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News
In March, 14% more foreign tourists stayed in accommodation establishments than a year earlier
According to Statistics Estonia, accommodation establishments served nearly 237,400 tourists in March 2024, which is 5% more than in March last year. The number of domestic tourists decreased a little, while the number of foreign tourists increased.
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In April, the rise in the consumer price index was the smallest of the last three years
According to Statistics Estonia, in April, the consumer price index increased by 0.9% compared with March and by 2.8% compared with April 2023. Goods were 2.4% and services 3.3% more expensive than in April last year.
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Production of industrial enterprises down by 5.7% in March
According to Statistics Estonia, in March 2024, the total production of industrial enterprises fell by 5.7% compared with March last year. Among the three main sectors, output increased slightly in mining (by 0.4%), but decreased by 6.5% in manufacturing and by 4.4% in electricity production.
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GDP flash estimate: economy contracted by 2.1% in Q1
According to Statistics Estonia’s preliminary estimate, the decline in the gross domestic product (GDP) slowed down in the first quarter of 2024. The GDP fell by about 2.1% compared with the first quarter of 2023.
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Retail trade volume fell by 4% in March
According to Statistics Estonia, in March 2024, the turnover of retail trade enterprises was 851 million euros. Compared with March 2023, the volume of retail trade turnover* fell by 4%.
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Last year, Estonia's exports per capita were below the EU average
In 2023, Estonia’s exports of goods amounted to €18.2 billion and imports to €21.2 billion at current prices. Exports decreased by 16% and imports by 17% compared with 2022. The trade deficit reached €3 billion. Jane Leppmets, an analyst at Statistics Estonia, writes on 2023 trends in foreign trade of goods.