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.

-3.2 %
1ST QUARTER 2023
Real GDP growth rate (quarterly, seasonally adjusted) -0.6 %
1ST QUARTER 2023
GDP at current prices 8.73 billion euros
1ST QUARTER 2023
GDP at current prices per capita 27,167.4 euros
14.9%
2022
Private consumption at current prices 4.44 billion euros
1ST QUARTER 2023
Private consumption (annual real growth rate) -1.9 %
1ST QUARTER 2023
Investments (annual real growth rate) -3.4 %
1ST QUARTER 2023
Productivity per hour worked (annual real growth rate, seasonally adjusted) -6.4 %
1ST QUARTER 2023
Unit labour cost (annual nominal indicator change, seasonally adjusted) 18.8 %
1ST QUARTER 2023
GDP per capita by county, % of Estonian average | 2021
News

Recession was wide-ranging in the first quarter

According to Statistics Estonia, the gross domestic product (GDP) decreased by 3.2% at constant prices in the first quarter of 2023 compared with the same quarter a year earlier. The GDP at current prices amounted to 8.7 billion euros.
Read more 31. May 2023
News

The Estonian economy contracted by 1.3% last year

According to the preliminary data of Statistics Estonia, in the fourth quarter of 2022, the gross domestic product (GDP), which shows how the Estonian economy is doing, declined by 4.1% compared with the same period of 2021. The GDP at current prices was 10 billion euros.
Read more 1. March 2023