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Robert Müürsepp, the National Accounts Service Manager at Statistics Estonia, said that the Estonian economy grew for the fifth quarter in a row. “In the second quarter, two thirds of the economic activities made a positive contribution to the GDP. Similarly to the first quarter, manufacturing was the biggest driver of economic growth as its value added grew by 6.5%. It was followed by agriculture, forestry and fishing where the increase in value added was 168% due to the exceptionally low reference base of last year. In construction, value added was up by 7.5%,” said Müürsepp. A considerable

“According to the GDP flash estimate, the economic recovery continued in the second quarter at a pace similar to the growth seen in the first quarter,” said Robert Müürsepp, the National Accounts Service Manager at Statistics Estonia. Compared with the first quarter of 2026, the seasonally and working-day adjusted GDP grew by 0.4% according to the flash estimate. What is a flash estimate of GDP? The official data on GDP for the second quarter of 2026 will be published by Statistics Estonia on 31 August, but based on the information already available, it is possible to assess the overall

Robert Müürsepp, the National Accounts Service Manager at Statistics Estonia, said that the flash estimate indicates a slight improvement in the economy compared with the fourth quarter of 2024, while the trend was unchanged compared with the third quarter of 2025. “The seasonally and working-day adjusted GDP remained at the same level as in the third quarter,” added Müürsepp. What is the flash estimate of GDP? The official data on GDP for the fourth quarter of 2025 will be published on 2 March, but it is possible to assess the overall economic trend based on the information already available

“According to the GDP flash estimate, there are several indications of economic improvement in the first quarter, compared with both the first and the last quarter of 2025,” said Robert Müürsepp, the National Accounts Service Manager at Statistics Estonia. Compared with the fourth quarter of 2025, the seasonally and working-day adjusted GDP grew by 0.6% according to the flash estimate. What is a flash estimate of GDP? The official data on GDP for the first quarter of 2026 will be published by Statistics Estonia on 29 May, but based on the information already available, it is possible to assess

Robert Müürsepp, team lead of national accounts at Statistics Estonia, said that although the economy has shown slight growth for two consecutive quarters, the contribution of most sectors has remained insignificant. “Manufacturing was the biggest positive contributor to GDP in the third quarter, with its value added growing by 7.9%. The last time this sector performed so well was in the fourth quarter of 2021. However, it must be noted that production figures were still modest,” noted Müürsepp. In addition to manufacturing, the largest positive contributors to the economy were the energy

Robert Müürsepp, the National Accounts Service Manager at Statistics Estonia, said that 2025 was a better year for the Estonian economy than the previous two years. “The GDP showed growth in the last three quarters, and the annual GDP growth was 0.6%,” he added. Manufacturing was the biggest contributor to economic growth in Q4 Similarly to the third quarter, the contribution of most economic activities to the GDP remained modest. Manufacturing was the biggest positive contributor, as its value added increased by 13.3%. Information and communication also had a significant impact – its value

Robert Müürsepp, team lead of national accounts at Statistics Estonia, noted that initial signs indicate a slight improvement in the economy compared with both a year ago and the previous quarter. “The seasonally and working-day adjusted GDP was up by 0.2% from the second quarter of 2025,” Müürsepp added. What is a flash estimate of GDP? The official data on GDP for the third quarter will be published on 1 December, but based on the information already available, it is possible to assess the overall economic trend. This is done using, for example, trade indicators, transport and manufacturing

Robert Müürsepp, the National Accounts Service Manager at Statistics Estonia, said that GDP growth was last over 2% in the first quarter of 2022. “GDP increased for the fourth quarter in a row,” he said. “In the case of most economic activities, their contribution to GDP in the first quarter was positive, although mostly modest,” added Müürsepp. He said that, for the third consecutive quarter, manufacturing was the biggest driver of economic growth as its value added was up by 7%. Administrative and support service activities also had a significant impact with a 11.6% increase in value added

In July, the enterprises’ confidence indicator remained the highest in trade (+10.5), although compared with June, trade enterprises have become more cautious in forecasting sales for the next three months. The indicator was +6.5 in the services sector and +0.3 in the industry sector. The confidence indicator remained the lowest in the construction sector (-14.6). As in the previous month, construction enterprises consider insufficient demand to be the main factor limiting construction activity. In addition, compared with June, there has been an increase in the share of enterprises which

Robert Müürsepp, the national accounts team lead at Statistics Estonia, said that there was modest economic growth in the second quarter of 2025. The last time that the GDP grew was in the second quarter of last year. “About half of economic activities contributed positively to the GDP, with the biggest contribution coming from the energy sector where value added grew by 43%. In real estate activities, value added increased by 5.4%. The biggest negative contributors were construction, with a 9.3% decline in value added, and transportation and storage, where value added decreased by 11%,” noted