Gross domestic product (GDP) in Estonia
Estonia: Gross domestic product (GDP) was 51.21 billion international-$ in 2021 prices in 2023. ▲ Rising
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.
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
- External balance on goods and services as a percent of GDP 1.0% (2025)
- Inflation of consumer prices 4.8% (2025)
- GDP per capita 20,282 constant 2015 US$ (2025)
- Share of manufacturing in gross domestic product (GDP) 10.8% (2025)
- Gross domestic product (GDP) 27.72 billion constant 2015 US$ (2025)
- GDP per capita in international and market dollars 20,282 constant 2015 US$ (2025)
- DEC alternative conversion factor 0.885 LCU per US$ (2025)
- Net secondary income (Net current transfers from abroad) 174.40 million current LCU (2024)
- Net secondary income (Net current transfers from abroad) 188.77 million current US$ (2024)
- Taxes less subsidies on products 5.33 billion current LCU (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.