The Gross Domestic Product (GDP) in Estonia expanded 4.30 percent in the second quarter of 2021 over the previous quarter. source: Statistics Estonia

GDP Growth Rate in Estonia averaged 1.01 percent from 1995 until 2021, reaching an all time high of 4.30 percent in the second quarter of 2021 and a record low of -11.80 percent in the fourth quarter of 2008. This page provides - Estonia GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Estonia GDP Growth Rate - data, historical chart, forecasts and calendar of releases - was last updated on November of 2021.

GDP Growth Rate in Estonia is expected to be 0.20 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Estonia GDP Growth Rate is projected to trend around 0.70 percent in 2022 and 0.90 percent in 2023, according to our econometric models.

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Estonia GDP Growth Rate

Calendar GMT Actual Previous Consensus TEForecast
2021-05-31 05:00 AM Q1 4.8% 2.8% -1.3%
2021-08-31 05:00 AM Q2 4.3% 3.9% -0.3%
2021-11-30 06:00 AM Q3 4.3% 1%

Related Last Previous Unit Reference
GDP Growth Rate 4.30 3.90 percent Jun/21
GDP Annual Growth Rate 12.90 4.10 percent Jun/21
GDP Constant Prices 6333.00 5856.60 EUR Million Jun/21
Gross Fixed Capital Formation 2240.80 2036.40 EUR Million Jun/21
GDP From Transport 608.10 500.50 EUR Million Jun/21
GDP From Services 55.00 38.40 EUR Million Jun/21
GDP From Mining 82.00 63.40 EUR Million Jun/21
GDP From Manufacturing 856.20 801.90 EUR Million Jun/21
GDP From Construction 415.30 279.50 EUR Million Jun/21
GDP From Agriculture 53.40 79.80 EUR Million Jun/21
Estonia GDP Growth Rate
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. .