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.
Real GDP growth rate (quarterly, seasonally adjusted)
-1.8 %
3RD QUARTER 2022
GDP at current prices
9.30 billion euros
3RD QUARTER 2022
GDP at current prices per capita
23,641.6 euros
14.4%
2021
Private consumption at current prices
4.58 billion euros
3RD QUARTER 2022
Private consumption (annual real growth rate)
-0.4 %
3RD QUARTER 2022
Investments (annual real growth rate)
0.2 %
3RD QUARTER 2022
Productivity per hour worked (annual real growth rate, seasonally adjusted)
-6.2 %
3RD QUARTER 2022
Unit labour cost (annual nominal indicator change, seasonally adjusted)
15.0 %
3RD QUARTER 2022
GDP per capita by county, % of Estonian average | 2021
News
The economy contracted by 2.4% due to rising prices
According to Statistics Estonia, in the third quarter of 2022, the gross domestic product (GDP) fell by 2.4% year on year. The GDP at current prices was 9.3 billion euros.
News
Inflation reduced GDP growth to just 0.6% in the second quarter
In the second quarter of 2022, the gross domestic product (GDP) grew by 0.6% year on year. The GDP at current prices was 9 billion euros.
News
Economic growth hindered by rising prices
In the first quarter of 2022, the gross domestic product (GDP) grew by 4.3% year on year. The GDP at current prices was 8 billion euros.
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