Total FDI inflows — Value US$ in Estonia

Estonia: Total FDI inflows — Value US$ was 4,565 million USD in 2023. ◆ Volatile

Latest (2023)
4,565 million USD
Change on year
up 401.4%
World rank
48th
of 191 countries
All-time high
4,565 million USD
in 2023
All-time low
35.5 million USD
in 2015
Years of data
32
1992–2023

Total FDI inflows — Value US$ in Estonia, 1992–2023

01.0k2.0k3.0k4.0k5.0k1992200720231992: 81.9 million USD1993: 161.1 million USD1994: 214.4 million USD1995: 193.3 million USD1996: 147.3 million USD1997: 267.7 million USD1998: 578.4 million USD1999: 302.8 million USD2000: 391.3 million USD2001: 539.3 million USD2002: 288.7 million USD2003: 928 million USD2004: 957.1 million USD2005: 2.8k million USD2006: 1.3k million USD2007: 2.3k million USD2008: 1.8k million USD2009: 1.8k million USD2010: 1.5k million USD2011: 1.0k million USD2012: 1.6k million USD2013: 771.1 million USD2014: 684.6 million USD2015: 35.5 million USD2016: 1.1k million USD2017: 2.0k million USD2018: 1.5k million USD2019: 3.2k million USD2020: 3.6k million USD2021: 264.1 million USD2022: 910.5 million USD2023: 4.6k million USD

Source: Food and Agriculture Organization of the United Nations. Measured in million USD.

Analysis

Estonia recorded 4,565 million USD for total fdi inflows — value us$ in 2023. That is the highest value across all 32 years on record.

Compared with earlier readings it is up 401.4% on the previous year and up 492.0% over ten years.

Over the whole period, total fdi inflows — value us$ in Estonia peaked at 4,565 million USD in 2023 and was at its lowest, 35.5 million USD, in 2015.

That places Estonia 48th out of 191 countries with data for 2023, putting it in the top quarter.

The series is highly variable year to year, so single readings are best treated with caution.

Total FDI inflows — Value US$ in Estonia, year by year

Annual values for Total FDI inflows — Value US$ in Estonia, 1992 to 2023.
Year million USD Change
1992 81.9 million USD —
1993 161.13 million USD +96.7%
1994 214.35 million USD +33.0%
1995 193.32 million USD -9.8%
1996 147.29 million USD -23.8%
1997 267.75 million USD +81.8%
1998 578.37 million USD +116.0%
1999 302.78 million USD -47.6%
2000 391.28 million USD +29.2%
2001 539.32 million USD +37.8%
2002 288.74 million USD -46.5%
2003 927.96 million USD +221.4%
2004 957.08 million USD +3.1%
2005 2,799 million USD +192.5%
2006 1,334 million USD -52.3%
2007 2,311 million USD +73.2%
2008 1,830 million USD -20.8%
2009 1,839 million USD +0.5%
2010 1,509 million USD -18.0%
2011 1,005 million USD -33.4%
2012 1,565 million USD +55.8%
2013 771.1 million USD -50.7%
2014 684.58 million USD -11.2%
2015 35.5 million USD -94.8%
2016 1,059 million USD +2883.9%
2017 1,951 million USD +84.1%
2018 1,517 million USD -22.2%
2019 3,166 million USD +108.6%
2020 3,596 million USD +13.6%
2021 264.11 million USD -92.7%
2022 910.47 million USD +244.7%
2023 4,565 million USD +401.4%

Estonia compared with similar countries

  • Estonia's 4,565 million USD is above the median for high income countries, which is 4,565 million USD, 1.0× the median. (61 countries reporting)
  • Estonia's 4,565 million USD is above the median for Europe & Central Asia, which is 3,447 million USD, 1.3× the median. (43 countries reporting)

Biggest year-on-year movements

Years where Total FDI inflows — Value US$ in Estonia changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.

YearChange FromTo
2016 +2883.9% 35.5 million USD 1,059 million USD

Averages by decade

DecadeAverage LowestHighest Years
1990s 243.36 million USD 81.9 million USD 578.37 million USD 8
2000s 1,322 million USD 288.74 million USD 2,799 million USD 10
2010s 1,326 million USD 35.5 million USD 3,166 million USD 10
2020s 2,334 million USD 264.11 million USD 4,565 million USD 4

Countries ranked near Estonia

  1. 45 South Africa 5,233 million USD compare
  2. 46 Serbia 4,870 million USD compare
  3. 47 Oman 4,745 million USD compare
  4. 49 Thailand 4,548 million USD compare
  5. 50 Austria 4,466 million USD compare
  6. 51 Dominican Republic 4,390 million USD compare

See the full ranking of 239 places →

More economy & growth data for Estonia

All data for Estonia →

Frequently asked questions

What is total fdi inflows — value us$ in Estonia?
Total fdi inflows — value us$ in Estonia was 4,565 million USD in 2023, according to Food and Agriculture Organization of the United Nations.
What is the highest total fdi inflows — value us$ recorded in Estonia?
The highest recorded value was 4,565 million USD in 2023.
What is the lowest total fdi inflows — value us$ recorded in Estonia?
The lowest recorded value was 35.5 million USD in 2015.
How does Estonia rank for total fdi inflows — value us$?
Estonia ranks 48th out of 191 countries with data for 2023.
Is total fdi inflows — value us$ rising or falling in Estonia?
Over the last ten years it is up 492.0%. The long-run trend across the full record is volatile.
Where does this Estonia data come from?
The figures come from Food and Agriculture Organization of the United Nations, published as part of Total FDI inflows — Value US$. Statizoid updates them automatically from the source API.

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Total FDI inflows — Value US$ in Estonia. Statizoid, drawing on Food and Agriculture Organization of the United Nations. Retrieved 26 September 2026, from https://economy.statizoid.com/stat/total-fdi-inflows-value-us/estonia/

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About this data

Indicator
Total FDI inflows — Value US$
Unit
million USD
Source
Food and Agriculture Organization of the United Nations
Licence
CC BY-NC-SA 3.0 IGO (FAO)
Coverage
239 places, 7,713 data points, 1990–2023
Last refreshed

FDI is an investment which aims to acquire a lasting management influence (10 percent or more of the voting stock) in an enterprise operating in a foreign economy. FDI may be undertaken by individuals, as well as business entities. The foreign direct investor most often is aiming to gain access to natural resources, to markets, to labour supply, to technology, to ensure security of supplies or to control the quality of a certain product. FDI can be decomposed into two types of investments: mergers and acquisitions (MA) and greenfield investments. The latter type results in the creation of new entities and the setting up of offices, buildings, plants or factories from scratch in a foreign economy. FDI is the sum of equity capital, reinvested earnings and other FDI capital. Equity capital comprises equity in branches, all shares in subsidiaries and associates (except non-participating, preferred shares that are treated as debt securities and are included under other FDI capital) and other contributions such as the provision of machinery. Reinvested earnings consist of the direct investor's share (in proportion to equity participation) of earnings not distributed by the direct investment enterprise. Other FDI capital (loans) includes the borrowing and lending of funds, including debt securities and trade credits between direct investors and direct investment enterprises. FDI inflows and outflows are important for tracking the direct investment conditions each year. Outward Foreign Direct Investment (FDI) flows record the value of cross-border direct investment transactions from the reporting economy during a year. It represents transactions affecting the investment in enterprises resident abroad. Whereas, Inward Foreign Direct Investment (FDI) flows record the value of cross-border direct investment transactions received by the reporting economy during a year. It represents transactions affecting the investment in enterprises of a specific industry resident in the reporting economy.