The economy of Estonia advanced by 1.8% year-on-year in Q2 2026, slowing sharply from an upwardly revised 2.9% growth in Q1. The deceleration came as household spending (1.6% vs 3.8% in Q1) and government spending (0.5% vs 4.5%) both eased sharply. On the external front, exports of goods and services accelerated (2.7% vs 1.3% in Q1), though at a slower pace than imports, which accelerated to 4.3% from 1.1% in Q1. For the first time since the fourth quarter of 2024, net exports were negative. Meanwhile, gross fixed capital formation fell at a softer pace (-6.1% vs -10.6%). On the production side, the largest positive contributions came from manufacturing, which grew 6.5%, followed by agriculture, forestry, and fishing, which jumped 168.3% due to a low base effect last year, while the construction sector expanded 7.5%. On a seasonally adjusted quarterly basis, GDP grew by 0.3%, easing from a downwardly revised 1.0% increase in Q1. source: Statistics Estonia

The Gross Domestic Product (GDP) in Estonia expanded 1.80 percent in the second quarter of 2026 over the same quarter of the previous year. GDP Annual Growth Rate in Estonia averaged 3.51 percent from 1996 until 2026, reaching an all time high of 14.30 percent in the fourth quarter of 1997 and a record low of -19.40 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 September of 2026.

The Gross Domestic Product (GDP) in Estonia expanded 1.80 percent in the second quarter of 2026 over the same quarter of the previous year. GDP Annual Growth Rate in Estonia is expected to be 1.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Estonia GDP Annual Growth Rate is projected to trend around 1.40 percent in 2027 and 2.00 percent in 2028, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-05-29 05:00 AM
GDP Growth Rate YoY
Q1 2.4% 0.7% 1.2%
2026-08-31 05:00 AM
GDP Growth Rate YoY
Q2 1.8% 2.9% 1.1%
2026-11-30 06:00 AM
GDP Growth Rate YoY
Q3 1.8% 1.5%


Related Last Previous Unit Reference
Full Year GDP Growth 0.60 -0.10 percent Dec 2025
GDP Growth Rate YoY 1.80 2.90 percent Jun 2026
GDP Constant Prices 7741.80 7142.70 EUR Million Jun 2026
GDP from Agriculture 57.80 125.30 EUR Million Jun 2026
GDP from Construction 399.00 285.40 EUR Million Jun 2026
GDP from Manufacturing 945.40 873.20 EUR Million Jun 2026
GDP from Mining 46.30 28.20 EUR Million Jun 2026
GDP from Services 121.90 103.40 EUR Million Jun 2026
GDP from Transport 373.20 378.10 EUR Million Jun 2026
GDP Growth Rate 0.30 1.00 percent Jun 2026
Gross Fixed Capital Formation 1727.20 1440.10 EUR Million Jun 2026


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.
Actual Previous Highest Lowest Dates Unit Frequency
1.80 2.90 14.30 -19.40 1996 - 2026 percent Quarterly
NSA

News Stream
Estonian Q2 GDP Annual Growth Slows to 1.8%
The economy of Estonia advanced by 1.8% year-on-year in Q2 2026, slowing sharply from an upwardly revised 2.9% growth in Q1. The deceleration came as household spending (1.6% vs 3.8% in Q1) and government spending (0.5% vs 4.5%) both eased sharply. On the external front, exports of goods and services accelerated (2.7% vs 1.3% in Q1), though at a slower pace than imports, which accelerated to 4.3% from 1.1% in Q1. For the first time since the fourth quarter of 2024, net exports were negative. Meanwhile, gross fixed capital formation fell at a softer pace (-6.1% vs -10.6%). On the production side, the largest positive contributions came from manufacturing, which grew 6.5%, followed by agriculture, forestry, and fishing, which jumped 168.3% due to a low base effect last year, while the construction sector expanded 7.5%. On a seasonally adjusted quarterly basis, GDP grew by 0.3%, easing from a downwardly revised 1.0% increase in Q1.
2026-08-31
Estonia Q1 GDP Strongest Since 2021
The economy of Estonia expanded by 2.4% year-on-year in Q1 2026, accelerating sharply from 0.7% growth in Q4 2025. It marked the strongest economic expansion since Q4 2021, as household spending rebounded notably (4.2% vs -0.1% in Q4 2025), while government spending accelerated further (4.8% vs 3.1%). Moreover, gross fixed capital formation strengthened (6.9% vs 4.3%). On the external front, exports of goods and services slowed sharply (0.6% vs 5.0% in Q4 2025), while imports also eased (1.6% vs 3.5%). On the production side, the largest positive contributions came from the manufacturing (7.9%), energy (21.5%), and real estate (4.4%) sectors. On a seasonally adjusted quarterly basis, GDP grew by 1.1%, up from an upwardly revised 0.3% increase in Q4, marking the strongest quarterly growth since Q4 2021.
2026-05-29
Estonia GDP Growth Eases in Q4
The economy of Estonia expanded 0.7% year-on-year in the final quarter of 2025, easing from a revised 1.1% increase in the previous period. Government spending slowed (3.1% vs 3.4% in Q3), while private consumption remained weak (-0.4%). Net external demand also supported growth, as exports (4.7% vs 4.8%) rose faster than imports (3.1% vs 6.2%). Meanwhile, fixed investments rebounded (6.9% vs -0.5%). On the production side, the most positive contributions to GDP came from the manufacturing industry, along with information and communication. On a seasonally adjusted quarterly basis, GDP contracted by 0.1% in the fourth quarter, reversing from a downwardly revised 0.1% rise in the preceding period. For the full year 2025, the economy grew 0.6%.
2026-03-02