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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.

5.4 %
1ST QUARTER 2021
Real GDP growth rate (quarterly, seasonally adjusted) 4.8 %
1ST QUARTER 2021
GDP at current prices 6.87 billion euros
1ST QUARTER 2021
GDP at current prices per capita 20,442.0 euros
-3.7%
2020
Private consumption at current prices 3.12 billion euros
1ST QUARTER 2021
Private consumption (annual real growth rate) -3.3 %
1ST QUARTER 2021
Investments (annual real growth rate) 54.7 %
1ST QUARTER 2021
Productivity per hour worked (annual real growth rate, seasonally adjusted) 4.2 %
1ST QUARTER 2021
Unit labour cost (annual nominal indicator change, seasonally adjusted) -3.9 %
1ST QUARTER 2021
GDP per capita by county, % of Estonian average
News

In the fourth quarter, the economy contracted by 1.2%

According to Statistics Estonia, in the fourth quarter of 2020, the gross domestic product (GDP) decreased by 1.2% year on year, and the GDP at current prices was 7.3 billion euros. In 2020 as a whole, the Estonian economy shrank by 2.9%.
Read more 1. March 2021

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