Estonia’s GDP contracted by 2.1% in Q1

According to Statistics Estonia’s preliminary estimate, the decline in the gross domestic product (GDP) slowed down in the first quarter of 2024. The GDP fell by about 2.1% compared with the first quarter of 2023.
Compared with the last quarter of 2023, the seasonally and working-day adjusted GDP remained on the same level.
According to Eurostat, the EU economy also picked up slightly in the first quarter, as the GDP of the EU grew by 0.5%.
Also read: In 2023, Estonia’s exports per capita were below the EU average
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The post Estonia’s GDP contracted by 2.1% in Q1 appeared first on Baltic News Network.