Estonia Economic Snapshot

Economic Survey of Estonia (May 2024)

Estonian living standards have doubled since 2000 and income convergence was steady prior to the pandemic, although per capita GDP and productivity remain below the OECD averages. The economy experienced a severe downturn due to disruptions in trade, weaker export demand, high inflation and tight monetary conditions. With improvements in external demand, growth should start to recover this year. Fiscal policy needs to balance stabilisation of the economy with narrowing the budget deficit. 

Executive Summary



2 May 2024

Latest Economic Outlook Note – Estonia

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September 2023

Economic Policy Reforms: Going for Growth 2023 - Estonia

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