Estonia Q1 GDP Strongest Since 2021

2026-05-29 05:19 By Czyrill Jean Coloma 1 min. read

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.



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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.
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