Estonia recorded a government debt equivalent to 8.40 percent of the country's Gross Domestic Product in 2018. Government Debt to GDP in Estonia averaged 6.89 percent from 1995 until 2018, reaching an all time high of 10.50 percent in 2014 and a record low of 3.70 percent in 2007.

Government Debt to GDP in Estonia is expected to be 8.50 percent by the end of this quarter, 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 8.60 percent in 2020, according to our econometric models.

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Estonia Government Debt to GDP

Actual Previous Highest Lowest Dates Unit Frequency
8.40 9.20 10.50 3.70 1995 - 2018 percent Yearly


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.

Estonia Government Last Previous Highest Lowest Unit
Government Debt to GDP 8.40 9.20 10.50 3.70 percent [+]
Government Budget -0.60 -0.40 2.90 -3.30 percent of GDP [+]
Government Budget Value 54.63 3.63 289.24 -450.14 EUR Million [+]
Government Spending 1027.50 1068.07 1297.32 599.64 EUR Million [+]
Government Spending to GDP 39.50 39.30 46.10 33.60 percent [+]
Government Revenues 918.87 909.68 1159.94 17.03 EUR Million [+]
Fiscal Expenditure 864.24 906.06 1164.34 11.18 EUR Million [+]
Credit Rating 81.00 [+]
Military Expenditure 571.00 537.00 571.00 48.40 USD Million [+]
Asylum Applications 5.00 5.00 45.00 0.00 persons [+]