Economic growth led by manufacturing ({{commentsTotal}})

The gross domestic product of Estonia increased 2.1 percent in the third quarter of 2014, compared to the same quarter of 2013, Statistics Estonia reported today. The growth was led by manufacturing.

The production of electronics and wood accounted for the largest positive contribution to the increase of manufacturing. The other greatest contributor to the Estonian economy was trade. The growth in trade was mainly led by retail sector due to strong domestic demand. At the same time, external demand also grew in the third quarter.

The Estonian economy depends greatly on foreign demand and the main exporters are manufacturing enterprises. After a decline in the previous four quarters, the real export of goods increased 6.6 percent in the third quarter of 2014. The import of goods rose 3.5 percent in real terms.

The Estonian economy was slowed down by less demand in construction, administrative and support service activities, and professional, scientific and technical activities.

The Ministry of Finance predicts that the Estonian economy will grow 1.5 percent this year, down a percent from the number predicted last year.



Siim Kallas.

Interview: Siim Kallas on ambitions, Estonian politics, and EU presidency

Following the local elections in October this year, Reform Party founder, former prime minister, EU commissioner, and presidential candidate Siim Kallas took on the job of municipal mayor of Viimsi, a community on the outskirts of Tallinn. In his interview with ERR's Toomas Sildam, Kallas talks about local government, his party, the EU presidency, and perspectives in Estonian politics.

ERR kasutab oma veebilehtedel http küpsiseid. Kasutame küpsiseid, et meelde jätta kasutajate eelistused meie sisu lehitsemisel ning kohandada ERRi veebilehti kasutaja huvidele vastavaks. Kolmandad osapooled, nagu sotsiaalmeedia veebilehed, võivad samuti lisada küpsiseid kasutaja brauserisse, kui meie lehtedele on manustatud sisu otse sotsiaalmeediast. Kui jätkate ilma oma lehitsemise seadeid muutmata, tähendab see, et nõustute kõikide ERRi internetilehekülgede küpsiste seadetega.
Hea lugeja, näeme et kasutate vanemat brauseri versiooni või vähelevinud brauserit.

Parema ja terviklikuma kasutajakogemuse tagamiseks soovitame alla laadida uusim versioon mõnest meie toetatud brauserist: