Annual GDP growth in Estonia

Estonia: Annual GDP growth was -3.0% in 2023. ◆ Volatile

Latest (2023)
-3.0%
Change on year
down 5,133.3%
World rank
202nd
of 211 countries
All-time high
10.1%
in 2000
All-time low
-14.6%
in 2009
Years of data
24
2000–2023

Annual GDP growth in Estonia, 2000–2023

-15-10-505102000201120232000: 10.1 %2001: 5.9 %2002: 6.9 %2003: 7.6 %2004: 6.8 %2005: 9.5 %2006: 9.8 %2007: 7.6 %2008: -5.1 %2009: -14.6 %2010: 2.5 %2011: 7.6 %2012: 3.7 %2013: 1.8 %2014: 3.3 %2015: 1.8 %2016: 3.1 %2017: 5.6 %2018: 3.7 %2019: 3.7 %2020: -2.9 %2021: 7.2 %2022: 0.06 %2023: -3 %

Source: World Bank – processed by Our World in Data. Measured in %.

Analysis

Estonia recorded -3.0% for annual gdp growth in 2023.

Compared with earlier readings it is down 5,133.3% on the previous year and down 271.6% over ten years.

Over the whole period, annual gdp growth in Estonia peaked at 10.1% in 2000 and was at its lowest, -14.6%, in 2009.

Estonia ranks 202nd of 211 countries on this measure, in the bottom quarter.

The series is highly variable year to year, so single readings are best treated with caution.

Averages by decade

DecadeAverage LowestHighest Years
2000s 4.4% -14.6% 10.1% 10
2010s 3.7% 1.8% 7.6% 10
2020s 0.3% -3.0% 7.2% 4

Countries ranked near Estonia

  1. 199 Sri Lanka -2.3% compare
  2. 200 Tonga -2.3% compare
  3. 201 Iraq -2.9% compare
  4. 203 Kuwait -3.6% compare
  5. 204 Venezuela -3.9% compare
  6. 205 Marshall Islands -3.9% compare

See the full ranking of 211 places →

More economy & growth data for Estonia

All data for Estonia →

Frequently asked questions

What is annual gdp growth in Estonia?
Annual gdp growth in Estonia was -3.0% in 2023, according to World Bank – processed by Our World in Data.
What is the highest annual gdp growth recorded in Estonia?
The highest recorded value was 10.1% in 2000.
What is the lowest annual gdp growth recorded in Estonia?
The lowest recorded value was -14.6% in 2009.
How does Estonia rank for annual gdp growth?
Estonia ranks 202nd out of 211 countries with data for 2023.
Is annual gdp growth rising or falling in Estonia?
Over the last ten years it is down 271.6%. The long-run trend across the full record is volatile.
Where does this Estonia data come from?
The figures come from World Bank – processed by Our World in Data, published as part of Annual GDP growth. Statizoid updates them automatically from the source API.

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About this data

Indicator
Annual GDP growth
Unit
%
Source
World Bank – processed by Our World in Data
Licence
CC BY 4.0 (Our World in Data)
Coverage
211 places, 4,892 data points, 2000–2023
Last refreshed

Annual GDP growth (%)