Estonia recorded a government debt equivalent to 8.40 percent of the country's Gross Domestic Product in 2019.

Government Debt to GDP in Estonia averaged 7.02 percent from 1995 until 2019, reaching an all time high of 10.60 percent in 2014 and a record low of 3.80 percent in 2007. This page provides - Estonia Government Debt To GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. Estonia Government Debt to GDP - values, historical data and charts - was last updated on July of 2020.

Government Debt to GDP in Estonia is expected to reach 9.50 percent by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Estonia Government Debt to GDP is projected to trend around 10.30 percent in 2021 and 10.80 percent in 2022, according to our econometric models.

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Estonia Government Debt to GDP

Actual Previous Highest Lowest Dates Unit Frequency
8.40 8.40 10.60 3.80 1995 - 2019 percent Yearly

Estonia Government Last Previous Highest Lowest Unit
Government Debt to GDP 8.40 8.40 10.60 3.80 percent [+]
Government Budget -0.30 -0.60 2.90 -3.30 percent of GDP [+]
Government Budget Value 67.58 6.81 289.24 -450.14 EUR Million [+]
Government Spending 1045.77 1315.19 1315.19 599.64 EUR Million [+]
Government Spending to GDP 39.00 39.10 45.60 33.50 percent [+]
Government Revenues 1344.06 874.41 1344.06 17.03 EUR Million [+]
Fiscal Expenditure 1276.48 867.60 1276.48 11.18 EUR Million [+]
Military Expenditure 571.00 537.00 571.00 48.40 USD Million [+]
Credit Rating 83.00 [+]
Asylum Applications 0.00 0.00 45.00 0.00 persons [+]


Estonia Government Debt to GDP
Generally, Government debt as a percent of GDP is used by investors to measure a country ability to make future payments on its debt, thus affecting the country borrowing costs and government bond yields.