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Indicators of economy in Estonia

The essential economic performance of a country is reflected by the gross domestic product. So the total of all goods and services sold. Worldwide gross domestic product in 2021 was at about 12.259 USD per capita. GDP in Estonia, on the other hand, reached USD 27.281 per capita, or 36.26 billion USD in the whole country. Estonia is therefore currently ranked 99 of the major economies. If this is calculated per inhabitant taking into account the purchasing power parity, then Estonia is in the list of the world's richest countries in place 35.

Inflation in Estonia was in 2021 at around 4.65%. Within the EU, the average in the same year was 2.55%. In the United States, it was most recently 4.70%.

Compared with the USA, prices for daily consumer goods are around 26.0% lower.
The Corruption Perceptions Index for the public sector counts 67 and is compared to other countries moderate.


Back to overview: Estonia

Impact of the Covid-19 pandemic

Overall, the gross domestic product in Estonia in 2020 decreased moderatly from 31.05 billion US Dollar to 30.65 billion US Dollar. Certainly, there have been shifts in some sectors of the economy, but a minus of 1.3% is still comparatively good this year. Numerous countries suffered more substantial losses. The tourism sector alone slumped by around 63 percent. The unemployment rate rose from 4.4 to 6.8 percent. The country's gross debt increased by 119.1%. The inflation rate has fallen from 2.3 percent previously to -0.4 percent by the end of 2020.

Unemployment rates in percent 1991 - 2021

Economic performance 2021

 Estonia
Total
Estonia
per capita
EU
Total
EU
per capita
GDP36.26 bn USD27,280.66 USD17,088.62 tn USD33,228.68 USD
Gross national product34.53 bn USD25,973.83 USD16,776.12 tn USD32,621.03 USD


Estonia ranked 39th in the Bloomberg Innovation Index in 2021. The index is calculated annually and most recently included 60 countries. The front-runner was South Korea.

Development of the Gross domestic product in billion US Dollar 1995 - 2021


Household debt and deficits 2021


 Estonia
Total
Estonia
per capita
EU
Total
EU
per capita
Gross debt6.55 bn USD4,924.66 USD15,068.26 tn USD29,300.11 USD
Budget deficit853.20 m USD641.86 USD799.24 bn USD1,554.11 USD


Im- and Exports 2021

 Estonia
Total
Estonia
per capita
EU
Total
EU
per capita
Imports29.09 bn USD21,883.72 USD8,916.24 bn USD17,337.55 USD
Exports29.16 bn USD21,940.55 USD9,554.34 bn USD18,578.33 USD


Development of imports and exports in billions of USD 1992 - 2021

Exports
Imports



Estonia: AirportsLargest airports and airlines in EstoniaThe 5 biggest airports and Estonian in Estonia with further information and data
Estonia: Public HolidaysPublic holidays in Estonia 2022-2026Statutory and inofficial holidays in Estonia for 2022 to 2026
Pariah StatesList of the 11 current Pariah States11 countries, which suffer from the sanctions of the international community because of their mostly autocratic government.