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.
Real GDP growth rate (quarterly, seasonally adjusted)
-1.3 %
QUARTER 2023 3RD
GDP at current prices
9.43 billion euros
QUARTER 2023 3RD
GDP at current prices per capita
27,039.5 euros
15.4%
2022
Private consumption at current prices
4.88 billion euros
QUARTER 2023 3RD
Private consumption (annual real growth rate)
-2.4 %
QUARTER 2023 3RD
Investments (annual real growth rate)
9.8 %
QUARTER 2023 3RD
Productivity per hour worked (annual real growth rate, seasonally adjusted)
-4.5 %
QUARTER 2023 3RD
Unit labour cost (annual nominal indicator change, seasonally adjusted)
15.8 %
QUARTER 2023 3RD
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.
News
GDP flash estimate: economy contracted by 2.5% in Q3
According to Statistics Estonia's preliminary estimate, gross domestic product (GDP) continued to decline in the third quarter of 2023. Robert Müürsepp, team lead of national accounts at Statistics Estonia, said that, compared with the third quarter of 2022, GDP fell by around 2.5%.
News
Recession slowed down in the second quarter. Photo: Shutterstock
According to Statistics Estonia, the gross domestic product (GDP) decreased by 2.9% in the second quarter of 2023 compared with the same quarter a year earlier. The GDP at current prices amounted to 9.4 billion euros.
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