Estonia’s current account deficit stood at EUR 20.1mn in June 2023, compared to a deficit of EUR 92.4mn in June 2022, according to the Bank of Estonia’s flash estimate, ERR reports. Exports and imports of goods both fell by 10%, while service exports rose by 3% and imports by 2% over a year. The services…
Estonia’s goods exports totalled EUR 4.8bn in the second quarter of 2023, which was down 11% from the same period of 2022, according to Statistics Estonia’s data, ERR reports. Imports totalled EUR 5.6bn, which was down 15% over a year. Estonia’s trade deficit thus stood at EUR 802mn, which was down by EUR 329mn from…
Estonia’s consumer price index (CPI) rose by 6.4% on year in July 2023, according to data from Statistics Estonia, ERR reports. Prices of goods rose by 8.1% and services by 3.1%. The increase in food and non-alcoholic beverage prices accounted for more than half of the total rise in consumer prices. At the same time,…
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.
Annual inflation in Estonia stood at 6.3% in July 2023, which was down from 22.8% a year earlier, according to Statistics Estonia’s preliminary data, ERR reports. Compared to June 2023, consumer prices declined by 0.39%. In June 2023, annual inflation stood at 9.2%.
Estonia’s retail trade turnover fell by 9% in the first half of 2023 from a year earlier at constant prices, according to data from Statistics Estonia, ERR reports. In June 2023, retail trade turnover totalled EUR 896mn, which was down 8% over a year. Retail sales in stores selling manufactured goods fell by 12% over…
Estonia’s producer price index (PPI) of industrial output fell by 1.9% on year in June 2023, according to Statistics Estonia, ERR reports. Compared to May 2023, the PPI dropped by 0.4%. The biggest impact on the index came from a fall in the price of electricity production and in the manufacture of wood products and…
The total area of agricultural land in Estonia has remained almost unchanged in 2023, according to Statistics Estonia’s preliminary data, The Baltic Times reports. Meanwhile, the area of arable land out of use for one year or more amounts to 28,200 hectares, which is 2.5 times more than in 2022. The area of land used…
Estonia’s exports of goods totalled EUR 1.6bn at current prices in May 2023, which was down 15% from the same period of 2022, according to data from Statistics Estonia, ERR reports. Exports of goods of Estonian origin fell by 21% and accounted for 65% (69%) of total exports. Overall imports totalled EUR 1.9bn, which was…