The Estonian economy advanced 4.2 percent year-on-year in the third quarter of 2018, following an upwardly revised 3.8 percent growth in the previous period. It was the highest annual growth rate since the last quarter 2017, amid a strong rebound in fixed investment (4.2 pct vs -0.6 pct in Q2). Meanwhile, private consumption rose at a softer pace (4.1 pct vs 5.2 pct) and government spending contracted further (-0.8 pct vs -0.5 pct). Also, net exports contributed negatively to the GDP growth, as imports increased by 6.1 percent (vs 8 percent in Q2), while exports grew much softer at 0.8 percent (vs 6.5 percent). On the production side, the main contributors to economic growth were construction; manufacturing; professional, scientific & technical activities; information & communication; and transportation & storage. On a seasonally adjusted quarterly basis, the GDP rose by 0.4 percent in the September quarter, slowing from a 1.4 percent expansion in the second quarter. GDP Annual Growth Rate in Estonia averaged 4.25 percent from 1996 until 2018, 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.

GDP Annual Growth Rate in Estonia is expected to be 3.40 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 3.30 in 12 months time. In the long-term, the Estonia GDP Annual Growth Rate is projected to trend around 2.60 percent in 2020, according to our econometric models.

Estonia GDP Annual Growth Rate
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Calendar GMT Actual Previous Consensus TEForecast
2018-02-28 06:00 AM GDP Growth Rate YoY 5% 4.2% 4.5%
2018-05-31 05:00 AM GDP Growth Rate YoY 3.6% 5% 4.6%
2018-08-31 05:00 AM GDP Growth Rate YoY 3.7% 3.3% 4.2%
2018-11-30 06:00 AM GDP Growth Rate YoY 4.2% 3.8% 4.1%
2019-02-28 06:00 AM GDP Growth Rate YoY 4.2% 3.60%
2019-05-31 05:00 AM GDP Growth Rate YoY 3.70%
2019-08-30 05:00 AM GDP Growth Rate YoY 3.60%


Estonia GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.40 1.40 4.80 -9.10 percent [+]
GDP Annual Growth Rate 4.20 3.80 13.20 -19.30 percent [+]
GDP 25.92 23.34 26.22 3.88 USD Billion [+]
GDP Constant Prices 4962.86 5078.95 5078.95 1865.23 EUR Million [+]
Gross Fixed Capital Formation 1307.21 1302.22 1556.86 268.35 EUR Million [+]
GDP per capita 18977.39 18094.59 18977.39 7313.74 USD [+]
GDP per capita PPP 29481.25 28109.82 29481.25 9423.05 USD [+]
GDP From Agriculture 131.04 1.44 188.39 1.44 EUR Million [+]
GDP From Construction 425.36 382.75 425.36 56.20 EUR Million [+]
GDP From Manufacturing 715.06 808.11 808.11 199.33 EUR Million [+]
GDP From Mining 71.62 67.62 98.92 18.85 EUR Million [+]
GDP From Services 64.68 57.60 69.51 19.45 EUR Million [+]
GDP From Transport 406.53 414.76 414.76 149.74 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 December of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
4.20 3.80 13.20 -19.30 1996 - 2018 percent Quarterly
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