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Economy of Austria vs Estonia compared: GDP & Debt

Updated on by Georank

Austria has a GDP of $579B compared to $47B for Estonia, ranking 29/197 and 101/197 by economy size, respectively.

Austria has $466B in government debt (80.5% of GDP), compared to $11.4B (24.2% of GDP) in Estonia.

Austria vs Estonia GDP by year

Austria
Estonia
1x
Year GDP, current $
Austria Estonia
2025 $579,470,021,095 $47,030,833,799
2024 $534,790,720,467 $43,130,419,829
2023 $516,670,509,629 $41,470,344,395
2022 $473,221,298,968 $38,226,641,740
2021 $480,466,363,177 $37,201,101,171
2020 $434,397,601,558 $31,820,771,494
2019 $442,983,642,372 $31,873,748,770
2018 $452,582,294,973 $31,222,632,741
2017 $414,926,138,133 $27,469,461,919
2016 $393,687,359,770 $24,561,027,788
2015 $379,546,097,301 $23,311,847,751
2014 $438,556,021,078 $27,055,689,003
2013 $426,580,502,769 $25,451,032,781
2012 $406,750,487,604 $23,237,406,116
2011 $428,954,737,064 $23,303,915,795
2010 $389,827,789,218 $19,524,355,419
2009 $399,290,118,782 $19,633,984,440
2008 $429,234,399,096 $24,342,935,404
2007 $386,760,177,589 $22,450,264,166
2006 $333,905,979,332 $17,025,671,810
2005 $313,952,317,331 $14,109,491,357
2004 $299,210,411,455 $12,148,595,031
2003 $260,779,834,340 $9,876,595,528
2002 $212,837,224,023 $7,370,119,619
2001 $196,477,206,829 $6,250,218,423
2000 $196,181,599,831 $5,686,579,748
1999 $216,421,809,126 $5,756,912,266
1998 $217,068,085,816 $5,674,080,543
1997 $211,724,812,267 $5,154,420,649
1996 $235,952,581,232 $4,786,018,988
1995 $240,094,169,510 $4,502,970,889
1994 $202,738,023,130 $4,123,011,420
1993 $189,634,029,339 $4,013,091,682
1992 $194,314,032,056 -
1991 $173,113,449,617 -
1990 $165,811,372,383 -
1989 $132,584,448,258 -
1988 $132,817,124,707 -
1987 $123,682,091,859 -
1986 $98,648,254,169 -
1985 $69,114,996,010 -
1984 $67,719,055,773 -
1983 $71,838,528,420 -
1982 $70,996,111,963 -
1981 $70,755,997,062 -
1980 $81,737,498,405 -
1979 $73,647,694,287 -
1978 $61,809,208,756 -
1977 $51,343,861,460 -
1976 $42,791,707,448 -
1975 $39,902,300,703 -
1974 $35,051,468,640 -
1973 $29,399,860,145 -
1972 $21,973,207,929 -
1971 $17,788,536,733 -
1970 $15,312,791,744 -
1969 $13,647,475,854 -
1968 $12,499,863,917 -
1967 $11,634,569,522 -
1966 $10,939,526,219 -
1965 $10,041,659,445 -
1964 $9,213,648,656 -
1963 $8,414,050,621 -
1962 $7,793,042,529 -
1961 $7,346,566,038 -
1960 $6,624,086,313 -

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

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

GDP per capita in Austria vs Estonia by year

Austria
GDP per capita

GDP per capita, PPP
Estonia
GDP per capita

GDP per capita, PPP
1x
Year Current $
Austria Estonia
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $62,930 - $34,418 -
2024 $58,269 $73,911 $31,428 $49,969
2023 $56,580 $73,545 $30,264 $48,637
2022 $52,337 $72,065 $28,340 $48,218
2021 $53,649 $62,969 $27,951 $44,252
2020 $48,716 $58,523 $23,934 $40,672
2019 $49,886 $60,355 $24,021 $40,586
2018 $51,194 $56,636 $23,618 $37,121
2017 $47,164 $53,870 $20,852 $34,507
2016 $45,061 $52,398 $18,666 $31,948
2015 $43,915 $49,549 $17,722 $29,713
2014 $51,315 $48,355 $20,582 $29,404
2013 $50,305 $47,520 $19,310 $27,831
2012 $48,250 $46,156 $17,568 $26,243
2011 $51,117 $44,172 $17,556 $24,652
2010 $46,611 $41,735 $14,664 $21,614
2009 $47,857 $40,687 $14,712 $20,489
2008 $51,581 $41,047 $18,206 $22,804
2007 $46,623 $39,192 $16,745 $22,201
2006 $40,382 $37,388 $12,641 $19,344
2005 $38,157 $34,777 $10,415 $16,638
2004 $36,614 $33,519 $8,916 $14,538
2003 $32,110 $31,959 $7,205 $13,135
2002 $26,335 $30,952 $5,343 $11,667
2001 $24,430 $29,553 $4,503 $10,309
2000 $24,487 $29,221 $4,071 $9,425
1999 $27,079 $27,500 $4,141 $8,412
1998 $27,212 $26,531 $4,093 $8,451
1997 $26,572 $25,301 $3,683 $7,980
1996 $29,646 $24,427 $3,381 $6,892
1995 $30,207 $23,604 $3,134 $6,480
1994 $25,546 $22,553 $2,819 $5,967
1993 $23,987 $21,647 $2,686 $5,814
1992 $24,783 $21,209 - $5,872
1991 $22,323 $20,536 - $7,151
1990 $21,596 $19,396 - $7,481
1989 $17,401 - - -
1988 $17,510 - - -
1987 $16,329 - - -
1986 $13,032 - - -
1985 $9,136 - - -
1984 $8,956 - - -
1983 $9,500 - - -
1982 $9,373 - - -
1981 $9,348 - - -
1980 $10,827 - - -
1979 $9,755 - - -
1978 $8,173 - - -
1977 $6,784 - - -
1976 $5,656 - - -
1975 $5,265 - - -
1974 $4,613 - - -
1973 $3,875 - - -
1972 $2,913 - - -
1971 $2,372 - - -
1970 $2,051 - - -
1969 $1,834 - - -
1968 $1,686 - - -
1967 $1,577 - - -
1966 $1,494 - - -
1965 $1,381 - - -
1964 $1,275 - - -
1963 $1,173 - - -
1962 $1,093 - - -
1961 $1,037 - - -
1960 $940 - - -

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

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

Austria's GDP per capita is $62,930, ranking 16/197, compared to $34,418 in Estonia, ranking 37/197. Adjusted for purchasing power (GDP per capita PPP), Austria ranks 19th at $73,911, while Estonia ranks 45th at $49,969.

Economic indicators

Austria Estonia
Gross domestic product
$579B
2025
$47B
2025
GDP rank
29/197
2025
101/197
2025
GDP growth
0.62%
2024-2025
0.58%
2024-2025
GDP per capita
$62,930
2025
$34,418
2025
GDP per capita rank
16/197
2025
37/197
2025
GDP per capita, PPP
$73,911
2024
$49,969
2024
GDP per capita PPP rank
19/197
2024
45/197
2024
Government debt
$466B
2025
$11.4B
2025
Debt-to-GDP ratio
80.5%
2025
24.2%
2025
Government debt per person
$50,654
2025
$8,325
2025
Government debt per person rank
10/185
2025
67/185
2025
Average annual personal income after taxes
$38,467
2026
$23,647
2026
Market capitalization of domestic companies
$211B
2025
n/a
Number of billionaires
9
2026
2
2026
Income share by richest 10%
24.8%
2023
23.7%
2023
Income share by poorest 10%
2.8%
2023
3.1%
2023
Government expenditure, % of GDP
55.2%
2025
45.2%
2025
Consumer prices inflation
3.53%
2024-2025
4.83%
2024-2025
Unemployment rate
5.78%
2025
7.5%
2025
Population
9201502
1347027

Spending and national debt comparison by year

Austria
Spending

Debt
Estonia
Spending

Debt
1x
Year % of GDP
Austria Estonia
Government spending Government debt Government spending Government debt
2025 55.2% 80.5% 45.2% 24.2%
2024 55.2% 79.2% 43.6% 23.5%
2023 52.2% 77.8% 43.5% 20.2%
2022 53% 78.1% 40.1% 19.2%
2021 56% 82.4% 42.1% 18.4%
2020 57.3% 83.2% 44.7% 19.1%
2019 49.1% 71% 39.1% 9.05%
2018 49.2% 74.6% 38.8% 8.51%
2017 49.8% 79.1% 38.9% 9.43%
2016 50.6% 83.4% 38.9% 10.2%
2015 51.2% 85.6% 39.3% 10.8%
2014 52.4% 85.2% 37.6% 11.6%
2013 52.4% 82.4% 38.3% 11.4%
2012 51.8% 82.9% 39.4% 11.1%
2011 51.3% 83.4% 37.6% 7.6%
2010 53.4% 83.7% 40.7% 7.99%
2009 54.6% 80.8% 46.1% 7.98%
2008 50.4% 69.5% 39.5% 4.67%
2007 49.7% 65.8% 33.8% 3.91%
2006 50.9% 68.2% 33.5% 4.72%
2005 51.7% 69.4% 33.7% 4.73%
2004 54.3% 65.9% 34.1% 5.16%
2003 51.8% 66.4% 35% 5.6%
2002 51.6% 67.4% 35.9% 5.66%
2001 51.8% 67.2% 35.3% 4.93%
2000 50.9% 66.1% 36.4% 5.11%
1999 50.5% 61.3% 40.7% 5.93%
1998 54.4% 69.2% 38.9% 5.4%
1997 52.5% 63.4% 35.8% 6.03%
1996 55.9% 68.2% 38.6% 7.3%
1995 56.1% 68.2% 39.5% 8.66%
1994 54.3% 64.1% - -
1993 54.3% 61% - -
1992 49.3% 56.3% - -
1991 47.9% 56.4% - -
1990 46.8% 56.2% - -
1989 51.6% 56.6% - -
1988 53.1% 57.7% - -
1987 54.5% 55.5% - -
1986 54.3% 52% - -
1985 53.5% 47.8% - -
1984 52.6% 46% - -
1983 52.4% 43.7% - -
1982 52% 39.7% - -
1981 51.5% 37.5% - -
1980 50% 35.6% - -
1979 49.8% 34.1% - -
1978 50.8% 32.2% - -
1977 47.6% 28.5% - -
1976 47.9% 26.2% - -
1975 46.1% 22.8% - -
1974 42% 16.8% - -
1973 41.5% 16.7% - -
1972 40.1% 16.7% - -
1971 40% 17.4% - -
1970 39.5% 18.6% - -
1969 40.7% 16.8% - -
1968 40.9% 16.8% - -
1967 40.7% 15.6% - -
1966 38.7% 14.1% - -
1965 38.3% 14.8% - -
1964 38.7% 15.5% - -
1963 38.6% 15.6% - -
1962 37.6% 15.5% - -
1961 35.7% 16% - -
1960 36.3% 17.7% - -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1989, retrieved 2026-07-08).

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

In 2025, Austria's government spending was $320B, accounting for 55.2% of its GDP, while Estonia spent $21.3B, or 45.2% of GDP.

Debt-to-GDP ratio is 80.5% in Austria and 24.2% in Estonia, ranking 42/185 and 168/185, respectively.

Government deficit by year

Deficit/surplus
Austria

Estonia
1x
Year Deficit/surplus, % of GDP
Austria Estonia
2025 -4.52% -1.33%
2024 -4.68% -1.54%
2023 -2.59% -3.07%
2022 -3.41% -1.08%
2021 -5.69% -2.57%
2020 -8.2% -5.42%
2019 0.54% -0.11%
2018 0.2% -1.15%
2017 -0.78% -1.07%
2016 -1.45% -0.62%
2015 -0.48% -0.24%
2014 -1.92% 0.42%
2013 -1.99% -0.66%
2012 -2.18% -0.86%
2011 -2.48% 0.09%
2010 -4.46% -1.09%
2009 -5.38% -3.43%
2008 -1.57% -2.92%
2007 -1.56% 2.5%
2006 -2.61% 2.71%
2005 -2.59% 1.07%
2004 -4.94% 2.29%
2003 -1.84% 1.67%
2002 -1.43% 0.29%
2001 -0.71% 0.4%
2000 -2.07% -0.11%
1999 -2.63% -3.42%
1998 -2.68% 0.65%
1997 -2.38% 2.98%
1996 -4.38% -0.93%
1995 -6.17% -0.26%
1994 -5.04% -
1993 -4.57% -
1992 -2.15% -
1991 -2.96% -
1990 -2.58% -
1989 -3.07% -
1988 -3.43% -
1987 -4.33% -
1986 -3.84% -
1985 -2.71% -
1984 -2.67% -
1983 -4.22% -
1982 -3.29% -
1981 -1.79% -
1980 -1.62% -
1979 -2.3% -
1978 -2.67% -
1977 -2.11% -
1976 -3.61% -
1975 -2.41% -
1974 1.23% -
1973 1.24% -
1972 1.97% -
1971 1.46% -
1970 1.16% -
1969 -0.08% -
1968 -0.83% -
1967 -0.56% -
1966 1.73% -
1965 1.38% -
1964 0.48% -
1963 -0.5% -
1962 1.12% -
1961 1.68% -
1960 -0.49% -
1959 -2.16% -
1958 -3.52% -
1957 -0.7% -
1956 -0.78% -
1955 -0.5% -
1954 -0.35% -
1953 -0.24% -
1952 -0.73% -
1951 -1.57% -
1950 -7.72% -
1949 -9.23% -
1948 -9.3% -
1947 - -
1946 - -
1945 - -
1944 - -
1943 - -
1942 - -
1941 - -
1940 - -
1939 - -
1938 - -
1937 -2.84% -
1936 -3.91% -
1935 -5.46% -
1934 -5.28% -
1933 -3.55% -
1932 -9.16% -
1931 -11.5% -
1930 -9.68% -
1929 -6.83% -
1928 -7.63% -
1927 -7.3% -
1926 -6.18% -
1925 -4.96% -
1924 -5.69% -
1923 - -
1922 - -
1921 - -
1920 - -
1919 - -
1918 - -
1917 - -
1916 - -
1915 - -
1914 - -
1913 - -
1912 -0.69% -
1911 0.03% -
1910 -0.42% -
1909 -5.51% -
1908 -1.24% -
1907 -2.73% -
1906 -0.05% -
1905 -0.71% -
1904 -1.12% -
1903 -0.97% -
1902 -0.75% -
1901 -0.56% -
1900 -0.05% -
1899 -0.08% -
1898 -0.17% -
1897 0.1% -
1896 0.03% -
1895 0.36% -
1894 -1.16% -
1893 -1.31% -
1892 -0.86% -
1891 -4.01% -
1890 -0.26% -
1889 -1.61% -
1888 -0.97% -
1887 -1.09% -
1886 -0.43% -
1885 -0.57% -
1884 -6.43% -
1883 -0.69% -
1882 -1.06% -
1881 -3.91% -
1880 -1.4% -

Data sources: International Monetary Fund (IMF) | Public Finances in Modern History (1880–1989, retrieved 2026-07-08); International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08).

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

In 2025, Austria's government deficit, the difference between spending and revenue, was $26.2B, equivalent to 4.52% of GDP. This compares to Estonia's deficit of $626M, or 1.33% of GDP.

Over the past 31 years, Austria recorded a fiscal deficit in 29 of those years, while Estonia ran a deficit in 20 years. On average, Austria posted an annual deficit equal to 2.81% of GDP, compared to deficit of 0.54% of GDP for Estonia.

Inflation comparison by year

Inflation
Austria

Estonia
1x
Year Consumer prices inflation
Austria Estonia
2025 3.53% 4.83%
2024 2.94% 3.52%
2023 7.81% 9.16%
2022 8.55% 19.4%
2021 2.77% 4.65%
2020 1.38% -0.44%
2019 1.53% 2.28%
2018 2% 3.44%
2017 2.08% 3.42%
2016 0.89% 0.15%
2015 0.9% -0.49%
2014 1.61% -0.11%
2013 2% 2.78%
2012 2.49% 3.93%
2011 3.29% 4.98%
2010 1.81% 2.97%
2009 0.51% -0.08%
2008 3.22% 10.4%
2007 2.17% 6.6%
2006 1.44% 4.44%
2005 2.3% 4.08%
2004 2.06% 3.05%
2003 1.36% 1.33%
2002 1.81% 3.57%
2001 2.65% 5.75%
2000 2.34% 4.02%
1999 0.57% 3.3%
1998 0.92% 8.21%
1997 1.31% 10.6%

Data sources: World Bank | Economy & Growth (1997–2025, retrieved 2026-07-08).

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

Over the past 29 years, Austria has recorded an average annual inflation rate of 2.35%, compared with 4.47% in Estonia. In 2025, inflation was 3.53% in Austria and 4.83% in Estonia.

Top exports between countries

Austria
Export category Export value
Machinery & equipment $101M
Chemicals & pharma $64.9M
Precious metals & jewellery $51.9M
Transport & tourism services $45.4M
IT & IP services $26.1M
Business & finance services $21.6M
Textiles & consumer goods $19.7M
Processed food, beverages & tobacco $16.1M
Metals $11.3M
Wood & paper products $6.89M
Estonia
Export category Export value
Machinery & equipment $54.2M
Transport & tourism services $33M
Wood & paper products $28.2M
Business & finance services $19.2M
IT & IP services $15.9M
Textiles & consumer goods $14.9M
Metals $11.2M
Manufacturing & construction services $10.6M
Chemicals & pharma $3.2M
Processed food, beverages & tobacco $2.73M

Balance of trade

Austria Estonia
Current account balance
$10.4B
2025
-$70M
2025
Current account balance ranking
24/190
2025
79/190
2025
Current account balance, % of GDP
+1.79%
2025
-0.15%
2025
Goods imports
$208B
2025
$24.4B
2025
Goods exports
$214B
2025
$21.2B
2025
Service imports
$98.3B
2025
$12B
2025
Service exports
$105B
2025
$15.6B
2025
Imports of goods and services, % of GDP
52.3%
2025
77.4%
2025
Exports of goods and services, % of GDP
54.7%
2025
78.4%
2025

Economic freedom indices

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

Austria Estonia
Economic freedom 69.8 78.7
Economic freedom ranking 38/197 10/197
Property rights 95.7 93.6
Government integrity 75 86.3
Judicial effectiveness 94.8 92.4
Tax burden 45.7 77.9
Government spending 12.8 46
Fiscal health 67.1 93.1
Business freedom 78.7 82.8
Labor freedom 81.6 59
Monetary freedom 76.4 73.9
Trade freedom 79.4 79.4
Investment freedom 60 90
Financial freedom 70 70

Economic freedom comparison by year

Austria
Estonia
1x
Year Economic freedom index
Austria Estonia
2026 69.8 78.7
2025 69.7 78.9
2024 68.4 77.8
2023 71.1 78.6
2022 73.8 80
2021 73.9 78.2
2020 73.3 77.7
2019 72 76.6
2018 71.8 78.8
2017 72.3 79.1
2016 71.7 77.2
2015 71.2 76.8
2014 72.4 75.9
2013 71.8 75.3
2012 70.3 73.2
2011 71.9 75.2
2010 71.6 74.7
2009 71.2 76.4
2008 71.4 77.9
2007 71.6 78
2006 71.1 74.9
2005 68.8 75.2
2004 67.6 77.4
2003 67.6 77.7
2002 67.4 77.6
2001 68.1 76.1
2000 68.4 69.9
1999 64 73.8
1998 65.4 72.5
1997 65.2 69.1
1996 68.9 65.4
1995 70 65.2

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08).

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

The Economic Freedom Index for Austria is 69.8, ranking 38/197, 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

Austria Estonia
Services, % of GDP
64.1%
2025
65.8%
2025
Industry, % of GDP
24%
2025
19.7%
2025
Agriculture, forestry, and fishing, % of GDP
1.26%
2025
1.65%
2025
GNI, Atlas method
$556B
2025
$44.2B
2025
GNI per capita, PPP
$77,010
2025
$51,370
2025
Total reserves including gold
$53.4B
2025
$2.44B
2025
Total reserves ranking
46/177
2025
124/177
2025
Net foreign direct investment
$5.61B
2025
$814M
2025
Net inflows of foreign direct investment
$13.7B
2024
-$3.44B
2024
Net outflows of foreign direct investment
$13.8B
2024
-$3.72B
2024
Poverty at national poverty lines
14.8%
2021
22.5%
2022
Gross capital formation, % of GDP
23.7%
2025
24.8%
2025

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2025, retrieved 2026-07-08); U.S. Census Bureau (1985–2025, retrieved 2026-07-08).

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

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Data sources:

  1. World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08)
  3. International Monetary Fund (IMF) | Public Finances in Modern History (1880–1989, retrieved 2026-07-08)
  4. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08)
  5. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
  6. TradeMap (2023–2025, retrieved 2026-07-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  8. LivingCost (2026, retrieved 2026-07-08)

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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.

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.