National accounts

Gross domestic product

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Minifacts about Estonia 2017 (p. 26)

In 2016, the gross domestic product (GDP) at current prices was 20.9 billion euros. The year was characterised by a slow but steady growth of the GDP. In Estonia, the real growth of the GDP was 1.6%, while the European Union’s GDP increased 1.9%.

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National accounts

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Annika Laarmaa
– Eesti Statistika Kvartalikiri. 2/17. Quarterly Bulletin of Statistics Estonia (p. 74)

In the second half of 2016, Estonia’s economic growth increased; most economic activities contributed to the growth of the gross domestic product. Both domestic and external demand increased as well. Although domestic demand was still slowed down by the decline in investments, private consumption expenditure remained high.

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Economic growth rate accelerated in the 1st quarter

news release no 64

According to Statistics Estonia, the gross domestic product (GDP) of Estonia increased 4.4% in the 1st quarter of 2017 compared to the 1st quarter of the previous year.

Contribution to the GDP growth, 1st quarter 2017

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The Estonian economy grew last year

news release no 22

According to Statistics Estonia, in 2016, the gross domestic product (GDP) of Estonia increased 1.6% compared to 2015. In the 4th quarter of 2016, the Estonian economy grew 2.7% compared to the 4th quarter of 2015.

Contribution to the GDP growth, 4th quarter 2016

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The share of the service sector in counties has grown

news release no 141

According to Statistics Estonia, differences in the economic structures of counties have increased, while the majority of the value added generated in the Estonian economy was still created in Harju County. 69% of the gross value added in Estonia was created in the service sector, the share of which has increased in seven counties in the last four years.

Map: GDP per capita

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