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GDP flash estimate: recession slowed down in Q2

News
Posted on 31 July 2024, 8:00

According to Statistics Estonia's preliminary estimate, the decline in the gross domestic product (GDP) slowed down in the second quarter of 2024. GDP fell by approximately 1.7% compared with the second quarter of 2023.

The seasonally and working-day adjusted GDP remained virtually unchanged from the first quarter of 2024 with an increase of just 0.2%.

According to Eurostat, the EU economy also picked up slightly in the second quarter,  as the GDP of the EU grew by 0.7%.

Flash estimate of GDP, at constant prices and seasonally and working-day adjusted

Statistics Estonia will publish more detailed GDP data for the second quarter of 2024 on 30 August.

See also the GDP flash estimate in the statistical database. Learn more about national accounts.

When using Statistics Estonia’s data and graphs, please indicate the source.

For further information:

Heidi Kukk
Media Relations Manager
Marketing and Dissemination Department
Statistics Estonia

Tel +372 625 9181

press [at] stat.ee (press[at]stat[dot]ee)

 

Photo: Shutterstock

On 23 December, the phone line of Statistics Estonia’s customer support is open until 13:00. The phone line is closed on 24, 25 and 26 December. Happy holidays!