Construction

Today, houses, offices and other buildings are constructed faster than ever before. As a result of the development of the construction sector, buildings, bridges, stadiums and roads can be built in shorter time and with less resources. Construction covers building construction and civil engineering works, reconstruction, expansion and demolition.

Construction enterprises are primarily active in the domestic construction market. Thus, general economic development in the country has an impact on the construction sector. When the economy is growing fast, construction volumes are large; when economic growth slows down, construction works decrease, as customers place less orders.

Statistics Estonia publishes the following data for construction:

  • construction volumes of buildings and civil engineering works and change in the volumes;
  • construction value in Estonia by type of construction and location;
  • granted building permits and completed buildings.

In order to assess the situation of construction enterprises, we collect the following data from them:

  • turnover;
  • costs;
  • profits;
  • assets;
  • liabilities;
  • equity capital;
  • investments.
Dwelling completions 6,735
-11.1%
2021
Usable floor area of non-residential building completions 638.3 thousand m²
-31.2%
2021
Building permits granted for dwellings (new construction) 1,521
-39.7%
2022 Q3
Construction volume index, 2015 = 100 171.2
2022 Q3
Construction volume index change compared to same period in previous year -3.3 %
2022 Q3
Usable floor area of non-residential buildings with granted building permits (new construction) 190.1 thousand m²
-37.8%
2022 Q3
Total construction production in Estonia and abroad 1,188.8 million euros
13.5%
2022 Q3
Construction volume index (2015 = 100) | 2nd quarter 2010 – 3rd quarter 2022
News

Construction volume fell in the third quarter

According to Statistics Estonia, in the third quarter of 2022, the total production value of Estonian construction enterprises in Estonia and abroad decreased by 3% year on year at constant prices. Considering only the domestic market, the construction volume fell by 4%.
Read more 25. November 2022
News

Construction volume took a downturn in the second quarter

According to Statistics Estonia, in the second quarter of 2022, the total production value of Estonian construction enterprises in Estonia and abroad decreased by 1.4% year on year at constant prices. Considering only the Estonian construction market, the construction volume fell by 1.8%.
Read more 26. August 2022