3. Real GDP Growth Rate – Volume / Eurostat
-20.0
-15.0
-10.0
-5.0
0.0
5.0
10.0
15.0
2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014
Estonia
Finland
EU (28)
Gross domestic product (GDP) is a measure of the economic activity, defined as the value of all goods and services produced less the value of any goods or services used in their creation. The
calculation of the annual growth rate of GDP volume is intended to allow comparisons of the dynamics of economic development both over time and between economies of different sizes. For
measuring the growth rate of GDP in terms of volumes, the GDP at current prices are valued in the prices of the previous year and the thus computed volume changes are imposed on the level of
a reference year; this is called a chain-linked series. Accordingly, price movements will not inflate the growth rate.
4. Real GDP Growth Rate – Volume / Eurostat
-20.0
-15.0
-10.0
-5.0
0.0
5.0
10.0
15.0
2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014
Estonia
Finland
EU (28)
Gross domestic product (GDP) is a measure of the economic activity, defined as the value of all goods and services produced less the value of any goods or services used in their creation. The
calculation of the annual growth rate of GDP volume is intended to allow comparisons of the dynamics of economic development both over time and between economies of different sizes. For
measuring the growth rate of GDP in terms of volumes, the GDP at current prices are valued in the prices of the previous year and the thus computed volume changes are imposed on the level of
a reference year; this is called a chain-linked series. Accordingly, price movements will not inflate the growth rate.
6. New York Times columnist / the Nobel-winning
economist Paul Krugman:
„poster child for austerity defenders“
Estonian president hammers Paul Krugman on Twitter,
Washington Post June 7, 2012
Estonian President Toomas Hendrik Ilves:
„smug, overbearing & patronizing“
10. General government debt, 2013 and 2014 (¹) (general
government consolidated gross debt, % of GDP)
11. Estonia had the EU's worst year for unemployment, which
rose from 3.9% in May 2008 to 15.6% in May 2009.
12. The same liberal democratic party Reformierakond
in the government last 15 years
13. We are close to the top 2007 year, but
economy is different today
• Less investments (30%-98%), today reached 60% level
• Household has decreased 22%, today 11%
• Governmnet expenditure decreased only 6%
• During the crises import has decreased 40% and
export 20%, now export is 30% and import 10% higher
compared to year 2007
https://mlauri.wordpress.com/2013/09/18/kuidas-kriis-majandust-muutis/