Estonia vs Japan: Economic Indicators Comparison

Japan with a GDP of $5T ranked the 3rd largest economy in the world, while Estonia ranked 102nd with $30.7B. By GDP 5-years average growth and GDP per capita, Japan and Estonia ranked 152nd vs 71st and 28th vs 42nd, respectively.

Gross Domestic Product & Income

Stat	Estonia	Japan
GDP	$30.7B	$5T
GDP growth, 1 year	3.9%	0.8%
GDP growth, 5-years average	3.4%	1%
Population	1.3M	126.8M
GDP per capita	$23k	$39k
GDP per capita growth	4.48%	0.99%
Purchasing Power Parity conversion factor	0.55	101.37
Price level ratio of PPP conversion factor GDP to market exchange rate	0.65	0.92
GDP per capita, PPP adjusted	$34k	$44k
GNI, Atlas method	$27.9B	$5.2T
GNI per capita	$21k	$41k
GNI, PPP adjusted	$46.2B	$5.6T
GNI per capita, PPP adjusted	$35k	$44k

Financial system and Human development

Stat	Estonia	Japan
Income Tax Rate	20%	40.8%
Corporate Tax Rate	20%	23.9%
Inflation, consumer prices	3.4%	1%
Inflation, GDP deflator	4.5%	-0.1%
Unemployment	5.5%	2.5%
Economic Freedom Index	77.7	73.3
Personal Freedom Index	9.04	8.83
Human Freedom Index	8.44	8.31
Property Rights Index	83.2	86.6
Judical Effectiveness Index	73.7	71.4
Business Freedom Index	73.5	81.4
Fiscal Health Index	99.9	62
Labor Freedom Index	57.3	78.7
Investment Freedom Index	90	70
Financial Freedom Index	70	60
Trade Freedom Index	86.4	80
Monetary Freedom Index	78.6	84.4
Government Spending Index	53.3	55.8
Tax Burden Index	81.1	68.3
Government Integrity Index	85.9	80.5
Corruption Perceptions Index	73	73
Life expectancy at birth, years	77.6	84.1
Suicide mortality rate, per 100,000 people	17.8	18.5
Mortality caused by road traffic injury, per 100,000 people	6.1	4.1
Intentional homicides, per 100,000 people	2.2	0.2
International tourism, number of arrivals	3.2M	31.2M

Government debt & reserves

Stat	Estonia	Japan
Central government debt, % of GDP	8.1%	237.1%
External debt stocks, % of GNI	N/A	N/A
External debt stocks	N/A	N/A
Short-term debt, % of total reserves	N/A	N/A
Total debt service, % of exports and primary income	N/A	N/A
Adjusted net savings including particulate emission damage, % of GNI	15.2%	7.3%
Gross savings, % of GDP	28.2%	28%
Gross capital formation, % of GDP	26.2%	24.4%
Total reserves including gold	$755M	$1.3T
Foreign direct investment net inflows	$1.2B	$25.9B

Exports, imports and economic structure

Stat	Estonia	Japan
Exports of goods and services, % of GDP	74.3%	18.4%
Imports of goods and services, % of GDP	70.7%	18.2%
Current account balance (balance of payments)	$612.4M	$174.7B
Revenue excluding grants, % of GDP	34.8%	12.8%
Grants excluding technical cooperation, BoP	$120.3M	N/A
Personal remittances received	$566.5M	$4.4B
Industry including construction value added, % of GDP	24.1%	29.1%
Agriculture, forestry and fishing value added, % of GDP	2.7%	1.2%
Charges for the use of intellectual property, payments BoP	$64.7M	$21.7B
Charges for the use of intellectual property, receipts BoP	$15.9M	$45.5B
Expense, % of GDP	35%	16.4%
Government Expenditure, % of GDP	39.4%	38.4%