National accounts

Economic growth accelerated in 2017

news release no 21

According to Statistics Estonia, in 2017, the gross domestic product (GDP) of Estonia increased 4.9% compared to 2016. In the 4th quarter of 2017, the Estonian economy grew by 5.0% compared to the 4th quarter of 2016.

Contribution to GDP growth, 4th quarter 2017

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The share of the service sector has grown in all counties

news release no 134

According to Statistics Estonia, 64%, i.e. the majority of the value added generated in the Estonian economy in 2016 was created in Harju county. The share of the service sector continues to grow, having increased in 2016 by more than 2 percentage points in most counties.

<br>Estonia’s GDP by county, 2016

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The economy continued to grow in the 3rd quarter

news release no 125

According to Statistics Estonia, the gross domestic product (GDP) of Estonia increased 4.2% in the 3rd quarter of 2017 compared to the 3rd quarter of the previous year.

Contribution to GDP growth by economic activity, 3rd quarter 2017

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Economic growth further accelerated in the 2nd quarter

news release no 93

According to Statistics Estonia, the gross domestic product (GDP) of Estonia increased 5.7% in the 2nd quarter of 2017 compared to the 2nd quarter of 2016.

Contribution to the GDP growth by economic activity, 2nd quarter 2017

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Gross domestic product

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%.

Publication cover

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National accounts

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

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.

Publication cover

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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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In the 3rd quarter, economic growth was driven by transportation, trade and the energy sector

news release no 137

According to the second estimates of Statistics Estonia, the gross domestic product (GDP) of Estonia increased 1.3% in the 3rd quarter of 2016 compared to the 3rd quarter of the previous year. The biggest contribution to GDP growth was made in the economic activity of transportation, followed by trade and the energy sector.

Diagram: Real growth of GDP and of domestic demand, compared to the same quarter of the previous year, 1st quarter 2010 – 3rd quarter 2016

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