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)
-3.6 %
2ND QUARTER 2024
Unit labour cost (annual nominal indicator change, seasonally adjusted)
9.0 %
1ST QUARTER 2024
GDP per capita by county, % of Estonian average | 2022
News
The economy contracted by 1% in Q2
According to Statistics Estonia, in the second quarter of 2024, the gross domestic product (GDP) decreased by 1% compared with the same period of 2023. The GDP at current prices amounted to €9.8 billion.
News
The 2024 major revision of Estonia’s GDP has been completed
Statistics Estonia has revised the entire time series of gross domestic product (GDP) starting from 1995. During the revision, updated basic data sources were incorporated and methodological improvements were made.
News
GDP flash estimate: recession slowed down in Q2
According to Statistics Estonia's preliminary estimate, the decline in the gross domestic product (GDP) slowed down in the second quarter of 2024. GDP fell by approximately 1.7% compared with the second quarter of 2023.
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