Eesti Pank forecasts that the economy will grow by around 2.5% in the years ahead

The Estonian economy is recovering from its recession and Eesti Pank forecasts that it will grow by around 2.5% this year and in the next two years. Maintaining growth in the economy in the coming years will need productivity to be increased, which will need more investment and broader use of technology. The main risk to the forecast is that inflation could rise if energy prices do not come down from their current high levels. The long-term problem for the Estonian economy though is the rapid growth in the national debt.

1 EUR = 0.8448 GBP
1 EUR = 177.3300 JPY
1 EUR = 10.6955 NOK
1 EUR = 11.1965 SEK
1 EUR = 1.1181 USD

Pressiteated

Vaata kõiki teateid

08.10.2026

STATISTICAL RELEASE. The financial assets of households grew faster in the second quarter than their liabilities

07.10.2026

Half of inflation over the year came from higher prices for motor fuels

01.10.2026

Andrus Alber says that the digital euro will make payments more resilient to a crisis

28.09.2026

Businesses lost over 10 million euros to payment fraud last year

Majanduse põhinäitajad

8.5%

YEARLY CREDIT GROWTH

August 2026 compared to August 2025

1.8%

YEARLY GROWTH IN THE ECONOMY

Q2 2026 compared to Q2 2025

6.6%

Unemployment

Q2 2026

3.5%

Annual inflation

September 2026 compared to September 2025

Kalender

Vaata kalendrit

oktoober

2026

Deputy Governor Martti Randveer gives a presentation on the economic impact of an ageing society and the related political choices to a conference of the Academy of Sciences at the Riigikogu

oktoober2026

Governor Ülo Kaasik and Deputy Governor Andrus Alber attend the annual meetings of the IMF and the World Bank in Bangkok

oktoober

2026 - 08:00

STATISTICAL RELEASE. Flash estimate of the balance of payments for August 2026

oktoober

2026

Eesti Pank economist Peeter Luikmel speaks on a panel discussing the outlook for real estate in Estonia at a seminar for LHV portfolio managers

Publikatsioonid

Vaata kõiki publikatsioone

Publikatsiooni 8/2026 Glenn Magerman et al. Beyond firm size: network position and shock transmission in firm-to-firm production networks across five economies kaanepilt

8/2026 Glenn Magerman et al. Beyond firm size: network position and shock transmission in firm-to-firm production networks across five economies

Estonian Economy and Monetary Policy 3/2026

3/2026 Macro-at-Risk in the euro area

7/2026 Aleksandr Kornilov, Natalia Levenko. Mortgage risk and inequality during the Covid-19 crisis

Kiirviited

Eesti Pank Museum

3. May 1919 CENTRAL BANK COMMENCES OPERATIONS. The fixed capital of 10 million marks was recorded in the general ledger and Eesti Pank commenced regular operations.

MUSEUM

Euro

Our euro banknotes are getting a new look! Designers from all over Europe have reimagined how they may look like, and ten of their proposals have been shortlisted and submitted to the opinion of the public. The Governing Council is expected to select the final design of the future euro banknotes around the end of 2026, considering the public preferences. …

Estonian kroon

Exchange kroons

The Estonian monetary system was based on the system of the currency board, meaning that the exchange rate of the kroon was strictly pegged to a reserve currency. From then until 31 December 2001 the exchange rate of the kroon against the German mark was fixed at EEK 8 = DEM 1, and thereafter the exchange rate of the kroon against the euro was fixed at EEK 15.6466 = EUR 1 (the exchange rate effective to date).…