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Economic downturn accelerated again in the third quarter

Date 30.11.2023
Article
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  3. Economic downturn accelerated again in the third quarter
In the third quarter of 2023, the gross domestic product (GDP) decreased by 3.9% compared with the same quarter of 2022. The GDP at current prices amounted to 9.4 billion euros.

Industrial production maintained a slow growth, as production of electricity and heat decreased

Date 06.04.2022
Article
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  2. Industrial production maintained a slow growth, as production of electricity and heat decreased
According to Statistics Estonia, in February 2022, the total production of industrial enterprises increased by 1.7% at constant prices compared to February 2021. Output increased by 4.7% in manufacturing but decreased by 11.8% in mining and by 16.6% in energy production.

The number of accommodated tourists was almost a tenth higher than in October last year

Date 11.12.2024
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  3. The number of accommodated tourists was almost a tenth higher than in October last year
Helga Laurmaa, leading analyst at Statistics Estonia, said that the number of accommodated tourists was still 5% lower than in October of 2019, the pre-pandemic record year. Compared with October 2019, there were 30,000 fewer foreign tourists accommodated in Estonia, while the number of domestic tourists was higher by 16,000 in October this year. 143,000 foreign and 132,000 domestic tourists were accommodated in Estonia in October 2024. “The number of domestic tourists, which in 2024 has been in decline for most months year on year, took an upturn in October,” noted Laurmaa. Nearly 58,000

3.6 million tourists: number of accommodated tourists was up by 5% in 2024

Date 11.02.2025
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  3. 3.6 million tourists: number of accommodated tourists was up by 5% in 2024
Helga Laurmaa, leading analyst at Statistics Estonia, said that nearly 1.86 million foreign tourists and nearly 1.76 million domestic tourists were accommodated in Estonia in 2024. “Compared with 2023, there were 11% more foreign tourists, while the number of domestic tourists remained at the same level. If we compare last year’s figures to 2019, which was the pre-pandemic record year, the number of accommodated domestic tourists has increased by over 200,000 but, at the same time, the number of foreign tourists has decreased by almost 400,000,” noted Laurmaa. Tourist arrivals from Finland

Foreign tourists have found their way back to Estonia

Date 08.02.2024
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  3. Foreign tourists have found their way back to Estonia
According to Statistics Estonia, in 2023, Estonian accommodation establishments served over 3.43 million tourists, which is 5% more than in 2022. The number of foreign tourists increased last year, while the number of domestic tourists decreased.

The growth of industrial production was still slow in May

Date 04.07.2022
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  2. The growth of industrial production was still slow in May
According to Statistics Estonia, in May 2022, the total production of industrial enterprises increased by 4.8% at constant prices compared to May 2021. Output increased in all three industrial sectors: by 2.2% in manufacturing, by 34.2% in electricity production and by 25.5% in mining.

In January, trade grew by more than a third

Date 11.03.2022
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  2. In January, trade grew by more than a third
According to Statistics Estonia, in January 2022, Estonia’s exports of goods increased by 35% and imports by 36% compared to January 2021. Trade growth was significantly boosted by the increased exports and imports and higher prices of mineral fuels and electricity.

Construction volume up by 14% in the first quarter

Date 26.05.2022
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  2. Construction volume up by 14% in the first quarter
According to Statistics Estonia, in the first quarter of 2022, the total construction volume of Estonian construction enterprises in Estonia and abroad increased by 14% year on year.

Number of foreign tourists up by 15% in November

Date 10.01.2025
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  3. Number of foreign tourists up by 15% in November
Helga Laurmaa, leading analyst at Statistics Estonia, said that 119,000 foreign and 128,000 domestic tourists were accommodated in Estonia in November 2024. The number of domestic tourists, which was in decline for most months in 2024 year on year, took an upturn in October 2024 and continued this trend in November. Still, the number of tourists remained 6% smaller than in November of 2019, the pre-pandemic record year. “Compared with November 2019, there were 12,000 more domestic tourists accommodated, while the number of foreign tourists was lower by 27,000 in November 2024,” added Laurmaa

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