GDP flash estimate: economy contracted by 2.1% in Q1

Posted on 30 April 2024, 20:47

According to Statistics Estonia’s preliminary estimate, the decline in the gross domestic product (GDP) slowed down in the first quarter of 2024. The GDP fell by about 2.1% compared with the first quarter of 2023.

Compared with the last quarter of 2023, the seasonally and working-day adjusted GDP remained on the same level.

According to Eurostat, the EU economy also picked up slightly in the first quarter, as the GDP of the EU grew by 0.5%. 

Flash estimate of GDP, at constant prices and seasonally and working-day adjusted

Statistics Estonia will publish GDP data for the first quarter of 2024 on 31 May.

See also the GDP flash estimate in the statistical database. Learn more about national accounts.

When using Statistics Estonia’s data and graphs, please indicate the source.


For further information:

Heidi Kukk
Media Relations Manager
Marketing and Dissemination Department
Statistics Estonia
Tel +372 625 9181
press [at] (press[at]stat[dot]ee)