Gross domestic product (GDP) in Estonia
Estonia: Gross domestic product (GDP) was 40.00 billion international-$ in 2011 prices in 2022. ▲ Rising
Latest (2022)
40.00 billion international-$ in 2011 prices
Change on year
down 1.3%
World rank
116th
of 166 countries
All-time high
40.52 billion international-$ in 2011 prices
in 2021
All-time low
17.71 billion international-$ in 2011 prices
in 1994
Years of data
44
1973–2022
Gross domestic product (GDP) in Estonia, 1973–2022
Source: Bolt and van Zanden – Maddison Project Database 2023 – with major processing by Our World in Data. Measured in international-$ in 2011 prices.
Analysis
In 2022, gross domestic product (gdp) in Estonia stood at 40.00 billion international-$ in 2011 prices.
Compared with earlier readings it is down 1.3% on the previous year and up 32.6% over ten years.
Over the whole period, gross domestic product (gdp) in Estonia peaked at 40.52 billion international-$ in 2011 prices in 2021 and was at its lowest, 17.71 billion international-$ in 2011 prices, in 1994.
Estonia ranks 116th of 166 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 44 years of available data.
Gross domestic product (GDP) in Estonia, year by year
| Year | international-$ in 2011 prices | Change |
|---|---|---|
| 1973 | 19.47 billion international-$ in 2011 prices | — |
| 1980 | 22.30 billion international-$ in 2011 prices | +14.5% |
| 1981 | 23.11 billion international-$ in 2011 prices | +3.7% |
| 1982 | 23.95 billion international-$ in 2011 prices | +3.6% |
| 1983 | 24.78 billion international-$ in 2011 prices | +3.5% |
| 1984 | 25.43 billion international-$ in 2011 prices | +2.6% |
| 1985 | 25.44 billion international-$ in 2011 prices | +0.1% |
| 1986 | 26.14 billion international-$ in 2011 prices | +2.7% |
| 1987 | 26.40 billion international-$ in 2011 prices | +1.0% |
| 1988 | 27.71 billion international-$ in 2011 prices | +5.0% |
| 1989 | 29.50 billion international-$ in 2011 prices | +6.4% |
| 1990 | 27.07 billion international-$ in 2011 prices | -8.3% |
| 1991 | 23.94 billion international-$ in 2011 prices | -11.5% |
| 1992 | 20.20 billion international-$ in 2011 prices | -15.6% |
| 1993 | 18.21 billion international-$ in 2011 prices | -9.9% |
| 1994 | 17.71 billion international-$ in 2011 prices | -2.7% |
| 1995 | 18.63 billion international-$ in 2011 prices | +5.2% |
| 1996 | 19.29 billion international-$ in 2011 prices | +3.5% |
| 1997 | 21.17 billion international-$ in 2011 prices | +9.8% |
| 1998 | 21.70 billion international-$ in 2011 prices | +2.5% |
| 1999 | 21.13 billion international-$ in 2011 prices | -2.6% |
| 2000 | 23.53 billion international-$ in 2011 prices | +11.4% |
| 2001 | 24.62 billion international-$ in 2011 prices | +4.6% |
| 2002 | 25.69 billion international-$ in 2011 prices | +4.3% |
| 2003 | 27.16 billion international-$ in 2011 prices | +5.7% |
| 2004 | 28.39 billion international-$ in 2011 prices | +4.5% |
| 2005 | 30.57 billion international-$ in 2011 prices | +7.7% |
| 2006 | 33.16 billion international-$ in 2011 prices | +8.5% |
| 2007 | 35.12 billion international-$ in 2011 prices | +5.9% |
| 2008 | 32.66 billion international-$ in 2011 prices | -7.0% |
| 2009 | 27.40 billion international-$ in 2011 prices | -16.1% |
| 2010 | 27.59 billion international-$ in 2011 prices | +0.7% |
| 2011 | 29.22 billion international-$ in 2011 prices | +5.9% |
| 2012 | 30.16 billion international-$ in 2011 prices | +3.2% |
| 2013 | 30.60 billion international-$ in 2011 prices | +1.5% |
| 2014 | 31.52 billion international-$ in 2011 prices | +3.0% |
| 2015 | 32.11 billion international-$ in 2011 prices | +1.9% |
| 2016 | 33.12 billion international-$ in 2011 prices | +3.2% |
| 2017 | 35.04 billion international-$ in 2011 prices | +5.8% |
| 2018 | 36.36 billion international-$ in 2011 prices | +3.8% |
| 2019 | 37.72 billion international-$ in 2011 prices | +3.7% |
| 2020 | 37.52 billion international-$ in 2011 prices | -0.6% |
| 2021 | 40.52 billion international-$ in 2011 prices | +8.0% |
| 2022 | 40.00 billion international-$ in 2011 prices | -1.3% |
Estonia compared with similar countries
- Estonia's 40.00 billion international-$ in 2011 prices is below the median for high income countries, which is 308.39 billion international-$ in 2011 prices, 13% of the median. (55 countries reporting)
- Estonia's 40.00 billion international-$ in 2011 prices is below the median for Europe & Central Asia, which is 245.02 billion international-$ in 2011 prices, 16% of the median. (48 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 19.47 billion international-$ in 2011 prices | 19.47 billion international-$ in 2011 prices | 19.47 billion international-$ in 2011 prices | 1 |
| 1980s | 25.48 billion international-$ in 2011 prices | 22.30 billion international-$ in 2011 prices | 29.50 billion international-$ in 2011 prices | 10 |
| 1990s | 20.90 billion international-$ in 2011 prices | 17.71 billion international-$ in 2011 prices | 27.07 billion international-$ in 2011 prices | 10 |
| 2000s | 28.83 billion international-$ in 2011 prices | 23.53 billion international-$ in 2011 prices | 35.12 billion international-$ in 2011 prices | 10 |
| 2010s | 32.34 billion international-$ in 2011 prices | 27.59 billion international-$ in 2011 prices | 37.72 billion international-$ in 2011 prices | 10 |
| 2020s | 39.35 billion international-$ in 2011 prices | 37.52 billion international-$ in 2011 prices | 40.52 billion international-$ in 2011 prices | 3 |
Countries ranked near Estonia
- 113 Bosnia and Herzegovina 47.07 billion international-$ in 2011 prices compare
- 114 Mongolia 44.81 billion international-$ in 2011 prices compare
- 115 North Korea 40.49 billion international-$ in 2011 prices compare
- 117 Armenia 39.72 billion international-$ in 2011 prices compare
- 118 Botswana 39.29 billion international-$ in 2011 prices compare
- 119 Madagascar 38.60 billion international-$ in 2011 prices compare
More economy & growth data for Estonia
- Foreign direct investment, net outflows (BoP, current US$), gaps -24.28 million BoP, current US$ (2025)
- Foreign direct investment, net outflows (BoP, current US$), per unit -0.0005 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net outflows (BoP, current US$), per capita -17.77 BoP, current US$ per person (2025)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled -838.20 million BoP, current US$ (2025)
- Foreign direct investment, net inflows (BoP, current US$), annual 75.62 % change on previous year (2025)
- Foreign direct investment, net inflows (BoP, current US$), per unit -0.0178 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net inflows (BoP, current US$), per capita -613.4 BoP, current US$ per person (2025)
- Total reserves (includes gold, current US$), annual growth rate 17.56 % change on previous year (2025)
- Total reserves (includes gold, current US$), per unit of GDP 0.0519 includes gold, current US$ per US$ of GDP (2025)
- Total reserves (includes gold, current US$), per capita 1,785 includes gold, current US$ per person (2025)
Frequently asked questions
- What is gross domestic product (gdp) in Estonia?
- Gross domestic product (gdp) in Estonia was 40.00 billion international-$ in 2011 prices in 2022, according to Bolt and van Zanden – Maddison Project Database 2023 – with major processing by Our World in Data.
- What is the highest gross domestic product (gdp) recorded in Estonia?
- The highest recorded value was 40.52 billion international-$ in 2011 prices in 2021.
- What is the lowest gross domestic product (gdp) recorded in Estonia?
- The lowest recorded value was 17.71 billion international-$ in 2011 prices in 1994.
- How does Estonia rank for gross domestic product (gdp)?
- Estonia ranks 116th out of 166 countries with data for 2022.
- Is gross domestic product (gdp) rising or falling in Estonia?
- Over the last ten years it is up 32.6%. The long-run trend across the full record is rising.
- Where does this Estonia data come from?
- The figures come from Bolt and van Zanden – Maddison Project Database 2023 – with major processing by Our World in Data, published as part of Gross domestic product (GDP). Statizoid updates them automatically from the source API.
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About this data
Total economic output of a country or region per year. This data is adjusted for inflation and differences in living costs between countries.