Estonian residents have become more aware of the importance of travel insurance
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%.
Construction volume down by 5% in the third quarter
According to Statistics Estonia, in the third quarter of 2024, the total production value of Estonian construction enterprises in Estonia and abroad decreased by 5% compared with the third quarter of 2023. Considering only the domestic market, the fall in construction volume was 6%.
Average wages and salaries were €1,959 in Q3
According to Statistics Estonia, the average monthly gross wages and salaries in the third quarter of 2024 were €1,959, which is 8.1% higher than in the same quarter the year before. The median wages were €1,620 in the third quarter of this year and €1,500 in the same quarter of 2023.
The producer price index rose by 0.2% in October year on year
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, increased by 0.3% in October 2024 compared with September and by 0.2% compared with October last year.
Number of unemployed persons down by 1,500 in third quarter
According to Statistics Estonia, in the third quarter of 2024, the unemployment rate was 7.4%, the employment rate was 69.1% and the labour force participation rate was 74.6%. There were 1,500 fewer unemployed people than in the previous quarter.
Exports of goods of Estonian origin increased by 4% in September
According to Statistics Estonia, in September 2024, Estonia’s exports of goods increased by 2% and imports by 3% compared with September 2023. Exports of goods amounted to 1.5 billion and imports to 1.7 billion euros at current prices. The trade deficit was 208 million euros, which is 18 million euros more than in September last year.
Number of tourists in accommodation establishments did not increase significantly in September
According to Statistics Estonia, accommodation establishments served 278,000 tourists in September 2024, which is 1% more than in the same month a year earlier. The number of foreign tourists increased by 11%, while that of domestic tourists decreased by 8%.
In October, the consumer price index rose by 4.1% year on year
According to Statistics Estonia, in October 2024, the consumer price index increased by 0.6% compared with September and by 4.1% compared with October 2023. Goods were 2.3% and services 7.1% more expensive than in October last year.