Economy of Estonia in the first quarter increased by 3.6%

The economy of Estonia in the first quarter increased by 3.6% to 5 billion 700 million euros at current prices, according to the statistical agency of the country. The GDP of Estonia, adjusted for seasonality, decreased by 0.1% compared to the previous quarter and grew by 3.8% in annual terms. The greatest impact on the growth of the economy was provided by construction, which is the growth driver for the 5th consecutive quarter. Growth was also noted in the transport industry, processing industry and communications. At the same time, agriculture, forestry and fisheries have had a decelerating impact on the economy. Domestic demand grew by 4.4%. Investments in fixed assets decreased by 8%.

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