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Estonia GDP Annual Growth Rate

Estonia's GDP annual growth rate rose to -0.26% in 2024, up from -3.02% in 2023, according to World Bank. This represents an increase of 2.76% from the previous year. Estonia has the 20th lowest GDP annual growth rate. Within Europe, it ranks 44th out of 47 countries.

Estonia's real GDP fell to $27.5 billion in 2024, down from $27.57 billion in 2023.

Yearly Historical Data (1991-2024)

(in %)
Year GDP Annual Growth Rate (%)
2024 -0.26%
2023 -3.02%
2022 0.06%
2021 7.15%
2020 -2.88%
2019 3.73%
2018 3.7%
2017 5.63%
2016 3.09%
2015 1.84%
2014 3.32%
2013 1.76%
2012 3.67%
2011 7.61%
2010 2.45%
2009 -14.63%
2008 -5.13%
2007 7.57%
2006 9.76%
2005 9.52%
2004 6.8%
2003 7.6%
2002 6.93%
2001 5.88%
2000 10.09%
1999 -0.43%
1998 4.34%
1997 13.05%
1996 4.94%
1995 4.53%
1994 -1.64%
1993 -5.74%
1992 -21.17%
1991 -8%
Estonia GDP Annual Growth Rate : Definition
GDP Annual Growth Rate measures the yearly percentage change in Estonia's total economic output.
Indicator Last Value Prior Value Period
GDP $42.76B $41.29B 2024
GDP per Capita $20,046.03 $20,123.42 2024
GDP per Capita PPP $41,546.12 $41,706.52 2024
R&D Expenditure (% GDP) 1.78% 1.77% 2022
Real GDP $27.5B $27.57B 2024