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 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…
Latvia’s total retail trade turnover rose by 1% in 2024 compared to 2023, according to calendar-adjusted data at constant prices published by the Central Statistical Bureau (CSP), LSM reports. The annual turnover of retail trade in food products decreased by 1.6%, whereas retail trade of non-food products (except automotive fuel) increased by 2.3%. Retail sales…
Lithuania’s average gross monthly wage amounted to EUR 2,218 in 2024, which was up by EUR 204 (10.2%) from 2023, according to the State Data Agency (VDA), BNS reports. The average net monthly wage increased by EUR 116 (9.3%) to EUR 1,365. Real wages rose by 8.5% over a year. The main drivers of wage…
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…
The number of road accidents recorded in Lithuania totalled 2,867 in 2024, according to data from the Transport Competence Agency (TKA), BNS reported. Altogether 123 people died in the accidents, which was down 23% from 160 people in 2023. The number of pedestrians killed was 33, which was almost unchanged from 34 a year earlier….
The gross value added (GVA) generated by the forestry and logging industry in the Baltic States was highest in Latvia in 2022, according to Eurostat data, LSM reports. The sector’s GVA totalled EUR 490mn in current prices in Latvia in 2022, which was up from EUR 123mn in 2000. The forestry industry’s GVA totalled EUR…
Estonia’s population decreased by 2,750 people across all municipalities in 2024, according to data from the Ministry of Interior, ERR reports. The population only increased in three counties: Harjumaa, Tartumaa, and Hiiumaa. Estonian capital Tallinn’s population rose by 256 people to 461,602 people, whereas the population of the country’s second-largest city, Tartu, fell by 13…
Last year was Lithuania’s warmest ever recorded, according to data from the Lithuanian Hydrometeorological Service (LHMT), BNS reports. The average annual air temperature in Lithuania was 9.5 degrees Celsius in 2024, which was 2.1 degrees higher than the average temperature in 1991-2020. All months except January were warmer in 2024 than the long-term average. The…