Estonia GDP Annual Growth Rate

Last Release

Mar 31, 2025

Actual

-0.3

Units In

-0.7

Frequency

Quarterly

Next Release

Aug 29, 2025

Time to Release

2 Months 28 Days 1 Hours

Highest	Lowest	Average	Date Range	Source
14.1 Dec 1997	-19.4 Sep 2009	3.72 %	1996-2025	Statistics Estonia

More than 71 percent of the Estonian GDP is derived from the service sectors, 25 percent from industry and 4 percent from agriculture. The most important sectors of the Estonian economy are: real estate, rental and letting, and business services (21 percent of GDP); the processing industry (15 percent), commerce (14 percent); transport, warehousing and communications (10 percent) and construction (7 percent). On the expenditure side, household consumption is the main component of GDP and accounts for 52 percent of its total use, followed by gross fixed capital formation (25 percent, one of the highest among EU countries) and government expenditure (20 percent). Exports of goods and services account for 84 percent of GDP while imports account for 81 percent, adding 3 percent of total GDP.

Latest Updates

Estonia's economy contracted by 0.3% year-on-year in the first quarter of 2025, reversing a 1.2% expansion in the previous period. Private consumption declined by 0.6%, following a 1.3% increase in Q4 2024, while fixed investments fell slightly (-0.1%), easing from a sharp 10.3% drop in the prior quarter. Notably, government investment surged by 20.6%. Net external demand weighed on GDP, as exports grew by 5.4% (up from 2.9% in Q4), but were outpaced by a 5.8% rise in imports (up from 4.8%). However, government spending increased by 1.7%, after a 1.1% contraction in the previous quarter. On the production side, most sectors dragged on economic activity, led by energy (-22.4%), agriculture (-17.8%), and transport (-10.3%). The trade and financial sectors also declined by 3.3% and 1.6%, respectively. On a seasonally adjusted quarterly basis, GDP shrank by 0.3% in Q1, following a downwardly revised 0.2% growth in Q4 2024, marking the first quarterly contraction in five quarters.