Tõnu Mertsina, Statistics Estonia
According to the first estimates of Statistics Estonia, the gross domestic product (GDP) of Estonia decreased by 15.6% in the 3rd quarter of 2009 compared to the same quarter in the previous year. The GDP decreased successively for seven quarters, still the decrease decelerated in the 3rd quarter.
In the 1st quarter of the current year the GDP decreased by 15.0% and in the 2nd quarter by 16.1%.
In the 3rd quarter compared to the 2nd quarter, the seasonally and working-day adjusted GDP decreased by 3.0%. The decrease of the GDP compared to the previous quarter decelerated. In the 1st quarter this year the GDP decreased by 6% and in the 2nd quarter by 3.4% compared to the previous quarter.
In the 3rd quarter, the GDP at current prices was 53.22 billion kroons.
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GDP of Estonia decreased by 15.6% in Q3