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The economy contracted by 3% last year

Article
According to Statistics Estonia, in the fourth quarter of 2023, the gross domestic product (GDP) decreased by 2.7% compared with the same period of 2022. The GDP at current prices was 9.9 billion euros in the fourth quarter. In 2023 as a whole, Estonia’s GDP decreased by 3% and amounted to 37.7 billion euros at current prices.

In the first quarter, the economy contracted by 2.4%

Article
According to Statistics Estonia, in the first quarter of 2024, the gross domestic product (GDP) decreased by 2.4% compared with the same period of 2023. The GDP at current prices amounted to 8.9 billion euros.

COVID-19 pandemic pushed up accommodation prices and boosted domestic tourism

Article
According to Statistics Estonia, in 2023, the average expenditure of Estonian residents on overnight outbound trips was greater than in the period before the COVID-19 pandemic. The average spending on outbound trips has increased by 43% in the years 2018–2023. The number of tourists accommodated in Estonia has not yet reached the pre-pandemic level, but the share of domestic tourists has increased significantly compared with 2018.

General government deficit and debt increased last year

Article
According to the preliminary* data of Statistics Estonia, in 2023, the Estonian general government deficit was 3.4% and the debt level was 19.6% of the gross domestic product (GDP). At the end of last year, the total expenditures of the general government exceeded revenues by 1.3 billion euros.

The economy contracted by 1% in Q2

Article
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.

Tourism Survey

Area
What kind of survey is it? The Tourism Survey provides an overview of travelling of Estonian residents: the number of domestic and outbound overnights trips, purposes and duration of trips, travel arrangements, expenses and the most popular destinations. Who commissions the survey? The survey is commissioned by the Ministry of Economic Affairs and Communications. The data are also used by the Bank of Estonia, Enterprise Estonia, and Eurostat. How often is the survey conducted? The survey is conducted monthly. Quarterly and annual data are published. Why are the data needed? The survey data are