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Article

The economy contracted by 0.7% in Q3

Date 29.11.2024
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  3. The economy contracted by 0.7% in Q3
Robert Müürsepp, team lead of national accounts at Statistics Estonia, noted that the economy, which has been falling for ten quarters in a row, is showing signs of improvement, but the biggest changes are still on the negative side. “Among the activities, construction had a strong negative impact on the economy, as did manufacturing. The biggest positive contributor after two years was again information and communication, where value added grew by 7.3%,” Müürsepp stated. Real estate activities and agriculture, forestry and fishing also made larger positive contributions to the economy. The

Telecommunications, computer and information services had the biggest trade surplus in the second quarter

Date 10.09.2024
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  3. Telecommunications, computer and information services had the biggest trade surplus in the second quarter
According to Statistics Estonia and Eesti Pank, in the second quarter of 2024, Estonia’s exports and imports of services both grew by 3%. Exports of services totalled 3.1 billion euros and imports of services 2.3 billion euros at current prices. The balance of foreign trade in services was in surplus by 802 million euros, which is 39 million euros more than in the second quarter last year.

The number of accommodated tourists decreased in March year on year

Date 09.05.2025
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  3. The number of accommodated tourists decreased in March year on year
Helga Laurmaa, leading analyst at Statistics Estonia, said that 108,000 foreign and 109,000 domestic tourists were accommodated in Estonia in March 2025. “The number of foreign tourists was 7% lower than in March last year and it was also smaller compared with March 2019 (down by 13%),” explained Laurmaa. Similarly to the earlier months of this year, accommodation establishments served more domestic than foreign tourists in March. The number of domestic tourists in March was 11% smaller than in the same month last year. Laurmaa added that the number of domestic tourists was at the same level

In May, the consumer price index rose by 0.1% compared with April

Date 06.06.2025
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  3. In May, the consumer price index rose by 0.1% compared with April
Lauri Veski, team lead of consumer price statistics at Statistics Estonia, said that the consumer price index in May was almost unchanged compared with April but rose by 4.5% year on year. “Compared with May 2024, the index was affected the most by the 7.1% higher prices of food products. In transport, prices increased by 6.2%, mainly due to the motor vehicle tax introduced in January and price changes in passenger transport. New price lists for health services are in force from April, including an increased appointment fee for specialist medical care, which also affected the index year on

The rise in the Dwelling Price Index slowed down in the third quarter

Date 22.12.2022
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  3. The rise in the Dwelling Price Index slowed down in the third quarter
According to Statistics Estonia, in the third quarter of 2022, the Dwelling Price Index increased by 0.8% compared with the second quarter of 2022 and by 24.2% compared with the third quarter of 2021.

The rise in services exports slowed down in the third quarter

Date 12.12.2023
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  3. The rise in services exports slowed down in the third quarter
According to Statistics Estonia and Eesti Pank, in the third quarter of 2023, Estonia’s exports of services grew by 1% and imports by 3% at current prices compared with the same quarter of 2022. Sales of services to non-residents totalled 2.8 billion euros and purchases of services from non-residents amounted to 2.2 billion euros. The balance of foreign trade in services was in surplus by 557 million euros.

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

Date 22.07.2025
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  3. Construction price index up by 1.4% compared with the second quarter of last year
Ülo Paulus, leading analyst at Statistics Estonia, pointed out that in the second quarter, compared with the same period in 2024, the construction price index was primarily influenced by the increase in wages of workers, which accounted for 37% of the index change. However, the impact of wage growth on the change in the index was 5.5 percentage points lower than last year. “Compared with the first quarter of 2025, labour force was 0.1% more expensive, whereas the cost of using building machines and the price of building materials each increased by 1.2%. The rise in the cost of machinery was

In the second quarter, the rapid increase in the Dwelling Price Index continued

Date 23.09.2022
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  3. In the second quarter, the rapid increase in the Dwelling Price Index continued
According to Statistics Estonia, in the second quarter of 2022, the Dwelling Price Index increased by 8% compared with the first quarter of 2022 and by 27.4% compared with the second quarter of 2021.

In June, the number of tourists increased by 2% year on year (corrected on 18.08.2025)

Date 08.08.2025
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  3. In June, the number of tourists increased by 2% year on year (corrected on 18.08.2025)
The corrections are marked in red. “In June, 214,600 foreign and 176,000 domestic tourists were accommodated in Estonia. As in June last year, we had more foreign tourists (55%) than domestic tourists (45%),” said Helga Laurmaa, leading analyst at Statistics Estonia. In 2025, the number of foreign tourists has increased in most months. “Compared with June last year, there were now 5% more foreign tourists staying in accommodation establishments, but their numbers have not yet fully recovered from the pandemic slump,” the analyst noted. “There were 2% fewer domestic tourists in accommodation

The consumer price index was up by 4.6% in October year on year (corrected at 10:20 on 7 November)

Date 07.11.2025
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  3. The consumer price index was up by 4.6% in October year on year (corrected at 10:20 on 7 November)
In the case of electricity, housing and rent, the monthly and annual changes were mixed up in the news release. The data published in the table were correct. The corrections are marked in red.Corrections are marked in red. Lauri Veski, team lead of consumer price statistics at Statistics Estonia, said that, month on month, the overall rise in prices has been slowed down mainly by food products as their prices have fallen for two months in a row. In October, food products were 1.2% cheaper than in September. The biggest impact came from the fall in the prices of bread and bakery products (4.8%)

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