Estonia GDP Growth Rate

The Gross Domestic Product (GDP) in Estonia expanded 0.20 percent in the fourth quarter of 2013 over the previous quarter. GDP Growth Rate in Estonia is reported by the Statistics Estonia. GDP Growth Rate in Estonia averaged 1.12 Percent from 1995 until 2013, reaching an all time high of 4.90 Percent in the first quarter of 2000 and a record low of -9.70 Percent in the fourth quarter of 2008. 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. Estonia's economy has also been boosted by the Russian oil industry which often uses the country’s ports. This page provides - Estonia GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-24

Actual Previous Highest Lowest Forecast Dates Unit Frequency
0.20 0.50 4.90 -9.70 -0.77 | 2014/06 1995 - 2013 Percent Quarterly

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Estonia GDP Growth Rate
LIST BY COUNTRY


CALENDAR GMT Country Event Reference Actual Previous Consensus Forecast
2013-11-11 06:00 AM Estonia
GDP Growth Rate QoQ
Q3 2013 0.40% -0.2% 0.3% 1.12%
2013-12-09 06:00 AM Estonia
GDP Growth Rate QoQ- 2 Est.
Q3 2013 0.6% -0.2% 0.4% 1.12%
2014-02-11 06:00 AM Estonia
GDP Growth Rate QoQ
Q4 2013 -0.1% 0.6% -1.26%
2014-03-11 06:00 AM Estonia
GDP Growth Rate QoQ Final
Q4 2013 0.2% 0.5% (R) -0.1% -0.1%
2014-05-12 06:00 AM Estonia
GDP Growth Rate QoQ
Q1 2014 0.2% -0.55%
2014-06-09 06:00 AM Estonia
GDP Growth Rate QoQ Final
Q1 2014 0.2% -0.55%
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GDP Last Previous Highest Lowest Forecast Unit
GDP per capita 11687.49 2012-12-31 11317.91 12265.80 2718.90 12420.60 2014-06-30 USD [+]
GDP per capita PPP 18722.05 2012-12-31 18130.04 19648.45 7938.07 19615.97 2014-06-30 USD [+]
GDP 21.85 2012-12-31 22.16 23.78 3.86 21.86 2014-06-30 USD Billion [+]
GDP Constant Prices 3312.01 2013-11-15 3177.91 3433.40 1339.00 3274.58 2014-06-30 EUR Million [+]
GDP Growth Rate 0.20 2013-12-31 0.50 4.90 -9.70 -0.77 2014-06-30 Percent [+]
GDP Annual Growth Rate 0.30 2013-12-31 0.70 12.95 -18.99 -0.89 2014-06-30 Percent [+]
Gross Fixed Capital Formation 1056.76 2013-11-15 1060.33 1279.60 224.40 1081.84 2014-06-30 EUR Million [+]
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GDP Growth Rate | Notes
The GDP Growth Rate shows a percentage change in the seasonally adjusted GDP value in the certain quarter, compared to the previous quarter. Because of climatic conditions and holidays, the intensity of the production varies throughout the year. This makes a direct comparison of two consecutive quarters difficult. In order to adjust for these conditions, many countries calculate the quarterly GDP using so called seasonally adjusted method. The Gross Domestic Product can be determined using three different approaches: the product, the income, and the expenditure technique, which should give the same result. In sum, the product technique sums the outputs of every class of enterprise. The expenditure technique works on the principle that every product must be bought by somebody, therefore the value of the total product must be equal to people's total expenditures in buying products and services. The income technique works on the principle that the incomes of the productive factors must be equal to the value of their product, and determines GDP by finding the sum of all producers' incomes.


RELATED NEWS

Estonia Balance of Trade at -119.64 EUR Million  
Estonia recorded a trade deficit of 119.64 EUR Million in February of 2014. Balance of Trade in Estonia is reported by the Statistics Estonia.
Estonia Business Confidence at 102.60  
Business Confidence in Estonia decreased to 102.60 in March of 2014 from 103.70 in February of 2014. Business Confidence in Estonia is reported by the Estonian Institute of Economic Research.
Estonia Current Account at -25.10 EUR Million  
Estonia recorded a Current Account deficit of 25.10 EUR Million in the fourth quarter of 2013. Current Account in Estonia is reported by the Bank of Estonia.
Estonia Capital Flows at -73.50 EUR Million  
Capital Flows in Estonia decreased to -73.50 EUR Million in the fourth quarter of 2013 from -31.50 EUR Million in the third quarter of 2013. Capital Flows in Estonia is reported by the Bank of Estonia.
Estonia Capacity Utilization at 72.30 Percent  
Capacity Utilization in Estonia decreased to 72.30 percent in the first quarter of 2014 from 72.50 percent in the fourth quarter of 2013. Capacity Utilization in Estonia is reported by the European Commission.
Estonia Car Registrations at 1699.00 Cars  
Car Registrations in Estonia increased to 1699 Cars in March of 2014 from 1424 Cars in February of 2014. Car Registrations in Estonia is reported by the Statistics Estonia.
Estonia Consumer Confidence at -4.30  
Consumer Confidence in Estonia decreased to -4.30 in March of 2014 from -2.60 in February of 2014. Consumer Confidence in Estonia is reported by the Estonian Institute of Economic Research.
Estonia Changes in Inventories at -89.14 EUR Million  
Changes in Inventories in Estonia decreased to -89.14 EUR Million in the fourth quarter of 2013 from 128.56 EUR Million in the third quarter of 2013. Changes in Inventories in Estonia is reported by the Statistics Estonia.
Estonia Consumer Price Index (CPI) at 196.77 Index Points  
Consumer Price Index (CPI) in Estonia increased to 196.77 Index Points in March of 2014 from 196.19 Index Points in February of 2014. Consumer Price Index (CPI) in Estonia is reported by the Statistics Estonia.
Estonia Consumer Spending at 1744.10 EUR Million  
Consumer Spending in Estonia increased to 1744.10 EUR Million in the fourth quarter of 2013 from 1701.40 EUR Million in the third quarter of 2013. Consumer Spending in Estonia is reported by the Statistics Estonia.
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