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.

-3.9 %
3RD QUARTER 2023
Real GDP growth rate (quarterly, seasonally adjusted) -1.3 %
3RD QUARTER 2023
GDP at current prices 9.43 billion euros
3RD QUARTER 2023
GDP at current prices per capita 27,039.5 euros
15.4%
2022
Private consumption at current prices 4.88 billion euros
3RD QUARTER 2023
Private consumption (annual real growth rate) -2.4 %
3RD QUARTER 2023
Investments (annual real growth rate) 9.8 %
3RD QUARTER 2023
Productivity per hour worked (annual real growth rate, seasonally adjusted) -4.5 %
3RD QUARTER 2023
Unit labour cost (annual nominal indicator change, seasonally adjusted) 15.8 %
3RD QUARTER 2023
GDP per capita by county, % of Estonian average | 2022
News

GDP flash estimate: economy contracted by 2.5% in Q3

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%.
Read more 30. October 2023

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