Estonia - Industry
Estonian industrial production focuses on shipbuilding, electric motors, furniture, clothing, textiles, paper, shoes, and apparel. Extractive industries include oil shale, phosphate, and cement production. According to the US Central Intelligence Agency, industry accounted for 29% of GDP in 2001. In 1991, 26.6% of industrial output was accounted for by the food industry, 25.9% by light industry, 12.7% by machine-building and metalworks,10.3% by the timber industry, and 8.5% by chemicals. The textile mills of Kreenholmi Manufacturer in Narva and Balti Manufacturer in Tallinn are the country's largest industrial enterprises. Construction was slated to be a principal growth sector in 2002.
Between 1990 and 1995, industrial output shrank by an average of 14.9% per year, but most of the decline occurred in the years immediately after independence; by 1994, industrial production was on the rise. In 1995, value added by industry accounted for 28% of GDP and has remained stable since.