The Estonian economy advanced 3.6 percent year-on-year in the second quarter of 2019, following an upwardly revised 5 percent growth in the previous period. It was the weakest annual GDP growth rate since the first quarter 2018, amid a slowdown in private consumption (1.1% vs 5.4%) and government spending (0.7% vs 5.9%), while net exports contributed negatively to the GDP growth, as exports grew by 2.2 percent (vs 4.7%), while imports rose at a faster 5.0 percent (vs 4.1%). Meantime, fixed investment continued to rise (24.6% vs 17.8%). On the production side, the main contributors to economic growth were information and communication; professional, scientific & technical activities; wholesale and retail trade, and manufacturing. On a seasonally adjusted quarterly basis, the GDP went up by 0.4 percent in the second quarter, slowing from an upwardly revised 0.9 percent growth in Q1. GDP Annual Growth Rate in Estonia averaged 4.25 percent from 1996 until 2019, 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 2.90 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 2.10 in 12 months time. In the long-term, the Estonia GDP Annual Growth Rate is projected to trend around 2.50 percent in 2020, according to our econometric models.

Estonia GDP Annual Growth Rate
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Calendar GMT Actual Previous Consensus TEForecast
2018-11-30 06:00 AM GDP Growth Rate YoY Q3 4.2% 3.8% 4.1%
2019-02-28 06:00 AM GDP Growth Rate YoY Q4 4.2% 4.0% 3.3%
2019-05-31 05:00 AM GDP Growth Rate YoY Q1 4.5% 4.3% 4.3%
2019-08-30 05:00 AM GDP Growth Rate YoY Q2 3.6% 5.0% 3%
2019-11-29 06:00 AM GDP Growth Rate YoY Q3 3.6% 2.9%


Estonia GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.40 0.90 4.80 -9.10 percent [+]
GDP Annual Growth Rate 3.60 5.00 13.20 -19.30 percent [+]
GDP 30.28 26.61 30.28 3.90 USD Billion [+]
GDP Constant Prices 6221.07 5775.75 6253.91 2149.07 EUR Million [+]
Gross Fixed Capital Formation 1714.11 1420.77 1755.73 296.16 EUR Million [+]
GDP per capita 19948.90 19257.50 19948.90 6840.10 USD [+]
GDP per capita PPP 30990.51 29916.36 30990.51 10626.06 USD [+]
GDP From Agriculture 82.17 120.56 218.36 31.98 EUR Million [+]
GDP From Construction 432.87 317.00 470.80 64.54 EUR Million [+]
GDP From Manufacturing 904.89 868.61 904.89 217.02 EUR Million [+]
GDP From Mining 88.42 101.70 106.39 24.42 EUR Million [+]
GDP From Services 87.83 77.21 97.98 27.32 EUR Million [+]
GDP From Transport 518.44 478.82 518.44 178.40 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 2019.

Actual Previous Highest Lowest Dates Unit Frequency
3.60 5.00 13.20 -19.30 1996 - 2019 percent Quarterly
NSA




Country Last Previous
China 6.20 Jun/19
Indonesia 5.05 Jun/19
India 5.00 Jun/19
United States 2.30 Jun/19
South Korea 2.00 Jun/19
Spain 2.00 Jun/19
Netherlands 1.80 Jun/19
Canada 1.60 Jun/19
Australia 1.40 Jun/19
France 1.40 Jun/19
United Kingdom 1.30 Jun/19
Euro Area 1.20 Jun/19
Brazil 1.00 Jun/19
Japan 1.00 Jun/19
Russia 0.90 Jun/19
South Africa 0.90 Jun/19
Argentina 0.60 Jun/19
Saudi Arabia 0.50 Jun/19
Germany 0.40 Jun/19
Switzerland 0.20 Jun/19
Singapore 0.10 Sep/19
Italy -0.10 Jun/19
Mexico -0.80 Jun/19
Turkey -1.50 Jun/19


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