The Gross Domestic Product (GDP) in Estonia contracted 5.60 percent in the second quarter of 2020 over the previous quarter, the most contraction since the fourth quarter 2008..
GDP Growth Rate in Estonia averaged 0.90 percent from 1995 until 2020, reaching an all time high of 4.80 percent in the first quarter of 2004 and a record low of -9.10 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 October of 2020. source: Statistics Estonia
GDP Growth Rate in Estonia is expected to be 5.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Growth Rate in Estonia to stand at 1.50 in 12 months time. In the long-term, the Estonia GDP Growth Rate is projected to trend around 1.00 percent in 2021 and 0.90 percent in 2022, according to our econometric models.