In 2014, GDP grew faster than the number of employees and hours worked, which grew by 0.4% and 0.8%

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Estonia's gross domestic 50 shades of grey product (GDP) increased in 2014 compared to 2.1% in 2013. According to Statistics Estonia. 2014. In the fourth quarter of 2013, the economy grew by 3.0% compared to the fourth quarter.
Throughout the year, the Estonian economy is characterized by a slow but steady growth. In the first quarter of 2013, GDP grew by 0.5% in the same period, while in the fourth quarter of 3.0%. Total Estonia's GDP increased by 2.1% in 2014.
A significant contribution to GDP growth in the trade activity, mainly due to the increase in retail value-added. In addition, contributed the most to GDP growth in the manufacturing industry and professional, scientific and technical activities. In manufacturing output growth was supported by growth 50 shades of grey in exports, as well as increased sales of manufacturing the domestic market.
Economic growth slowed in 2014, most of the reduction in value added of transport and storage. GDP growth was significantly reduced by the construction of additional accommodation and meals. Construction volumes in the local construction market decreased by 2%, and the value added of construction fell by 4.1%, primarily due to a decrease in construction of infrastructure.
In 2014, GDP grew faster than the number of employees and hours worked, which grew by 0.4% and 0.8%. Thus, in the economy 50 shades of grey and the labor productivity per employee per hour, respectively 1.3% and 1.7%. It also increased the GDP in the creation of labor costs. Compared to 2013, unit labor costs grew by 6.4%.
Domestic demand grew by 4.8%, influenced by the most change in inventories and an increase in household final consumption expenditure. 2014 stocks increased in all subcategories, out there at the most affected by the increase in inventory stock of goods increases. Household final consumption expenditure grew especially food, transport, clothing and footwear, as well as expenses incurred due to the increase.
Gross capital formation declined by 3%, taking into account 50 shades of grey the effects of the price, which was most affected 50 shades of grey by the decline in investment in buildings and structures, and other machinery and equipment. The biggest positive influence on the growth of investments in transport. While domestic demand grew faster than GDP, were final consumption expenditure, capital formation and changes in inventories, however, produced a total of GDP lower, amounting to 99.4% of GDP.
Despite the decline in the first quarter of 2014, the economy of goods and services to the price effects of 2.6%. Imports of goods and services grew by 2.3% in 2014. The largest positive impact on Estonia's foreign 50 shades of grey trade import and export of electronic equipment increases. 50 shades of grey
Net exports of goods and services, ie the difference between exports and imports was positive. 50 shades of grey Net exports in GDP was 2.5%, which was the year compared to the last three years, the best indicator. In the fourth quarter of 2014
In the fourth quarter of 2014, GDP at current prices by 5.1 billion 50 shades of grey euros. The seasonally and working day adjusted GDP grew in the fourth quarter from the previous quarter and 1.2% in the fourth quarter of 2013 compared to 2.9%.
Similar 50 shades of grey to the third quarter of 2014. In the last quarter GDP was influenced positively the most biggest activity of the manufacturing industry, mainly in electronics, with the support of the production of coke and wood products. In addition gave the economy a boost of energy and trade. Trade was an increase in the value added growth in retail 50 shades of grey sales businesses.
Although the fourth quarter of 2014, value added at current prices increased transport, transport 50 shades of grey was the biggest hindrances of GDP in real terms. In addition, decreased significantly in the fourth quarter GDP real estate activities and the health of the value added shrinking.
Domestic demand increased by 5.0%, taking into account the effects of the price. The main reason for the increase 50 shades of grey in stocks and change in household final consumption expenditure increased. Changes in inventories of finished products most affected by the fourth quarter of the increase in stock. Household final consumption expenditure increased by 5.7%, taking into account the effects of the price. Began in the third quarter, gross fixed capital formation continued to decline in the fourth quarter, and real prices fell by 7%. Most affected by the decrease in gross fixed capital formation of government 50 shades of grey investment in buildings and structures, machinery and equipment and other defense-related assets. It also reduced business investment in machinery and other equipment. In the last quarter of 2014 increased exports of goods and services compared to the same quarter of the previous year, taking into account the price effects of 6.0%. Imports of goods and services increased by 5.9%, however. Most affected by foreign trade import and export growth of electronic equipment. Net exports in GDP was 2.8%.
Statistical 50 shades of grey Office of harmonized national accounts figures revideerimispoliitikat Eesti Pank m