19.06.2020
The Estonian Economy and Monetary Policy is an Eesti Pank review released four times a year that summarises the main recent events in the global and Estonian economies. Twice a year, in June and December, the review also contains a full forecast for the Estonian economy, while in March and... more
10.06.2020

Estonia is going through a global pandemic with wide-ranging economic consequences that will leave the economy 10% smaller than it was last year if the virus fades away and restrictions are not re-imposed. The economy has already started to recover as the restrictions that have been introduced... more

25.03.2020
  • The economic crisis has so far affected services businesses and the transport sector the most
  • How much the economy shrinks by will depend primarily on how long the restrictions last in Estonia and elsewhere, and how well companies are able to survive the crisis
  • If the... more
17.12.2019
  • The Estonian economy will grow by 3.4% this year and 2.3% in 2020
  • Growth in the economy will slow in the next three years as the outlook for foreign markets is poor and the previously strong growth in employment will start to fade
  • Unemployment will rise in... more
03.10.2019

The latest economic forecast from Eesti Pank expects the economy to grow by 3% this year, and by about 2% in the next two years. As demand for labour subsides in the cooling economy, wages are expected to rise more slowly from next year. The years of high inflation have also ended.

... more

12.06.2019

The Estonian economy will grow by 3.3% this year and 2.1% next. Growth in the economy will slow as export markets are weaker than before and there are still shortages of labour in Estonia. Wages will continue to rise despite the slower economic growth, but they will do so at a lower rate. Rising... more

19.12.2018
The Estonian Economy and Monetary Policy is an Eesti Pank review released four times a year that summarises the main recent events in the global and Estonian economies. Twice a year, in June and December, the review also contains the forecast for the Estonian economy for the current year and the... more
19.12.2018

The Estonian economy will grow by around 3.5% this year and next, and by 2020 growth will slow to close to 2%. One reason that growth will slow is that fewer people enter  the labour market. Another reason is the problem of competitiveness at companies, which is indicated by a decline in Estonia... more

22.12.2017
The Estonian Economy and Monetary Policy is an Eesti Pank review released four times a year that summarises the main recent events in the global and Estonian economies. Twice a year, in June and December, the review also contains the forecast for the Estonian economy for the current year and the... more
19.12.2017
  • The economy is in its best position since the crisis
  • The economy will grow more slowly in the years ahead, as the strong growth in foreign markets is fading and available production capacity in the economy is becoming exhausted
  • The government is giving an additional... more
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