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Estonia GDP

Estonia's GDP rose to $42.76 billion in 2024, up from $41.29 billion in 2023, according to World Bank. This represents an increase of 3.6% ($1.47 billion) from the previous year and accounts for 0.04% of the world's total GDP. Estonia has GDP higher than the global median ($42.76 billion vs median $35.85 billion). Compared with the median in Europe, Estonia is lower ($42.76 billion vs regional median $126.99 billion) and ranks 33rd out of 48 countries in Europe.

Estonia's GDP per capita fell to $20,046.03 in 2024, down from $20,123.42 in 2023.

Yearly Historical Data (1993-2024)

(in Billion USD)
Year GDP (Billion USD)
2024 42.76
2023 41.29
2022 38.38
2021 37.2
2020 31.82
2019 31.87
2018 31.22
2017 27.47
2016 24.56
2015 23.31
2014 27.06
2013 25.45
2012 23.24
2011 23.3
2010 19.52
2009 19.63
2008 24.34
2007 22.45
2006 17.03
2005 14.11
2004 12.15
2003 9.88
2002 7.37
2001 6.25
2000 5.69
1999 5.76
1998 5.67
1997 5.15
1996 4.79
1995 4.5
1994 4.12
1993 4.01
Estonia GDP : Definition
GDP measures the total value of all goods and services produced in Estonia, measured in current US dollars. It is also called Nominal GDP.
Indicator Last Value Prior Value Period
GDP Annual Growth Rate -0.26% -3.02% 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