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Estonia Government Debt to GDP

General government gross debt as % of GDP  GGXWDG_NGDP

24.41% +1.01% (+4.3%)
Year 2025 Rank #162 Global Peak 24.41% (2025) Source IMF WEO

Estonia Government Debt to GDP (1995–2025)

Overview

Estonia's government debt to gdp stood at 24.41% in 2025, a rise of +1.01% from 2024. The IMF projects 24.41% by 2025. Estonia ranked 162nd globally.

Data & projection

Year Government Debt to GDP YoY change Rank
2030* IMF 35.44% - -
2029* IMF 33.80% - -
2028* IMF 32.11% - -
2027* IMF 30.25% - -
2026* IMF 27.50% - -
2025* IMF 24.41% - -
2025 24.41% +1.01% #162
2024 23.41% +3.31% #19
2023 20.10% +0.91% #14
2022 19.19% +0.77% #15
2021 18.42% −0.68% #13
2020 19.10% +10.05% #10
2019 9.05% +0.54% #6
2018 8.51% −0.93% #6
2017 9.43% −0.81% #7
2016 10.24% −0.55% #9
2015 10.79% −0.77% #11
2014 11.56% +0.13% #15
2013 11.44% +0.29% #16
2012 11.15% +3.55% #15
2011 7.60% −0.39% #11
Show all years (1995-2025)
* IMF World Economic Outlook projection

Detected Pattern

Export Boom Cycle
Current account surplus with strong export growth (>15% YoY), reserve accumulation, and moderate GDP growth. Typical of commodity exporters during price surges.
Reserves YoY +88.9% GDP growth 3.7% C/A balance 2.0%
Occurred 768 times, 546 successful
Reserves YoY
+25.6%
GDP growth
4.0%
C/A balance
14.5%
Reserves YoY
+14.6%
GDP growth
3.7%
C/A balance
2.9%
Reserves YoY
+12.8%
GDP growth
43.8%
C/A balance
16.4%
Reserves YoY
+12.6%
GDP growth
6.0%
C/A balance
0.5%
Reserves YoY
+38.3%
GDP growth
5.0%
C/A balance
1.2%
Reserves YoY
+18.0%
GDP growth
2.9%
C/A balance
3.9%

Analysis

Estonia matched the Export Boom Cycle pattern in 2019. Historically, 71% of countries showing this pattern (546 out of 768) saw government debt to gdp improve within 24 months. View full analysis →

Frequently Asked Questions

What is Estonia's government debt to gdp?

Estonia's government debt to gdp was 24.41% in 2025. Ranked 162nd globally. This represents a 4.3% increase from the previous year.

What was the highest government debt to gdp in Estonia?

Estonia's government debt to gdp peaked at 24.41% in 2025.

What was the lowest government debt to gdp in Estonia?

The lowest government debt to gdp in Estonia was 3.91% in 2007.

How does Estonia rank in government debt to gdp?

Estonia ranks 162nd globally in government debt to gdp as of 2025.

What is the World Bank indicator code for government debt to gdp?

The World Bank indicator code is GGXWDG_NGDP. Data sourced from IMF WEO.

What is the projected government debt to gdp of Estonia in 2025?

Estonia's government debt to gdp is projected to reach 24.41% by 2025 based on IMF projection.

What is the government debt to gdp of Estonia in 2025?

The government debt to gdp of Estonia in 2025 was 24.41%. This ranks 162nd in the world.

Cite this page

APA
Estonia Government Debt to GDP. HistorySaid. Retrieved April 1, 2026, from https://historysaid.com/estonia/government-debt-to-gdp
BibTeX
@misc{historysaid_estonia_government-debt-to-gdp, title = {Estonia Government Debt to GDP}, url = {https://historysaid.com/estonia/government-debt-to-gdp}, publisher = {HistorySaid}, year = {2026} }