Estonia Total Debt: % of GDP

2003 - 2023 | Quarterly | % | CEIC Data

Key information about Estonia Total Debt: % of GDP

  • Estonia Total Debt accounted for 353.3 % of the country's GDP in 2023, compared with the ratio of 354.0 % in the previous quarter.
  • Estonia Total Debt: % of GDP data is updated quarterly, available from Dec 2003 to Sep 2023.
  • The data reached an all-time high of 419.0 % in Dec 2020 and a record low of 249.5 % in Mar 2004.

CEIC calculates quarterly Total Debt as % of Nominal GDP from quarterly Total Debt and quarterly Nominal GDP. Total Debt is calculated as the Total Liabilities less Equity & Investment Fund Shares and Financial Derivatives. The Bank of Estonia provides Total Debt in EUR. The Statistical Office of Estonia provides Nominal GDP in EUR.

View Estonia's Total Debt: % of GDP from Dec 2003 to Sep 2023 in the chart:

Estonia Total Debt: % of GDP

What was Estonia's Total Debt: % of GDP in Sep 2023?

Estonia Total Debt accounted for 353.3 % of the country's GDP in 2023, compared with the ratio of 354.0 % in the previous quarter. See the table below for more data.

Last Previous Min Max Unit Frequency Range
353.3 Sep 2023 354.0 Jun 2023 249.5 Mar 2004 419.0 Dec 2020 % quarterly Dec 2003 - Sep 2023

Total Debt: % of GDP by Country Comparison

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Includes Total Debt: % of GDP on 43 economies standardised by CEIC. Instant access to full history data in excel.
country/region Last Frequency Range
Australia (%) 259.4 Dec 2023 quarterly Jun 1988 - Dec 2023
Austria (%) 538.4 Jun 2023 quarterly Mar 1999 - Jun 2023
Belgium (%) 707.6 Sep 2023 quarterly Dec 1998 - Sep 2023
Bulgaria (%) 358.8 2022 yearly 1995 - 2022
Canada (%) 937.1 Dec 2023 quarterly Mar 1990 - Dec 2023
Croatia (%) 460.0 Dec 2022 quarterly Mar 2012 - Dec 2022
Cyprus (%) 1,238.5 2022 yearly 1995 - 2022
Czech Republic (%) 381.9 Sep 2023 quarterly Mar 2008 - Sep 2023
Denmark (%) 783.5 2022 yearly 1994 - 2022
Estonia (%) 353.3 Sep 2023 quarterly Dec 2003 - Sep 2023
European Union (%) 729.3 2022 yearly 2001 - 2022
Finland (%) 638.9 2023 yearly 1995 - 2023
France (%) 935.4 Sep 2023 quarterly Mar 1996 - Sep 2023
Germany (%) 584.9 Sep 2023 quarterly Mar 1999 - Sep 2023
Greece (%) 559.8 Sep 2023 quarterly Dec 1997 - Sep 2023
Hungary (%) 414.8 Dec 2023 quarterly Dec 1995 - Dec 2023
Iceland (%) 766.2 2021 yearly 2003 - 2021
Ireland (%) 954.9 Sep 2023 quarterly Mar 2002 - Sep 2023
Italy (%) 577.3 Sep 2023 quarterly Dec 1995 - Sep 2023
Japan (%) 1,291.0 Dec 2023 quarterly Jun 1998 - Dec 2023
South Korea (%) 757.9 Dec 2023 quarterly Dec 2008 - Dec 2023
Latvia (%) 312.5 Jun 2023 quarterly Mar 2004 - Jun 2023
Lithuania (%) 299.8 Dec 2023 quarterly Dec 1995 - Dec 2023
Luxembourg (%) 7,274.3 Sep 2023 quarterly Dec 1995 - Sep 2023
North Macedonia (%) 342.0 2023 yearly 2013 - 2023
Malta (%) 1,540.6 Sep 2023 quarterly Mar 2004 - Sep 2023
Mexico (%) 104.1 Dec 2023 quarterly Dec 2000 - Dec 2023
Netherlands (%) 913.2 Dec 2023 quarterly Mar 1999 - Dec 2023
New Zealand (%) 621.0 2021 yearly 2006 - 2021
Norway (%) 589.0 Dec 2023 quarterly Dec 1995 - Dec 2023
Poland (%) 292.8 Sep 2023 quarterly Mar 2004 - Sep 2023
Portugal (%) 496.1 Sep 2023 quarterly Dec 1995 - Sep 2023
Romania (%) 249.6 Dec 2023 quarterly Mar 2007 - Dec 2023
Slovakia (%) 396.7 Sep 2023 quarterly Dec 2012 - Sep 2023
Slovenia (%) 337.3 Dec 2023 quarterly Mar 2004 - Dec 2023
Spain (%) 594.6 Sep 2023 quarterly Dec 1995 - Sep 2023
Sweden (%) 729.2 Dec 2023 quarterly Mar 1996 - Dec 2023
Switzerland (%) 980.0 2022 yearly 1999 - 2022
Taiwan (%) 882.1 2022 yearly 2000 - 2022
Turkey (%) 305.1 Sep 2023 quarterly Dec 2014 - Sep 2023
Ukraine (%) 235.5 2021 yearly 2009 - 2021
United Kingdom (%) 911.0 Dec 2023 quarterly Mar 1987 - Dec 2023
United States (%) 730.6 Dec 2023 quarterly Dec 1951 - Dec 2023

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Estonia Key Series

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Includes 260 key indicators for Estonia, curated by CEIC analysts. Instant access to full history data in excel.
Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) -3.4 Dec 2023 quarterly Dec 1999 - Dec 2023
Consolidated Fiscal Balance (USD mn) -754.548 Dec 2023 quarterly Mar 1999 - Dec 2023
Tax Revenue (USD mn) 2,439.502 Dec 2023 quarterly Mar 1999 - Dec 2023
Tax Revenue: % of GDP (%) 22.9 Dec 2023 quarterly Mar 1999 - Dec 2023
National Government Debt (USD mn) 8,156.6 Dec 2023 quarterly Mar 2000 - Dec 2023
Government Debt: % of GDP (%) 19.6 Dec 2023 quarterly Mar 2000 - Dec 2023
Forecast: Government Expenditure (EUR bn) 21.623 2028 yearly 1995 - 2028
Forecast: Government Net Debt (EUR bn) 15.291 2028 yearly 1995 - 2028
Forecast: Government Revenue (EUR bn) 20.346 2028 yearly 1995 - 2028
General Govt: Con: Expenditure: Net Lending or Borrowing (EUR mn) -701.100 Dec 2023 quarterly Mar 1999 - Dec 2023
General Govt: Consolidated (Con): Revenue (EUR mn) 4,186.700 Dec 2023 quarterly Mar 1999 - Dec 2023
General Govt: Consolidated (Con): Expenditure (EUR mn) 4,887.800 Dec 2023 quarterly Mar 1999 - Dec 2023
General Govt Debt: Consolidated: Gross at Nominal Value (EUR mn) 7,373.500 Dec 2023 quarterly Mar 2000 - Dec 2023
General Government Debt: % of GDP (%) 19.600 2023 yearly 2000 - 2023
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 3.000 2028 yearly 1994 - 2028
Trade Balance (USD mn) -217.8 Feb 2024 monthly Jan 1993 - Feb 2024
Total Exports (USD mn) 1,451.7 Feb 2024 monthly Jan 1993 - Feb 2024
Total Exports Growth (%) -15.2 Feb 2024 monthly Jan 1994 - Feb 2024
Aluminum: Exports (USD th) 24,684.250 2022 yearly 1995 - 2022
Exports: Medicament (USD th) 108,648.136 2022 yearly 1995 - 2022
Exports: Medicinal and Pharmaceutical Product (USD th) 22,972.410 2022 yearly 1995 - 2022
Total Imports (USD mn) 1,669.4 Feb 2024 monthly Jan 1993 - Feb 2024
Total Imports Growth (%) -10.1 Feb 2024 monthly Jan 1994 - Feb 2024
Imports: Medicament (USD th) 517,038.046 2022 yearly 1995 - 2022
Imports: Medicinal and Pharmaceutical Product (USD th) 161,170.277 2022 yearly 1995 - 2022
Total Exports to USA (USD mn) 45.833 Feb 2024 monthly Jan 1992 - Feb 2024
Total Imports from USA (USD mn) 19.820 Feb 2024 monthly Jan 1992 - Feb 2024
Total Exports to China (USD mn) 18.824 Feb 2024 monthly Dec 1997 - Feb 2024
Total Imports from China (USD mn) 50.358 Feb 2024 monthly Jan 2004 - Feb 2024
Exports: Russian Federation (EUR) 33,348,972.000 Feb 2024 monthly Jan 2004 - Feb 2024
Exports: Sweden (EUR) 129,308,806.000 Feb 2024 monthly Jan 2004 - Feb 2024
Exports: Finland (EUR) 212,279,517.000 Feb 2024 monthly Jan 2004 - Feb 2024
Exports: Latvia (EUR) 120,610,205.000 Feb 2024 monthly Jan 2004 - Feb 2024
Exports: Lithuania (EUR) 108,341,302.000 Feb 2024 monthly Jan 2004 - Feb 2024
Imports: Latvia (EUR) 195,085,485.000 Feb 2024 monthly Jan 2004 - Feb 2024
Imports: Finland (EUR) 201,312,336.000 Feb 2024 monthly Jan 2004 - Feb 2024
Imports: Germany (EUR) 187,497,954.000 Feb 2024 monthly Jan 2004 - Feb 2024
Imports: Lithuania (EUR) 178,715,509.000 Feb 2024 monthly Jan 2004 - Feb 2024
Imports: Sweden (EUR) 125,843,094.000 Feb 2024 monthly Jan 2004 - Feb 2024
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) 57.0 Jan 2024 monthly Jan 1999 - Jan 2024
Current Account Balance (USD mn) 94.3 Apr 2023 monthly Jan 1999 - Apr 2023
Current Account Balance: % of GDP (%) 0.3 Mar 2023 quarterly Mar 2000 - Mar 2023
Foreign Direct Investment (USD mn) 184.6 Apr 2023 monthly Jan 2008 - Apr 2023
Foreign Direct Investment: % of GDP (%) 22.9 Dec 2023 quarterly Mar 2008 - Dec 2023
Foreign Portfolio Investment (USD mn) 84.021 Dec 2023 quarterly Mar 2008 - Dec 2023
Foreign Portfolio Investment: % of GDP (%) 0.8 Dec 2023 quarterly Mar 2008 - Dec 2023
Foreign Portfolio Investment: Equity Securities (USD mn) 19.5 Dec 2023 quarterly Mar 2008 - Dec 2023
Foreign Portfolio Investment: Debt Securities (USD mn) 64.433 Dec 2023 quarterly Mar 2008 - Dec 2023
External Debt (USD mn) 37,602.9 Dec 2023 quarterly Mar 1996 - Dec 2023
External Debt: % of GDP (%) 90.2 2023 yearly 1996 - 2023
External Debt: Short Term (USD mn) 11,029.8 Dec 2023 quarterly Mar 1996 - Dec 2023
External Debt: Short Term: % of GDP (%) 26.5 2023 yearly 1996 - 2023
Total Debt: % of GDP (%) 353.3 Sep 2023 quarterly Dec 2003 - Sep 2023
Forecast: Current Account Balance (USD bn) 0.619 2028 yearly 1993 - 2028
Net International Investment Position (USD mn) -8,996.614 Dec 2023 quarterly Mar 1996 - Dec 2023
BoP: Financial Account: Direct Investment: Assets (EUR mn) 52.300 Jan 2024 monthly Jan 2008 - Jan 2024
BoP: Financial Account: Direct Investment: Liabilities (EUR mn) 191.100 Jan 2024 monthly Jan 2008 - Jan 2024
BoP: Current Account: Secondary Income: Credit (EUR mn) 29.000 Jan 2024 monthly Jan 2008 - Jan 2024
BoP: Current Account: Primary Income: Credit (EUR mn) 200.300 Jan 2024 monthly Jan 2008 - Jan 2024
BoP: Current Account: Goods (EUR mn) -75.900 Jan 2024 monthly Jan 2008 - Jan 2024
BoP: Current Account: Goods: Credit (EUR mn) 1,401.100 Jan 2024 monthly Jan 2008 - Jan 2024
BoP: Financial Account: Financial Derivatives Other Than Reserves and Employee S... (EUR mn) -22.500 Jan 2024 monthly Jan 2008 - Jan 2024
BoP: Financial Account: Portfolio Investment: Liabilities (EUR mn) 1,061.500 Jan 2024 monthly Jan 2008 - Jan 2024
BoP: Financial Account: Portfolio Investment: Assets (EUR mn) 1,235.800 Jan 2024 monthly Jan 2008 - Jan 2024
BoP: Current Account: Secondary Income: Debit (EUR mn) 60.400 Jan 2024 monthly Jan 2008 - Jan 2024
BoP: Capital Account (EUR mn) 0.300 Jan 2024 monthly Jan 2008 - Jan 2024
BoP: Financial Account: Reserve Assets (EUR mn) 15.200 Jan 2024 monthly Jan 2008 - Jan 2024
BoP: Current Account: Goods: Debit (EUR mn) 1,477.000 Jan 2024 monthly Jan 2008 - Jan 2024
BoP: Current Account: Services: Credit (EUR mn) 970.600 Jan 2024 monthly Jan 2008 - Jan 2024
Balance of Payments (BoP): Current Account (EUR mn) -45.200 Jan 2024 monthly Jan 2008 - Jan 2024
BoP: Current Account: Services: Debit (EUR mn) 788.000 Jan 2024 monthly Jan 2008 - Jan 2024
BoP: Current Account: Secondary Income (EUR mn) -31.400 Jan 2024 monthly Jan 2008 - Jan 2024
BoP: Financial Account (EUR mn) -239.600 Jan 2024 monthly Jan 2008 - Jan 2024
BoP: Financial Account: Other Investment: Liabilities (EUR mn) 472.800 Jan 2024 monthly Jan 2008 - Jan 2024
BoP: Current Account: Primary Income (EUR mn) -120.500 Jan 2024 monthly Jan 2008 - Jan 2024
BoP: Current Account: Primary Income: Debit (EUR mn) 320.800 Jan 2024 monthly Jan 2008 - Jan 2024
BoP: Financial Account: Direct Investment (EUR mn) -138.800 Jan 2024 monthly Jan 2008 - Jan 2024
BoP: Financial Account: Other Investment (EUR mn) -267.800 Jan 2024 monthly Jan 2008 - Jan 2024
BoP: Financial Account: Other Investment: Assets (EUR mn) 204.900 Jan 2024 monthly Jan 2008 - Jan 2024
BoP: Current Account: Services (EUR mn) 182.600 Jan 2024 monthly Jan 2008 - Jan 2024
BoP: Financial Account: Portfolio Investment: Liabilities: Debt Securities (EUR mn) -1.200 Nov 2018 monthly Jan 2008 - Nov 2018
BoP: Financial Account: Portfolio Investment (EUR mn) 174.300 Jan 2024 monthly Jan 2008 - Jan 2024
IIP: External Assets (EUR mn) 67,507.500 Dec 2023 quarterly Mar 1996 - Dec 2023
IIP: External Liabilities (EUR mn) 75,640.500 Dec 2023 quarterly Mar 1996 - Dec 2023
International Investment Position (IIP): Net (EUR mn) -8,132.900 Dec 2023 quarterly Mar 1996 - Dec 2023
Gross External Debt: General Government: Long Term (EUR mn) 6,925.800 Dec 2023 quarterly Mar 1996 - Dec 2023
Gross External Debt: General Government: Short Term (EUR mn) 936.500 Dec 2023 quarterly Mar 1996 - Dec 2023
Gross External Debt (EUR mn) 33,992.900 Dec 2023 quarterly Mar 1996 - Dec 2023
Gross External Debt: General Government (EUR mn) 7,862.300 Dec 2023 quarterly Mar 1996 - Dec 2023
FDI: Flow: Finland (EUR mn) -14.300 Dec 2023 quarterly Mar 1994 - Dec 2023
FDI: Flow: Russian Federation (EUR mn) 15.500 Dec 2023 quarterly Mar 1994 - Dec 2023
FDI: Flow: Sweden (EUR mn) 135.400 Dec 2023 quarterly Mar 1994 - Dec 2023
Foreign Direct Investment (FDI): Flow (EUR mn) 2,427.900 Dec 2023 quarterly Mar 1994 - Dec 2023
FDI: Flow: Latvia (EUR mn) 105.600 Dec 2023 quarterly Mar 1994 - Dec 2023
FDI: Flow: Lithuania (EUR mn) -6.200 Dec 2023 quarterly Mar 1996 - Dec 2023
FDI: Flow: EMTAK 2008: Transportation and Storage (EUR mn) -37.700 Dec 2023 quarterly Mar 1994 - Dec 2023
FDI: Flow: EMTAK 2008: Manufacturing (EUR mn) 8.900 Dec 2023 quarterly Mar 1994 - Dec 2023
FDI: Flow: EMTAK 2008: Financial and Insurance Activities (EUR mn) 1,331.800 Dec 2023 quarterly Mar 1994 - Dec 2023
FDI: Flow: EMTAK 2008: Real Estate Activities (EUR mn) 29.900 Dec 2023 quarterly Mar 1994 - Dec 2023
FDI: Flow: EMTAK 2008: Wholesale and Retail Trade (EUR mn) -112.500 Dec 2023 quarterly Mar 1994 - Dec 2023
Direct Investment Abroad (DIA): Flow (EUR mn) 284.700 Dec 2023 quarterly Mar 1994 - Dec 2023
DIA: Flow: Lithuania (EUR mn) 12.100 Dec 2023 quarterly Mar 1995 - Dec 2023
DIA: Flow: Sweden (EUR mn) 0.800 Dec 2023 quarterly Jun 1995 - Dec 2023
DIA: Flow: Russian Federation (EUR mn) -1.500 Dec 2023 quarterly Sep 1995 - Dec 2023
DIA: Flow: Finland (EUR mn) 34.000 Dec 2023 quarterly Mar 1995 - Dec 2023
DIA: Flow: Latvia (EUR mn) -47.500 Dec 2023 quarterly Mar 1995 - Dec 2023
DIA: Flow: EMTAK 2008: Real Estate Activities (EUR mn) 1.600 Dec 2023 quarterly Dec 1996 - Dec 2023
DIA: Flow: EMTAK 2008: Manufacturing (EUR mn) -0.800 Dec 2023 quarterly Dec 1994 - Dec 2023
DIA: Flow: EMTAK 2008: Financial and Insurance Activities (EUR mn) 89.300 Dec 2023 quarterly Mar 1995 - Dec 2023
DIA: Flow: EMTAK 2008: Professional, Scientific and Technical Activities (EUR mn) 15.600 Dec 2023 quarterly Dec 1995 - Dec 2023
DIA: Flow: EMTAK 2008: Transportation and Storage (EUR mn) -53.100 Dec 2023 quarterly Mar 1995 - Dec 2023
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 0.2 Feb 2024 monthly Dec 2000 - Feb 2024
Household Debt: % of GDP (%) 37.9 Sep 2023 quarterly Dec 2003 - Sep 2023
Non-Performing Loans (USD mn) 61.600 Feb 2024 monthly Dec 2000 - Feb 2024
Money Supply M1 (USD mn) 18,187.100 Feb 2024 monthly Jan 1993 - Feb 2024
Money Supply M2 (USD mn) 29,535.531 Feb 2024 monthly Jan 1993 - Feb 2024
M2 Growth (%) 5.8 Feb 2024 monthly Jan 2012 - Feb 2024
Reserve Requirement Ratio (%) 1.0 Mar 2024 monthly Jan 1999 - Mar 2024
Foreign Exchange Reserves (USD mn) 2,065.3 Jan 2024 monthly Jan 2001 - Jan 2024
Foreign Exchange Reserves: % of GDP (%) 5.019 Dec 2023 quarterly Sep 2002 - Dec 2023
Foreign Exchange Reserves: Months of Import (NA) 1.2 Feb 2024 monthly Jan 2001 - Feb 2024
Gold Reserves (USD mn) 18.237 Mar 2024 monthly Jun 1992 - Mar 2024
Total Deposits (USD mn) 31,820.563 Feb 2024 monthly Jan 1997 - Feb 2024
Total Deposits Growth (%) 5.7 Feb 2024 monthly Jan 1998 - Feb 2024
Domestic Credit (USD mn) 28,823.3 Jan 2024 monthly Jun 1992 - Jan 2024
Domestic Credit Growth (%) 8.9 Jan 2024 monthly Jun 1993 - Jan 2024
Household Debt (USD mn) 14,990.1 Sep 2023 quarterly Dec 2003 - Sep 2023
Total Loans (USD mn) 29,527.750 Feb 2024 monthly Jan 1994 - Feb 2024
Total Loans Growth (%) 9.53 Feb 2024 monthly Jan 1995 - Feb 2024
Private Debt: % of Nominal GDP (%) 58.13 Dec 2023 quarterly Mar 1997 - Dec 2023
Monetary Aggregates: Euro Area: EC: M3: M2 (EUR mn) 27,330.000 Feb 2024 monthly Jan 2011 - Feb 2024
Monetary Aggregates: Euro Area: EC: M3: M2: M1 (EUR mn) 16,829.000 Feb 2024 monthly Jan 2011 - Feb 2024
Monetary Aggregates: Euro Area: Estonia Contribution (EC): M3 (EUR mn) 27,343.000 Feb 2024 monthly Jan 2011 - Feb 2024
Official Reserve Assets: Foreign Currency (FC) (EUR mn) 1,720.500 Mar 2024 monthly Jan 2000 - Mar 2024
Official Reserve Assets (EUR mn) 2,185.700 Mar 2024 monthly Jan 2000 - Mar 2024
Loans: Overdue: Over 90 Days (EUR mn) 121.70 Mar 2018 monthly Dec 2000 - Mar 2018
Business and Economic Survey Last Frequency Range
Business Confidence Growth (% Point) -3.3 Mar 2024 monthly May 2002 - Mar 2024
Business Tendency Survey: Services: Confidence Indicator (%) -12.000 Mar 2024 monthly May 2002 - Mar 2024
Economic Sentiment Indicator: Seasonally Adjusted (NA) 81.700 Feb 2024 monthly Jan 1995 - Feb 2024
Business Tendency Survey: Retail Trade: Confidence Indicator (%) -24.000 Mar 2024 monthly May 2002 - Mar 2024
Business Tendency Survey: Construction: Confidence Indicator (%) -17.000 Mar 2024 monthly May 2002 - Mar 2024

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