Estonia GDP Q3 2016


Estonia: Economy expands in Q3

November 14, 2016

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.

Author: Jean-Philippe Pourcelot, Economist

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Estonia GDP Chart

Estonia GDP Q3 2016

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

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