Estonian Finance Minister Jürgen Ligi said that public outcry over inflation was misplaced, ERR reports. He argued that complaining about rising prices was “as stupid as cursing bad weather when you wake up in the morning.” Ligi stressed that most prices were not under government control, and that the government could thus neither cause nor…
Estonia’s annual GDP totalled EUR 39.5bn at current prices in 2024, which was down 0.3% from 2023, according to data from Statistics Estonia, ERR reports. In the fourth quarter of 2024, the GDP totalled EUR 10.6bn, which was up 1.2% from a year earlier. This marked the end of ten quarters of recession in the…
The total turnover of retail trade enterprises in Estonia amounted to EUR 10.4bn in 2024, which was down 3% from 2023, according to preliminary data from Statistics Estonia, Baltic News Network reports. Retail sales in grocery stores fell by 3% and in stores selling manufactured goods by 4% over a year. Retail sales of automotive…
Estonia’s consumer price index rose by 3.5% in 2024 compared with 2023, according to revised data from Statistics Estonia. Changes in food and non-alcoholic beverage prices had the biggest impact on the index in 2024, accounting for 23.7% of the total rise. Prices of food and non-alcoholic beverages rose by 3.2%, alcoholic beverages and tobacco…
Estonia’s exports of services totalled EUR 3.2bn in the third quarter of 2024, which was up 8% from the same period of 2023, according to data from Statistics Estonia and the Bank of Estonia, ERR reports. Imports of services into Estonia totalled EUR 2.4bn, which was up 2% over a year. Estonia’s trade surplus in…
The consumer price index (CPI) in Estonia rose by 3.7% in November 2024 compared to the same period of 2023, according to data from Statistics Estonia, ERR reported. The price of goods rose by 2.5% and services by 5.6% over a year. Compared to October 2024, consumer prices declined by 0.4%. The CPI was primarily…
Estonia’s GDP totalled EUR 10bn in the third quarter of 2024, which was down 0.7% from the same period of 2023, according to data published by Statistics Estonia, The Baltic Guide reported. This was the tenth consecutive quarter of economic decline. The seasonally and working-day adjusted GDP fell by 0.6% over a year but remained…
Estonia’s retail trade turnover totalled EUR 889mn in August 2024, which was down 4% from the same period of 2023, according to data from Statistics Estonia, ERR reports. Retail sales of manufactured goods dropped by 4% and food products by 4% as well. Compared to July 2024, overall retail trade declined by 1%. According to…
Estonia’s housing price index rose by 6.7% in the second quarter of 2024, compared to the same period of 2023, according to Statistics Estonia, ERR reports. Compared to the first quarter of 2024, the index rose by 2.8%. Apartment prices rose by 2.9% and house prices by 2.4% over a quarter. Apartment prices rose by…