in November of the previous year.
Retail trade volume down by 3% last year
According to the preliminary data of Statistics Estonia, the total turnover of retail trade enterprises in 2024 was €10.4 billion. Compared with 2023, the volume of retail trade turnover decreased by 3%.
Construction prices rose by 1.6% in 2024
According to Statistics Estonia, in 2024, the construction price index increased by 1.6% compared with the average of 2023. In the fourth quarter of 2024, the construction price index increased by 0.4% compared with the third quarter of last year and by 1.3% compared with the fourth quarter of 2023.
Higher prices of wood products had the biggest impact on the producer price index in December
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, rose by 0.4% in December 2024 compared with November and by 1.1% compared with December 2023.
The consumer price index rose by 3.5% in 2024
According to Statistics Estonia, in 2024, the consumer price index increased by 3.5% compared with the average of 2023. Price changes related to food and non-alcoholic beverages had the biggest impact on the consumer price index in 2024.
The dwelling price index in Q3 down by 0.5% from Q2
According to Statistics Estonia, in the third quarter of 2024, the dwelling price index fell by 0.5% compared with the second quarter. In comparison with the third quarter of last year, the index rose by 6.4%.
In manufacturing, prices have risen for several months in a row
According to Statistics Estonia, 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 0.4% in November 2024 compared with October and by 0.1% compared with November last year.
Food prices increased in November, fuel and electricity prices decreased
According to Statistics Estonia, in November 2024, the consumer price index decreased by 0.4% compared with October and increased by 3.7% compared with November 2023. Goods were 2.5% and services 5.6% more expensive than in November last year.
The producer price index rose by 0.2% in October year on year
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, increased by 0.3% in October 2024 compared with September and by 0.2% compared with October last year.
In October, the consumer price index rose by 4.1% year on year
According to Statistics Estonia, in October 2024, the consumer price index increased by 0.6% compared with September and by 4.1% compared with October 2023. Goods were 2.3% and services 7.1% more expensive than in October last year.
Construction price index unchanged in the third quarter compared with the previous quarter
According to Statistics Estonia, in the third quarter of 2024, the construction price index remained on the same level compared with the second quarter and rose by 1.8% compared with the third quarter of 2023.
Producer price index of industrial output, export and import price index, September 2024
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, decreased by 1.6% in September 2024 compared with August and by 0.5% compared with September last year.