The economy of Estonia contracted 0.3% in 2024, following a 3% slump in 2023. Household consumption continued to drop, albeit at a slower rate (-0.4% vs -1.5% in 2023). Meanwhile, government spending rose at a softer pace (0.3% vs 0.9%). Fixed investments also fell sharply (-6.9% vs 7.5%). Additionally, net external demand contributed negatively to the GDP, as exports decreased (-1.1%), while imports showed no growth. source: Statistics Estonia
Full Year GDP Growth in Estonia averaged 3.59 percent from 1996 until 2024, reaching an all time high of 13.10 percent in 1997 and a record low of -14.60 percent in 2009. This page includes a chart with historical data for Estonia Full Year GDP Growth. Estonia Full Year GDP Growth - data, historical chart, forecasts and calendar of releases - was last updated on September of 2025.
Full Year GDP Growth in Estonia is expected to reach 1.30 percent by the end of 2025, according to Trading Economics global macro models and analysts expectations. In the long-term, the Estonia Full Year GDP Growth is projected to trend around 2.30 percent in 2026 and 2.20 percent in 2027, according to our econometric models.