The Gross Domestic Product (GDP) in Estonia contracted 5.60 percent in the second quarter of 2020 over the previous quarter, the most contraction since the fourth quarter 2008.. source: Statistics Estonia

GDP Growth Rate in Estonia averaged 0.90 percent from 1995 until 2020, reaching an all time high of 4.80 percent in the first quarter of 2004 and a record low of -9.10 percent in the fourth quarter of 2008. This page provides - Estonia GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Estonia GDP Growth Rate - data, historical chart, forecasts and calendar of releases - was last updated on October of 2020.

GDP Growth Rate in Estonia is expected to be 5.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Growth Rate in Estonia to stand at 1.50 in 12 months time. In the long-term, the Estonia GDP Growth Rate is projected to trend around 1.00 percent in 2021 and 0.90 percent in 2022, according to our econometric models.

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Estonia GDP Growth Rate

Actual Previous Highest Lowest Dates Unit Frequency
-5.60 -2.20 4.80 -9.10 1995 - 2020 percent Quarterly
SA, WDA


Calendar GMT Actual Previous Consensus TEForecast
2019-11-29 06:00 AM Q3 1.0% 0.8% 0.3%
2020-02-28 06:00 AM Q4 0.9% 1.2% 0.3%
2020-05-29 05:00 AM Q1 -3.7% 0.9% -1.3%
2020-08-31 05:00 AM Q2 -5.6% -2.2% -13.5%
2020-11-30 06:00 AM Q3 -5.6% 5%
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Estonia GDP Growth Rate
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. .