Estonia Business Confidence

OECD standardised business confidence indicator (long-term average = 100).

Business Confidence in Estonia decreased to 96.69 points in Apr 2026 from 96.74 points in Mar 2026.

96.69
▼ −0.06Apr 2026 · previous 96.74Monthly · index points · Source: OECD — Organisation for Economic Co-operation and Development

Estonia Business Confidence — History

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Estonia Business Confidence — analysis in simple words

Latest reading

Business Confidence in Estonia decreased to 96.69 points in Apr 2026 from 96.74 points in Mar 2026.

It has fallen in each of the last three months.

Recent trend

A year earlier (Apr 2025) it was 96.97, so the latest figure is 0.28 lower.

Over the past five years the average was 97.70, with a range from 93.24 to 105.83. The latest value is below that five-year average.

Historical context

This data series starts in Apr 1992 and has 409 monthly observations. The latest reading is higher than 16% of all of them.

The highest value on record is 107.14 (Nov 2006) and the lowest is 88.45 (Aug 1992). The long-run average is 100.00.

Compared with other countries

Among 45 economies with recent data, Estonia ranks 43rd from the top. The median across all these economies is 99.98, so Estonia is below the typical country.

Within Europe & Central Asia (29 economies with data) it ranks 28th; the regional median is 100.16.

Statistics

Latest
96.69Apr 2026
Previous
96.74
5-year average
97.70
Long-run average
100.00since Apr 1992
All-time high
107.14Nov 2006
All-time low
88.45Aug 1992
Observations
409Monthly

Recent Data

PeriodValueChange
Apr 202696.69▼ −0.06
Mar 202696.74▼ −0.09
Feb 202696.83▼ −0.11
Jan 202696.94▼ −0.06
Dec 202597.00▲ +0.04
Nov 202596.96▲ +0.10
Oct 202596.86▲ +0.16
Sep 202596.69▲ +0.14
Aug 202596.56▲ +0.01
Jul 202596.55▼ −0.02
Jun 202596.56▼ −0.19
May 202596.76▼ −0.21
Apr 202596.97▲ +0.00
Mar 202596.96▲ +0.10
Feb 202596.87▲ +0.16
Jan 202596.71▲ +0.19
Dec 202496.52▲ +0.20
Nov 202496.32▲ +0.34
Oct 202495.98▲ +0.09
Sep 202495.90▲ +0.08
Aug 202495.82▲ +0.28
Jul 202495.54▲ +0.51
Jun 202495.03▲ +0.59
May 202494.44▲ +0.40
Apr 202494.04▲ +0.20
Mar 202493.84▲ +0.20
Feb 202493.64▲ +0.08
Jan 202493.57▲ +0.15
Dec 202393.42▲ +0.18
Nov 202393.24

Business Confidence — Estonia vs Peers

Latest available reading for each economy (periods may differ). Estonia highlighted.

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More Estonia indicators

GDP Annual Growth Rate1.8%Q2 2026Interest Rate2.50%Sep 2026Inflation Rate1.5%Aug 2026Unemployment Rate8.0%Aug 2026Government Debt to GDP24.0%2025Balance of Trade$0.5B2025Current Account to GDP0.4%2025GDP$47.0B2025GDP Growth Rate0.35%Q2 2026Industrial Production2.4%Jul 2026
Estonia economy overview →   Business Confidence — all countries →

Understanding Business Confidence — a simple guide

What it measures

The OECD standardised business confidence indicator, based on surveys asking companies about production, orders and stocks.

How it is calculated

Survey answers from businesses are combined and standardised by the OECD so that 100 equals the long-term average.

Simple example

A reading of 101.5 means businesses are somewhat more optimistic than their long-run norm.

▲ When it is high or rising

High confidence often comes before more investment and hiring.

▼ When it is low or falling

Low confidence often comes before cuts in production and investment.

Why it matters for the economy and markets

Confident businesses tend to invest and hire more, so this survey often moves ahead of actual production and employment data.

How to read it

100 is the long-term average. Values above 100 mean companies are more optimistic than usual; below 100, more pessimistic.

What to look at alongside it

Industrial production, PMI-type surveys and the leading indicator.

Key terms

Survey indicator
Based on opinions of managers rather than measured output.

Data source

OECD — Organisation for Economic Co-operation and Development (series OECD business confidence (BCI)), monthly data from Apr 1992 to Apr 2026. Values are shown exactly as published by the source and may be revised later.

How to use the chart

Use the 5Y / 10Y / 25Y / Max buttons to change the time range, or drag the slider under the chart. Hover (or tap) on the line to see the exact value for any period. Dashed lines and hatched bars are IMF projections, not actual data. The “Download CSV” button gives you the full data series.

Frequently asked questions

What is the current business confidence of Estonia?
Estonia business confidence was 96.69 in Apr 2026, compared with 96.74 in the previous period, according to OECD — Organisation for Economic Co-operation and Development.
What is the highest and lowest business confidence of Estonia?
Since Apr 1992, the highest reading was 107.14 (Nov 2006) and the lowest was 88.45 (Aug 1992).
What does business confidence measure?
The OECD standardised business confidence indicator, based on surveys asking companies about production, orders and stocks.

Data are sourced from official international organisations (IMF, World Bank, BIS) and national authorities, and are shown for educational and informational purposes only. They are not investment advice and no recommendation is made. Figures may be revised by the source; IMF figures for the current and future years are projections. This page was last updated on Saturday, October 17, 2026.