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Economy of Cambodia vs Estonia compared: GDP & Debt

Updated on by Georank team

Cambodia has a GDP of $46.4B compared to $43.1B for Estonia, ranking 97/197 and 100/197 by economy size, respectively.

Cambodia has $12B in government debt (25.9% of GDP), compared to $10.1B (23.4% of GDP) in Estonia.

Cambodia vs Estonia GDP by year

Cambodia
Estonia
1x
Year GDP, current $
Cambodia Estonia
2024 $46,352,647,037 $43,130,419,829
2023 $42,335,646,896 $41,470,344,395
2022 $39,994,532,960 $38,226,641,740
2021 $36,790,163,687 $37,201,101,171
2020 $34,818,073,901 $31,820,771,494
2019 $36,685,356,408 $31,873,748,770
2018 $33,145,892,169 $31,222,632,741
2017 $29,355,665,910 $27,469,461,919
2016 $26,556,545,153 $24,561,027,788
2015 $24,174,170,369 $23,311,847,751
2014 $22,041,463,968 $27,055,689,003
2013 $19,807,135,253 $25,451,032,781
2012 $17,826,536,700 $23,237,406,116
2011 $16,032,622,024 $23,303,915,795
2010 $13,808,673,288 $19,524,355,419
2009 $12,502,901,170 $19,633,984,440
2008 $12,174,303,999 $24,342,935,404
2007 $10,127,916,460 $22,450,264,166
2006 $8,350,531,017 $17,025,671,810
2005 $7,066,296,463 $14,109,491,357
2004 $5,883,297,160 $12,148,595,031
2003 $5,046,693,484 $9,876,595,528
2002 $4,501,227,627 $7,370,119,619
2001 $4,145,665,970 $6,250,218,423
2000 $3,694,168,979 $5,686,579,748
1999 $3,517,242,477 $5,756,912,266
1998 $3,120,425,503 $5,674,080,543
1997 $3,443,413,389 $5,154,420,649
1996 $3,506,695,720 $4,786,018,988
1995 $3,441,205,693 $4,502,970,889
1994 $2,791,435,272 $4,123,011,420
1993 $2,533,727,592 $4,013,091,682
1992 $2,491,486,594 -
1991 $2,054,974,089 -
1990 $1,402,541,177 -
1989 $1,353,137,648 -
1988 $1,662,877,859 -
1987 $1,036,974,910 -
1986 $1,167,630,318 -
1985 $1,102,669,184 -
1984 $1,021,176,059 -
1983 $939,291,262 -
1982 $865,516,040 -
1981 $815,153,652 -
1980 $744,384,130 -
1979 $723,738,503 -
1978 $766,642,356 -
1977 $716,261,764 -
1976 $790,357,255 -
1975 $749,129,748 -

Data sources: World Bank | Economy & Growth (1975–2024, retrieved 2026-04-06).

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

GDP per capita in Cambodia vs Estonia by year

Cambodia
GDP per capita

GDP per capita, PPP
Estonia
GDP per capita

GDP per capita, PPP
1x
Year Current $
Cambodia Estonia
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $2,628 $7,967 $31,428 $49,969
2023 $2,430 $7,431 $30,264 $48,637
2022 $2,325 $6,919 $28,340 $48,218
2021 $2,167 $6,226 $27,951 $44,252
2020 $2,082 $5,942 $23,934 $40,672
2019 $2,226 $6,154 $24,021 $40,586
2018 $2,037 $5,617 $23,618 $37,121
2017 $1,826 $5,050 $20,852 $34,507
2016 $1,675 $4,748 $18,666 $31,948
2015 $1,547 $4,434 $17,722 $29,713
2014 $1,432 $4,118 $20,582 $29,404
2013 $1,306 $3,891 $19,310 $27,831
2012 $1,193 $3,583 $17,568 $26,243
2011 $1,089 $3,223 $17,556 $24,652
2010 $952 $2,989 $14,664 $21,614
2009 $876 $2,854 $14,712 $20,489
2008 $866 $2,769 $18,206 $22,804
2007 $732 $2,566 $16,745 $22,201
2006 $612 $2,297 $12,641 $19,344
2005 $526 $2,038 $10,415 $16,638
2004 $444 $1,770 $8,916 $14,538
2003 $387 $1,598 $7,205 $13,135
2002 $350 $1,442 $5,343 $11,667
2001 $328 $1,357 $4,503 $10,309
2000 $296.4 $1,256 $4,071 $9,425
1999 $286.8 $1,134 $4,141 $8,412
1998 $258.8 $1,009 $4,093 $8,451
1997 $297.6 $994 $3,683 $7,980
1996 $325 $1,006 $3,381 $6,892
1995 $343 $1,006 $3,134 $6,480
1994 $302 $972 $2,819 $5,967
1993 $294.1 $1,565 $2,686 $5,814
1992 $307 $1,560 - $5,872
1991 $267.3 $1,504 - $7,151
1990 $190.2 $1,410 - $7,481
1989 $191.3 - - -
1988 $244.1 - - -
1987 $158.1 - - -
1986 $185.8 - - -
1985 $182.4 - - -
1984 $174.7 - - -
1983 $166.7 - - -
1982 $159.2 - - -
1981 $154.3 - - -
1980 $143.2 - - -
1979 $142.2 - - -
1978 $147.1 - - -
1977 $126.4 - - -
1976 $128.8 - - -
1975 $113.8 - - -

Data sources: World Bank | Economy & Growth (1975–2024, retrieved 2026-04-06).

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

Cambodia's GDP per capita is $2,628, ranking 145/197, compared to $31,428 in Estonia, ranking 40/197. Adjusted for purchasing power (GDP per capita PPP), Cambodia ranks 142nd at $7,967, while Estonia ranks 45th at $49,969.

Economic indicators

Cambodia Estonia
Gross domestic product
$46.4B
2024
$43.1B
2024
GDP rank
97/197
2024
100/197
2024
GDP growth
5.98%
2023-2024
-0.09%
2023-2024
GDP per capita
$2,628
2024
$31,428
2024
GDP per capita rank
145/197
2024
40/197
2024
GDP per capita, PPP
$7,967
2024
$49,969
2024
GDP per capita PPP rank
142/197
2024
45/197
2024
Government debt
$12B
2024
$10.1B
2024
Debt-to-GDP ratio
25.9%
2024
23.4%
2024
Government debt per person
$681
2024
$7,356
2024
Government debt per person rank
156/185
2024
65/185
2024
Average annual personal income after taxes
$2,258
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
17.3%
2024
43.6%
2024
Consumer prices inflation
0.9%
2023-2024
3.52%
2023-2024
Unemployment rate
0.26%
2023
7.5%
2024
Population
18113986
1339590

Spending and national debt comparison by year

Cambodia
Spending

Debt
Estonia
Spending

Debt
1x
Year % of GDP
Cambodia Estonia
Government spending Government debt Government spending Government debt
2024 17.3% 25.9% 43.6% 23.4%
2023 19.1% 26.3% 43.5% 20.1%
2022 18.7% 25.5% 40.1% 19.2%
2021 21% 25.9% 42.1% 18.4%
2020 20.3% 25.2% 44.7% 19.1%
2019 17.6% 20.8% 39.1% 9.05%
2018 16.1% 21.1% 38.8% 8.51%
2017 16.2% 22.6% 38.9% 9.43%
2016 15.2% 21.8% 38.9% 10.2%
2015 14.5% 23.3% 39.3% 10.8%
2014 16.5% 24.2% 37.6% 11.6%
2013 16.4% 24.4% 38.3% 11.4%
2012 17.1% 24.9% 39.4% 11.1%
2011 16.5% 23.8% 37.6% 7.6%
2010 17% 23.4% 40.7% 7.99%
2009 17% 23.7% 46.1% 7.98%
2008 13.1% 23% 39.5% 4.67%
2007 12.3% 25.1% 33.8% 3.91%
2006 11.3% 26.7% 33.5% 4.72%
2005 11% 31.7% 33.7% 4.73%
2004 12.6% 38.7% 34.1% 5.16%
2003 14.5% 39.8% 35% 5.6%
2002 16.1% 37.8% 35.9% 5.66%
2001 14.5% 33.5% 35.3% 4.93%
2000 14.9% 34.9% 36.4% 5.11%
1999 13.8% 34.6% 40.7% 5.93%
1998 13.4% 37.2% 38.9% 5.4%
1997 12.4% 31.4% 35.8% 6.03%
1996 15.7% 30.1% 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/cambodia/estonia | CC BY

In 2024, Cambodia's government spending was $8B, accounting for 17.3% of its GDP, while Estonia spent $18.8B, or 43.6% of GDP.

Debt-to-GDP ratio is 25.9% in Cambodia and 23.4% in Estonia, ranking 164/185 and 171/185, respectively.

Government deficit by year

Deficit/surplus
Cambodia

Estonia
1x
Year Deficit/surplus, % of GDP
Cambodia Estonia
2024 -2.67% -1.51%
2023 -2.83% -3.13%
2022 -0.29% -1.08%
2021 -5.18% -2.57%
2020 -2.53% -5.42%
2019 2.19% -0.11%
2018 0.28% -1.15%
2017 -0.76% -1.07%
2016 -0.29% -0.62%
2015 -0.65% -0.24%
2014 -1.24% 0.42%
2013 -2.01% -0.66%
2012 -3.57% -0.86%
2011 -3.76% 0.09%
2010 -3.09% -1.09%
2009 -3.98% -3.43%
2008 0.43% -2.92%
2007 0.62% 2.5%
2006 -0.15% 2.71%
2005 -0.34% 1.07%
2004 -3.23% 2.29%
2003 -5.69% 1.67%
2002 -6.07% 0.29%
2001 -4.95% 0.4%
2000 -4.76% -0.11%
1999 -3.79% -3.42%
1998 -5.35% 0.65%
1997 -3.7% 2.98%
1996 -7.53% -0.93%
1995 - -0.26%

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

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

In 2024, Cambodia's government deficit, the difference between spending and revenue, was $1.24B, equivalent to 2.67% of GDP. This compares to Estonia's deficit of $651M, or 1.51% of GDP.

Over the past 29 years, Cambodia recorded a fiscal deficit in 25 of those years, while Estonia ran a deficit in 18 years. On average, Cambodia posted an annual deficit equal to 2.58% of GDP, compared to deficit of 0.53% of GDP for Estonia.

Inflation comparison by year

Inflation
Cambodia

Estonia
1x
Year Consumer prices inflation
Cambodia Estonia
2024 0.9% 3.52%
2023 2.1% 9.16%
2022 5.3% 19.4%
2021 2.9% 4.65%
2020 2.9% -0.44%
2019 2% 2.28%
2018 2.4% 3.44%
2017 2.9% 3.42%
2016 3% 0.15%
2015 1.2% -0.49%
2014 3.9% -0.11%
2013 2.9% 2.78%
2012 2.9% 3.93%
2011 5.5% 4.98%
2010 4% 2.97%
2009 -0.7% -0.08%
2008 25% 10.4%
2007 7.7% 6.6%
2006 6.1% 4.44%
2005 6.3% 4.08%
2004 3.9% 3.05%
2003 1% 1.33%
2002 0% 3.57%
2001 -0.1% 5.75%
2000 -0.8% 4.02%
1999 2% 3.3%
1998 12.9% 8.21%
1997 10.5% 10.6%

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

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

Over the past 28 years, Cambodia has recorded an average annual inflation rate of 4.24%, compared with 4.46% in Estonia. In 2024, inflation was 0.9% in Cambodia and 3.52% in Estonia.

Top exports between countries

Cambodia
Export category Export value
Textiles & consumer goods $305K
Metals $239K
Processed food, beverages & tobacco $219K
Machinery & equipment $122K
Chemicals & pharma $118K
Estonia
Export category Export value
Processed food, beverages & tobacco $2.61M
Textiles & consumer goods $341K
Machinery & equipment $58K
Wood & paper products $51K
Chemicals & pharma $6K

Balance of trade

Cambodia Estonia
Current account balance
$228M
2024
-$543M
2024
Current account balance ranking
65/190
2024
107/190
2024
Current account balance, % of GDP
+0.49%
2024
-1.26%
2024
Goods imports
$31.2B
2024
$22.1B
2024
Goods exports
$26.8B
2024
$19B
2024
Service imports
$3.08B
2024
$10.4B
2024
Service exports
$4.97B
2024
$13.6B
2024
Imports of goods and services, % of GDP
72.1%
2024
75.4%
2024
Exports of goods and services, % of GDP
71.4%
2024
75.7%
2024

Economic freedom indices

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

Cambodia Estonia
Economic freedom 58.7 78.7
Economic freedom ranking 108/197 10/197
Property rights 38.1 93.6
Government integrity 18.9 86.3
Judicial effectiveness 21.2 92.4
Tax burden 90.3 77.9
Government spending 89.9 46
Fiscal health 92.7 93.1
Business freedom 60.8 82.8
Labor freedom 48.3 59
Monetary freedom 77 73.9
Trade freedom 67.8 79.4
Investment freedom 50 90
Financial freedom 50 70

Economic freedom comparison by year

Cambodia
Estonia
1x
Year Economic freedom index
Cambodia Estonia
2026 58.7 78.7
2025 58.2 78.9
2024 55.6 77.8
2023 56.5 78.6
2022 57.1 80
2021 57.3 78.2
2020 57.3 77.7
2019 57.8 76.6
2018 58.7 78.8
2017 59.5 79.1
2016 57.9 77.2
2015 57.5 76.8
2014 57.4 75.9
2013 58.5 75.3
2012 57.6 73.2
2011 57.9 75.2
2010 56.6 74.7
2009 56.6 76.4
2008 55.9 77.9
2007 55.9 78
2006 56.7 74.9
2005 60 75.2
2004 61.1 77.4
2003 63.7 77.7
2002 60.7 77.6
2001 59.6 76.1
2000 59.3 69.9
1999 59.9 73.8
1998 59.8 72.5
1997 52.8 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/cambodia/estonia | CC BY

The Economic Freedom Index for Cambodia is 58.7, ranking 108/197, 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

Cambodia Estonia
Services, % of GDP
35.6%
2024
65.7%
2024
Industry, % of GDP
41.8%
2024
20.1%
2024
Agriculture, forestry, and fishing, % of GDP
16.6%
2024
1.77%
2024
GNI, Atlas method
$44.9B
2024
$39.6B
2024
GNI per capita, PPP
$7,910
2024
$48,880
2024
Total reserves including gold
$22.5B
2024
$2.07B
2024
Total reserves ranking
58/177
2024
125/177
2024
Net foreign direct investment
-$4.22B
2024
-$285M
2024
Net inflows of foreign direct investment
$4.39B
2024
-$3.44B
2024
Net outflows of foreign direct investment
$172M
2024
-$3.72B
2024
Servicing debt to the IMF, % of GNI
7.41%
2024
n/a
Poverty at national poverty lines
17.7%
2012
22.5%
2022
Gross capital formation, % of GDP
32.2%
2024
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/cambodia/estonia | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1975–2024, 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 (2022–2024, 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.