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GDP flash estimate: economy grew by 0.5% in Q2

Kuupäev 30.07.2025
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  3. GDP flash estimate: economy grew by 0.5% in Q2
“Compared with the first quarter of 2025, the seasonally and working-day adjusted GDP was up by 0.5%,” stated Robert Müürsepp, team lead of national accounts at Statistics Estonia. According to Müürsepp, it is too early to say how the consumer price index adjustment will affect GDP calculations. “It is highly unlikely that it will have a significant impact,” he said. What is a flash estimate of GDP? Although the official GDP figure will be released on 29 August, the information currently available can be used to assess the overall economic situation. This includes trade indicators, transport

In the fourth quarter, the economy contracted by 1.2%

Kuupäev 01.03.2021
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  2. In the fourth quarter, the economy contracted by 1.2%
According to Statistics Estonia, in the fourth quarter of 2020, the gross domestic product (GDP) decreased by 1.2% year on year, and the GDP at current prices was 7.3 billion euros. In 2020 as a whole, the Estonian economy shrank by 2.9%.

Prices of industrial goods up for the third month

Kuupäev 26.02.2021
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  2. Prices of industrial goods up for the third month
In January 2021, the producer price index of industrial output, which expresses changes in the producer prices of industrial goods manufactured in Estonia for the domestic market and for exports, increased by 0.8% compared to December 2020 and by 2.3% compared to January 2020.

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.

Economic growth slowed down in the 2nd quarter

Kuupäev 30.08.2019
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  3. Economic growth slowed down in the 2nd quarter
According to Statistics Estonia, gross domestic product (GDP) of Estonia increased 3.6% in the 2nd quarter of 2019 compared to the same period of the previous year.

Industrial producer price index rose by almost 32% year on year

Kuupäev 20.05.2022
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  2. Industrial producer price index rose by almost 32% year on year
In April 2022, the producer price index of industrial output, which expresses changes in the producer prices of industrial goods manufactured in Estonia for the domestic market and for export, increased by 2.8% compared to March 2022 and by 31.8% compared to April 2021.

Producer price index affected most by electricity price decrease

Kuupäev 20.03.2020
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  3. Producer price index affected most by electricity price decrease
According to Statistics Estonia, in February, the producer price index of industrial output fell by 0.7% compared to January 2020 and by 2.6% compared to February 2019.

In November, the producer price index increased by 1%

Kuupäev 21.12.2020
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  2. In November, the producer price index increased by 1%
In November 2020, the producer price index of industrial output, which expresses changes in the producer prices of industrial goods manufactured in Estonia for the domestic market and for exports, increased by 1.0% compared to October and decreased by 0.9% compared to November 2019.

2021 was a year of rapid growth in trade

Kuupäev 09.02.2022
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  2. 2021 was a year of rapid growth in trade
According to Statistics Estonia, in 2021, Estonia’s exports of goods increased by 28% and imports by 32% compared to 2020. In December, exports grew by 24% and imports by 27% year on year.

Producer price index continued to fall in January

Kuupäev 28.02.2020
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  3. Producer price index continued to fall in January
According to Statistics Estonia, in January, the producer price index of industrial output fell by 0.7% compared to December 2019 and by 2.4% compared to January 2019.

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