Key Market Indicators
Estonian manufacturing output is projected to climb to €22.7 billion by 2028, up from €19.3 billion in 2023. This marks an average annual growth rate of 2.6%. Since the turn of the millennium, the country's manufacturing supply has seen a significant boost, increasing at an average rate of 8.3% per year. In the 2023 global rankings, Estonia held the 28th spot, with Luxembourg just ahead, also reporting €19.3 billion in manufacturing output. Leading the rankings were Italy, France, and Spain, occupying the second, third, and fourth positions, respectively.
