The economy of Estonia expanded 0.7% year-on-year in the final quarter of 2025, easing from a revised 1.1% increase in the previous period. Government spending slowed (3.1% vs 3.4% in Q3), while private consumption remained weak (-0.4%). Net external demand also supported growth, as exports (4.7% vs 4.8%) rose faster than imports (3.1% vs 6.2%). Meanwhile, fixed investments rebounded (6.9% vs -0.5%). On the production side, negatively contributing sectors included agriculture, forestry, and fishing; electricity, gas, steam and air conditioning supply; construction; wholesale and retail trade; and health. On a seasonally adjusted quarterly basis, GDP contracted by 0.1% in the fourth quarter, reversing from a downwardly revised 0.1% expansion in the preceding period. For the full year 2025, the economy grew 0.6%.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Estonia GDP Growth Eases in Q4
The economy of Estonia expanded 0.7% year-on-year in the final quarter of 2025, easing from a revised 1.1% increase in the previous period. Government spending slowed (3.1% vs 3.4% in Q3), while private consumption remained weak (-0.4%). Net external demand also supported growth, as exports (4.7% vs 4.8%) rose faster than imports (3.1% vs 6.2%). Meanwhile, fixed investments rebounded (6.9% vs -0.5%). On the production side, negatively contributing sectors included agriculture, forestry, and fishing; electricity, gas, steam and air conditioning supply; construction; wholesale and retail trade; and health. On a seasonally adjusted quarterly basis, GDP contracted by 0.1% in the fourth quarter, reversing from a downwardly revised 0.1% expansion in the preceding period. For the full year 2025, the economy grew 0.6%.