Name: Estonia Full Year GDP Growth
Creator: TRADING ECONOMICS
License: https://creativecommons.org/licenses/by/4.0/

Full Year GDP Growth in Estonia increased to 8 percent in 2021 from -0.60 percent in 2020. source: Statistics Estonia

Full Year GDP Growth in Estonia averaged 4.22 percent from 1996 until 2021, reaching an all time high of 13.10 percent in 1997 and a record low of -14.60 percent in 2009. This page includes a chart with historical data for Estonia Full Year GDP Growth. Estonia Full Year GDP Growth - data, historical chart, forecasts and calendar of releases - was last updated on January of 2023.

Full Year GDP Growth in Estonia is expected to reach 1.70 percent by the end of 2023, according to Trading Economics global macro models and analysts expectations. In the long-term, the Estonia Full Year GDP Growth is projected to trend around 3.60 percent in 2024 and 3.40 percent in 2025, according to our econometric models.

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Estonia Full Year GDP Growth

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.