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Retail trade volume down by 1% year on year

In November, the volume of industrial production was unchanged year on year

According to Statistics Estonia, in November 2024, the total production of industrial enterprises at constant prices was almost the same as in November 2023, falling by 0.1%. Among the three industrial sectors, output increased by 1.5% in manufacturing but decreased by 2.3% in mining and by 15.3% in electricity production.

Exports of goods boosted by domestic products in November

According to Statistics Estonia, in November 2024, Estonia’s exports of goods grew by 3% from a year earlier, whereas imports remained at the same level. Exports of goods amounted to nearly €1.6 billion and imports to €1.7 billion at current prices. The trade deficit was €166 million, which is €53 million less than in November of the previous year.

1,369,285 people: Estonia's population decreased according to preliminary data

The preliminary data of Statistics Estonia show that on 1 January 2025, the population of Estonia was 1,369,285, which is 5,402 persons less than at the same time a year ago. In 2024, there were 9,646 births and 15,596 deaths. Based on the data on registered migration, 13,826 persons arrived in the country and 13,278 persons left. As in 2023, the number of births and the number of immigrants both decreased.

The consumer price index rose by 3.5% in 2024

According to Statistics Estonia, in 2024, the consumer price index increased by 3.5% compared with the average of 2023. Price changes related to food and non-alcoholic beverages had the biggest impact on the consumer price index in 2024.

Number of foreign tourists up by 15% in November

According to Statistics Estonia, accommodation establishments served 247,000 tourists in November 2024, which is 11% more than in the same month a year earlier. There were 15% more foreign and 8% more domestic tourists.

In manufacturing, prices have risen for several months in a row

According to Statistics Estonia, 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, fell by 0.4% in November 2024 compared with October and by 0.1% compared with November last year.

The dwelling price index in Q3 down by 0.5% from Q2

According to Statistics Estonia, in the third quarter of 2024, the dwelling price index fell by 0.5% compared with the second quarter. In comparison with the third quarter of last year, the index rose by 6.4%.

Estonia spent nearly 715 million euros on environmental protection in 2022

According to Statistics Estonia, Estonia’s environmental protection expenditure in real terms increased by nearly 37% in the period 2014–2022, that is, from 527 to 715 million euros. The environmental protection activity with the highest expenditure in 2022 was waste management with 347 million euros. The biggest environmental protection investments, worth 75 million euros, were made in wastewater management and protection of soil and water.

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

According to Statistics Estonia, accommodation establishments served 275,000 tourists in October 2024, which is 9% more than in the same month a year earlier. There were 15% more foreign and 4% more domestic tourists than in October 2023.

Exports of services up by 8% in the third quarter

According to Statistics Estonia and Eesti Pank, in the third quarter of 2024, Estonia’s exports of services grew by 8% and imports by 2%. Exports of services totalled €3.2 billion and imports of services €2.4 billion at current prices. The balance of foreign trade in services was in surplus by €751 million, which is €180 million more than a year earlier.

Foreign trade grew in October, exports of goods of Estonian origin up by 17%

According to Statistics Estonia, in October 2024, Estonia’s exports of goods increased by 12% and imports by 10% compared with October 2023. Exports of goods amounted to nearly €1.7 billion and imports to nearly €2 billion at current prices. The trade deficit was €303 million.

Food prices increased in November, fuel and electricity prices decreased

According to Statistics Estonia, in November 2024, the consumer price index decreased by 0.4% compared with October and increased by 3.7% compared with November 2023. Goods were 2.5% and services 5.6% more expensive than in November last year.

In the third quarter, the number of job vacancies decreased by a fifth year on year

According to Statistics Estonia, in the third quarter of 2024, there were 9,905 job vacancies in the enterprises, institutions and organisations of Estonia. This is 18% less than in the same quarter last year. In the third quarter, 5,819 persons left their job at the initiative of the employer.

Manufacturing output up by 0.8% in October

According to Statistics Estonia, in October 2024, the total production of industrial enterprises at constant prices was the same as in October last year. Among the three industrial sectors, output increased by 0.8% in manufacturing but decreased by 2.8% in mining and by 7.4% in electricity production.

The economy contracted by 0.7% in Q3

According to Statistics Estonia, in the third quarter of 2024, the gross domestic product (GDP) decreased by 0.7% compared with the same period of 2023. The GDP at current prices amounted to €10 billion.

In October, there was an upturn in the turnover volume of stores selling manufactured goods

According to Statistics Estonia, in October 2024, the turnover of retail trade enterprises was 886 million euros. Compared with October 2023, the volume of retail trade turnover decreased by 1%.

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