Gross capital formation, Percent of GDP in Estonia
Estonia: Gross capital formation, Percent of GDP was 23.54 in 2031. ▼ Falling
Gross capital formation, Percent of GDP in Estonia, 1993–2031
Source: International Monetary Fund.
Analysis
In 2031, gross capital formation, percent of gdp in Estonia stood at 23.54.
That represents a change of down 0.3% on the previous year and down 23.9% over ten years.
Over the whole period, gross capital formation, percent of gdp in Estonia peaked at 40.01 in 2007 and was at its lowest, 21.01, in 2009.
That places Estonia 17th out of 26 countries with data for 2031, putting it in the middle of the range.
The long-run direction has been consistently falling across the 39 years of available data.
Gross capital formation, Percent of GDP in Estonia, year by year
| Year | Value | Change |
|---|---|---|
| 1993 | 25.74 | — |
| 1994 | 26.6 | +3.3% |
| 1995 | 26.41 | -0.7% |
| 1996 | 27.49 | +4.1% |
| 1997 | 30.73 | +11.8% |
| 1998 | 31.62 | +2.9% |
| 1999 | 25.9 | -18.1% |
| 2000 | 28.48 | +9.9% |
| 2001 | 29.6 | +4.0% |
| 2002 | 32.93 | +11.2% |
| 2003 | 35.19 | +6.9% |
| 2004 | 34.65 | -1.5% |
| 2005 | 33.35 | -3.7% |
| 2006 | 39.83 | +19.4% |
| 2007 | 40.01 | +0.5% |
| 2008 | 31.63 | -20.9% |
| 2009 | 21.01 | -33.6% |
| 2010 | 21.59 | +2.8% |
| 2011 | 25.47 | +18.0% |
| 2012 | 29.08 | +14.2% |
| 2013 | 26.87 | -7.6% |
| 2014 | 26.73 | -0.5% |
| 2015 | 24.64 | -7.8% |
| 2016 | 24.7 | +0.2% |
| 2017 | 25.94 | +5.0% |
| 2018 | 27.85 | +7.4% |
| 2019 | 26.36 | -5.4% |
| 2020 | 29.65 | +12.5% |
| 2021 | 30.95 | +4.4% |
| 2022 | 27.92 | -9.8% |
| 2023 | 25.13 | -10.0% |
| 2024 | 24.55 | -2.3% |
| 2025 | 24.85 | +1.2% |
| 2026 | 23.53 | -5.3% |
| 2027 | 23.6 | +0.3% |
| 2028 | 23.79 | +0.8% |
| 2029 | 23.76 | -0.1% |
| 2030 | 23.61 | -0.6% |
| 2031 | 23.54 | -0.3% |
Estonia compared with similar countries
- Estonia's 23.54 is below the median for high income countries, which is 25.87, 91% of the median. (13 countries reporting)
- Estonia's 23.54 is below the median for Europe & Central Asia, which is 24.64, 96% of the median. (7 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 27.78 | 25.74 | 31.62 | 7 |
| 2000s | 32.67 | 21.01 | 40.01 | 10 |
| 2010s | 25.92 | 21.59 | 29.08 | 10 |
| 2020s | 25.77 | 23.53 | 30.95 | 10 |
| 2030s | 23.58 | 23.54 | 23.61 | 2 |
Countries ranked near Estonia
- 14 Montenegro 24.64 compare
- 15 Chinese Taipei 24.43 compare
- 16 Ecuador 23.75 compare
- 18 Honduras 23.39 compare
- 19 Dominican Republic 22.33 compare
- 20 Spain 21.47 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 capital formation, percent of gdp in Estonia?
- Gross capital formation, percent of gdp in Estonia was 23.54 in 2031, according to International Monetary Fund.
- What is the highest gross capital formation, percent of gdp recorded in Estonia?
- The highest recorded value was 40.01 in 2007.
- What is the lowest gross capital formation, percent of gdp recorded in Estonia?
- The lowest recorded value was 21.01 in 2009.
- How does Estonia rank for gross capital formation, percent of gdp?
- Estonia ranks 17th out of 26 countries with data for 2031.
- Is gross capital formation, percent of gdp rising or falling in Estonia?
- Over the last ten years it is down 23.9%. The long-run trend across the full record is falling.
- Where does this Estonia data come from?
- The figures come from International Monetary Fund, published as part of Gross capital formation, Percent of GDP (9/26/2025). Statizoid updates them automatically from the source API.
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About this data
The World Economic Outlook (WEO) database is created during the biannual WEO exercise, which begins in January and June of each year and results in the April and September/October WEO publication. Selected series from the publication are available in a database format.