The total production of industrial enterprises in Estonia declined by 10.5% in 2023 at constant prices compared to 2022, according to Statistics Estonia’s data, ERR reports. Output decreased in all three industrial sectors, including in energy production by 21%, in manufacturing by 9.8%, and in mining and quarrying by 4.7%. Production volumes fell every month…
Estonia’s retail turnover totalled EUR 10.5bn in 2023, which was down 8% at constant prices compared to 2022, according to preliminary data from Statistics Estonia, ERR reports. The retail turnover of grocery stores declined by 4%, automotive fuel by 5%, and manufactured goods by 11% over a year.
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…
Estonia’s population totalled 1,366,491 people in the beginning of 2024, which was 607 more than a year earlier, according to Statistics Estonia’s preliminary data, BNS reports. The number of live births totalled 10,721 in 2023, which was 925 less than in 2022. The number of births was the lowest since 1919, when population data began…
Estonia’s consumer price index (CPI) rose by 9.2% in 2023, compared to the year before, according to Statistics Estonia, ERR reports. The rise of food and non-alcoholic beverages accounted for almost two fifths of the overall rise in consumer prices. Meanwhile, petrol prices dropped by 7.4% and diesel fuel prices by 10.7% over a year….
Retailers in Estonia expect declining sales in the first half of 2024 amid lower consumer confidence, ERR reports. Many consumers plan to go shopping in neighbouring countries due to the rise in the VAT rate from 20% to 22% as of 1 January 2024, according to a Norstat poll for Citadele bank, BNS reports. The…
Estonia’s population totalled 1,373,101 people in the beginning of 2024, according to Statistics Estonia’s preliminary data, ERR reported. The country’s population thus increased by 4,184 people in 2023, including by 6,239 people in Harjumaa county and 2,025 people in Tartumaa county. The population decreased by 1,413 people in Ida-Virumaa county. Statistics Estonia will release more…
Estonia’s dwelling price index rose by 5% on year in the second quarter of 2023, according to data from Statistics Estonia, ERR reports. Apartment prices rose by 5.7% and house prices by 3.2%. Compared to the first quarter of 2023, the index rose by 3.8%. Meanwhile, the owner-occupied housing price index rose by 10.6% on…
The volume of electricity produced in Estonia totalled 8,910 GWh in 2022, which was 21% more than in 2021, according to data from Statistics Estonia, ERR reports. Heat production totalled 5,074 GWh in 2022, which was up 8% from a year earlier. The volume electricity generated from shale oil rose by 42%, accounting for 57%…