Gross fixed capital formation in Estonia
Estonia: Gross fixed capital formation was 7.57 billion constant LCU in 2025. ▲ Rising
Gross fixed capital formation in Estonia, 1993–2025
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in constant LCU.
Analysis
The most recent figure for gross fixed capital formation in Estonia is 7.57 billion constant LCU, measured in 2025.
Compared with earlier readings it is up 3.2% on the previous year and up 44.3% over ten years.
Over the whole period, gross fixed capital formation in Estonia peaked at 8.96 billion constant LCU in 2021 and was at its lowest, 1.22 billion constant LCU, in 1993.
That places Estonia 139th out of 168 countries with data for 2025, putting it in the bottom quarter.
The long-run direction has been consistently rising across the 33 years of available data.
Gross fixed capital formation in Estonia, year by year
| Year | constant LCU | Change |
|---|---|---|
| 1993 | 1.22 billion constant LCU | — |
| 1994 | 1.33 billion constant LCU | +9.2% |
| 1995 | 1.40 billion constant LCU | +5.6% |
| 1996 | 1.68 billion constant LCU | +19.7% |
| 1997 | 2.07 billion constant LCU | +23.5% |
| 1998 | 2.55 billion constant LCU | +22.9% |
| 1999 | 2.19 billion constant LCU | -14.3% |
| 2000 | 2.50 billion constant LCU | +14.2% |
| 2001 | 2.82 billion constant LCU | +13.0% |
| 2002 | 3.49 billion constant LCU | +23.6% |
| 2003 | 4.10 billion constant LCU | +17.7% |
| 2004 | 4.33 billion constant LCU | +5.5% |
| 2005 | 5.00 billion constant LCU | +15.4% |
| 2006 | 6.14 billion constant LCU | +22.8% |
| 2007 | 6.77 billion constant LCU | +10.3% |
| 2008 | 5.88 billion constant LCU | -13.1% |
| 2009 | 3.69 billion constant LCU | -37.2% |
| 2010 | 3.61 billion constant LCU | -2.2% |
| 2011 | 4.90 billion constant LCU | +35.6% |
| 2012 | 5.48 billion constant LCU | +11.9% |
| 2013 | 5.57 billion constant LCU | +1.5% |
| 2014 | 5.42 billion constant LCU | -2.7% |
| 2015 | 5.25 billion constant LCU | -3.2% |
| 2016 | 5.51 billion constant LCU | +5.1% |
| 2017 | 6.28 billion constant LCU | +13.8% |
| 2018 | 6.94 billion constant LCU | +10.5% |
| 2019 | 7.37 billion constant LCU | +6.2% |
| 2020 | 8.69 billion constant LCU | +17.9% |
| 2021 | 8.96 billion constant LCU | +3.2% |
| 2022 | 7.67 billion constant LCU | -14.4% |
| 2023 | 7.85 billion constant LCU | +2.3% |
| 2024 | 7.34 billion constant LCU | -6.5% |
| 2025 | 7.57 billion constant LCU | +3.2% |
Estonia compared with similar countries
- Estonia's 7.57 billion constant LCU is below the median for high income countries, which is 135.02 billion constant LCU, 6% of the median. (58 countries reporting)
- Estonia's 7.57 billion constant LCU is below the median for Europe & Central Asia, which is 140.09 billion constant LCU, 5% of the median. (50 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 1.78 billion constant LCU | 1.22 billion constant LCU | 2.55 billion constant LCU | 7 |
| 2000s | 4.47 billion constant LCU | 2.50 billion constant LCU | 6.77 billion constant LCU | 10 |
| 2010s | 5.63 billion constant LCU | 3.61 billion constant LCU | 7.37 billion constant LCU | 10 |
| 2020s | 8.01 billion constant LCU | 7.34 billion constant LCU | 8.96 billion constant LCU | 6 |
Countries ranked near Estonia
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 fixed capital formation in Estonia?
- Gross fixed capital formation in Estonia was 7.57 billion constant LCU in 2025, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest gross fixed capital formation recorded in Estonia?
- The highest recorded value was 8.96 billion constant LCU in 2021.
- What is the lowest gross fixed capital formation recorded in Estonia?
- The lowest recorded value was 1.22 billion constant LCU in 1993.
- How does Estonia rank for gross fixed capital formation?
- Estonia ranks 139th out of 168 countries with data for 2025.
- Is gross fixed capital formation rising or falling in Estonia?
- Over the last ten years it is up 44.3%. The long-run trend across the full record is rising.
- Where does this Estonia data come from?
- The figures come from Country official statistics, National Statistical Organizations and/or Central Banks, published as part of Gross fixed capital formation (constant LCU). Statizoid updates them automatically from the source API.
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About this data
Gross fixed capital formation includes acquisitions less disposals of fixed assets during the accounting period, including certain specified expenditures on services that add to the value of non-produced assets. This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment varies by country. This series is expressed in local currency units.