Gross domestic product (GDP) in Estonia
Estonia: Gross domestic product (GDP) was 51.21 billion international-$ in 2021 prices in 2023. ▲ Rising
Latest (2023)
51.21 billion international-$ in 2021 prices
Change on year
down 6.4%
World rank
115th
of 184 countries
All-time high
55.14 billion international-$ in 2021 prices
in 2021
All-time low
16.09 billion international-$ in 2021 prices
in 1994
Years of data
34
1990–2023
Gross domestic product (GDP) in Estonia, 1990–2023
Source: Feenstra et al. – Penn World Table (2025) – with major processing by Our World in Data. Measured in international-$ in 2021 prices.
Analysis
In 2023, gross domestic product (gdp) in Estonia stood at 51.21 billion international-$ in 2021 prices.
Compared with earlier readings it is down 6.4% on the previous year and up 21.0% over ten years.
Over the whole period, gross domestic product (gdp) in Estonia peaked at 55.14 billion international-$ in 2021 prices in 2021 and was at its lowest, 16.09 billion international-$ in 2021 prices, in 1994.
That places Estonia 115th out of 184 countries with data for 2023, putting it in the middle of the range.
The long-run direction has been consistently rising across the 34 years of available data.
Gross domestic product (GDP) in Estonia, year by year
| Year | international-$ in 2021 prices | Change |
|---|---|---|
| 1990 | 22.16 billion international-$ in 2021 prices | — |
| 1991 | 23.17 billion international-$ in 2021 prices | +4.6% |
| 1992 | 17.52 billion international-$ in 2021 prices | -24.4% |
| 1993 | 16.66 billion international-$ in 2021 prices | -4.9% |
| 1994 | 16.09 billion international-$ in 2021 prices | -3.4% |
| 1995 | 17.46 billion international-$ in 2021 prices | +8.5% |
| 1996 | 18.79 billion international-$ in 2021 prices | +7.6% |
| 1997 | 19.54 billion international-$ in 2021 prices | +4.0% |
| 1998 | 19.65 billion international-$ in 2021 prices | +0.6% |
| 1999 | 19.74 billion international-$ in 2021 prices | +0.5% |
| 2000 | 21.53 billion international-$ in 2021 prices | +9.1% |
| 2001 | 22.69 billion international-$ in 2021 prices | +5.4% |
| 2002 | 24.21 billion international-$ in 2021 prices | +6.7% |
| 2003 | 25.24 billion international-$ in 2021 prices | +4.3% |
| 2004 | 26.52 billion international-$ in 2021 prices | +5.1% |
| 2005 | 30.60 billion international-$ in 2021 prices | +15.4% |
| 2006 | 32.63 billion international-$ in 2021 prices | +6.6% |
| 2007 | 36.48 billion international-$ in 2021 prices | +11.8% |
| 2008 | 36.97 billion international-$ in 2021 prices | +1.3% |
| 2009 | 32.78 billion international-$ in 2021 prices | -11.3% |
| 2010 | 34.23 billion international-$ in 2021 prices | +4.4% |
| 2011 | 39.68 billion international-$ in 2021 prices | +15.9% |
| 2012 | 42.21 billion international-$ in 2021 prices | +6.4% |
| 2013 | 42.31 billion international-$ in 2021 prices | +0.2% |
| 2014 | 43.44 billion international-$ in 2021 prices | +2.7% |
| 2015 | 42.43 billion international-$ in 2021 prices | -2.3% |
| 2016 | 43.92 billion international-$ in 2021 prices | +3.5% |
| 2017 | 46.82 billion international-$ in 2021 prices | +6.6% |
| 2018 | 49.27 billion international-$ in 2021 prices | +5.3% |
| 2019 | 52.97 billion international-$ in 2021 prices | +7.5% |
| 2020 | 52.73 billion international-$ in 2021 prices | -0.4% |
| 2021 | 55.14 billion international-$ in 2021 prices | +4.6% |
| 2022 | 54.74 billion international-$ in 2021 prices | -0.7% |
| 2023 | 51.21 billion international-$ in 2021 prices | -6.4% |
Estonia compared with similar countries
- Estonia's 51.21 billion international-$ in 2021 prices is below the median for high income countries, which is 277.84 billion international-$ in 2021 prices, 18% of the median. (66 countries reporting)
- Estonia's 51.21 billion international-$ in 2021 prices is below the median for Europe & Central Asia, which is 314.74 billion international-$ in 2021 prices, 16% of the median. (48 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 19.08 billion international-$ in 2021 prices | 16.09 billion international-$ in 2021 prices | 23.17 billion international-$ in 2021 prices | 10 |
| 2000s | 28.97 billion international-$ in 2021 prices | 21.53 billion international-$ in 2021 prices | 36.97 billion international-$ in 2021 prices | 10 |
| 2010s | 43.73 billion international-$ in 2021 prices | 34.23 billion international-$ in 2021 prices | 52.97 billion international-$ in 2021 prices | 10 |
| 2020s | 53.46 billion international-$ in 2021 prices | 51.21 billion international-$ in 2021 prices | 55.14 billion international-$ in 2021 prices | 4 |
Countries ranked near Estonia
- 112 Burkina Faso 54.36 billion international-$ in 2021 prices compare
- 113 Mongolia 52.07 billion international-$ in 2021 prices compare
- 114 Mozambique 51.89 billion international-$ in 2021 prices compare
- 116 Guinea 51.12 billion international-$ in 2021 prices compare
- 117 Zimbabwe 50.54 billion international-$ in 2021 prices compare
- 118 Tajikistan 50.32 billion international-$ in 2021 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 51.21 billion international-$ in 2021 prices in 2023, according to Feenstra et al. – Penn World Table (2025) – with major processing by Our World in Data.
- What is the highest gross domestic product (gdp) recorded in Estonia?
- The highest recorded value was 55.14 billion international-$ in 2021 prices in 2021.
- What is the lowest gross domestic product (gdp) recorded in Estonia?
- The lowest recorded value was 16.09 billion international-$ in 2021 prices in 1994.
- How does Estonia rank for gross domestic product (gdp)?
- Estonia ranks 115th out of 184 countries with data for 2023.
- Is gross domestic product (gdp) rising or falling in Estonia?
- Over the last ten years it is up 21.0%. The long-run trend across the full record is rising.
- Where does this Estonia data come from?
- The figures come from Feenstra et al. – Penn World Table (2025) – 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.