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Estonia vs India: Economic Indicators Comparison

India with a GDP of $2.7T ranked the 7th largest economy in the world, while Estonia ranked 102nd with $30.7B. By GDP 5-years average growth and GDP per capita, India and Estonia ranked 6th vs 71st and 150th vs 42nd, respectively.

Gross Domestic Product & Income

StatEstoniaIndia
GDP$30.7B$2.7T
GDP growth, 1 year3.9%7.1%
GDP growth, 5-years average3.4%7.6%
Population1.3M1.3B
GDP per capita$23k$2k
GDP per capita growth4.48%5.71%
Purchasing Power Parity conversion factor0.5518.1
Price level ratio of PPP conversion factor GDP to market exchange rate0.650.26
GDP per capita, PPP adjusted$34k$7.9k
GNI, Atlas method$27.9B$2.7T
GNI per capita$21k$2k
GNI, PPP adjusted$46.2B$10.4T
GNI per capita, PPP adjusted$35k$7.7k

Financial system and Human development

StatEstoniaIndia
Income Tax Rate20%30.9%
Corporate Tax Rate20%32.4%
Inflation, consumer prices3.4%3.5%
Inflation, GDP deflator4.5%4.1%
Unemployment5.5%2.6%
Economic Freedom Index77.756.5
Personal Freedom Index9.046.96
Human Freedom Index8.446.8
Property Rights Index83.263
Judical Effectiveness Index73.764.1
Business Freedom Index73.565.6
Fiscal Health Index99.913.1
Labor Freedom Index57.341.2
Investment Freedom Index9040
Financial Freedom Index7040
Trade Freedom Index86.473.4
Monetary Freedom Index78.673
Government Spending Index53.377.9
Tax Burden Index81.179.4
Government Integrity Index85.947.2
Corruption Perceptions Index7341
Life expectancy at birth, years77.669.2
Suicide mortality rate, per 100,000 people17.816.3
Mortality caused by road traffic injury, per 100,000 people6.122.6
Intentional homicides, per 100,000 people2.23.2
International tourism, number of arrivals3.2M17.4M

Government debt & reserves

StatEstoniaIndia
Central government debt, % of GDP8.1%69.8%
External debt stocks, % of GNIN/A19.3%
External debt stocksN/A$521.4B
Short-term debt, % of total reservesN/A26.1%
Total debt service, % of exports and primary incomeN/A11.4%
Adjusted net savings including particulate emission damage, % of GNI15.2%16.3%
Gross savings, % of GDP28.2%30.9%
Gross capital formation, % of GDP26.2%31.3%
Total reserves including gold$755M$399.2B
Foreign direct investment net inflows$1.2B$42.1B

Exports, imports and economic structure

StatEstoniaIndia
Exports of goods and services, % of GDP74.3%19.7%
Imports of goods and services, % of GDP70.7%23.6%
Current account balance (balance of payments)$612.4M-$65.6B
Revenue excluding grants, % of GDP34.8%12.9%
Grants excluding technical cooperation, BoP$120.3M$689.4M
Personal remittances received$566.5M$78.8B
Industry including construction value added, % of GDP24.1%26.7%
Agriculture, forestry and fishing value added, % of GDP2.7%14.6%
Charges for the use of intellectual property, payments BoP$64.7M$7.9B
Charges for the use of intellectual property, receipts BoP$15.9M$784.9M
Expense, % of GDP35%14.9%
Government Expenditure, % of GDP39.4%27.1%

Compare with countries close by GDP per capita

Estonia vs

CountryGDP
per capita
Population
France
$41k
66.6M
Japan
$39k
127M
Italy
$34k
60.3M
Kuwait
$34k
4.6M
Bahamas
$32k
395k
Brunei
$32k
429k
South Korea
$31k
51.5M
Spain
$30k
46.7M
Malta
$30k
465k
Cyprus
$28k
1.14M
Slovenia
$26k
2.07M
Taiwan
$25k
23.6M
Bahrain
$24k
1.49M
Portugal
$23k
10.6M
Saudi Arabia
$23k
33M
Czech Republic
$23k
10.7M
Vatican City
$21k
1k
Greece
$20k
10.8M
Curacao
$20k
160k
Slovakia
$19k
5.4M
Saint Kitts and Nevis
$19k
55.3k
Lithuania
$19k
2.79M
Barbados
$18k
286k
Latvia
$18k
1.91M
Uruguay
$17k
3.46M
Trinidad and Tobago
$17k
1.37M
Antigua and Barbuda
$17k
102k
Seychelles
$16k
95.8k
Oman
$16k
4.83M
Hungary
$16k
9.94M

India vs

CountryGDP
per capita
Population
Ukraine
$3.1k
42.6M
Djibouti
$3.1k
957k
Papua New Guinea
$2.7k
8.25M
Vietnam
$2.6k
94.7M
Egypt
$2.5k
94.8M
Laos
$2.5k
6.86M
Honduras
$2.5k
9.27M
Ghana
$2.2k
26.9M
Congo
$2.1k
5.26M
Zimbabwe
$2.1k
16.5M
Solomon Islands
$2.1k
611k
East Timor
$2k
1.3M
Syria
$2k
18.3M
Nicaragua
$2k
6.22M
Nigeria
$2k
191M
Sao Tome and Principe
$2k
204k
Ivory Coast
$1.7k
24.3M
Kenya
$1.7k
48.5M
North Korea
$1.7k
25.5M
Bangladesh
$1.7k
165M
Kiribati
$1.6k
116k
Zambia
$1.5k
17.1M
Cameroon
$1.5k
24.1M
Uzbekistan
$1.5k
32.4M
Senegal
$1.5k
15.9M
Cambodia
$1.5k
16M
Pakistan
$1.5k
197M
Comoros
$1.4k
824k
Myanmar
$1.3k
53.4M
Lesotho
$1.3k
2.23M