Эстония - Темпы роста ВВП (г/г)

The Estonian economy advanced 3.6 percent year-on-year in the second quarter of 2019, following an upwardly revised 5 percent growth in the previous period. It was the weakest annual GDP growth rate since the first quarter 2018, amid a slowdown in private consumption (1.1% vs 5.4%) and government spending (0.7% vs 5.9%), while net exports contributed negatively to the GDP growth, as exports grew by 2.2 percent (vs 4.7%), while imports rose at a faster 5.0 percent (vs 4.1%). Meantime, fixed investment continued to rise (24.6% vs 17.8%). On the production side, the main contributors to economic growth were information and communication; professional, scientific & technical activities; wholesale and retail trade, and manufacturing. On a seasonally adjusted quarterly basis, the GDP went up by 0.4 percent in the second quarter, slowing from an upwardly revised 0.9 percent growth in Q1.

The Estonian economy advanced 4.5 percent year-on-year in the first quarter of 2019, following an upwardly revised 4.3 percent growth in the previous period. It was the highest annual growth rate since the last quarter 2017, amid a strong rise in government spending (5.4% vs 2.2% in Q4). Also, net exports contributed positively to the GDP growth, as exports grew by 4.6 percent (vs 5.9%), while imports rose at a softer 3.8 percent (vs 6.5%). Meantime, both fixed investment (17.1% vs 17.7%) and private consumption (2.8% vs 5.5%) continued to increase. On the production side, the main contributors to economic growth were information and communication; professional, scientific & technical activities; information & communication; wholesale and retail trade, agriculture, forestry, and fishing, and transportation & storage. On a seasonally adjusted quarterly basis, the GDP went up by 0.5 percent in the first quarter, slowing from a downwardly revised 2.1 percent growth in fourth quarter.

The Estonian economy advanced 4.2 percent year-on-year in the fourth quarter of 2018, following a downwardly revised 4.0 percent growth in the previous period. It was the highest annual growth rate since the last quarter 2017, amid a strong rise in fixed investment (17.7% vs 4.2% in Q3). Also, private consumption rose faster (5.1% vs 4.5%) and government spending rebounded (2.2% vs -0.8%). Meantime, net exports contributed negatively to the GDP growth, as imports rose by 6.1 percent (vs 6.6%), while exports grew softer at 4.9 percent (vs 1.9%).On the production side, the main contributors to economic growth were construction; manufacturing; professional, scientific & technical activities; information & communication; and transportation & storage. In 2018, the economy grew 3.9 percent, compared to a 4.9 percent growth in 2017. On a seasonally adjusted quarterly basis, the GDP rose by 2.2 percent in Q4, accelerating from a downwardly revised 0.3 percent growth in Q3.