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Robert Müürsepp, the National Accounts Service Manager at Statistics Estonia, said that the flash estimate indicates a slight improvement in the economy compared with the fourth quarter of 2024, while the trend was unchanged compared with the third quarter of 2025. “The seasonally and working-day adjusted GDP remained at the same level as in the third quarter,” added Müürsepp. What is the flash estimate of GDP? The official data on GDP for the fourth quarter of 2025 will be published on 2 March, but it is possible to assess the overall economic trend based on the information already available

Robert Müürsepp, the national accounts team lead at Statistics Estonia, said that the fourth quarter marked the end of 10 quarters of recession. “The last time the GDP grew was in the first quarter of 2022,” Müürsepp noted. In contrast to previous quarters, the majority of activities had a positive impact on the economy. “The energy sector led the way, with value added increasing by 21%. This was followed by real estate activities and information and communication – both saw their value added rise by 5.7%. Notably, manufacturing also recovered from the crisis, growing by 0.5%. The value added

Jane Leppmets, foreign trade analyst at Statistics Estonia, pointed out that unlike the balance of foreign trade in goods, the balance of foreign trade in services continues to show a surplus, which means that Estonian economic entities export significantly more services than they import. Economic entities include enterprises and non-profit entities, for instance, non-profit associations and state agencies. “In the second quarter, exports of services exceeded imports by €815 million. The surplus was €9 million bigger than in the second quarter last year,” added Leppmets. The top services

Kadri Rootalu, the service manager of population and education statistics at Statistics Estonia, said that the demographic trends of recent years continued in 2025. “Last year, over 6,000 more people died than were born. Emigration remained at the level of 2024, but immigration decreased. Net migration was negative for the first time since 2014. The population of Estonia declined by 7,041 overall,” explained Rootalu. The number of births was under 10,000 for the second time in history 9,092 children were born in 2025, which is 6% less than in 2024. “Compared with 2024, there were 600 fewer

Lauri Veski, team lead of consumer price statistics at Statistics Estonia, said that food prices are the main driver of overall inflation, as food products have the biggest weight in the consumer price index. “The prices of food products decreased in September and October but started to increase again in November,” added Veski. Compared with October, food products were 1% more expensive in November. The biggest impact came from the rise in the prices of vegetables (1.9%), cheese (3.3%), fresh or frozen fish (7.7%) and bread and bakery products (2.7%). Decreases in the prices of fresh fruits

“In the first half of 2025, foreign trade in goods increased by 9%. Exports of goods amounted to nearly €9.3 billion and imports to almost €11.1 billion at current prices,” said Jane Leppmets, foreign trade analyst at Statistics Estonia. “The main commodities exported in the first half of the year were electrical equipment, agricultural products and food preparations, and wood and articles of wood. The main commodities imported were transport equipment, agricultural products and food preparations, and electrical equipment,” Leppmets noted, adding that the top export and import partners in the

Environmental goods and services refer to production activities which have as their main purpose the prevention, reduction and elimination of pollution and of any other degradation of the environment, as well as the safeguarding of natural resources against depletion. In the renewable energy field, for example, the relevant goods and services include solar panels and wind turbines as well as their installation and maintenance, but also the production of renewable energy and related energy carriers. In the circular economy and waste management domain, the environmental goods include, for

Helle Bunder, leading analyst at Statistics Estonia, said that the increased output of manufacturing resulted primarily from the higher volume of production in the manufacture of wood. “In January, the output of the wood industry was up by 8.3% year on year. This was the first time since May 2022 that the output of this industry increased,” explained Bunder. In January, the volume of industrial production increased in more than half of manufacturing activities. Looking at the larger industries, there was an increase in output in the manufacture of wood (8.3%), fabricated metal products (5.9%)

Robert Müürsepp, team lead of national accounts at Statistics Estonia, noted that initial signs indicate a slight improvement in the economy compared with both a year ago and the previous quarter. “The seasonally and working-day adjusted GDP was up by 0.2% from the second quarter of 2025,” Müürsepp added. What is a flash estimate of GDP? The official data on GDP for the third quarter will be published on 1 December, but based on the information already available, it is possible to assess the overall economic trend. This is done using, for example, trade indicators, transport and manufacturing

Eveli Šokman, the producer price statistics service manager at Statistics Estonia, said that, year on year, the producer price index declined in December after three months of trending upwards. “Compared with December 2024, the index was affected the most by falling prices in the manufacture of fuel oils and in electricity and heat energy production. Higher prices in the manufacture of wood and wood products, peat production, and the manufacture of food products had the opposite effect on the index,” added Šokman. In manufacturing as a whole, the index was unchanged year on year. In the