Estonia 2023
Detailed economic analysis and indicators for 2023
Key Economic Indicators (2023)
GDP (Current USD)
$41.29 billion
↑ 7.60% vs 2022GDP per Capita
$30,133.30
↑ 5.91% vs 2022GDP Growth (Annual %)
-3.02%
↓ 3.08pp vs 2022Inflation Rate (CPI %)
9.16%
↓ 10.24pp vs 2022Year-over-Year Comparison
| Indicator | 2022 | 2023 | Change |
|---|---|---|---|
| GDP (Current USD) | $38.38 billion | $41.29 billion | +7.60% |
| GDP per Capita | $28,451.15 | $30,133.30 | +5.91% |
| GDP Growth (Annual %) | 0.06% | -3.02% | -3.08pp |
| Inflation (CPI %) | 19.40% | 9.16% | -10.24pp |
| Unemployment Rate (%) | 5.57% | 6.38% | +0.81pp |
All Economic Indicators (2023)
National Accounts
- GDP (Current USD)
- $41.29 billion
- GDP per Capita
- $30,133.30
- GDP Growth (Annual %)
- -3.02%
- Gross National Income
- $40.05 billion
Prices & Employment
- Inflation (CPI %)
- 9.16%
- Inflation (GDP Deflator %)
- 8.05%
- Unemployment Rate (%)
- 6.38%
- Interest Rate (Real %)
- N/A
Trade & Investment
- Exports (Goods & Services)
- N/A
- Imports (Goods & Services)
- N/A
- FDI Inflow
- N/A
- FDI Outflow
- N/A
Balance & Debt
- Current Account Balance (% GDP)
- -1.75%
- Government Debt (% GDP)
- N/A
- Data Last Updated
- 2025-10-23
Frequently Asked Questions
As of 2023, Estonia's Gross Domestic Product (GDP) is $41.29 billion. This represents the total value of goods and services produced in the country.
The GDP per capita in Estonia for 2023 is $30,133.30. GDP per capita is calculated by dividing the country's GDP by its population.
The Consumer Price Index (CPI) inflation rate in Estonia for 2023 is 9.16%. This measures the annual percentage change in the cost of consumer goods and services.
Estonia's annual GDP growth rate for 2023 is -3.02%. This indicates the rate at which the country's economy is expanding or contracting.
The unemployment rate in Estonia for 2023 is 6.38%. This represents the percentage of the labor force that is unemployed and actively seeking employment.