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Estonia Economy 2026

Estonia Economy 2026: Growth, Jobs, Inflation & What Expats Should Know

Estonia’s economy is showing signs of recovery in 2026 after a difficult period, but the picture is mixed. Economic growth has returned, wages are increasing, and inflation has eased significantly from recent highs. At the same time, the labour market remains competitive and energy prices continue to create uncertainty.

For people considering working, relocating, or living in Estonia, understanding these economic trends can help you make better decisions about employment, salary expectations, housing, and everyday expenses.

Estonia Economy 2026: Key Numbers

Here is a quick snapshot of the latest available data:

IndicatorLatest 2026 figure
GDP growth, Q2 2026 year-on-year1.8%
Eesti Pank 2026 growth forecast~2.5%
Average gross monthly wage, Q2€2,243
Median wage, Q2€1,840
Unemployment rate, Q26.6%
Employment rate, Q268.6%
Job vacancies, Q28,363
HICP inflation, September*3.0%
House price growth, Q25.8% year-on-year

*September inflation is a preliminary HICP estimate.

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