Estonia Total Debt: % of GDP

2003 - 2025 | Quarterly | % | CEIC Data

Key information about Estonia Total Debt: % of GDP

  • Estonia Total Debt accounted for 379.9 % of the country's GDP in 2025, compared with the ratio of 379.9 % in the previous quarter.
  • Estonia Total Debt: % of GDP data is updated quarterly, available from Dec 2003 to Jun 2025.
  • The data reached an all-time high of 414.4 % in Dec 2020 and a record low of 249.4 % 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 Jun 2025 in the chart:

Estonia Total Debt: % of GDP

What was Estonia's Total Debt: % of GDP in Jun 2025?

Estonia Total Debt accounted for 379.9 % of the country's GDP in 2025, compared with the ratio of 379.9 % in the previous quarter. See the table below for more data.

Last Previous Min Max Unit Frequency Range
379.9 Jun 2025 379.9 Mar 2025 249.4 Mar 2004 414.4 Dec 2020 % quarterly Dec 2003 - Jun 2025

Total Debt: % of GDP by Country Comparison

country/region Last Frequency Range
Australia (%) 269.0 Jun 2025 quarterly Jun 1988 - Jun 2025
Austria (%) 527.5 Jun 2025 quarterly Mar 1999 - Jun 2025
Belgium (%) 698.3 Jun 2025 quarterly Dec 1998 - Jun 2025
Bulgaria (%) 348.2 2024 yearly 1995 - 2024
Canada (%) 927.4 Jun 2025 quarterly Mar 1990 - Jun 2025
Croatia (%) 413.0 Jun 2025 quarterly Dec 1995 - Jun 2025
Cyprus (%) 1,145.5 2024 yearly 1995 - 2024
Czech Republic (%) 387.0 Mar 2025 quarterly Mar 2008 - Mar 2025
Denmark (%) 838.8 2023 yearly 1994 - 2023
Estonia (%) 379.9 Jun 2025 quarterly Dec 2003 - Jun 2025
European Union (%) 689.7 2024 yearly 2001 - 2024
Finland (%) 608.4 2024 yearly 1995 - 2024
France (%) 948.1 Jun 2025 quarterly Mar 1996 - Jun 2025
Germany (%) 595.9 Jun 2025 quarterly Mar 1999 - Jun 2025
Greece (%) 524.2 Jun 2025 quarterly Dec 1997 - Jun 2025
Hungary (%) 395.4 Jun 2025 quarterly Dec 1995 - Jun 2025
Iceland (%) 678.3 2024 yearly 2003 - 2024
Ireland (%) 830.6 Jun 2025 quarterly Mar 2002 - Jun 2025
Italy (%) 555.5 Jun 2025 quarterly Dec 1995 - Jun 2025
Japan (%) 1,227.8 Jun 2025 quarterly Jun 1998 - Jun 2025
South Korea (%) 716.6 Jun 2025 quarterly Dec 2008 - Jun 2025
Latvia (%) 344.0 Jun 2025 quarterly Mar 2004 - Jun 2025
Lithuania (%) 319.8 Jun 2025 quarterly Dec 1995 - Jun 2025
Luxembourg (%) 6,979.5 Jun 2025 quarterly Dec 1995 - Jun 2025
North Macedonia (%) 335.0 2023 yearly 2013 - 2023
Malta (%) 1,328.0 Jun 2025 quarterly Mar 2004 - Jun 2025
Mexico (%) 114.3 Sep 2025 quarterly Dec 2000 - Sep 2025
Netherlands (%) 949.7 Jun 2025 quarterly Mar 1999 - Jun 2025
New Zealand (%) 586.2 2023 yearly 2006 - 2023
Norway (%) 580.8 Jun 2025 quarterly Dec 1995 - Jun 2025
Poland (%) 299.3 Jun 2025 quarterly Mar 2004 - Jun 2025
Portugal (%) 458.9 Jun 2025 quarterly Dec 1995 - Jun 2025
Romania (%) 243.3 Jun 2025 quarterly Dec 1995 - Jun 2025
Slovakia (%) 377.8 Jun 2025 quarterly Dec 2012 - Jun 2025
Slovenia (%) 329.2 Jun 2025 quarterly Mar 2004 - Jun 2025
Spain (%) 561.2 Jun 2025 quarterly Dec 1995 - Jun 2025
Sweden (%) 750.5 Jun 2025 quarterly Mar 1996 - Jun 2025
Switzerland (%) 897.5 2024 yearly 1999 - 2024
Taiwan (%) 889.0 2023 yearly 2000 - 2023
Turkey (%) 243.6 Jun 2025 quarterly Dec 2014 - Jun 2025
Ukraine (%) 235.5 2021 yearly 2009 - 2021
United Kingdom (%) 827.7 Jun 2025 quarterly Mar 1987 - Jun 2025
United States (%) 718.9 Jun 2025 quarterly Dec 1951 - Jun 2025

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Estonia Key Series

Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) -0.9 Jun 2025 quarterly Dec 1999 - Jun 2025
Consolidated Fiscal Balance (USD mn) -25.753 Jun 2025 quarterly Mar 1999 - Jun 2025
Tax Revenue (USD mn) 2,893.116 Jun 2025 quarterly Mar 1999 - Jun 2025
Tax Revenue: % of GDP (%) 24.4 Jun 2025 quarterly Mar 1999 - Jun 2025
National Government Debt (USD mn) 11,125.7 Jun 2025 quarterly Mar 2000 - Jun 2025
Government Debt: % of GDP (%) 23.2 Jun 2025 quarterly Mar 2000 - Jun 2025
Forecast: Government Expenditure (EUR bn) 23.024 2030 yearly 1995 - 2030
Forecast: Government Net Debt (EUR bn) 18.697 2030 yearly 1995 - 2030
Forecast: Government Revenue (EUR bn) 21.555 2030 yearly 1995 - 2030
General Govt: Con: Expenditure: Net Lending or Borrowing (EUR mn) -34.100 Sep 2024 quarterly Mar 1999 - Sep 2024
General Govt: Consolidated (Con): Revenue (EUR mn) 4,263.000 Sep 2024 quarterly Mar 1999 - Sep 2024
General Govt: Consolidated (Con): Expenditure (EUR mn) 4,297.100 Sep 2024 quarterly Mar 1999 - Sep 2024
General Govt Debt: Consolidated: Gross at Nominal Value (EUR mn) 9,339.800 Sep 2024 quarterly Mar 2000 - Sep 2024
General Government Debt: % of GDP (%) 20.200 2023 yearly 2000 - 2023
State Budget: Tax Revenue: VAT (EUR th) 411,318.937 Jan 2025 monthly Jan 2000 - Jan 2025
State Budget: Tax Revenue: Excise Duty (EUR th) 111,250.069 Jan 2025 monthly Jan 2000 - Jan 2025
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 3.000 2028 yearly 1994 - 2028
Trade Balance (USD mn) -342.9 Sep 2025 monthly Jan 1993 - Sep 2025
Total Exports (USD mn) 1,858.4 Sep 2025 monthly Jan 1993 - Sep 2025
Total Exports Growth (%) 4.5 Sep 2025 monthly Jan 1994 - Sep 2025
Aluminum: Exports (USD th) 17,563.064 2024 yearly 1995 - 2024
Exports: Medicament (USD th) 108,420.448 2024 yearly 1995 - 2024
Exports: Medicinal and Pharmaceutical Product (USD th) 30,600.705 2024 yearly 1995 - 2024
Total Imports (USD mn) 2,201.3 Sep 2025 monthly Jan 1993 - Sep 2025
Total Imports Growth (%) 6.5 Sep 2025 monthly Jan 1994 - Sep 2025
Imports: Medicament (USD th) 638,691.002 2024 yearly 1995 - 2024
Imports: Medicinal and Pharmaceutical Product (USD th) 177,227.653 2024 yearly 1995 - 2024
Total Exports to USA (USD mn) 50.021 Sep 2025 monthly Jan 1992 - Sep 2025
Total Imports from USA (USD mn) 26.110 Sep 2025 monthly Jan 1992 - Sep 2025
Total Exports to China (USD mn) 24.102 Sep 2025 monthly Dec 1997 - Sep 2025
Total Imports from China (USD mn) 76.658 Sep 2025 monthly Jan 2004 - Sep 2025
Exports: Sweden (EUR) 129,687,033.000 Jan 2025 monthly Jan 2004 - Jan 2025
Exports: Latvia (EUR) 127,489,944.000 Jan 2025 monthly Jan 2004 - Jan 2025
Exports: Finland (EUR) 262,557,539.000 Jan 2025 monthly Jan 2004 - Jan 2025
Exports: Lithuania (EUR) 117,441,047.000 Jan 2025 monthly Jan 2004 - Jan 2025
Exports: Russian Federation (EUR) 25,522,140.000 Jan 2025 monthly Jan 2004 - Jan 2025
Imports: Latvia (EUR) 251,873,202.000 Jan 2025 monthly Jan 2004 - Jan 2025
Imports: Lithuania (EUR) 181,747,540.000 Jan 2025 monthly Jan 2004 - Jan 2025
Imports: Sweden (EUR) 122,564,916.000 Jan 2025 monthly Jan 2004 - Jan 2025
Imports: Finland (EUR) 179,153,727.000 Jan 2025 monthly Jan 2004 - Jan 2025
Imports: Germany (EUR) 216,216,237.000 Jan 2025 monthly Jan 2004 - Jan 2025
Export Value Index (2015=100) 167.638 2021 yearly 1995 - 2021
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) 37.8 Sep 2025 monthly Jan 1999 - Sep 2025
Current Account Balance (USD mn) -92.0 Sep 2025 monthly Jan 1999 - Sep 2025
Current Account Balance: % of GDP (%) 0.5 Jun 2025 quarterly Mar 2000 - Jun 2025
Foreign Direct Investment (USD mn) -204.4 Sep 2025 monthly Jan 2008 - Sep 2025
Foreign Direct Investment: % of GDP (%) -0.1 Sep 2025 quarterly Mar 2008 - Sep 2025
Foreign Portfolio Investment (USD mn) 393.201 Sep 2025 quarterly Mar 2008 - Sep 2025
Foreign Portfolio Investment: % of GDP (%) 3.2 Sep 2025 quarterly Mar 2008 - Sep 2025
Foreign Portfolio Investment: Equity Securities (USD mn) 31.8 Sep 2025 quarterly Mar 2008 - Sep 2025
Foreign Portfolio Investment: Debt Securities (USD mn) 361.387 Sep 2025 quarterly Mar 2008 - Sep 2025
External Debt (USD mn) 47,546.0 Jun 2025 quarterly Mar 1996 - Jun 2025
External Debt: % of GDP (%) 97.8 2024 yearly 1996 - 2024
External Debt: Short Term (USD mn) 14,072.0 Jun 2025 quarterly Mar 1996 - Jun 2025
External Debt: Short Term: % of GDP (%) 29.1 2024 yearly 1996 - 2024
Total Debt: % of GDP (%) 379.9 Jun 2025 quarterly Dec 2003 - Jun 2025
Forecast: Current Account Balance (USD bn) -0.695 2030 yearly 1993 - 2030
Net International Investment Position (USD mn) -4,241.437 Jun 2025 quarterly Mar 1996 - Jun 2025
BoP: Financial Account: Direct Investment: Assets (EUR mn) 78.800 Jan 2025 monthly Jan 2008 - Jan 2025
BoP: Financial Account: Direct Investment: Liabilities (EUR mn) 182.300 Jan 2025 monthly Jan 2008 - Jan 2025
BoP: Current Account: Primary Income: Credit (EUR mn) 236.500 Jan 2025 monthly Jan 2008 - Jan 2025
BoP: Current Account: Secondary Income: Credit (EUR mn) 47.700 Jan 2025 monthly Jan 2008 - Jan 2025
BoP: Current Account: Goods (EUR mn) -277.500 Jan 2025 monthly Jan 2008 - Jan 2025
BoP: Current Account: Goods: Credit (EUR mn) 1,530.300 Jan 2025 monthly Jan 2008 - Jan 2025
BoP: Financial Account: Financial Derivatives Other Than Reserves and Employee S... (EUR mn) -2.300 Jan 2025 monthly Jan 2008 - Jan 2025
BoP: Financial Account: Portfolio Investment (EUR mn) 1,251.100 Jan 2025 monthly Jan 2008 - Jan 2025
BoP: Financial Account: Portfolio Investment: Assets (EUR mn) 994.900 Jan 2025 monthly Jan 2008 - Jan 2025
BoP: Financial Account: Portfolio Investment: Liabilities (EUR mn) -256.200 Jan 2025 monthly Jan 2008 - Jan 2025
BoP: Current Account: Secondary Income: Debit (EUR mn) 58.100 Jan 2025 monthly Jan 2008 - Jan 2025
BoP: Capital Account (EUR mn) 6.100 Jan 2025 monthly Jan 2008 - Jan 2025
BoP: Current Account: Goods: Debit (EUR mn) 1,807.800 Jan 2025 monthly Jan 2008 - Jan 2025
BoP: Current Account: Services: Credit (EUR mn) 1,031.400 Jan 2025 monthly Jan 2008 - Jan 2025
Balance of Payments (BoP): Current Account (EUR mn) -136.000 Jan 2025 monthly Jan 2008 - Jan 2025
BoP: Current Account: Services: Debit (EUR mn) 814.500 Jan 2025 monthly Jan 2008 - Jan 2025
BoP: Current Account: Secondary Income (EUR mn) -10.500 Jan 2025 monthly Jan 2008 - Jan 2025
BoP: Financial Account (EUR mn) -116.100 Jan 2025 monthly Jan 2008 - Jan 2025
BoP: Financial Account: Other Investment: Liabilities (EUR mn) 592.100 Jan 2025 monthly Jan 2008 - Jan 2025
BoP: Current Account: Primary Income (EUR mn) -64.900 Jan 2025 monthly Jan 2008 - Jan 2025
BoP: Current Account: Primary Income: Debit (EUR mn) 301.500 Jan 2025 monthly Jan 2008 - Jan 2025
BoP: Financial Account: Direct Investment (EUR mn) -103.500 Jan 2025 monthly Jan 2008 - Jan 2025
BoP: Financial Account: Other Investment (EUR mn) -1,261.600 Jan 2025 monthly Jan 2008 - Jan 2025
BoP: Financial Account: Other Investment: Assets (EUR mn) -669.500 Jan 2025 monthly Jan 2008 - Jan 2025
BoP: Current Account: Services (EUR mn) 216.900 Jan 2025 monthly Jan 2008 - Jan 2025
BoP: Financial Account: Portfolio Investment: Liabilities: Debt Securities (EUR mn) -1.200 Nov 2018 monthly Jan 2008 - Nov 2018
BoP: Financial Account: Reserve Assets (EUR mn) -96.700 Dec 2024 monthly Jan 2008 - Dec 2024
IIP: External Assets (EUR mn) 68,802.300 Sep 2024 quarterly Mar 1996 - Sep 2024
IIP: External Liabilities (EUR mn) 73,943.700 Sep 2024 quarterly Mar 1996 - Sep 2024
International Investment Position (IIP): Net (EUR mn) -5,141.400 Sep 2024 quarterly Mar 1996 - Sep 2024
Gross External Debt: General Government: Long Term (EUR mn) 8,495.000 Sep 2024 quarterly Mar 1996 - Sep 2024
Gross External Debt: General Government: Short Term (EUR mn) 1,465.000 Sep 2024 quarterly Mar 1996 - Sep 2024
Gross External Debt (EUR mn) 37,381.200 Sep 2024 quarterly Mar 1996 - Sep 2024
Gross External Debt: General Government (EUR mn) 9,959.900 Sep 2024 quarterly Mar 1996 - Sep 2024
FDI: Flow: Finland (EUR mn) 40.000 Dec 2024 quarterly Mar 1994 - Dec 2024
FDI: Flow: Russian Federation (EUR mn) -3.800 Dec 2024 quarterly Mar 1994 - Dec 2024
FDI: Flow: Sweden (EUR mn) 0.500 Dec 2024 quarterly Mar 1994 - Dec 2024
Foreign Direct Investment (FDI): Flow (EUR mn) 731.000 Dec 2024 quarterly Mar 1994 - Dec 2024
FDI: Flow: Latvia (EUR mn) 89.800 Dec 2024 quarterly Mar 1994 - Dec 2024
FDI: Flow: Lithuania (EUR mn) -34.400 Dec 2024 quarterly Mar 1996 - Dec 2024
FDI: Flow: EMTAK 2008: Manufacturing (EUR mn) -109.500 Dec 2024 quarterly Mar 1994 - Dec 2024
FDI: Flow: EMTAK 2008: Transportation and Storage (EUR mn) 6.700 Dec 2024 quarterly Mar 1994 - Dec 2024
FDI: Flow: EMTAK 2008: Financial and Insurance Activities (EUR mn) 559.500 Dec 2024 quarterly Mar 1994 - Dec 2024
FDI: Flow: EMTAK 2008: Real Estate Activities (EUR mn) 22.800 Dec 2024 quarterly Mar 1994 - Dec 2024
FDI: Flow: EMTAK 2008: Wholesale and Retail Trade (EUR mn) -36.000 Dec 2024 quarterly Mar 1994 - Dec 2024
DIA: Flow: Lithuania (EUR mn) 47.700 Dec 2024 quarterly Mar 1995 - Dec 2024
Direct Investment Abroad (DIA): Flow (EUR mn) 476.700 Dec 2024 quarterly Mar 1994 - Dec 2024
DIA: Flow: Sweden (EUR mn) -0.100 Dec 2024 quarterly Jun 1995 - Dec 2024
DIA: Flow: Russian Federation (EUR mn) -0.100 Dec 2024 quarterly Sep 1995 - Dec 2024
DIA: Flow: Finland (EUR mn) 7.100 Dec 2024 quarterly Mar 1995 - Dec 2024
DIA: Flow: Latvia (EUR mn) -6.900 Dec 2024 quarterly Mar 1995 - Dec 2024
DIA: Flow: EMTAK 2008: Manufacturing (EUR mn) 71.200 Dec 2024 quarterly Dec 1994 - Dec 2024
DIA: Flow: EMTAK 2008: Real Estate Activities (EUR mn) 71.700 Dec 2024 quarterly Dec 1996 - Dec 2024
DIA: Flow: EMTAK 2008: Financial and Insurance Activities (EUR mn) 132.400 Dec 2024 quarterly Mar 1995 - Dec 2024
DIA: Flow: EMTAK 2008: Professional, Scientific and Technical Activities (EUR mn) -11.400 Dec 2024 quarterly Dec 1995 - Dec 2024
DIA: Flow: EMTAK 2008: Transportation and Storage (EUR mn) -47.800 Dec 2024 quarterly Mar 1995 - Dec 2024
No of Enterprises: Statistical Profile (SP) (Unit) 158,378.000 2024 yearly 1995 - 2024
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 0.4 Oct 2025 monthly Dec 2000 - Oct 2025
Household Debt: % of GDP (%) 39.8 Jun 2025 quarterly Dec 2003 - Jun 2025
Non-Performing Loans (USD mn) 137.222 Oct 2025 monthly Dec 2000 - Oct 2025
Money Supply M1 (USD mn) 22,142.563 Oct 2025 monthly Jan 1993 - Oct 2025
Money Supply M2 (USD mn) 34,357.557 Oct 2025 monthly Jan 1993 - Oct 2025
M2 Growth (%) 4.8 Oct 2025 monthly Jan 2012 - Oct 2025
Reserve Requirement Ratio (%) 1.0 Nov 2025 monthly Jan 1999 - Nov 2025
Foreign Exchange Reserves (USD mn) 1,898.5 Oct 2025 monthly Jan 2001 - Oct 2025
Foreign Exchange Reserves: % of GDP (%) 3.955 Sep 2025 quarterly Sep 2002 - Sep 2025
Foreign Exchange Reserves: Months of Import (NA) 0.9 Sep 2025 monthly Jan 2001 - Sep 2025
Gold Reserves (USD mn) 33.238 Oct 2025 monthly Jun 1992 - Oct 2025
Total Deposits (USD mn) 37,257.926 Oct 2025 monthly Jan 1997 - Oct 2025
Total Deposits Growth (%) 4.3 Oct 2025 monthly Jan 1998 - Oct 2025
Domestic Credit (USD mn) 30,838.8 Feb 2025 monthly Jun 1992 - Feb 2025
Domestic Credit Growth (%) 12.7 Feb 2025 monthly Jun 1993 - Feb 2025
Household Debt (USD mn) 19,099.2 Jun 2025 quarterly Dec 2003 - Jun 2025
Total Loans (USD mn) 36,889.883 Oct 2025 monthly Jan 1994 - Oct 2025
Total Loans Growth (%) 11.02 Oct 2025 monthly Jan 1995 - Oct 2025
Private Debt: % of Nominal GDP (%) 62.22 Sep 2025 quarterly Mar 1997 - Sep 2025
Monetary Aggregates: Euro Area: EC: M3: M2 (EUR mn) 29,770.000 Oct 2025 monthly Jan 2011 - Oct 2025
Monetary Aggregates: Euro Area: Estonia Contribution (EC): M3 (EUR mn) 29,853.000 Oct 2025 monthly Jan 2011 - Oct 2025
Monetary Aggregates: Euro Area: EC: M3: M2: M1 (EUR mn) 19,186.000 Oct 2025 monthly Jan 2011 - Oct 2025
Official Reserve Assets: Foreign Currency (FC) (EUR mn) 1,548.900 Feb 2025 monthly Jan 2000 - Feb 2025
Official Reserve Assets (EUR mn) 2,024.400 Feb 2025 monthly Jan 2000 - Feb 2025
Loans: Overdue: Over 90 Days (EUR mn) 121.70 Mar 2018 monthly Dec 2000 - Mar 2018
Deposits (EUR mn) 32,283.100 Oct 2025 monthly Jan 1997 - Oct 2025
Loans: Non Financial Corporations (EUR mn) 11,870.000 Oct 2025 monthly Jan 1994 - Oct 2025
Loans: Households: Consumer (EUR mn) 812.500 Oct 2025 monthly Jan 1997 - Oct 2025
Loans: Households: Housing (EUR mn) 12,959.000 Oct 2025 monthly Jan 1997 - Oct 2025
Loans (EUR mn) 31,964.200 Oct 2025 monthly Jan 1994 - Oct 2025
Business and Economic Survey Last Frequency Range
Business Confidence Growth (% Point) 1.4 Nov 2025 monthly May 2002 - Nov 2025
Business Tendency Survey: Services: Confidence Indicator (%) -6.000 Feb 2025 monthly May 2002 - Feb 2025
Economic Sentiment Indicator: Seasonally Adjusted (NA) 88.500 Jan 2025 monthly Jan 1995 - Jan 2025
Business Tendency Survey: Construction: Confidence Indicator (%) -21.500 Feb 2025 monthly May 2002 - Feb 2025
Business Tendency Survey: Retail Trade: Confidence Indicator (%) -18.000 Feb 2025 monthly May 2002 - Feb 2025

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