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Estonia's third-quarter GDP down 2.5 percent

Auvere plant in construction.
Auvere plant in construction. Source: Rene Kundla/ERR

Based on a preliminary assessment by Statistics Estonia, the gross domestic product (GDP) of Estonia experienced a decline of 2.5 percent during the third quarter of 2023, when compared to the corresponding period in 2022.

The first and second quarters of the year witnessed annual GDP contractions of 2.9 percent and 3.2 percent, respectively.

The statistics office plans to make public precise gross domestic product (GDP) figures for the third quarter on November 30.

Flash estimate of GDP at constant prices, seasonally adjusted: starting from the third quarter of 2021 to the third quarter of 2023. Source: Statistics Estonia

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Editor: Kristina Kersa

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