Industry revenue of »retail sale of hardware, paints and glass« in Estonia 2011-2023

Over the past decade, the Estonian economy has been growing steadily, owing to favorable governmental reforms, a low inflation rate, and rising foreign investments. Additionally, a strong annual wage growth has increased the purchasing power of households, along with the business confidence. As a result, some of the sectors such as construction have witnessed steady growth during the last few years. This has augured well for the hardware, paints and glass retail industry, with revenues projected to increase from 448 million U.S. dollars in 2011 to over 790 million U.S. dollars by 2023. As of 2017, there are 242 enterprises operating in this sector.

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Industry revenue of »retail sale of hardware, paints and glass« in Estonia from 2011 to 2023

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Supplementary notes

* Estimate - This also applies for past years as data provided by statistical institutions often is not available for more recent years.

Currency conversion factor: (EUR -> USD) = 1.186

The industry classification is based on the NACE Rev.2 - system in Estonia. The industry “retail sale of hardware, paints and glass in specialised stores“ has the code “G4752“.

Details on the methodology can be found here.

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