According to flash estimates of Statistics Estonia, the economic growth was 4.5% in Estonia in the 4th quarter of 2007 compared to the same period in the previous year.
Economic growth of the 4th quarter 2007 was the slowest of the past 8 years. According to the preliminary calculations, value added decreased in transport, storage and communications as well as in real estate, renting and business activities. A rapid growth of value added continued in financial intermediation.
The seasonally adjusted GDP at constant prices increased by 0.6% in the 4th quarter compared to the previous quarter.
GDP quarterly growth at constant prices compared to the same quarter in the previous year, 1999–2007
The flash estimate on economic growth is issued for the economy as a whole. Calculations are based on the data received from administrative databases and monthly statistical surveys. The preliminary GDP for the 4th quarter of 2007 will be published by Statistics Estonia as a press release and in database on 10 March.
| For further information: Ene Kaldma
Head of Economic Statistics Department
Statistics Estonia
Tel +372 625 9211 | |
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