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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 $43.1B for Estonia, ranking 137/197 and 100/197 by economy size, respectively.

Afghanistan has $1.44B in government debt (8.8% of GDP), compared to $10.1B (23.4% of GDP) in Estonia.

Afghanistan vs Estonia GDP by year

Afghanistan
Estonia
1x
Year GDP, current $
Afghanistan Estonia
2024 - $43,130,419,829
2023 $17,152,234,637 $41,470,344,395
2022 $14,497,243,872 $38,226,641,740
2021 $14,259,995,441 $37,201,101,171
2020 $19,955,929,052 $31,820,771,494
2019 $18,799,444,490 $31,873,748,770
2018 $18,053,222,687 $31,222,632,741
2017 $18,753,456,498 $27,469,461,919
2016 $18,116,572,395 $24,561,027,788
2015 $19,134,221,645 $23,311,847,751
2014 $20,497,128,556 $27,055,689,003
2013 $20,146,416,758 $25,451,032,781
2012 $19,907,329,778 $23,237,406,116
2011 $17,805,098,206 $23,303,915,795
2010 $15,856,668,556 $19,524,355,419
2009 $12,416,152,732 $19,633,984,440
2008 $10,109,297,048 $24,342,935,404
2007 $9,747,886,187 $22,450,264,166
2006 $6,971,758,282 $17,025,671,810
2005 $6,203,256,539 $14,109,491,357
2004 $5,224,896,719 $12,148,595,031
2003 $4,520,946,819 $9,876,595,528
2002 $3,825,701,439 $7,370,119,619
2001 $2,813,571,754 $6,250,218,423
2000 $3,521,418,060 $5,686,579,748
1999 - $5,756,912,266
1998 - $5,674,080,543
1997 - $5,154,420,649
1996 - $4,786,018,988
1995 - $4,502,970,889
1994 - $4,123,011,420
1993 - $4,013,091,682

Data sources: World Bank | Economy & Growth (1993–2024, retrieved 2026-04-06).

GeoRank.org/economy/afghanistan/estonia | CC BY

GDP per capita in Afghanistan vs Estonia by year

Afghanistan
GDP per capita

GDP per capita, PPP
Estonia
GDP per capita

GDP per capita, PPP
1x
Year Current $
Afghanistan Estonia
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 - - $31,428 $49,969
2023 $414 $2,202 $30,264 $48,637
2022 $357 $2,123 $28,340 $48,218
2021 $356 $2,144 $27,951 $44,252
2020 $511 $2,562 $23,934 $40,672
2019 $497 $2,583 $24,021 $40,586
2018 $491 $2,432 $23,618 $37,121
2017 $525 $2,336 $20,852 $34,507
2016 $522 $2,213 $18,666 $31,948
2015 $566 $2,284 $17,722 $29,713
2014 $625 $2,224 $20,582 $29,404
2013 $637 $2,133 $19,310 $27,831
2012 $651 $1,988 $17,568 $26,243
2011 $607 $1,744 $17,556 $24,652
2010 $561 $1,766 $14,664 $21,614
2009 $452 $1,571 $14,712 $20,489
2008 $382 $1,334 $18,206 $22,804
2007 $376 $1,287 $16,745 $22,201
2006 $274.2 $1,122 $12,641 $19,344
2005 $254.2 $1,076 $10,415 $16,638
2004 $221.8 $972 $8,916 $14,538
2003 $198.9 $967 $7,205 $13,135
2002 $179 $927 $5,343 $11,667
2001 $138.7 $748 $4,503 $10,309
2000 $174.9 $814 $4,071 $9,425
1999 - - $4,141 $8,412
1998 - - $4,093 $8,451
1997 - - $3,683 $7,980
1996 - - $3,381 $6,892
1995 - - $3,134 $6,480
1994 - - $2,819 $5,967
1993 - - $2,686 $5,814
1992 - - - $5,872
1991 - - - $7,151
1990 - - - $7,481

Data sources: World Bank | Economy & Growth (1990–2024, retrieved 2026-04-06).

GeoRank.org/economy/afghanistan/estonia | CC BY

Afghanistan's GDP per capita is $414, ranking 196/197, compared to $31,428 in Estonia, ranking 40/197. Adjusted for purchasing power (GDP per capita PPP), Afghanistan ranks 184th at $2,202, while Estonia ranks 45th at $49,969.

Economic indicators

Afghanistan Estonia
Gross domestic product
$17.2B
2023
$43.1B
2024
GDP rank
137/197
2023
100/197
2024
GDP growth
2.27%
2022-2023
-0.09%
2023-2024
GDP per capita
$414
2023
$31,428
2024
GDP per capita rank
196/197
2023
40/197
2024
GDP per capita, PPP
$2,202
2023
$49,969
2024
GDP per capita PPP rank
184/197
2023
45/197
2024
Government debt
$1.44B
2023
$10.1B
2024
Debt-to-GDP ratio
8.8%
2024
23.4%
2024
Government debt per person
$34.8
2023
$7,356
2024
Government debt per person rank
185/185
2023
65/185
2024
Average annual personal income after taxes
$1,869
2026
$23,740
2026
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
19.4%
2024
43.6%
2024
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
45409324
1339590

Spending and national debt comparison by year

Afghanistan
Spending

Debt
Estonia
Spending

Debt
1x
Year % of GDP
Afghanistan Estonia
Government spending Government debt Government spending Government debt
2024 19.4% 8.8% 43.6% 23.4%
2023 17% 8.42% 43.5% 20.1%
2022 16.1% 10.8% 40.1% 19.2%
2021 17.9% 11.2% 42.1% 18.4%
2020 27.9% 7.33% 44.7% 19.1%
2019 28% 6.14% 39.1% 9.05%
2018 28.9% 7.38% 38.8% 8.51%
2017 27.7% 8% 38.9% 9.43%
2016 28% 8.44% 38.9% 10.2%
2015 25.9% 9.15% 39.3% 10.8%
2014 25.4% 8.7% 37.6% 11.6%
2013 25% 6.92% 38.3% 11.4%
2012 25% 6.77% 39.4% 11.1%
2011 21.9% 7.52% 37.6% 7.6%
2010 20.8% 7.71% 40.7% 7.99%
2009 21.2% 16.2% 46.1% 7.98%
2008 20.9% 19.1% 39.5% 4.67%
2007 21.4% 20.1% 33.8% 3.91%
2006 18.3% 23% 33.5% 4.72%
2005 15.7% 206.4% 33.7% 4.73%
2004 15.1% 245% 34.1% 5.16%
2003 11.9% 270.6% 35% 5.6%
2002 6.94% 346% 35.9% 5.66%
2001 - - 35.3% 4.93%
2000 - - 36.4% 5.11%
1999 - - 40.7% 5.93%
1998 - - 38.9% 5.4%
1997 - - 35.8% 6.03%
1996 - - 38.6% 7.3%
1995 - - 39.5% 8.66%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1995–2024, retrieved 2026-02-20).

GeoRank.org/economy/afghanistan/estonia | CC BY

In 2024, Afghanistan's government spending was $2.91B, accounting for 19.4% of its GDP, while Estonia spent $18.8B, or 43.6% of GDP.

Debt-to-GDP ratio is 8.8% in Afghanistan and 23.4% in Estonia, ranking 181/185 and 171/185, respectively.

Government deficit by year

Deficit/surplus
Afghanistan

Estonia
1x
Year Deficit/surplus, % of GDP
Afghanistan Estonia
2024 -0.54% -1.51%
2023 -1.33% -3.13%
2022 -1% -1.08%
2021 -0.48% -2.57%
2020 -2.24% -5.42%
2019 -1.06% -0.11%
2018 1.63% -1.15%
2017 -0.67% -1.07%
2016 0.13% -0.62%
2015 -1.38% -0.24%
2014 -1.72% 0.42%
2013 -0.63% -0.66%
2012 0.18% -0.86%
2011 -0.67% 0.09%
2010 0.93% -1.09%
2009 -1.76% -3.43%
2008 -3.86% -2.92%
2007 -2.46% 2.5%
2006 0.68% 2.71%
2005 -0.92% 1.07%
2004 -2.39% 2.29%
2003 -2.1% 1.67%
2002 -0.1% 0.29%
2001 - 0.4%
2000 - -0.11%
1999 - -3.42%
1998 - 0.65%
1997 - 2.98%
1996 - -0.93%
1995 - -0.26%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1995–2024, retrieved 2026-02-20).

GeoRank.org/economy/afghanistan/estonia | CC BY

In 2023, Afghanistan's government deficit, the difference between spending and revenue, was $228M, equivalent to 1.33% of GDP. This compares to Estonia's deficit of $1.3B, or 3.13% 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 0.96% of GDP, compared to deficit of 0.61% of GDP for Estonia.

Inflation comparison by year

Inflation
Afghanistan

Estonia
1x
Year Consumer prices inflation
Afghanistan Estonia
2024 -4.3% 3.52%
2023 -7.7% 9.16%
2022 10.6% 19.4%
2021 7.8% 4.65%
2020 5.6% -0.44%
2019 2.3% 2.28%
2018 0.6% 3.44%
2017 5% 3.42%
2016 4.4% 0.15%
2015 -0.7% -0.49%
2014 4.7% -0.11%
2013 7.4% 2.78%
2012 6.4% 3.93%
2011 11.8% 4.98%
2010 2.2% 2.97%
2009 -6.8% -0.08%
2008 26.4% 10.4%
2007 8.7% 6.6%
2006 6.8% 4.44%
2005 10.6% 4.08%
2004 16.4% 3.05%
2003 35.7% 1.33%
2002 - 3.57%
2001 - 5.75%
2000 - 4.02%
1999 - 3.3%
1998 - 8.21%
1997 - 10.6%

Data sources: World Bank | Economy & Growth (1997–2024, retrieved 2026-04-06); International Monetary Fund (IMF) | World Economic Outlook (2003–2024, retrieved 2026-02-20).

GeoRank.org/economy/afghanistan/estonia | CC BY

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.

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
-$543M
2024
Current account balance ranking
159/190
2020
107/190
2024
Current account balance, % of GDP
-15.7%
2020
-1.26%
2024
Goods imports
$5.88B
2020
$22.1B
2024
Goods exports
$777M
2020
$19B
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
75.4%
2024
Exports of goods and services, % of GDP
16.9%
2023
75.7%
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 78.7
Economic freedom ranking 142/197 10/197
Property rights 3.6 93.6
Government integrity 13.5 86.3
Judicial effectiveness 0 92.4
Tax burden 92 77.9
Government spending 90.8 46
Fiscal health 98.4 93.1
Business freedom 33.7 82.8
Labor freedom 44.4 59
Monetary freedom 84.9 73.9
Trade freedom 68.6 79.4
Investment freedom 10 90
Financial freedom 10 70

Economic freedom comparison by year

Afghanistan
Estonia
1x
Year Economic freedom index
Afghanistan Estonia
2026 - 78.7
2025 - 78.9
2024 - 77.8
2023 - 78.6
2022 - 80
2021 53 78.2
2020 54.7 77.7
2019 51.5 76.6
2018 51.3 78.8
2017 48.9 79.1
2016 - 77.2
2015 - 76.8
2014 - 75.9
2013 - 75.3
2012 - 73.2
2011 - 75.2
2010 - 74.7
2009 - 76.4
2008 - 77.9
2007 - 78
2006 - 74.9
2005 - 75.2
2004 - 77.4
2003 - 77.7
2002 - 77.6
2001 - 76.1
2000 - 69.9
1999 - 73.8
1998 - 72.5
1997 - 69.1
1996 - 65.4
1995 - 65.2

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09).

GeoRank.org/economy/afghanistan/estonia | CC BY

The Economic Freedom Index for Afghanistan is 53, ranking 142/197, compared to 78.7 for Estonia, ranking 10/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Afghanistan Estonia
Services, % of GDP
46.4%
2023
65.7%
2024
Industry, % of GDP
13.4%
2023
20.1%
2024
Agriculture, forestry, and fishing, % of GDP
34.7%
2023
1.77%
2024
GNI, Atlas method
$15.5B
2023
$39.6B
2024
GNI per capita, PPP
$2,210
2023
$48,880
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
-$285M
2024
Net inflows of foreign direct investment
$0
2024
-$3.44B
2024
Net outflows of foreign direct investment
$0
2024
-$3.72B
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
24.6%
2024

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2024, retrieved 2026-04-06); U.S. Census Bureau (1985–2024, retrieved 2026-02-08).

GeoRank.org/economy/afghanistan/estonia | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1985–2024, retrieved 2026-04-06)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1995–2024, retrieved 2026-02-20)
  3. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09)
  4. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  5. TradeMap (2020–2024, retrieved 2026-02-08)
  6. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  7. LivingCost (2026, retrieved 2025-10-14)

Creative Commons Attribution (CC BY) — you’re free to copy, share, remix, adapt, and use even commercially as long as you give appropriate credit and clearly indicate if you made changes. Other sources may be subject to different license terms.

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.