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.
Number of people living in poverty down year on year, perceived deprivation up
According to Statistics Estonia, 20.2% of Estonia’s population lived at risk of poverty and 2.7% in absolute poverty in 2023. Compared with 2022, the share of people living at risk of poverty decreased by 2.3 percentage points and the share of those living in absolute poverty by 0.8 percentage points. The share of people living in self-perceived deprivation was up by 1.5 percentage points in 2024.
Output in mining up by 10.4%, industrial production down as a whole
According to Statistics Estonia, in September 2024, the total production of industrial enterprises decreased by 1.5% at constant prices compared with September last year. Among the three main sectors, output increased by 10.4% in mining and by 0.9% in electricity production but decreased by 2.1% in manufacturing.
GDP flash estimate: the economy contracted by 0.7% in Q3
According to Statistics Estonia’s preliminary estimate, the decline in the gross domestic product (GDP) slowed down in the third quarter of 2024. The GDP fell by approximately 0.7% compared with the third quarter of 2023.
Share of environmental goods and services sector in GDP up by a quarter in eight years
According to Statistics Estonia, the output of the environmental goods and services sector amounted to €5 billion in 2022. The output of goods and services in the energy efficiency and renewable energy sector accounted for nearly two thirds of this, or €3.1 billion. The share of value added of the environmental goods and services sector in gross domestic product (GDP) has increased by a quarter, or one percentage point, compared with 2014.
Volume of retail trade turnover down by 4% in September
According to Statistics Estonia, in September 2024, the turnover of retail trade enterprises was 839 million euros. Compared with September 2023, the volume of retail trade turnover decreased by 4%.