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Robert Müürsepp, team lead of national accounts at Statistics Estonia, said that the improvement in Estonian economy continued in the first quarter of 2025. “Compared with the first quarter of 2024, the GDP increased by 1.2%. Compared with the fourth quarter of 2024, the seasonally and working-day adjusted GDP was up by 0.1%,” explained Müürsepp. Statistics Estonia will publish GDP data for the first quarter of 2025 on 30 May . The GDP flash estimate is prepared using statistical models and it is not methodologically comparable to the official GDP time series. See the GDP flash estimate in the

Robert Müürsepp, team lead of national accounts at Statistics Estonia, said that the preliminary estimate shows signs of improvement in the Estonian economy in the fourth quarter of last year. “There was no more major recession, as the seasonally and working-day adjusted GDP remained unchanged from the third quarter of 2024. Compared with the fourth quarter of 2023, the economy contracted only slightly,” noted Müürsepp. Statistics Estonia will publish GDP data for the fourth quarter of 2024 on 3 March . See also the GDP flash estimate in the statistical database . Learn more about national

Robert Müürsepp, team lead of national accounts at Statistics Estonia, said that, compared with the previous quarter, the economy was stable. “Compared with the second quarter of 2024, the seasonally and working-day adjusted GDP was up by 0.1%,” noted Müürsepp. According to Eurostat , the EU economy showed slightly faster growth in the third quarter, as the increase in GDP was 0.9% year on year. Statistics Estonia will publish more detailed GDP data for the third quarter of 2024 on 29 November . See also the GDP flash estimate in the statistical database . Learn more about national accounts

According to Statistics Estonia's preliminary estimate, the decline in the gross domestic product (GDP) slowed down in the second quarter of 2024. GDP fell by approximately 1.7% compared with the second quarter of 2023.

Robert Müürsepp, the national accounts team lead at Statistics Estonia, said that the GDP, which had shown growth in the fourth quarter last year, was again down a little in the first quarter this year. “A month ago, we published a model-based flash estimate which suggested that the economy might be slightly improving. However, the flash estimate underestimated some irregular factors in the fourth quarter. Vehicle sales were exceptionally high in the fourth quarter in anticipation of the introduction of the motor vehicle tax from 2025. But the model could not fully foresee the significant

Statistics Estonia has revised the entire time series of gross domestic product (GDP) starting from 1995. During the revision, updated basic data sources were incorporated and methodological improvements were made.

Kaia Oras, a leading expert at Statistics Estonia, explained that the growth in demand for environmental goods and services has been due to both increased awareness of environmental problems as well as higher environmental and energy saving requirements, especially in construction. “The rapid growth in energy-efficient new construction and reconstruction of buildings has a huge impact. Together, these generated €1.5 billion in output,” Oras added. Among the energy produced from renewables, electricity and heat production from renewable energy sources accounted for €482.2 million and the

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.

Sigrid Saagpakk, analyst at Statistics Estonia, explained that the gender pay gap was over 20% in five economic activities: financial and insurance activities (25.5%), information and communication (24.4%), wholesale and retail trade, repair of motor vehicles and motorcycles (23.5%), human health and social work activities (20.7%), and manufacturing (20.2%). Compared with 2023, the gender pay gap in other service activities changed the most, from −18.4% in 2023 to 14.8% in 2024. Last year, the gender pay gap was negative only in one activity – transportation and storage (−7.1%). “It means that

According to Statistics Estonia's preliminary estimate, gross domestic product (GDP) continued to decline in the fourth quarter of 2023. GDP fell by approximately 3% compared with the fourth quarter of 2022.