According to a flash estimate by Statistics Estonia, the economy of the country contracted by 2.1 per cent in the first quarter of 2024 (January, February and March). Placing Estonia as the worst-performing economy by far in the EU in the period.
Although the preliminary estimate states that the gross domestic product (GDP) of Estonia fell by about 2.1 percent compared with the first quarter of 2023, the decline of the country’s economy appears to be slowing down. Compared with the last quarter of 2023, the seasonally and working-day adjusted data shows that the GDP remained at the same level.
In contrast to Estonia, according to Eurostat, the EU economy as a whole picked up slightly in the first quarter, with the GDP in the region growing by 0.5 per cent. So far only Sweden has released a negative GDP figures for Q1 of 2024, albeit just -0.1 per cent. Placing Estonia clearly as the worst-performing economy in the EU at present.
According to the latest Estonian Social Survey, Estonians are the happiest among the Baltic nations, with 50.1 per cent … Read more
13.5.2024 | Estonia
Tallinn’s tram service will be disrupted this summer
Road works in front of the passenger terminals of the port of Tallinn and in the downtown will continue … Read more
12.5.2024 | Estonia
In March, 14% more foreign tourists came to Estonia
According to recent data released by Statistics Estonia, there was a significant rise in the number of foreign tourists … Read more
9.5.2024 | Estonia
Tommy Cash to perform at free concert in Tallinn today
Today, May 9, to mark Europe Day there will be a free concert in Tallinn’s Freedom Square. Top musicians … Read more
3.5.2024 | Estonia
Retail trade turnover fell by 4% in March
According to data released by Statistics Estonia, in March 2024, the turnover of retail trade companies was 851 million … Read more
1.5.2024 | Estonia
The Baltic Guide wishes you a lovely May 1 bank holiday!
24.4.2024 | Estonia
Estonia’s gender pay gap closes by nearly 5%
According to data released by Statistics Estonia, in 2023, the gross hourly earnings of female employees was 13.1 per … Read more
14.4.2024 | Estonia
Foreign tourists continue to find their way back to Tallinn
According to data released by Statistics Estonia, nearly 225,000 tourists stayed in accommodation establishments in the country in February … Read more
