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.
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 October 2023 compared with September and by 3.0% compared with October last year.
According to Statistics Estonia, in October, the consumer price index fell by 0.4% compared with September and rose by 4.9% compared with October 2022. Goods were 3.7% and services 7.0% more expensive than in October last year.
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