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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.

Average wages increased by 5.6% last year

Average wages and salaries were 2,135 euros in the first quarter

Estonia’s economy fared better in 2025 than in the two preceding years

Higher building material prices pushed up construction prices in the second quarter

According to Statistics Estonia, the construction price index, which expresses the change in the cost of construction activity, rose by 3.1% in the second quarter of 2026 compared with the same period last year and by 1.9% compared with the first quarter of this year. In the second quarter, the index was most affected by the rise in the prices of building materials.

Construction volume on the domestic market increased by 5% in the first quarter

According to Statistics Estonia, in the first quarter of 2026, the total production value of Estonian construction enterprises in Estonia and abroad increased by 4% compared with the first quarter of 2025. On the domestic construction market, the volume of construction grew by 5%.

Construction prices rose by 2% in the first quarter

According to Statistics Estonia, in the first quarter of 2026, the construction price index increased by 2% compared with the first quarter of 2025 and by 0.5% compared with the fourth quarter of last year. The rise in employees’ wages had the biggest impact on the construction price index in the first quarter.

Construction volume down by 1.5% last year

According to the preliminary data of Statistics Estonia, in 2025, the total production value of Estonian construction enterprises in Estonia and abroad decreased by 1.5% compared with 2024. The volume of construction declined for the fourth consecutive year.

Construction prices rose by 1.5% last year

According to Statistics Estonia, the construction price index, which expresses the change in construction expenditures, increased by 1.5% in 2025 compared with the average of 2024. The rising cost of materials was the main reason for the increase in the construction price index.

Construction volume in the third quarter up on the domestic market, down abroad

According to Statistics Estonia, in the third quarter of 2025, the total production value of Estonian construction enterprises in Estonia and abroad decreased by 0.6% compared with the third quarter of 2024. On the domestic construction market, however, the rise in construction volume was 0.4%.

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%.

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

According to Statistics Estonia, in the second quarter of 2025, the construction price index increased by 0.9% compared with the first quarter and by 1.4% compared with the second quarter of 2024. Compared with the beginning of the year, the construction price index in the second quarter was most affected by the prices of building materials, which began to go up again.

Construction volume up by 5% in the first quarter

According to Statistics Estonia, in the first quarter of 2025, the total production value of Estonian construction enterprises in Estonia and abroad increased by 5% compared with the first quarter of 2024. Considering only the domestic market, the rise in construction volume was 3%.

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

According to Statistics Estonia, in the first quarter of 2025, the construction price index increased by 0.1% compared with the fourth quarter of 2024 and by 1.2% compared with the first quarter of 2024.

Construction volume down by 6% last year

According to the preliminary data of Statistics Estonia, in 2024, the total production value of Estonian construction enterprises in Estonia and abroad decreased by 6% compared with 2023. Considering only the domestic market, the fall in construction volume last year was 7%.

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.

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