A town in Estonia

Estonia Merchandise Imports (ann. var. %)

Following Q3’s deterioration, year-on-year GDP likely contracted further in Q4. In October–December, the slump in annual industrial output deepened amid persistently high producer prices. Retail sales also plummeted to the lowest annual rate since Q1 2010 as consumer spending likely weakened. Worsening business pessimism and a softer expansion in merchandise exports should have undermined investment and exports growth, respectively. In Q1, activity remains downbeat. In January, higher inflation and interest rates will have dented domestic activity. That said, improving business and consumer sentiment pose upside risks to spending and investment. Ahead of the 5 March general elections, the incumbent liberal Reform Party is expected to grab the lion’s share of the votes. However, the rise of the right-wing opposition party EKRE will likely chip away at its majority.

Estonia Merchandise Imports (ann. var. %) Data

2017 2018 2019 2020 2021
Merchandise Imports (ann. var. %) 6.8 7.4 3.1 -5.0 30.5

Free sample report

Interested in economic reports, analysis and data? FocusEconomics provides data, forecasts and analysis for hundreds of countries and commodities. Request your free sample report now.

Close Left Media Arrows Left Media Circles Right Media Arrows Right Media Circles Arrow Quote Wave Address Email Telephone Man in front of screen with line chart Document with bar chart and magnifying glass Application window with bar chart Target with arrow Line Chart Stopwatch Globe with arrows Document with bar chart in front of screen Bar chart with magnifying glass and dollar sign Lightbulb Document with bookmark Laptop with download icon Calendar Icon Nav Menu Arrow Arrow Right Long Icon Arrow Right Icon Chevron Right Icon Chevron Left Icon Briefcase Icon Linkedin In Icon Full Linkedin Icon Filter Facebook Linkedin Twitter Pinterest