GDP in Estonia

Estonia GDP | Economic News & Forecasts

Estonia - GDP

Economy expands in Q3

According to a flash estimate issued by Statistics Estonia (SE) on 14 November, the Baltic economy edged up from 0.8% growth in Q2 to 1.1% in Q3. According to SE’s preliminary estimates, growth was driven by an expansion in industry and exports.

In seasonally- and working-day adjusted terms, GDP increased 0.2% quarter-on-quarter in the third quarter, which marked a softer expansion than the 0.3% increase observed in the second quarter. More detailed data for national accounts will be released on 9 December.


The Central Bank expects GDP growth to reach 1.8% in 2016 and 2.9% in 2017. Analysts polled by FocusEconomics foresee the economy growing 1.6% in 2016, which is unchanged from last month’s estimate. In 2017, economic growth is expected to grow 2.4%, which is also unchanged from last month’s forecast.

Estonia - GDP Data

2011  2012  2013  2014  2015  
Economic Growth (GDP, annual variation in %)7.6  5.2  1.6  2.9  1.1  

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Estonia GDP Chart


Estonia GDP
Note: Annual variation of gross domestic product (GDP) in %.
Source: Statistics Estonia.

Estonia Facts

ValueChangeDate
Exchange Rate1.070.63 %Jan 20
Stock Market1,091-0.08 %Jan 20

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