Estland BIP Veränderung zum Vorjahr

The economy of Estonia expanded 1.2% year-on-year in the final quarter of 2024, recovering from a revised 0.4% contraction in the previous period. This also marked the first GDP growth since the first quarter of 2022. Private consumption rebounded (1.2% vs -1.8% in Q3). However, government spending declined (-1.1% vs 1.2%). Fixed investments also dropped, albeit at a slower pace (-10.3% vs -15%). Additionally, net external demand weighed on GDP, as exports (3.2% vs 0.9%) rose less than imports (3.5% vs 0.5%). On the production side, most sectors contributed positively to economic activity, led by the energy sector, real estate, and information and communication. On a seasonally adjusted quarterly basis, GDP grew 0.7% in the December quarter, following a revised 0.2% rise in the preceding quarter.