National accounts
National accounts are a kind of an accounting system for the country, showing how the economy is performing.
Economic growth is mainly measured by the gross domestic product (GDP) and gross national income (GNI). The higher these indicators, the better Estonia and the people living here are doing. In addition to aggregate indicators, we analyse data by sectors and compile input-output tables to study the interactions between sectors of the economy.
National accounts provide information on
- changes in the gross domestic product (GDP);
- gross national income;
- productivity indicators;
- financial well-being of sectors (sector accounts)
- interactions between sectors of the economy (input-output tables).
National accounts indicators help to understand economic developments, and they are used in planning the activities of public institutions and enterprises.
Productivity per hour worked (annual real growth rate, seasonally adjusted)
-3.5 %
4TH QUARTER 2023
Unit labour cost (annual nominal indicator change, seasonally adjusted)
11.3 %
4TH QUARTER 2023
GDP per capita by county, % of Estonian average | 2022
News
The economy contracted by 3% last year
According to Statistics Estonia, in the fourth quarter of 2023, the gross domestic product (GDP) decreased by 2.7% compared with the same period of 2022. The GDP at current prices was 9.9 billion euros in the fourth quarter. In 2023 as a whole, Estonia’s GDP decreased by 3% and amounted to 37.7 billion euros at current prices.
News
GDP flash estimate: economy contracted by 3% in Q4
According to Statistics Estonia's preliminary estimate, gross domestic product (GDP) continued to decline in the fourth quarter of 2023. GDP fell by approximately 3% compared with the fourth quarter of 2022.
News
Economic downturn accelerated again in the third quarter
In the third quarter of 2023, the gross domestic product (GDP) decreased by 3.9% compared with the same quarter of 2022. The GDP at current prices amounted to 9.4 billion euros.
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