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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.

In the second quarter, the total production value of Estonian construction enterprises was 995 million euros, including 617 million euros’ worth of building construction and 378 million euros’ worth of civil engineering. Compared with the second quarter of last year, the volume of building construction fell by 1.2% and the volume of civil engineering works (roads, bridges, port facilities, pipelines, communication and electricity lines, sports fields, etc.) by 5%. Merike Sinisaar, leading analyst at Statistics Estonia, said that construction volumes had briefly grown in the first quarter but

In the second quarter, the prices of apartments rose by 4.5% and the prices of houses by 7.8% compared with the second quarter last year. Märt Umbleja, leading analyst at Statistics Estonia, said that, compared with the previous quarter, apartment prices went up by 4.8% and the prices of houses by 1.4% in the second quarter. “Apartment prices across Estonia have risen for two consecutive quarters following a period of decline in 2024. As an exception, apartment prices per square metre remained unchanged in Tallinn in the first quarter, with prices rising only now, in the second quarter, by 3.9

Germo Valgenberg, leading analyst in the producer price statistics team at Statistics Estonia, said that, compared with June 2024, the producer price index was most affected by price decreases in electricity production and in the manufacture of fuel oils. “Higher prices in the manufacture of wood and wood products and food products had the opposite effect on the index. Producer prices increased by 1.3% in manufacturing as a whole, and the rise in the manufacture of food products continued, increasing by 5.7% year on year,” Valgenberg added. Compared with May, the producer price index in June

Nearly 153,000 foreign and 138,000 domestic tourists were accommodated in Estonia in October. Among all tourists accommodated in October, foreign tourists held a slightly higher share (52%) than domestic tourists. Helga Laurmaa, leading analyst at Statistics Estonia, said that the number of foreign tourists has shown growth in most months this year. “Compared with October 2024, there were 7% more foreign tourists accommodated in Estonia in October this year. In comparison with pre-pandemic levels, the number of foreign tourists was down by 12%,” Laurmaa noted. “The number of domestic tourists

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

Johanna Linda Pihlak, analyst at Statistics Estonia, pointed out that the turnover volume of retail trade enterprises, which declined in August , returned to growth in September. “The increase in retail trade volume was mainly driven by enterprises engaged in the retail sale of automotive fuel and also by stores selling manufactured goods. The turnover volume of grocery stores, however, continued to decline in September, falling by 5% compared with September 2024,” Pihlak explained. The volume of turnover in enterprises engaged in the retail sale of automotive fuel rose by 22% in September

Helle Bunder, leading analyst at Statistics Estonia, said that production volumes in manufacturing have shown a year-on-year increase each month this year. “There is an upward trend, but the growth has remained slow so far. On a positive note, output in the electronics industry has grown for three months in a row, and in August there was also an increase in the output of the manufacture of wood, which holds the biggest share among economic activities,” noted Bunder. In August, the volume of industrial production was up in two thirds of the manufacturing activities. Looking at the larger

240,700 foreign and 218,500 domestic tourists were accommodated in Estonia in August. Foreign tourists accounted for a slightly bigger share (52%) than domestic tourists (48%). Helga Laurmaa, leading analyst at Statistics Estonia, said that the number of foreign tourists has grown in most months this year. “Compared with August last year, there were 4% more foreign tourists accommodated but their number was still a little below the pre-pandemic level,” she noted. “While the number of domestic tourists showed a slight decline, domestic tourism has recovered well, as indicated by the number of