The Estonian economy advanced 3.9 percent year-on-year in the fourth quarter of 2019, following an upwardly revised 4.8 percent growth in the previous period. On the production side, the main contributors to economic growth were information and communication; wholesale and retail trade, and professional, scientific & technical activities; and manufacturing. On a seasonally adjusted quarterly basis, the GDP went up by 0.9 percent in the fourth quarter, easing from an upwardly revised 1.2 percent growth in Q3. Considering 2019 full year, the economy grew 4.3 percent year-on-year.
GDP Annual Growth Rate in Estonia averaged 4.25 percent from 1996 until 2019, reaching an all time high of 13.20 percent in the fourth quarter of 1997 and a record low of -19.30 percent in the third quarter of 2009. This page provides - Estonia GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Estonia GDP Annual Growth Rate - data, historical chart, forecasts and calendar of releases - was last updated on May of 2020.
GDP Annual Growth Rate in Estonia is expected to be -12.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Annual Growth Rate in Estonia to stand at -3.00 in 12 months time. In the long-term, the Estonia GDP Annual Growth Rate is projected to trend around 6.50 percent in 2021 and 4.00 percent in 2022, according to our econometric models.