Estonia’s harmonised index of consumer prices (HICP) rose by 4.7% on year in November 2025, according to Statistics Estonia’s flash estimate, ERR reports. Compared to October 2025, the HICP fell by 0.5%, however. Lenno Uusküla, chief economist at Luminor Bank, expects the pace of inflation to continue slowing down in December 2025, as import prices…
Estonia’s harmonised index of consumer prices (HICP) rose by 5.2% on year in September 2025, according to Statistics Estonia’s flash estimate, ERR reports. Compared to August 2025, prices fell by 1.2%. The monthly fall was mainly due to a drop in prices for food, non-alcoholic beverages, and fuel. The HICP takes into account spending by…
Estonia’s GDP declined by 0.1% on year in the fourth quarter of 2024, according to preliminary data from Statistics Estonia, ERR reports. The seasonally and working-day adjusted GDP remained unchanged compared to the third quarter of 2024. The Estonian economy has been in recession since the end of 2022. However, the pace of decline has…
The number of unemployed people in Latvia totalled 62,000 in June 2024, which was 500 more than in the same period of 2023, but 900 less than in May 2024, according to the Central Statistical Bureau’s (CSP) estimate, LSM reports. Altogether 32,600 men and 29,400 women were unemployed. Latvia’s actual unemployment rate stood at 6.5%…
Estonia’s GDP declined by around 3% over a year in the fourth quarter of 2023, according to Statistics Estonia’s flash estimate, ERR reports. Robert Müürsepp, team lead of national accounts at Statistics Estonia, said that the current recession has slowed down compared to preceding quarters. Compared to the third quarter of 2023, the GDP remained…
Latvia’s annual GDP declined by 0.6% in 2023, according to the Central Statistical Bureau’s (CSP) provisional data. In the fourth quarter of 2023, the GDP dropped by 0.5% over a year, according to seasonally and calendar unadjusted data. Growth in manufacturing stood at 3.6%, while services went down by 0.7%. According to seasonally and calendar-adjusted…
Estonia’s GDP continued to decline by around 3% in the second quarter of 2023, according to Statistics Estonia’s flash estimate. The drop in GDP has slowed down slightly compared to previous quarters, however. Compared to the first quarter of 2023, the country’s GDP remained unchanged, according to seasonally and working-day adjusted data.
Latvia’s GDP fell by 0.9% in the second quarter of 2023, compared to the corresponding period of 2022, according to seasonally and calendar non-adjusted data, the Central Statistical Bureau’s flash estimate indicated, LSM reports. Manufacturing fell by 4.0%, while services grew by 0.6% over a year. Compared to the first quarter of 2023, the GDP…