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Robert Müürsepp, the national accounts team lead at Statistics Estonia, said that the fourth quarter marked the end of 10 quarters of recession. “The last time the GDP grew was in the first quarter of 2022,” Müürsepp noted. In contrast to previous quarters, the majority of activities had a positive impact on the economy. “The energy sector led the way, with value added increasing by 21%. This was followed by real estate activities and information and communication – both saw their value added rise by 5.7%. Notably, manufacturing also recovered from the crisis, growing by 0.5%. The value added

Robert Müürsepp, team lead of national accounts at Statistics Estonia, noted that the economy, which has been falling for ten quarters in a row, is showing signs of improvement, but the biggest changes are still on the negative side. “Among the activities, construction had a strong negative impact on the economy, as did manufacturing. The biggest positive contributor after two years was again information and communication, where value added grew by 7.3%,” Müürsepp stated. Real estate activities and agriculture, forestry and fishing also made larger positive contributions to the economy. The

Robert Müürsepp, team lead of national accounts at Statistics Estonia, said that the improvement in Estonian economy continued in the first quarter of 2025. “Compared with the first quarter of 2024, the GDP increased by 1.2%. Compared with the fourth quarter of 2024, the seasonally and working-day adjusted GDP was up by 0.1%,” explained Müürsepp. Statistics Estonia will publish GDP data for the first quarter of 2025 on 30 May . The GDP flash estimate is prepared using statistical models and it is not methodologically comparable to the official GDP time series. See the GDP flash estimate in the

Robert Müürsepp, team lead of national accounts at Statistics Estonia, said that the preliminary estimate shows signs of improvement in the Estonian economy in the fourth quarter of last year. “There was no more major recession, as the seasonally and working-day adjusted GDP remained unchanged from the third quarter of 2024. Compared with the fourth quarter of 2023, the economy contracted only slightly,” noted Müürsepp. Statistics Estonia will publish GDP data for the fourth quarter of 2024 on 3 March . See also the GDP flash estimate in the statistical database . Learn more about national

According to Statistics Estonia, in the second quarter of 2024, the gross domestic product (GDP) decreased by 1% compared with the same period of 2023. The GDP at current prices amounted to €9.8 billion.

Robert Müürsepp, team lead of national accounts at Statistics Estonia, said that, compared with the previous quarter, the economy was stable. “Compared with the second quarter of 2024, the seasonally and working-day adjusted GDP was up by 0.1%,” noted Müürsepp. According to Eurostat , the EU economy showed slightly faster growth in the third quarter, as the increase in GDP was 0.9% year on year. Statistics Estonia will publish more detailed GDP data for the third quarter of 2024 on 29 November . See also the GDP flash estimate in the statistical database . Learn more about national accounts

Kaia Oras, a leading expert at Statistics Estonia, explained that the growth in demand for environmental goods and services has been due to both increased awareness of environmental problems as well as higher environmental and energy saving requirements, especially in construction. “The rapid growth in energy-efficient new construction and reconstruction of buildings has a huge impact. Together, these generated €1.5 billion in output,” Oras added. Among the energy produced from renewables, electricity and heat production from renewable energy sources accounted for €482.2 million and the