National accounts

The methodology for calculating the national accounts data changed

news release no 102

Statistics Estonia revised the national accounts time series from 1995 onwards. As a result of all corrections, the annual gross domestic product (GDP) at current prices changed on average by 0.8% in 1995–2018.

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Economic growth slowed down in the 2nd quarter

news release no 101

According to Statistics Estonia, gross domestic product (GDP) of Estonia increased 3.6% in the 2nd quarter of 2019 compared to the same period of the previous year.

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1st quarter GDP at 6.7 billion euros in current prices

news release no 68
The news release was corrected on 31.05.2019. Please consider the figure marked in red as correct.

According to Statistics Estonia, the year-on-year growth of the gross domestic product (GDP) of Estonia was 4.5% in the first quarter of 2019.

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Calculating the net growth value of standing forest

article
Annika Laarmaa

The European Union budget is financed from own resources based on the gross national income (GNI). The task of Eurostat is to monitor that the Member States’ contributions to the EU budget are correctly calculated on the basis of the GNI. If Eurostat finds that a Member State could modify the methodology for calculating the GNI, it submits a precept and requires improvement of the methodology. By autumn 2019, Statistics Estonia will have to make changes in the time series of the Estonian national accounts. Standing timber will have to be recorded as inventory of work-in-progress continuously over the entire growth period. Whereas so far only felled timber was recorded in output calculations, starting from autumn 2019 forest growth is taken into account as well.

formula

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In 2018, rapid economic growth continued in Estonia

news release no 22

According to Statistics Estonia, in 2018, the gross domestic product (GDP) of Estonia increased 3.9% compared to 2017. For the third consecutive year the economic growth in Estonia was faster than 3%. In the 4th quarter of 2018, the Estonian economy increased by 4.2% compared to the 4th quarter of 2017.

Contribution to GDP growth, 2018

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Per capita GDP of counties becoming more even

news release no 132
Data in the figure have been changed on 13.12

According to Statistics Estonia, 64% of the gross value added of the Estonian gross domestic product (GDP) in 2017 was created in Harju county. However, the differences between counties as regards GDP per capita are getting smaller.

GDP per capita, 2014 and 2017

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Economic growth accelerated in the 3rd quarter

news release no 123
The news release was corrected on 30.11.2018. Please consider the figure marked in red as correct.

According to Statistics Estonia, the gross domestic product (GDP) of Estonia grew by 4.2% in the third quarter of 2018 compared to the same period of the previous year.

Contribution to GDP growth, 3rd quarter 2018

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Economic growth in Estonia increased significantly

article
Robert Müürsepp

Economic growth in Estonia was broad-based. In the previous years, the growth was largely due to internal consumption, whereas in 2017, the growth became more broad‑based. The role of household consumption decreased. After years of decline, investments began to increase again as a result of improved economic climate, indicating a positive mind-set of entrepreneurs.

GDP chain-linked volume change, 2010‒2017

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Economic growth slowed down in the first quarter

news release no 62

According to Statistics Estonia, the gross domestic product (GDP) of Estonia grew by 3.6% in the first quarter of 2018, compared to the same period of the previous year.

Change of chain-linked value compared to the same period of the previous year, 2014–2018

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Economic growth accelerated in 2017

news release no 21

According to Statistics Estonia, in 2017, the gross domestic product (GDP) of Estonia increased 4.9% compared to 2016. In the 4th quarter of 2017, the Estonian economy grew by 5.0% compared to the 4th quarter of 2016.

Contribution to GDP growth, 4th quarter 2017

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