Latest reading: Industrial production was up 0.4% in annual terms in July, following a 0.7% rise in the previous month....
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 falls at a softer clip in June
Latest reading: Industrial production was down 2.3% in annual terms in June, following a 5.3% drop in the prior month. Relative to the previous month's figures, the reading for manufacturing improved in June (-2.8% on a year-on-year basis vs -6.0% in May). In contrast, the reading for mining and quarrying softened in June (+26.7% vs +39.8% in May). On a seasonally adjusted month-on-month basis, industrial production declined 2.2% in June, following a 0.3% fall 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.
Latest Global Industrial production News
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Russia: Industrial production decelerates in July -
Taiwan: Industrial production continues to boom in July Latest reading: Industrial production was up 25.6% on a year-on-year basis in July, following a 22.6% rise in the previous... -
Belarus: Industrial production recovers in July Latest reading: Industrial production rose 0.1% in annual terms in July, following a 0.7% drop in the prior month. July’s... -
Kazakhstan: Industrial production decelerates in July Latest reading: Industrial production increased 0.1% on a year-on-year basis in July, following a 8.2% increase in the prior month.... -
Hungary: Industrial production slows in June Latest reading: Industrial production was up 4.7% on a year-on-year basis in June, following a 5.5% increase in the previous... -
Euro Area: Industrial production stagnates in June Latest reading: Industrial production stagnated in seasonally adjusted month-on-month terms in June, following a 0.3% increase in the previous month.... -
Romania: Industrial production shrinks more slowly in June Latest reading: Industrial production was down 0.6% on a working-day and seasonally adjusted month-on-month basis in June, following a 2.8%...