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Article

Construction volume up by 5% in the first quarter

Kuupäev 27.05.2025
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  3. Construction volume up by 5% in the first quarter
In the first quarter, the total production value of Estonian construction enterprises was €752 million, including €546 million worth of building construction and €206 million worth of civil engineering. Compared with the first quarter of last year, the volume of building construction was up by 10%, whereas the volume of civil engineering works (roads, bridges, port facilities, pipelines, communication and electricity lines, sports fields, etc.) was down by 6%. Merike Sinisaar, leading analyst at Statistics Estonia, said that the domestic construction market was mainly affected by the increased

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

Kuupäev 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.

Retail trade volume fell by 4% in March

Kuupäev 30.04.2024
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  3. Retail trade volume fell by 4% in March
According to Statistics Estonia, in March 2024, the turnover of retail trade enterprises was 851 million euros. Compared with March 2023, the volume of retail trade turnover* fell by 4%.

The numbers of unemployed and employed persons both increased last year

Kuupäev 14.02.2025
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  3. The numbers of unemployed and employed persons both increased last year
Tea Vassiljeva, analyst at Statistics Estonia, said that the average number of the unemployed in 2024 was 57,100 which is 9,400 more than in 2023. “Compared with 2023, unemployment increased in all age groups and among both men and women. The unemployment rate in 2024 was 7.6%. It was 1.2 percentage points higher than in 2023,” explained Vassiljeva. She added that female and male unemployment rates were similar – 7.5% and 7.6%, respectively. Unemployment indicators went up sharply in the first quarter of 2024. “For the rest of the year, there was gentle decline and stabilisation. The

Retail trade turnover has been falling for 18 months

Kuupäev 28.03.2024
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  3. Retail trade turnover has been falling for 18 months
According to Statistics Estonia, in February 2024, the turnover of retail trade enterprises was 739 million euros. Compared with February 2023, turnover fell by 3% at constant prices.

Share of environmental goods and services sector in GDP up by a quarter in eight years

Kuupäev 01.11.2024
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  3. Share of environmental goods and services sector in GDP up by a quarter in eight years
Kaia Oras, a leading expert at Statistics Estonia, explained that the growth in demand for environmental goods and services has been due to both increased awareness of environmental problems as well as higher environmental and energy saving requirements, especially in construction. “The rapid growth in energy-efficient new construction and reconstruction of buildings has a huge impact. Together, these generated €1.5 billion in output,” Oras added. Among the energy produced from renewables, electricity and heat production from renewable energy sources accounted for €482.2 million and the

The economy contracted by 1% in Q2

Kuupäev 30.08.2024
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  3. The economy contracted by 1% in Q2
According to Statistics Estonia, in the second quarter of 2024, the gross domestic product (GDP) decreased by 1% compared with the same period of 2023. The GDP at current prices amounted to €9.8 billion.

Growth in foreign trade in services slowed down in the first quarter

Kuupäev 11.06.2024
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  3. Growth in foreign trade in services slowed down in the first quarter
According to Statistics Estonia and Eesti Pank, in the first quarter of 2024, Estonia’s exports of services grew by 2%, while imports were unchanged from the same period last year. Sales of services to non-residents totalled €2.8 billion and purchases of services from non-residents amounted to €2.2 billion at current prices. The balance of foreign trade in services was in surplus by €595 million, which is €45 million more than a year earlier.

In the first quarter, the economy contracted by 2.4%

Kuupäev 31.05.2024
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  3. In the first quarter, the economy contracted by 2.4%
According to Statistics Estonia, in the first quarter of 2024, the gross domestic product (GDP) decreased by 2.4% compared with the same period of 2023. The GDP at current prices amounted to 8.9 billion euros.

Construction volume down by 6% last year

Kuupäev 21.02.2025
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  3. Construction volume down by 6% last year
The production value of Estonian construction enterprises in 2024 was 3.9 billion euros, including 2.4 billion euros’ worth of building construction and 1.5 billion euros’ worth of civil engineering. Compared with 2023, the volume of building construction fell by 9% and the volume of civil engineering works (roads, bridges, port facilities, pipelines, communication and electricity lines, sports fields, etc.) by 2%. Merike Sinisaar, leading analyst at Statistics Estonia, pointed out that construction volumes decreased for the third year in a row. “The downturn in the domestic construction

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