GDP flash estimate: economy contracted by 2.5% in Q3

Posted on 30 October 2023, 12:53

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%.

In comparison with the previous quarters, the recession has slowed a little.

The seasonally and working-day adjusted GDP remained unchanged from the second quarter of 2023.

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

Statistics Estonia will publish GDP data for the third quarter of 2023 on November 30.

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:

Vahur Koorits
Communications Partner
Marketing and Dissemination Department
Statistics Estonia
Tel +372 625 9204
press [at] (press[at]stat[dot]ee)

Photo: Shutterstock