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Increased imports led to a higher trade deficit in February

Kuupäev 11.04.2022

Article

According to Statistics Estonia, in February 2022, Estonia’s exports of goods increased by 18% and imports by 35% compared to February 2021. The rise in imports was significantly influenced by the greater imports of electricity and mineral fuels.

In the fourth quarter, the economy contracted by 1.2%

Kuupäev 01.03.2021

Article

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%.

Economy grew by 1.2% in Q4 of 2024

Kuupäev 03.03.2025

Article

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

Peer Review of Statistics Estonia, 2021

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Statistics Estonia and all other statistical authorities of the European Union, forming the European Statistical System partnership, are responsible for the development, production and dissemination of European statistics. All European statistical authorities adhere to the 16 key principles defined in the European Statistics Code of Practice, which is supported by the Quality Assurance Framework of the European Statistical System. Implementation of the European Statistics Code of Practice is monitored through peer reviews conducted about every five years. The previous round of peer reviews was

Positive trends in foreign trade continued in February

Kuupäev 09.04.2021

Article

According to Statistics Estonia, in February, exports of goods increased by 16% and imports by 10% year on year. The growth in foreign trade was significantly boosted by trade in mineral products and wood and articles of wood.

Rapid growth in the industrial producer price index slowed in July

Kuupäev 22.08.2022

Article

In July 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, rose by 0.4% compared with June and by 28.8% compared with July 2021.

Trade with non-EU countries decreased in February

Kuupäev 10.04.2023

Article

According to Statistics Estonia, in February 2023, Estonia’s exports of goods increased by 2% and imports decreased by 8% compared with February 2022. Exports of goods amounted to 1.5 billion and imports to 1.6 billion euros at current prices. The trade deficit was 103 million euros, down by 167 million euros year on year.

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

Kuupäev 20.05.2022

Article

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.

In August, the industrial producer price index was affected the most by the rising price of electricity

Kuupäev 20.09.2022

Article

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, rose by 1.3% in August compared with July 2022 and by 28.3% compared with August 2021.

Foreign trade in goods showed signs of picking up in April

Kuupäev 10.06.2024

Article

According to Statistics Estonia, in April 2024, exports of goods increased by 3% and imports by 6% compared with April 2023. Exports of goods amounted to more than €1.5 billion and imports to over €1.8 billion at current prices. The trade deficit was €305 million, which is €65 million more than in April last year.