Baltic Focus draft (EN) – 2025 GDP: Baltics compared

🇱🇻🇱🇹🇪🇪Baltic GDP 2025: Lithuania +2.7%, Latvia +2.1%, Estonia +0.6%

Core facts

In 2025, all three Baltic economies returned to growth, but at different speeds: Lithuania led with +2.7%, Latvia grew +2.1%, while Estonia posted a modest +0.6%. Estonia’s GDP grew +0.7% y/y in Q4 2025, with manufacturing (+13.3% value added) and ICT (+9%) as the key positive contributors. In Latvia, Q4 2025 GDP rose +2.9% y/y (non-seasonally adjusted), with a strong contribution from manufacturing and construction. Lithuania ended the year with a stronger Q4 (+1.7%), after a brief slowdown in Q3 (-0.1%).

DATA CARD (key numbers)

Estonia (2025): GDP +0.6% | Q4 +0.7% | nominal GDP €41.6bn (year) / €11bn (Q4)

Latvia (2025): GDP +2.1% | Q4 +2.9% | nominal GDP €43.0bn (year) / €11.8bn (Q4)

Lithuania (2025): GDP +2.7% | Q4 +1.7% | nominal GDP €84bn (year)

Context

The split highlights three different recovery profiles: Estonia’s growth relied more on industry + ICT and improved net exports, while Latvia’s rebound leaned on manufacturing + construction. Lithuania combined broad-based value added growth with a resilient labour market, even as its goods trade balance remained negative.

Source(s)

Statistics Estonia (National Accounts release, 2 Mar 2026); Latvia CSP / Official Statistics Portal (GDP 2025 and Q4 2025); Lithuania Valstybės duomenų agentūra (Key economic and social indicators 2025, 30 Jan 2026).

Image: photos/photo_214@03-03-2026_18-35-33.jpg