Latest reading: Industrial production rose 3.4% in annual terms in April, following a 6.4% rise in the previous month. Relative...
Industrial Production in Estonia
The Estonian economy recorded an average industrial production growth rate of 2.0% in the decade to 2024. In 2024, industrial production growth was -4.0%. For more industry information, visit our dedicated page.
Estonia Industry Chart
Note: This chart displays Industrial Production (annual variation in %) for Estonia from 2014 to 2025.
Source: Macrobond.
Estonia Industry Data
| 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|
| Industrial Production (ann. var. %) | 13.3 | 1.8 | -9.7 | -2.5 | 1.5 |
Industrial production contracts faster in March
Latest reading: Industrial production was down 0.7% on a year-on-year basis in March, following a 0.5% drop in the previous month. Relative to the previous month's figures, the reading for electricity, gas, steam and air conditioning supply softened in March (-19.5% yoy vs +4.0% in February). Moreover, manufacturing weakened at the same pace as in the prior month (-1.2% in March and February). In contrast, the reading for mining and quarrying improved in March (+5.9% vs 0.0% in February). In seasonally adjusted month-on-month terms, industrial production fell 2.6% in March, following a 0.6% drop in the previous month.
Consensus Forecasts and Projections for the next ten years
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Estonian industry projections for the next ten years from a panel of 6 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable industry forecast available for Estonian industry.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Estonian industry projections.
Want to get access to the full dataset of Estonian industry forecasts? Send an email to info@focus-economics.com.
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