Estonia GDP Annual Growth Rate  1996-2017 | Data | Chart | Calendar

The Estonian economy advanced 5.7 percent year-on-year in the second quarter of 2017, following an upwardly revised 4.6 percent expansion in the previous period. It was the strongest growth rate since the third quarter of 2011, boosted by fixed investment (18.2 percent from 16.8 percent in Q1), household consumption (2 percent from 0.9 percent in Q1) and government spending (0.6 percent from 0.1 percent in Q1). Meanwhile, net external demand contributed negatively, with exports growing 1.3 percent (7.3 percent in Q1) and imports increasing at a faster 2.2 percent (4.7 percent in Q1). On the production side, the biggest contributor to GDP growth was construction, followed by professional, scientific and technical activities, transportation and storage, information and communication, and energy. On a seasonally and working-day adjusted basis, the economy expanded 1.3 percent from the first quarter. GDP Annual Growth Rate in Estonia averaged 4.19 percent from 1996 until 2017, 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.

Estonia GDP Annual Growth Rate
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Calendar GMT Actual Previous Consensus TEForecast
2017-02-28 06:00 AM GDP Growth Rate YoY 2.7% 1.3% 1.2%
2017-05-31 05:00 AM GDP Growth Rate YoY 4.4% 2.7% 2.5%
2017-08-31 05:00 AM GDP Growth Rate YoY 5.7% 4.6% 4.2%
2017-11-30 06:00 AM GDP Growth Rate YoY 5.7% 5.1%


Estonia GDP Last Previous Highest Lowest Unit
GDP Growth Rate 1.30 1.20 4.80 -9.10 percent [+]
GDP Annual Growth Rate 5.70 4.60 13.20 -19.30 percent [+]
GDP 23.14 22.46 26.21 3.88 USD Billion [+]
GDP Constant Prices 4821.30 4383.17 4821.30 1865.23 EUR Million [+]
Gross Fixed Capital Formation 1282.16 1054.81 1556.86 268.35 EUR Million [+]
GDP per capita 17853.40 17591.74 17853.40 7313.74 USD [+]
GDP per capita PPP 27735.14 27328.64 27735.14 9423.05 USD [+]
GDP From Agriculture 50.91 99.02 188.39 49.55 EUR Million [+]
GDP From Construction 284.91 197.36 354.58 56.20 EUR Million [+]
GDP From Manufacturing 739.31 629.72 739.31 199.33 EUR Million [+]
GDP From Mining 58.84 60.93 62.80 18.85 EUR Million [+]
GDP From Services 56.34 52.42 69.51 19.45 EUR Million [+]
GDP From Transport 333.70 288.34 376.30 149.74 EUR Million [+]


Estonia GDP Annual Growth Rate

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. This page provides - Estonia GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Estonia GDP Annual Growth Rate - actual data, historical chart and calendar of releases - was last updated on October of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
5.70 4.60 13.20 -19.30 1996 - 2017 percent Quarterly
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gdp annual growth rate by Country

Last
China 6.80 Sep/17
India 5.70 Jun/17
Turkey 5.10 Jun/17
Indonesia 5.01 Jun/17
Canada 3.70 Jun/17
Netherlands 3.30 Jun/17
Spain 3.10 Jun/17
South Korea 2.70 Jun/17
Russia 2.50 Jun/17
Euro Area 2.30 Jun/17
United States 2.20 Jun/17
Germany 2.10 Jun/17
Australia 1.80 Jun/17
France 1.80 Jun/17
Mexico 1.80 Jun/17
Italy 1.50 Jun/17
United Kingdom 1.50 Jun/17
Japan 1.40 Jun/17
Brazil 0.30 Jun/17
Switzerland 0.30 Jun/17