Latest reading: Industrial production was up 23.0% on a year-on-year basis in June, following a 11.9% rise in the previous...
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 shrinks more quickly in May
Latest reading: Industrial production declined 5.3% on a year-on-year basis in May, following a 3.8% decline in the prior month. May's reading was the weakest since August 2024. Relative to the prior month's data, the reading for manufacturing worsened in May (-6.0% on a year-on-year basis vs -3.2% in April). In contrast, the reading for mining and quarrying improved in May (+39.8% vs +15.7% in April). In seasonally adjusted month-on-month terms, industrial production was down 0.2% in May, following a 1.3% increase in the prior 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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