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||1995 - 2015
Estonia has one of the highest GDP per capita in Central Europe and the Baltic region. High rates of growth recorded in recent years have been attributed to foreign direct investments in the timber, textile, computer, electronics and automotive industries. In addition, exports hold a prominent position for the Estonian economy and its growth, as more than two thirds of the Estonian industrial production is for exportation. The volume of exports of goods and services amounts to 84 percent of the Estonian GDP and exports of services constitute about one third thereof. The main services exported are services related to transport and tourism. Excluding external demand, the main uses of GDP last year were: private final consumption expenditure from households and NPISHs (52 percent); gross fixed capital formation (26 percent, the highest level among European countries); and government final consumption expenditure (20 percent). While in 2013 domestic demand grew by a meager 1 percent, in 2014 it returned to a strong 4.8 percent expansion. This growth of domestic demand in recent years has reduced the share of foreign trade in the GDP. This page provides - Estonia GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Content for - Estonia GDP Growth Rate - was last refreshed on Wednesday, October 7, 2015.