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Estonia Trade (% GDP)

Estonia's trade (% GDP) fell to 151.98% in 2024, down from 154.86% in 2023, according to World Bank. This represents a decrease of 2.88% from the previous year. Estonia has trade (% GDP) higher than the global median (151.98% vs median 84.49%). Compared with the median in Europe, Estonia is higher (151.98% vs regional median 111.00%) and ranks 10th out of 44 countries in Europe.

Yearly Historical Data (1993-2024)

(in %)
Year Trade (% GDP)
2024 151.98%
2023 154.86%
2022 174.56%
2021 160.39%
2020 137.39%
2019 140.35%
2018 143.49%
2017 144.64%
2016 147.75%
2015 148.51%
2014 157.95%
2013 164.6%
2012 169.16%
2011 166.75%
2010 143.67%
2009 116.76%
2008 136.68%
2007 133.98%
2006 136.62%
2005 135.91%
2004 129.95%
2003 122.74%
2002 123.28%
2001 126.55%
2000 126.5%
1999 144.12%
1998 156.84%
1997 151.05%
1996 132.98%
1995 139.09%
1994 148.14%
1993 132.13%
Estonia Trade (% GDP) : Definition
Trade (% GDP) measures the sum of exports and imports for Estonia divided by its total economic output, shown as a percentage.
Indicator Last Value Prior Value Period
Annual Exports $19.77B $20.11B 2024
Annual Imports $22.67B $23.44B 2024
Exports (% GDP) 76.27% 77.86% 2024
FDI Inflows (% GDP) -8.18% 12.96% 2024
Imports (% GDP) 75.71% 77% 2024
Net Trade (Goods & Services, BoP) $262.15M $350.69M 2024
Tariff Rate 1.95% 2.24% 2022