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Economy of Estonia vs Niger compared: GDP & Debt

Updated on by Georank team

Estonia has a GDP of $43.1B compared to $19.9B for Niger, ranking 100/197 and 130/197 by economy size, respectively.

Estonia has $10.1B in government debt (23.4% of GDP), compared to $9.39B (47.2% of GDP) in Niger.

Estonia vs Niger GDP by year

Estonia
Niger
1x
Year GDP, current $
Estonia Niger
2024 $43,130,419,829 $19,876,128,486
2023 $41,470,344,395 $16,698,786,978
2022 $38,226,641,740 $15,433,852,712
2021 $37,201,101,171 $14,915,002,436
2020 $31,820,771,494 $13,744,653,103
2019 $31,873,748,770 $12,889,555,561
2018 $31,222,632,741 $12,837,307,497
2017 $27,469,461,919 $11,185,104,252
2016 $24,561,027,788 $10,398,861,982
2015 $23,311,847,751 $9,683,867,926
2014 $27,055,689,003 $10,862,943,544
2013 $25,451,032,781 $10,224,897,438
2012 $23,237,406,116 $9,426,912,648
2011 $23,303,915,795 $8,772,950,778
2010 $19,524,355,419 $7,851,192,502
2009 $19,633,984,440 $7,352,131,310
2008 $24,342,935,404 $7,297,600,226
2007 $22,450,264,166 $5,731,485,052
2006 $17,025,671,810 $4,756,361,252
2005 $14,109,491,357 $4,383,315,965
2004 $12,148,595,031 $3,760,443,738
2003 $9,876,595,528 $3,394,084,732
2002 $7,370,119,619 $2,782,192,879
2001 $6,250,218,423 $2,448,714,704
2000 $5,686,579,748 $2,241,753,193
1999 $5,756,912,266 $2,537,789,821
1998 $5,674,080,543 $2,643,363,519
1997 $5,154,420,649 $2,290,318,910
1996 $4,786,018,988 $2,405,686,940
1995 $4,502,970,889 $2,302,537,562
1994 $4,123,011,420 $1,938,058,175
1993 $4,013,091,682 $3,052,673,849
1992 - $3,386,232,579
1991 - $3,285,796,875
1990 - $3,512,356,508
1989 - $2,179,567,114
1988 - $2,280,356,193
1987 - $2,233,006,105
1986 - $1,904,096,998
1985 - $1,440,581,652
1984 - $1,461,243,326
1983 - $1,803,099,561
1982 - $2,017,612,216
1981 - $2,170,893,414
1980 - $2,508,524,721
1979 - $2,109,277,666
1978 - $1,774,365,590
1977 - $1,291,458,041
1976 - $1,064,517,601
1975 - $1,048,690,933
1974 - $1,026,137,111
1973 - $946,385,105
1972 - $742,779,661
1971 - $693,573,704
1970 - $649,916,621
1969 - $625,867,985
1968 - $641,214,226
1967 - $665,586,872
1966 - $702,296,079
1965 - $673,383,511
1964 - $582,816,396
1963 - $586,294,879
1962 - $531,736,599
1961 - $485,785,231
1960 - $449,526,873

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

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

GDP per capita in Estonia vs Niger by year

Estonia
GDP per capita

GDP per capita, PPP
Niger
GDP per capita

GDP per capita, PPP
1x
Year Current $
Estonia Niger
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $31,428 $49,969 $735 $2,050
2023 $30,264 $48,637 $638 $1,875
2022 $28,340 $48,218 $610 $1,840
2021 $27,951 $44,252 $609 $1,586
2020 $23,934 $40,672 $580 $1,497
2019 $24,021 $40,586 $562 $1,419
2018 $23,618 $37,121 $579 $1,276
2017 $20,852 $34,507 $522 $1,208
2016 $18,666 $31,948 $503 $1,189
2015 $17,722 $29,713 $486 $1,172
2014 $20,582 $29,404 $565 $1,161
2013 $19,310 $27,831 $552 $1,138
2012 $17,568 $26,243 $529 $1,162
2011 $17,556 $24,652 $511 $1,064
2010 $14,664 $21,614 $474 $1,058
2009 $14,712 $20,489 $461 $999
2008 $18,206 $22,804 $475 $1,010
2007 $16,745 $22,201 $387 $955
2006 $12,641 $19,344 $333 $935
2005 $10,415 $16,638 $319 $888
2004 $8,916 $14,538 $283.5 $832
2003 $7,205 $13,135 $265.2 $837
2002 $5,343 $11,667 $225.3 $832
2001 $4,503 $10,309 $205.4 $809
2000 $4,071 $9,425 $194.8 $764
1999 $4,141 $8,412 $228.3 $783
1998 $4,093 $8,451 $246.1 $801
1997 $3,683 $7,980 $220.6 $745
1996 $3,381 $6,892 $239.5 $746
1995 $3,134 $6,480 $237 $757
1994 $2,819 $5,967 $206.2 $748
1993 $2,686 $5,814 $335 $742
1992 - $5,872 $384 $746
1991 - $7,151 $384 $738
1990 - $7,481 $424 $739
1989 - - $271.3 -
1988 - - $292.6 -
1987 - - $295.3 -
1986 - - $259.6 -
1985 - - $202.4 -
1984 - - $211.5 -
1983 - - $268.8 -
1982 - - $310 -
1981 - - $343 -
1980 - - $409 -
1979 - - $354 -
1978 - - $307 -
1977 - - $229.8 -
1976 - - $194.8 -
1975 - - $197.2 -
1974 - - $198.3 -
1973 - - $187.9 -
1972 - - $151.4 -
1971 - - $145.2 -
1970 - - $139.8 -
1969 - - $138.3 -
1968 - - $145.6 -
1967 - - $155.4 -
1966 - - $168.6 -
1965 - - $166.3 -
1964 - - $148.1 -
1963 - - $153.3 -
1962 - - $143.2 -
1961 - - $134.6 -
1960 - - $128.3 -

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

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

Estonia's GDP per capita is $31,428, ranking 40/197, compared to $735 in Niger, ranking 187/197. Adjusted for purchasing power (GDP per capita PPP), Estonia ranks 45th at $49,969, while Niger ranks 186th at $2,050.

Economic indicators

Estonia Niger
Gross domestic product
$43.1B
2024
$19.9B
2024
GDP rank
100/197
2024
130/197
2024
GDP growth
-0.09%
2023-2024
10.3%
2023-2024
GDP per capita
$31,428
2024
$735
2024
GDP per capita rank
40/197
2024
187/197
2024
GDP per capita, PPP
$49,969
2024
$2,050
2024
GDP per capita PPP rank
45/197
2024
186/197
2024
Government debt
$10.1B
2024
$9.39B
2024
Debt-to-GDP ratio
23.4%
2024
47.2%
2024
Government debt per person
$7,356
2024
$347
2024
Government debt per person rank
65/185
2024
173/185
2024
Average annual personal income after taxes
$23,740
2026
$1,163
2026
Number of billionaires
2
2025
n/a
Income share by richest 10%
23.7%
2023
27.8%
2021
Income share by poorest 10%
3.1%
2023
3.8%
2021
Government expenditure, % of GDP
43.6%
2024
13.4%
2024
Consumer prices inflation
3.52%
2023-2024
9.07%
2023-2024
Unemployment rate
7.5%
2024
0.4%
2022
Population
1339590
29080898

Spending and national debt comparison by year

Estonia
Spending

Debt
Niger
Spending

Debt
1x
Year % of GDP
Estonia Niger
Government spending Government debt Government spending Government debt
2024 43.6% 23.4% 13.4% 47.2%
2023 43.5% 20.1% 15.8% 51.8%
2022 40.1% 19.2% 21.6% 50.6%
2021 42.1% 18.4% 24.3% 51.3%
2020 44.7% 19.1% 22.4% 45%
2019 39.1% 9.05% 21.6% 39.8%
2018 38.8% 8.51% 21.2% 37%
2017 38.9% 9.43% 19.5% 36.5%
2016 38.9% 10.2% 19.4% 32.8%
2015 39.3% 10.8% 24.2% 29.9%
2014 37.6% 11.6% 23.6% 22.1%
2013 38.3% 11.4% 20.4% 19.6%
2012 39.4% 11.1% 16.6% 18.1%
2011 37.6% 7.6% 15.3% 14.7%
2010 40.7% 7.99% 14.3% 15.1%
2009 46.1% 7.98% 17.7% 15.9%
2008 39.5% 4.67% 16.9% 14.2%
2007 33.8% 3.91% 17.4% 17.8%
2006 33.5% 4.72% 15.2% 18.3%
2005 33.7% 4.73% 15.6% 49.5%
2004 34.1% 5.16% 16.1% 55%
2003 35% 5.6% 14% 60.6%
2002 35.9% 5.66% 14.4% 69%
2001 35.3% 4.93% 13.7% 74%
2000 36.4% 5.11% 13.5% 82.1%
1999 40.7% 5.93% 15% 63.3%
1998 38.9% 5.4% 13.6% 61.3%
1997 35.8% 6.03% 12.9% 69.1%
1996 38.6% 7.3% 10.9% 63.5%
1995 39.5% 8.66% 12.5% 69.4%

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

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

In 2024, Estonia's government spending was $18.8B, accounting for 43.6% of its GDP, while Niger spent $2.67B, or 13.4% of GDP.

Debt-to-GDP ratio is 23.4% in Estonia and 47.2% in Niger, ranking 171/185 and 114/185, respectively.

Government deficit by year

Deficit/surplus
Estonia

Niger
1x
Year Deficit/surplus, % of GDP
Estonia Niger
2024 -1.51% -4.27%
2023 -3.13% -5.37%
2022 -1.08% -6.77%
2021 -2.57% -6.1%
2020 -5.42% -4.82%
2019 -0.11% -3.56%
2018 -1.15% -3.01%
2017 -1.07% -4.12%
2016 -0.62% -4.46%
2015 -0.24% -6.75%
2014 0.42% -6.12%
2013 -0.66% -1.93%
2012 -0.86% -0.83%
2011 0.09% -2.19%
2010 -1.09% -0.99%
2009 -3.43% -3.93%
2008 -2.92% 1.11%
2007 2.5% -0.75%
2006 2.71% 31%
2005 1.07% -1.53%
2004 2.29% -2.76%
2003 1.67% -2.17%
2002 0.29% -2.21%
2001 0.4% -2.59%
2000 -0.11% -2.83%
1999 -3.42% -4.27%
1998 0.65% -2.23%
1997 2.98% -2.39%
1996 -0.93% -0.36%
1995 -0.26% -3.19%

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

GeoRank.org/economy/estonia/niger | 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 Niger's deficit of $848M, or 4.27% of GDP.

Over the past 30 years, Estonia recorded a fiscal deficit in 19 of those years, while Niger ran a deficit in 28 years. On average, Estonia posted an annual deficit equal to 0.52% of GDP, compared to deficit of 2.01% of GDP for Niger.

Inflation comparison by year

Inflation
Estonia

Niger
1x
Year Consumer prices inflation
Estonia Niger
2024 3.52% 9.07%
2023 9.16% 3.7%
2022 19.4% 4.23%
2021 4.65% 3.84%
2020 -0.44% 2.9%
2019 2.28% -2.49%
2018 3.44% 2.97%
2017 3.42% 2.8%
2016 0.15% 1.65%
2015 -0.49% -0.58%
2014 -0.11% -0.93%
2013 2.78% 2.3%
2012 3.93% 0.46%
2011 4.98% 2.94%
2010 2.97% 0.8%
2009 -0.08% 0.58%
2008 10.4% 11.3%
2007 6.6% 0.05%
2006 4.44% 0.04%
2005 4.08% 7.8%
2004 3.05% 0.26%
2003 1.33% -1.61%
2002 3.57% 2.63%
2001 5.75% 4.01%
2000 4.02% 2.9%
1999 3.3% -2.3%
1998 8.21% 4.55%
1997 10.6% 2.93%

Data sources: World Bank | Economy & Growth (1997–2024, retrieved 2026-04-06).

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

Over the past 28 years, Estonia has recorded an average annual inflation rate of 4.46%, compared with 2.39% in Niger. In 2024, inflation was 3.52% in Estonia and 9.07% in Niger.

Top exports between countries

Estonia
Export category Export value
Machinery & equipment $11K
Metals $6K
Chemicals & pharma $1K
Niger
Export category Export value
Machinery & equipment $12K

Balance of trade

Estonia Niger
Current account balance
-$543M
2024
-$2.33B
2023
Current account balance ranking
107/190
2024
146/190
2023
Current account balance, % of GDP
-1.26%
2024
-14%
2023
Goods imports
$22.1B
2024
$2.59B
2023
Goods exports
$19B
2024
$992M
2023
Service imports
$10.4B
2024
$1.22B
2023
Service exports
$13.6B
2024
$231M
2023
Imports of goods and services, % of GDP
75.4%
2024
22.7%
2024
Exports of goods and services, % of GDP
75.7%
2024
27.3%
2024

Economic freedom indices

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

Estonia Niger
Economic freedom 78.7 51
Economic freedom ranking 10/197 156/197
Property rights 93.6 16.6
Government integrity 86.3 33.9
Judicial effectiveness 92.4 28
Tax burden 77.9 78.2
Government spending 46 91.4
Fiscal health 93.1 47.6
Business freedom 82.8 32.4
Labor freedom 59 54.7
Monetary freedom 73.9 67.9
Trade freedom 79.4 65.8
Investment freedom 90 55
Financial freedom 70 40

Economic freedom comparison by year

Estonia
Niger
1x
Year Economic freedom index
Estonia Niger
2026 78.7 51
2025 78.9 51.5
2024 77.8 52.3
2023 78.6 53.7
2022 80 54.9
2021 78.2 57.3
2020 77.7 54.7
2019 76.6 51.6
2018 78.8 49.5
2017 79.1 50.8
2016 77.2 54.3
2015 76.8 54.6
2014 75.9 55.1
2013 75.3 53.9
2012 73.2 54.3
2011 75.2 54.3
2010 74.7 52.9
2009 76.4 53.8
2008 77.9 52.9
2007 78 53.2
2006 74.9 52.5
2005 75.2 54.1
2004 77.4 54.6
2003 77.7 54.2
2002 77.6 48.2
2001 76.1 48.9
2000 69.9 45.9
1999 73.8 48.6
1998 72.5 47.5
1997 69.1 46.6
1996 65.4 45.8
1995 65.2 -

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09).

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

The Economic Freedom Index for Estonia is 78.7, ranking 10/197, compared to 51 for Niger, ranking 156/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Estonia Niger
Services, % of GDP
65.7%
2024
45%
2024
Industry, % of GDP
20.1%
2024
17.6%
2024
Agriculture, forestry, and fishing, % of GDP
1.77%
2024
34.5%
2024
GNI, Atlas method
$39.6B
2024
$18.3B
2024
GNI per capita, PPP
$48,880
2024
$2,030
2024
Total reserves including gold
$2.07B
2024
n/a
Total reserves ranking
125/177
2024
n/a
Net foreign direct investment
-$285M
2024
-$1.02B
2023
Net inflows of foreign direct investment
-$3.44B
2024
$358M
2024
Net outflows of foreign direct investment
-$3.72B
2024
$20.7M
2024
Servicing debt to the IMF, % of GNI n/a
1.94%
2024
Poverty at national poverty lines
22.5%
2022
41.2%
2021
Gross capital formation, % of GDP
24.6%
2024
22.1%
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/niger | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1960–2024, 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 (2020–2023, 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.