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Economy of Afghanistan vs Estonia compared: GDP & Debt

Updated on by Georank team

Afghanistan has a GDP of $17.2B compared to $42.8B for Estonia, ranking 137/197 and 102/197 by economy size, respectively.

Afghanistan has $1.42B in government debt (8.25% of GDP), compared to $10.1B (25.4% of GDP) in Estonia.

The chart below compares the two countries' GDP growth in both current (nominal) and constant dollars, accounting for inflation over time.

Afghanistan
GDP, current $

GDP, constant 2015 $
Estonia
GDP, current $

GDP, constant 2015 $
Year GDP
Afghanistan Estonia
Current $ Constant $ Current $ Constant $
1990 - - - $14,658,008,363
1991 - - - $13,485,390,620
1992 - - - $10,630,714,641
1993 - - $4,013,091,682 $10,020,459,082
1994 - - $4,123,011,420 $9,855,880,594
1995 - - $4,502,970,889 $10,302,024,947
1996 - - $4,786,018,988 $10,811,255,303
1997 - - $5,154,420,649 $12,222,126,358
1998 - - $5,674,080,543 $12,752,545,573
1999 - - $5,756,912,266 $12,698,344,019
2000 $3,521,418,060 $6,206,547,590 $5,686,579,748 $13,979,307,069
2001 $2,813,571,754 $5,621,147,631 $6,250,218,423 $14,801,394,596
2002 $3,825,701,439 $7,228,795,919 $7,370,119,619 $15,827,575,405
2003 $4,520,946,819 $7,867,263,256 $9,876,595,528 $17,029,885,802
2004 $5,224,896,719 $7,978,515,642 $12,148,595,031 $18,188,037,435
2005 $6,203,256,539 $8,874,480,196 $14,109,491,357 $19,920,094,036
2006 $6,971,758,282 $9,349,921,886 $17,025,671,810 $21,864,807,422
2007 $9,747,886,187 $10,642,671,963 $22,450,264,166 $23,520,174,236
2008 $10,109,297,048 $11,060,395,116 $24,342,935,404 $22,314,692,031
2009 $12,416,152,732 $13,426,272,073 $19,633,984,440 $19,050,002,927
2010 $15,856,668,556 $15,354,612,542 $19,524,355,419 $19,516,680,413
2011 $17,805,098,206 $15,420,077,666 $23,303,915,795 $21,001,309,333
2012 $19,907,329,778 $17,386,490,239 $23,237,406,116 $21,772,481,344
2013 $20,146,416,758 $18,360,263,163 $25,451,032,781 $22,154,913,628
2014 $20,497,128,556 $18,860,496,494 $27,055,689,003 $22,891,074,857
2015 $19,134,221,645 $19,134,221,645 $23,311,847,751 $23,311,847,751
2016 $18,116,572,395 $19,566,715,174 $24,561,027,788 $24,032,887,680
2017 $18,753,456,498 $20,084,646,751 $27,469,461,919 $25,387,062,190
2018 $18,053,222,687 $20,323,499,020 $31,222,632,741 $26,326,306,711
2019 $18,799,444,490 $21,118,473,702 $31,873,748,770 $27,307,395,871
2020 $19,955,929,052 $20,621,957,125 $31,820,771,494 $26,519,903,137
2021 $14,259,995,441 $16,345,202,563 $37,204,563,051 $28,417,255,488
2022 $14,497,243,872 $15,325,233,810 $38,376,046,175 $28,434,428,183
2023 $17,152,234,637 $15,672,648,238 $41,291,245,222 $27,574,844,402
2024 - - $42,764,929,169 $27,502,872,345

Economic indicators

Afghanistan Estonia
Gross domestic product
$17.2B
2023
$42.8B
2024
GDP rank
137/197
2023
102/197
2024
GDP growth
18.3%
2022-2023
3.57%
2023-2024
GDP per capita
$414
2023
$31,170
2024
GDP per capita rank
196/197
2023
40/197
2024
GDP per capita, PPP
$2,202
2023
$49,334
2024
Government debt
$1.42B
2023
$10.1B
2024
Debt-to-GDP ratio
8.25%
2023
25.4%
2025
Government debt per person
$34.2
2023
$7,362
2024
Government debt per person rank
185/185
2023
66/185
2024
Average annual personal income after taxes
$1,632
2025
$21,368
2025
Number of billionaires n/a
2
2025
Income share by richest 10% n/a
23.7%
2023
Income share by poorest 10% n/a
3.1%
2023
Government expenditure, % of GDP
17%
2023
44.4%
2025
Consumer prices inflation
-4.3%
2023-2024
3.52%
2023-2024
Central bank interest rate
6%
2021
n/a
Unemployment rate
5.68%
2021
7.5%
2024
Population
44810409
1355535

GDP per capita in Afghanistan vs Estonia

Afghanistan's GDP per capita is $414, ranking 196/197, compared to $31,170 in Estonia, ranking 40/197. Adjusted for purchasing power (GDP per capita PPP), Afghanistan ranks 184th at $2,202, while Estonia ranks 45th at $49,334.

Afghanistan
GDP per capita

GDP per capita, PPP
Estonia
GDP per capita

GDP per capita, PPP
Year Current $
Afghanistan Estonia
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
1990 - - - $7,476
1991 - - - $7,146
1992 - - - $5,868
1993 - - $2,686 $5,810
1994 - - $2,819 $5,963
1995 - - $3,134 $6,475
1996 - - $3,381 $6,889
1997 - - $3,683 $7,978
1998 - - $4,093 $8,451
1999 - - $4,141 $8,412
2000 $174.9 $814 $4,071 $9,422
2001 $138.7 $748 $4,503 $10,310
2002 $179 $927 $5,343 $11,667
2003 $198.9 $967 $7,205 $13,137
2004 $221.8 $972 $8,916 $14,540
2005 $254.2 $1,076 $10,415 $16,638
2006 $274.2 $1,122 $12,641 $19,348
2007 $376 $1,287 $16,745 $22,201
2008 $382 $1,334 $18,206 $22,804
2009 $452 $1,571 $14,712 $20,478
2010 $561 $1,766 $14,664 $21,617
2011 $607 $1,744 $17,556 $24,652
2012 $651 $1,988 $17,568 $26,243
2013 $637 $2,133 $19,310 $27,831
2014 $625 $2,224 $20,582 $29,404
2015 $566 $2,284 $17,722 $29,721
2016 $522 $2,213 $18,666 $31,948
2017 $525 $2,336 $20,852 $34,507
2018 $491 $2,432 $23,618 $37,121
2019 $497 $2,583 $24,021 $40,586
2020 $511 $2,562 $23,934 $40,672
2021 $356 $2,144 $27,954 $44,252
2022 $357 $2,123 $28,451 $47,802
2023 $414 $2,202 $30,133 $46,790
2024 - - $31,170 $49,334

Spending and national debt comparison

In 2024, Afghanistan's government spending was $2.91B, accounting for 17% of its GDP, while Estonia's spent $18.9B, or 44.4% of GDP.

Debt-to-GDP ratio is 8.25% in Afghanistan and 25.4% in Estonia, ranking 181/185 and 168/185, respectively.

Afghanistan
Government spending

Government debt
Estonia
Government spending

Government debt
Year % of GDP
Afghanistan Estonia
Government spending Government debt Government spending Government debt
1995 - - 39.5% 8.66%
1996 - - 38.6% 7.3%
1997 - - 35.8% 6.03%
1998 - - 38.9% 5.4%
1999 - - 40.7% 5.93%
2000 - - 36.4% 5.11%
2001 - - 35.3% 4.93%
2002 6.94% 346% 35.9% 5.66%
2003 11.9% 270.6% 35% 5.6%
2004 15.1% 245% 34.1% 5.16%
2005 15.7% 206.4% 33.7% 4.73%
2006 18.3% 23% 33.5% 4.72%
2007 21.4% 20.1% 33.8% 3.91%
2008 20.9% 19.1% 39.5% 4.67%
2009 21.2% 16.2% 46.1% 7.98%
2010 20.8% 7.7% 40.7% 7.99%
2011 21.9% 7.5% 37.6% 7.6%
2012 25% 6.76% 39.4% 11.1%
2013 25% 6.9% 38.3% 11.4%
2014 25.4% 8.7% 37.6% 11.6%
2015 25.9% 9.15% 39.3% 10.8%
2016 28% 8.44% 38.9% 10.2%
2017 27.7% 8% 38.9% 9.43%
2018 28.9% 7.38% 38.8% 8.51%
2019 28% 6.14% 39.1% 9.05%
2020 27.9% 7.33% 44.7% 19.1%
2021 17.9% 11.1% 42.1% 18.4%
2022 16.1% 10.6% 40% 19.1%
2023 17% 8.25% 43.7% 20.2%
2024 - - 44.2% 23.6%
2025 - - 44.4% 25.4%

Government deficit by year

In 2023, Afghanistan's government deficit, the difference between spending and revenue, was -$234M, equivalent to -1.36% of GDP. This compares to Estonia's deficit of -$1.3B, or -3.14% of GDP.

Over the past 22 years, Afghanistan recorded a fiscal deficit in 17 of those years, while Estonia ran a deficit in 14 years. On average, Afghanistan posted an annual deficit equal to -0.97% of GDP, compared to deficit of -0.61% of GDP for Estonia.

Deficit/surplus
Afghanistan

Estonia
Year Deficit/surplus, % of GDP
Afghanistan Estonia
1995 - -0.26%
1996 - -0.93%
1997 - 2.98%
1998 - 0.65%
1999 - -3.42%
2000 - -0.11%
2001 - 0.4%
2002 -0.1% 0.29%
2003 -2.1% 1.67%
2004 -2.39% 2.29%
2005 -0.92% 1.07%
2006 0.68% 2.71%
2007 -2.46% 2.5%
2008 -3.86% -2.92%
2009 -1.76% -3.43%
2010 0.93% -1.09%
2011 -0.67% 0.09%
2012 0.18% -0.86%
2013 -0.63% -0.66%
2014 -1.72% 0.42%
2015 -1.38% -0.24%
2016 0.13% -0.62%
2017 -0.67% -1.07%
2018 1.63% -1.15%
2019 -1.06% -0.11%
2020 -2.24% -5.42%
2021 -0.48% -2.57%
2022 -1% -1.07%
2023 -1.36% -3.14%
2024 - -1.69%
2025 - -2.69%

Inflation comparison by year

Over the past 22 years, Afghanistan has recorded an average annual inflation rate of 7%, compared with 4.06% in Estonia. In 2024, inflation was -4.3% in Afghanistan and 3.52% in Estonia.

Inflation
Afghanistan

Estonia
Year Inflation
Afghanistan Estonia Afghanistan Estonia
1996 - 23.1%
1997 - 10.6%
1998 - 8.21%
1999 - 3.3%
2000 - 4.02%
2001 - 5.75%
2002 - 3.57%
2003 35.7% 1.33%
2004 16.4% 3.05%
2005 10.6% 4.08%
2006 6.8% 4.44%
2007 8.7% 6.6%
2008 26.4% 10.4%
2009 -6.8% -0.08%
2010 2.2% 2.97%
2011 11.8% 4.98%
2012 6.4% 3.93%
2013 7.4% 2.78%
2014 4.7% -0.11%
2015 -0.7% -0.49%
2016 4.4% 0.15%
2017 5% 3.42%
2018 0.6% 3.44%
2019 2.3% 2.28%
2020 5.6% -0.44%
2021 7.8% 4.65%
2022 10.6% 19.4%
2023 -7.7% 9.16%
2024 -4.3% 3.52%

Top exports between countries

Afghanistan
Export category Export value
Estonia
Export category Export value
Machinery & equipment $187K
Chemicals & pharma $25K
Raw materials & minerals $18K
Metals $16K

Balance of trade

Afghanistan Estonia
Current account balance
-$3.14B
2020
-$578M
2024
Current account balance ranking
157/189
2020
104/189
2024
Current account balance, % of GDP
-15.7%
2020
-1.35%
2024
Goods imports
$5.88B
2020
$22.1B
2024
Goods exports
$777M
2020
$19.1B
2024
Service imports
$1.11B
2020
$10.4B
2024
Service exports
$700M
2020
$13.6B
2024
Imports of goods and services, % of GDP
50.7%
2023
75.7%
2024
Exports of goods and services, % of GDP
16.9%
2023
76.3%
2024

Economic freedom indices

The indices of economic freedom below are issued by the Heritage Foundation. Higher scores indicate stronger economic health.

Afghanistan Estonia
Economic freedom 53 78.9
Economic freedom ranking 142/197 9/197
Property rights 7.4 93.7
Government integrity 14.1 84.5
Judicial effectiveness 2.7 93.9
Tax burden 91.1 80.8
Government spending 76.1 48.8
Fiscal health 99.9 90.9
Business freedom 34.6 83.3
Labor freedom 45.1 62.2
Monetary freedom 80.8 68.8
Trade freedom 68.6 79.6
Investment freedom 10 90
Financial freedom 10 70

Economic freedom by year comparison

The Economic Freedom Index for Afghanistan is 53, ranking 142/197, compared to 78.9 for Estonia, ranking 9/197. The chart below displays a comparison of annual changes in economic freedom indexes.

Afghanistan
Estonia
Year Economic freedom index
Afghanistan Estonia
1995 - 65.2
1996 - 65.4
1997 - 69.1
1998 - 72.5
1999 - 73.8
2000 - 69.9
2001 - 76.1
2002 - 77.6
2003 - 77.7
2004 - 77.4
2005 - 75.2
2006 - 74.9
2007 - 78
2008 - 77.9
2009 - 76.4
2010 - 74.7
2011 - 75.2
2012 - 73.2
2013 - 75.3
2014 - 75.9
2015 - 76.8
2016 - 77.2
2017 48.9 79.1
2018 51.3 78.8
2019 51.5 76.6
2020 54.7 77.7
2021 53 78.2
2022 - 80
2023 - 78.6
2024 - 77.8
2025 - 78.9

More economic indicators

Afghanistan Estonia
Services, % of GDP
46.4%
2023
65.1%
2024
Industry, % of GDP
13.4%
2023
20.5%
2024
Agriculture, forestry, and fishing, % of GDP
34.7%
2023
1.91%
2024
GNI, Atlas method
$15.5B
2023
$39.4B
2024
GNI per capita, PPP
$2,210
2023
$48,260
2024
Total reserves including gold
$9.75B
2020
$2.07B
2024
Total reserves ranking
78/177
2020
125/177
2024
Net foreign direct investment
$24.3M
2020
-$270M
2024
Net inflows of foreign direct investment
$20.6M
2021
-$3.46B
2024
Net outflows of foreign direct investment
$30.8M
2021
-$3.73B
2024
Servicing debt to the IMF, % of GNI
0.25%
2023
n/a
Poverty at national poverty lines
47.1%
2019
22.5%
2022
Gross capital formation, % of GDP
15.3%
2023
26.2%
2024

GDP per capita map

GDP per capita

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The current account balance is the sum of net trade in goods and services, net earnings from cross-border investments, and net transfer payments. It reflects a country's economic transactions with the rest of the world and is a fundamental component of the balance of payments. A surplus indicates that a country exports more than it imports, while a deficit shows the opposite.

Gross National Income (GNI) measures a country's total income. It encompasses income earned by residents, businesses, and foreign sources, defined as employee compensation and investment profits. GNI adds product taxes not included elsewhere and subtracts subsidies. It accounts for income from residents working abroad but excludes earnings from foreigners within the country.

A negative value for Net Foreign Direct Investment indicates a country is a net receiver of investments, as foreign inflows exceed outflows after Balance of Payments adjustments. A positive value indicates a net provider, with outflows exceeding inflows. Inflows are credits (increasing foreign claims on domestic assets), while outflows are debits (increasing domestic assets abroad).

Foreign direct investment (FDI, net inflows) shows how much capital foreign investors bring into a country after accounting for any funds that flow back in the opposite direction. It represents the net value of overseas companies establishing, expanding, or financing businesses in the reporting country. A positive number means more capital entered the country than was withdrawn, while a negative number means foreign investors pulled out more than they invested.

Foreign direct investment (FDI, net outflows) shows how much capital residents of a country invest abroad after accounting for any funds that flow back in the opposite direction. It represents the net value of domestic companies establishing, expanding, or financing businesses in other countries. A positive number means more capital was invested abroad than withdrawn, while a negative number means residents pulled back more than they invested.

Principal and interest payments to the IMF in currency, goods, or services on long-term debt expressed as a share of GNI.

Formerly gross domestic investment, gross capital formation measures the share of a country’s economic output invested in fixed assets, including buildings, machinery, and infrastructure. It indicates how much of the economy is devoted to building productive capacity.