Estonia GDP


Estonia: Economic growth beats forecasts

February 11, 2013

According to the flash estimate released by Statistics Estonia (SE), in the fourth quarter, GDP expanded 3.7% over the same period the previous year. The reading was above both the 3.5% increase recorded in the third quarter and market expectations of a 3.0% growth. In seasonally and working-day adjusted terms, GDP rose 0.9% quarter-on-quarter, which was weaker than the 1.6% increase tallied in the second quarter.

According to SE, construction, information and communication activities contributed the most to GDP growth in Q4, followed by trade and transport activities. On an expenditure basis, export growth accelerated in the fourth quarter. A more complete dataset for national accounts will be released on 11 March.

For the whole of 2012, the economy expanded 3.2%, well below the 8.4% expansion in 2011. The Central Bank expects GDP growth to reach 3.0% this year and 4.0% in 2014.


Sample Report

Looking for forecasts related to GDP in Estonia? Download a sample report now.


Estonia GDP Chart

Estonia GDP Q4 2012

Note: Year-on-year changes of GDP in %.
Source: Statistics Estonia and FocusEconomics Consensus Forecast.

Estonia Economic News

More news

Search form