The Central Bank of Estonia reported that gross domestic product grew 1.8% year over year and 0.3% from the previous quarter in the second quarter. Growth was led by goods exports, which rose 4.2% annually and supported manufacturing, while exports of goods and services to the euro area increased 9% at constant prices. Domestic demand contributed less than expected as corporate investment declined and household spending growth slowed, partly reflecting higher fuel prices. The initial investment estimate may be revised upward as more data become available. Despite slower GDP growth than in the first quarter, improving business assessments point to further expansion in the second half of the year, and the central bank will publish a new economic forecast on Sept. 22.
2026-08-31Central Bank of Estonia
Central Bank of Estonia reports 1.8% annual GDP growth in second quarter, driven by goods exports
The Central Bank of Estonia reported second-quarter GDP growth of 1.8% year over year and 0.3% quarter over quarter, led by goods exports and manufacturing. Domestic demand was weaker as corporate investment fell and household spending growth slowed. Improving business assessments indicate further economic growth in the second half.