"In the 3rd quarter of 2014, compared to the 2nd quarter of 2014, gross domestic product at constant prices, according to seasonally adjusted data, grew by 0.5%, but, compared to the 3rd quarter of 2013, it has risen by 2.4%," the CSB said in a statement.
According to seasonally unadjusted data, compared to the 3rd quarter of 2013, the GDP in the 3rd quarter of 2014 grew by 2.4%.
Total GDP in the third quarter at current prices was €6.3 billion.
While manufacturing dropped by 0.6% compared to the same period a year ago, there were signs of a construction boom with construction of residential buildings increasing by 24.4% and construction of local pipelines and communication lines up by 50.1%.
In the third quarter of the year Estonia recorded GDP growth of 2.1% on the year with Lithuania posting 2.7% growth.