Construction volume fell in the third quarter
According to Statistics Estonia, in the third quarter of 2022, the total production value of Estonian construction enterprises in Estonia and abroad decreased by 3% year on year at constant prices. Considering only the domestic market, the construction volume fell by 4%.
The production value of Estonian construction enterprises totalled 1.2 billion euros. Building construction accounted for 760 million euros and civil engineering for 429 million euros. Compared with the third quarter of 2021, the volume of building construction decreased by 9% and the volume of civil engineering works (roads, bridges, port facilities, pipelines, communication and electricity lines, sports fields, etc.) increased by 9%.
Merike Sinisaar, leading analyst at Statistics Estonia, said that the construction market continues to be affected by rapidly rising construction costs. “The domestic construction market was primarily influenced by the decreased volume of building construction. There were fewer building repair and reconstruction works. The volume of new building construction remained at last year’s level. The increased volume of civil engineering was mainly due to repair and reconstruction works, as the volume of new civil engineering decreased,” added Sinisaar.
The construction volume of Estonian construction enterprises in foreign countries increased by a fifth compared with the third quarter of 2021. There was a rise in both building construction and civil engineering works carried out abroad. Construction in foreign countries accounted for 5% of the total construction volume – this share was 4% the year before.
According to the Register of Construction Works, 1,632 dwellings were completed in the third quarter of 2022, which is 6% less than in the third quarter of 2021. Over a third of the completed dwellings were in the rural municipalities in the vicinity of Tallinn, followed by Tallinn and Tartu cities. The demand for new dwellings has declined. Building permits were granted for the construction of 1,521 dwellings, which is 40% less than in the third quarter of 2021.
The number of completed non-residential buildings was 236, with a useful floor area of 347,400 square metres – these were primarily new commercial, educational and storage premises. Year on year, there was an increase in both the useful floor area and the volume of completed non-residential buildings.
Statistics Estonia collects and analyses data to produce the quarterly economic indicators of enterprises. The statistical activity is commissioned by the Ministry of Economic Affairs and Communications in order to understand how the Estonian economy is doing.
See also the construction section on our website.
More detailed data have been published in the statistical database.
For further information:
Helen Maria Raadik
Media Relations Manager
Marketing and Dissemination Department
Tel +372 625 9181
press [at] stat.ee