Estonia: economy

What is the GDP growth rate of Estonia?

Estonia's GDP grew 1.8% in the second quarter of 2026 compared with a year earlier, according to Statistics Estonia on 31 August 2026. GDP at current prices was €11.1 billion in the quarter. It was the fifth quarter of growth in a row.

Manufacturing was the largest driver, with value added up 6.5%, while real estate activities, trade and energy supply fell. Eesti Pank forecast on 22 September 2026 that the economy will grow by around 2.5% in 2026 and in each of the next two years. Quarterly figures are revised as more data come in.

Official sources: Statistics Estonia: The economy grew by 1.8% in the second quarter · Eesti Pank: forecast, 22 September 2026

What is the inflation rate in Estonia?

Consumer prices in Estonia were 3.5% higher in September 2026 than a year earlier and rose 0.9% from August, according to Statistics Estonia on 7 October 2026. Goods were 3.6% and services 3.5% more expensive than a year before.

Housing and transport costs pushed the index up most, while food and non-alcoholic drinks were 1.2% cheaper than a year earlier. The EU-comparable harmonised index (HICP) is published by Eurostat. Statistics Estonia's consumer price index and the HICP use slightly different coverage, so their rates can differ.

Official sources: Statistics Estonia: The consumer price index increased faster in September · Eurostat: HICP annual rate of change

What is the GDP per capita of Estonia?

GDP per person in Estonia was €30,570 in 2025, according to Eurostat. Statistics Estonia puts GDP at €11.1 billion at current prices in the second quarter of 2026 alone, according to its quarterly release.

GDP per capita divides the value of everything produced in a year by the number of residents; Estonia had 1,360,745 residents on 1 January 2026. It measures output, not household income, and Eurostat also publishes it in purchasing power standards to adjust for price levels.

Official sources: Eurostat: Main GDP aggregates per capita · Statistics Estonia: Q2 2026 GDP

What is the economic forecast for Estonia?

Eesti Pank forecasts that the Estonian economy will grow by around 2.5% in 2026 and in each of the following two years, according to its forecast of 22 September 2026. It names a rise in inflation, if energy prices stay high, as the main risk.

The central bank says that, without additional measures, the budget deficit is forecast to exceed €2.2 billion a year in the years ahead. Its June 2026 forecast had put 2026 growth at 2.4%. Forecasts are based on assumptions about energy prices and external demand at the time they are made.

Official sources: Eesti Pank: forecast, 22 September 2026

Is Estonia's economy growing?

In 2025, real GDP growth in Estonia was 0.6%, according to the World Bank. Since 2005 it has ranged from -14.6% (2009) to 9.8% (2006). It is 45th highest of 49 in Europe & Central Asia, where the median is 2.1%. Worldwide: 163rd of 180.

What is Estonia's GDP per person?

The latest figure from the World Bank, for 2025, is $34,418. It is the top of the series, which starts in 2005. Europe & Central Asia median: $28,420; Estonia is 21st highest of 49. World rank, highest first: 32nd of 180.

How does Estonia's income per person compare after prices?

The World Bank puts GDP per person at purchasing power parity in Estonia at $52,106 in international dollars in 2025. No year since 2005 has been higher. Across Europe & Central Asia the middle value was $50,946 in international dollars, and Estonia placed 24th highest of 49. Of 179 countries with 2025 data, 39th highest.

How big are Estonia's exports?

78.4% of GDP: that is exports of goods and services in Estonia for 2025, according to the World Bank. Its high point since 2005 was 2022, at 87.4% of GDP; its low point was 2009, at 60.9% of GDP. Across Europe & Central Asia the middle value was 47.7% of GDP, and Estonia placed 7th highest of 46. World rank, highest first: 12th of 133.

Does Estonia earn more abroad than it spends?

According to the IMF, the current account balance in Estonia was 0.4% of GDP in 2025. The peak was 2.7% of GDP in 2009 and the low -15.0% of GDP in 2006. Europe & Central Asia median: -0.3% of GDP; Estonia is 22nd highest of 47. World rank, highest first: 51st of 132.

What is FDI in Estonia?

-2.2% of GDP: that is net inflows of foreign direct investment in Estonia for 2025, according to the IMF. Since 2005 it has ranged from -7.9% of GDP (2024) to 21.7% of GDP (2005). Across Europe & Central Asia the middle value was 1.9% of GDP, and Estonia placed 46th highest of 49. Worldwide: 172nd of 179.