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Economy of Estonia vs Kyrgyzstan compared: GDP & Debt

Updated on by Georank team

Estonia has a GDP of $43.1B compared to $17.5B for Kyrgyzstan, ranking 100/197 and 135/197 by economy size, respectively.

Estonia has $10.1B in government debt (23.4% of GDP), compared to $6.56B (37.5% of GDP) in Kyrgyzstan.

Estonia vs Kyrgyzstan GDP by year

Estonia
Kyrgyzstan
1x
Year GDP, current $
Estonia Kyrgyzstan
2024 $43,130,419,829 $17,478,259,659
2023 $41,470,344,395 $15,180,842,369
2022 $38,226,641,740 $12,134,931,018
2021 $37,201,101,171 $9,249,133,946
2020 $31,820,771,494 $8,270,468,614
2019 $31,873,748,770 $9,371,275,264
2018 $31,222,632,741 $8,271,106,235
2017 $27,469,461,919 $7,702,938,379
2016 $24,561,027,788 $6,813,095,379
2015 $23,311,847,751 $6,678,177,512
2014 $27,055,689,003 $7,468,102,413
2013 $25,451,032,781 $7,335,033,801
2012 $23,237,406,116 $6,605,142,884
2011 $23,303,915,795 $6,197,765,984
2010 $19,524,355,419 $4,794,361,863
2009 $19,633,984,440 $4,690,061,381
2008 $24,342,935,404 $5,139,958,909
2007 $22,450,264,166 $3,802,570,553
2006 $17,025,671,810 $2,834,168,889
2005 $14,109,491,357 $2,460,246,766
2004 $12,148,595,031 $2,211,534,585
2003 $9,876,595,528 $1,919,008,090
2002 $7,370,119,619 $1,605,643,105
2001 $6,250,218,423 $1,525,116,370
2000 $5,686,579,748 $1,369,688,498
1999 $5,756,912,266 $1,249,061,487
1998 $5,674,080,543 $1,645,963,750
1997 $5,154,420,649 $1,767,864,036
1996 $4,786,018,988 $1,827,570,586
1995 $4,502,970,889 $1,661,147,035
1994 $4,123,011,420 $1,681,780,847
1993 $4,013,091,682 $2,026,019,253
1992 - $2,315,346,943
1991 - $2,542,256,424
1990 - $2,660,202,623

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

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

GDP per capita in Estonia vs Kyrgyzstan by year

Estonia
GDP per capita

GDP per capita, PPP
Kyrgyzstan
GDP per capita

GDP per capita, PPP
1x
Year Current $
Estonia Kyrgyzstan
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $31,428 $49,969 $2,420 $8,012
2023 $30,264 $48,637 $2,138 $7,298
2022 $28,340 $48,218 $1,740 $6,578
2021 $27,951 $44,252 $1,350 $5,736
2020 $23,934 $40,672 $1,230 $5,179
2019 $24,021 $40,586 $1,422 $5,304
2018 $23,618 $37,121 $1,284 $4,778
2017 $20,852 $34,507 $1,221 $4,954
2016 $18,666 $31,948 $1,103 $4,604
2015 $17,722 $29,713 $1,106 $4,153
2014 $20,582 $29,404 $1,265 $4,228
2013 $19,310 $27,831 $1,270 $4,001
2012 $17,568 $26,243 $1,169 $3,589
2011 $17,556 $24,652 $1,117 $3,278
2010 $14,664 $21,614 $877 $3,076
2009 $14,712 $20,489 $870 $3,097
2008 $18,206 $22,804 $966 $3,031
2007 $16,745 $22,201 $722 $2,770
2006 $12,641 $19,344 $543 $2,508
2005 $10,415 $16,638 $477 $2,386
2004 $8,916 $14,538 $433 $2,343
2003 $7,205 $13,135 $381 $2,158
2002 $5,343 $11,667 $322 $1,998
2001 $4,503 $10,309 $308 $1,986
2000 $4,071 $9,425 $279.6 $1,862
1999 $4,141 $8,412 $258 $1,747
1998 $4,093 $8,451 $345 $1,687
1997 $3,683 $7,980 $376 $1,659
1996 $3,381 $6,892 $395 $1,505
1995 $3,134 $6,480 $364 $1,401
1994 $2,819 $5,967 $372 $1,466
1993 $2,686 $5,814 $449 $1,795
1992 - $5,872 $513 $2,075
1991 - $7,151 $570 $2,382
1990 - $7,481 $606 $2,544

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

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

Estonia's GDP per capita is $31,428, ranking 40/197, compared to $2,420 in Kyrgyzstan, ranking 150/197. Adjusted for purchasing power (GDP per capita PPP), Estonia ranks 45th at $49,969, while Kyrgyzstan ranks 141st at $8,012.

Economic indicators

Estonia Kyrgyzstan
Gross domestic product
$43.1B
2024
$17.5B
2024
GDP rank
100/197
2024
135/197
2024
GDP growth
-0.09%
2023-2024
9.04%
2023-2024
GDP per capita
$31,428
2024
$2,420
2024
GDP per capita rank
40/197
2024
150/197
2024
GDP per capita, PPP
$49,969
2024
$8,012
2024
GDP per capita PPP rank
45/197
2024
141/197
2024
Government debt
$10.1B
2024
$6.56B
2024
Debt-to-GDP ratio
23.4%
2024
37.5%
2024
Government debt per person
$7,356
2024
$908
2024
Government debt per person rank
65/185
2024
144/185
2024
Average annual personal income after taxes
$23,740
2026
$4,187
2026
Number of billionaires
2
2025
n/a
Income share by richest 10%
23.7%
2023
23%
2023
Income share by poorest 10%
3.1%
2023
4.3%
2023
Government expenditure, % of GDP
43.6%
2024
33.7%
2024
Consumer prices inflation
3.52%
2023-2024
5%
2023-2024
Central bank interest rate n/a
10%
2025
Unemployment rate
7.5%
2024
3.5%
2023
Population
1339590
7471102

Spending and national debt comparison by year

Estonia
Spending

Debt
Kyrgyzstan
Spending

Debt
1x
Year % of GDP
Estonia Kyrgyzstan
Government spending Government debt Government spending Government debt
2024 43.6% 23.4% 33.7% 37.5%
2023 43.5% 20.1% 32.9% 42%
2022 40.1% 19.2% 35% 46.8%
2021 42.1% 18.4% 32.1% 56.2%
2020 44.7% 19.1% 32.1% 63.6%
2019 39.1% 9.05% 30.8% 48.8%
2018 38.8% 8.51% 33.1% 54.8%
2017 38.9% 9.43% 37% 58.8%
2016 38.9% 10.2% 38.9% 59.1%
2015 39.3% 10.8% 38.1% 67.1%
2014 37.6% 11.6% 38.5% 53.6%
2013 38.3% 11.4% 38.1% 47.1%
2012 39.4% 11.1% 40.6% 50.5%
2011 37.6% 7.6% 37.4% 50.1%
2010 40.7% 7.99% 37.1% 59.7%
2009 46.1% 7.98% 32.5% 58.5%
2008 39.5% 4.67% 27.9% 49%
2007 33.8% 3.91% 29.6% 57.7%
2006 33.5% 4.72% 29.1% 73.4%
2005 33.7% 4.73% 29.1% 85.7%
2004 34.1% 5.16% 28.5% 92.7%
2003 35% 5.6% 28.1% 108.2%
2002 35.9% 5.66% 29.3% 107.9%
2001 35.3% 4.93% 28.1% 108.2%
2000 36.4% 5.11% 30.2% 123.3%
1999 40.7% 5.93% 35.9% 119.6%
1998 38.9% 5.4% 35.9% 85.1%
1997 35.8% 6.03% 31.1% 64.8%
1996 38.6% 7.3% 28.6% 57.7%
1995 39.5% 8.66% 37.9% 52.4%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1995–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1995–1999, retrieved 2026-02-20).

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

In 2024, Estonia's government spending was $18.8B, accounting for 43.6% of its GDP, while Kyrgyzstan spent $5.89B, or 33.7% of GDP.

Debt-to-GDP ratio is 23.4% in Estonia and 37.5% in Kyrgyzstan, ranking 171/185 and 140/185, respectively.

Government deficit by year

Deficit/surplus
Estonia

Kyrgyzstan
1x
Year Deficit/surplus, % of GDP
Estonia Kyrgyzstan
2024 -1.51% 1.87%
2023 -3.13% 1.59%
2022 -1.08% -0.29%
2021 -2.57% -0.71%
2020 -5.42% -3.06%
2019 -0.11% -0.07%
2018 -1.15% -0.59%
2017 -1.07% -3.73%
2016 -0.62% -5.79%
2015 -0.24% -2.52%
2014 0.42% -3.07%
2013 -0.66% -3.7%
2012 -0.86% -5.86%
2011 0.09% -4.7%
2010 -1.09% -5.95%
2009 -3.43% 0.38%
2008 -2.92% 1.92%
2007 2.5% 1.28%
2006 2.71% -2.1%
2005 1.07% -3.79%
2004 2.29% -4.89%
2003 1.67% -5.17%
2002 0.29% -5.9%
2001 0.4% -6.75%
2000 -0.11% -10.7%
1999 -3.42% -13.5%
1998 0.65% -12%
1997 2.98% -9.3%
1996 -0.93% -9.1%
1995 -0.26% -13.5%

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

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

In 2024, Estonia's government deficit, the difference between spending and revenue, was $651M, equivalent to 1.51% of GDP. This compares to Kyrgyzstan's surplus of $327M, or 1.87% of GDP.

Over the past 30 years, Estonia recorded a fiscal deficit in 19 of those years, while Kyrgyzstan ran a deficit in 25 years. On average, Estonia posted an annual deficit equal to 0.52% of GDP, compared to deficit of 4.32% of GDP for Kyrgyzstan.

Inflation comparison by year

Inflation
Estonia

Kyrgyzstan
1x
Year Consumer prices inflation
Estonia Kyrgyzstan
2024 3.52% 5%
2023 9.16% 10.8%
2022 19.4% 13.9%
2021 4.65% 11.9%
2020 -0.44% 6.3%
2019 2.28% 1.1%
2018 3.44% 1.5%
2017 3.42% 3.2%
2016 0.15% 0.4%
2015 -0.49% 6.5%
2014 -0.11% 7.5%
2013 2.78% 6.6%
2012 3.93% 2.8%
2011 4.98% 16.6%
2010 2.97% 8%
2009 -0.08% 6.8%
2008 10.4% 24.5%
2007 6.6% 10.2%
2006 4.44% 5.6%
2005 4.08% 4.3%
2004 3.05% 4.1%
2003 1.33% 3%
2002 3.57% 2.1%
2001 5.75% 6.9%
2000 4.02% 19.7%
1999 3.3% 35.9%
1998 8.21% 10.5%
1997 10.6% 23.4%

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/estonia/kyrgyzstan | CC BY

Over the past 28 years, Estonia has recorded an average annual inflation rate of 4.46%, compared with 9.25% in Kyrgyzstan. In 2024, inflation was 3.52% in Estonia and 5% in Kyrgyzstan.

Top exports between countries

Estonia
Export category Export value
Machinery & equipment $34.6M
Chemicals & pharma $18M
Textiles & consumer goods $3.11M
Raw materials & minerals $810K
Precious metals & jewellery $604K
Wood & paper products $531K
Metals $374K
Processed food, beverages & tobacco $356K
Raw agricultural goods $135K
Miscellaneous $56K
Kyrgyzstan
Export category Export value
Miscellaneous $756K
Wood & paper products $472K
Metals $346K
Machinery & equipment $127K
Raw agricultural goods $92K
Precious metals & jewellery $70K
Textiles & consumer goods $55K
Raw materials & minerals $24K
Chemicals & pharma $16K
Processed food, beverages & tobacco $6K

Balance of trade

Estonia Kyrgyzstan
Current account balance
-$543M
2024
-$5.18B
2022
Current account balance ranking
107/190
2024
167/190
2022
Current account balance, % of GDP
-1.26%
2024
-42.7%
2022
Goods imports
$22.1B
2024
$9.17B
2022
Goods exports
$19B
2024
$2.25B
2022
Service imports
$10.4B
2024
$1.48B
2022
Service exports
$13.6B
2024
$1.37B
2022
Imports of goods and services, % of GDP
75.4%
2024
84.2%
2024
Exports of goods and services, % of GDP
75.7%
2024
43.4%
2024

Economic freedom indices

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

Estonia Kyrgyzstan
Economic freedom 78.7 56
Economic freedom ranking 10/197 126/197
Property rights 93.6 22.9
Government integrity 86.3 23.9
Judicial effectiveness 92.4 8.3
Tax burden 77.9 93.2
Government spending 46 65.6
Fiscal health 93.1 97.2
Business freedom 82.8 58.2
Labor freedom 59 52.3
Monetary freedom 73.9 68
Trade freedom 79.4 72.6
Investment freedom 90 60
Financial freedom 70 50

Economic freedom comparison by year

Estonia
Kyrgyzstan
1x
Year Economic freedom index
Estonia Kyrgyzstan
2026 78.7 56
2025 78.9 55.6
2024 77.8 55.2
2023 78.6 55.8
2022 80 55.8
2021 78.2 63.7
2020 77.7 62.9
2019 76.6 62.3
2018 78.8 62.8
2017 79.1 61.1
2016 77.2 59.6
2015 76.8 61.3
2014 75.9 61.1
2013 75.3 59.6
2012 73.2 60.2
2011 75.2 61.1
2010 74.7 61.3
2009 76.4 61.8
2008 77.9 61.1
2007 78 60.2
2006 74.9 61
2005 75.2 56.6
2004 77.4 58
2003 77.7 56.8
2002 77.6 51.7
2001 76.1 53.7
2000 69.9 55.7
1999 73.8 54.8
1998 72.5 51.8
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/estonia/kyrgyzstan | CC BY

The Economic Freedom Index for Estonia is 78.7, ranking 10/197, compared to 56 for Kyrgyzstan, ranking 126/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Estonia Kyrgyzstan
Services, % of GDP
65.7%
2024
52.1%
2024
Industry, % of GDP
20.1%
2024
24.7%
2024
Agriculture, forestry, and fishing, % of GDP
1.77%
2024
8.61%
2024
GNI, Atlas method
$39.6B
2024
$15.8B
2024
GNI per capita, PPP
$48,880
2024
$7,900
2024
Total reserves including gold
$2.07B
2024
$5.09B
2024
Total reserves ranking
125/177
2024
100/177
2024
Net foreign direct investment
-$285M
2024
-$509M
2022
Net inflows of foreign direct investment
-$3.44B
2024
$705M
2024
Net outflows of foreign direct investment
-$3.72B
2024
$20M
2024
Servicing debt to the IMF, % of GNI n/a
4.74%
2024
Poverty at national poverty lines
22.5%
2022
25.7%
2024
Gross capital formation, % of GDP
24.6%
2024
29.8%
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/estonia/kyrgyzstan | 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 (2021–2024, retrieved 2026-02-08)
  6. International Monetary Fund (IMF) | Public Finances in Modern History (1995–1999, retrieved 2026-02-20)
  7. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  8. 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.