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.

-6.9 %
2ND QUARTER 2020
Real GDP growth rate (quarterly, seasonally adjusted) -5.6 %
2ND QUARTER 2020
GDP at current prices 6.45 billion euros
2ND QUARTER 2020
GDP at current prices per capita 21 219.8 euros
7.9%
2019
Private consumption at current prices 3.00 billion euros
2ND QUARTER 2020
Private consumption (annual real growth rate) -8.7 %
2ND QUARTER 2020
Investments (annual real growth rate) -15.3 %
2ND QUARTER 2020
Productivity per hour worked (annual real growth rate, seasonally adjusted) 5.4 %
2ND QUARTER 2020
Unit labour cost (annual nominal indicator change, seasonally adjusted) 1.2 %
2ND QUARTER 2020
GDP per capita by county, % of Estonian average
News

In the 1st quarter, GDP fell by 0.7%

According to Statistics Estonia, in the 1st quarter of 2020, the gross domestic product (GDP) fell by 0.7% compared to the 1st quarter of 2019. The GDP at current prices was 6.5 billion euros.
Read more 29. May 2020