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Economy of Estonia vs Oman compared: GDP & Debt

Updated on by Georank

Estonia has a GDP of $47B compared to $110B for Oman, ranking 101/197 and 70/197 by economy size, respectively.

Estonia has $11.4B in government debt (24.2% of GDP), compared to $39.2B (35.8% of GDP) in Oman.

Estonia vs Oman GDP by year

Estonia
Oman
1x
Year GDP, current $
Estonia Oman
2025 $47,030,833,799 $109,604,780,696
2024 $43,130,419,829 $107,137,198,700
2023 $41,470,344,395 $106,174,707,932
2022 $38,226,641,740 $109,852,795,839
2021 $37,201,101,171 $87,323,797,139
2020 $31,820,771,494 $75,909,492,848
2019 $31,873,748,770 $88,060,858,257
2018 $31,222,632,741 $91,505,851,756
2017 $27,469,461,919 $80,856,697,009
2016 $24,561,027,788 $75,128,738,622
2015 $23,311,847,751 $78,710,793,238
2014 $27,055,689,003 $92,699,089,727
2013 $25,451,032,781 $89,936,020,806
2012 $23,237,406,116 $87,408,842,653
2011 $23,303,915,795 $77,497,529,259
2010 $19,524,355,419 $64,993,498,049
2009 $19,633,984,440 $55,454,096,229
2008 $24,342,935,404 $69,804,681,404
2007 $22,450,264,166 $48,300,390,117
2006 $17,025,671,810 $42,577,633,290
2005 $14,109,491,357 $35,506,892,068
2004 $12,148,595,031 $28,378,933,680
2003 $9,876,595,528 $24,733,680,104
2002 $7,370,119,619 $23,065,539,662
2001 $6,250,218,423 $22,205,721,717
2000 $5,686,579,748 $22,259,557,867
1999 $5,756,912,266 $17,832,769,831
1998 $5,674,080,543 $16,044,213,264
1997 $5,154,420,649 $18,039,791,938
1996 $4,786,018,988 $17,402,080,624
1995 $4,502,970,889 $15,722,236,671
1994 $4,123,011,420 $14,715,214,564
1993 $4,013,091,682 $14,230,429,129
1992 - $14,183,615,085
1991 - $12,918,335,501
1990 - $13,310,273,082
1989 - $9,372,171,651
1988 - $8,386,215,865
1987 - $7,811,183,095
1986 - $7,324,167,369
1985 - $10,005,645,420
1984 - $8,821,443,151
1983 - $7,932,541,691
1982 - $7,554,719,456
1981 - $7,259,120,151
1980 - $5,981,760,278
1979 - $3,733,352,635
1978 - $2,740,301,390
1977 - $2,741,169,948
1976 - $2,560,220,035
1975 - $2,096,699,189
1974 - $1,645,917,776
1973 - $483,066,991
1972 - $366,883,548
1971 - $301,010,587
1970 - $256,319,795
1969 - $239,999,808
1968 - $188,879,849
1967 - $107,151,832
1966 - $67,759,973
1965 - $63,279,975
1964 - $61,872,526
1963 - $59,912,763
1962 - $56,273,202
1961 - $45,634,487
1960 - $44,234,656

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

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

GDP per capita in Estonia vs Oman by year

Estonia
GDP per capita

GDP per capita, PPP
Oman
GDP per capita

GDP per capita, PPP
1x
Year Current $
Estonia Oman
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $34,418 - $19,947 -
2024 $31,428 $49,969 $20,285 $41,740
2023 $30,264 $48,637 $21,028 $41,945
2022 $28,340 $48,218 $23,224 $42,616
2021 $27,951 $44,252 $19,403 $38,719
2020 $23,934 $40,672 $16,785 $35,163
2019 $24,021 $40,586 $19,180 $37,251
2018 $23,618 $37,121 $19,902 $37,780
2017 $20,852 $34,507 $17,820 $33,619
2016 $18,666 $31,948 $17,110 $33,334
2015 $17,722 $29,713 $18,808 $36,058
2014 $20,582 $29,404 $23,161 $44,236
2013 $19,310 $27,831 $23,458 $47,013
2012 $17,568 $26,243 $24,642 $49,989
2011 $17,556 $24,652 $25,188 $52,393
2010 $14,664 $21,614 $23,570 $55,667
2009 $14,712 $20,489 $20,656 $55,127
2008 $18,206 $22,804 $26,577 $52,841
2007 $16,745 $22,201 $18,793 $48,627
2006 $12,641 $19,344 $16,931 $46,091
2005 $10,415 $16,638 $14,435 $43,673
2004 $8,916 $14,538 $11,801 $42,142
2003 $7,205 $13,135 $10,464 $40,935
2002 $5,343 $11,667 $9,869 $41,511
2001 $4,503 $10,309 $9,612 $41,679
2000 $4,071 $9,425 $9,754 $39,443
1999 $4,141 $8,412 $7,915 $36,792
1998 $4,093 $8,451 $7,219 $36,666
1997 $3,683 $7,980 $8,235 $36,809
1996 $3,381 $6,892 $8,068 $34,661
1995 $3,134 $6,480 $7,414 $33,598
1994 $2,819 $5,967 $7,068 $31,925
1993 $2,686 $5,814 $7,039 $30,987
1992 - $5,872 $7,318 $29,773
1991 - $7,151 $6,977 $28,109
1990 - $7,481 $7,546 $26,904
1989 - - $5,591 -
1988 - - $5,279 -
1987 - - $5,204 -
1986 - - $5,182 -
1985 - - $7,549 -
1984 - - $7,070 -
1983 - - $6,714 -
1982 - - $6,759 -
1981 - - $6,866 -
1980 - - $5,974 -
1979 - - $3,934 -
1978 - - $3,044 -
1977 - - $3,205 -
1976 - - $3,143 -
1975 - - $2,692 -
1974 - - $2,203 -
1973 - - $670 -
1972 - - $524 -
1971 - - $442 -
1970 - - $387 -
1969 - - $372 -
1968 - - $300 -
1967 - - $174.7 -
1966 - - $113.2 -
1965 - - $108.1 -
1964 - - $108.1 -
1963 - - $106.8 -
1962 - - $102.3 -
1961 - - $84.5 -
1960 - - $83.4 -

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

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

Estonia's GDP per capita is $34,418, ranking 37/197, compared to $19,947 in Oman, ranking 60/197. Adjusted for purchasing power (GDP per capita PPP), Estonia ranks 45th at $49,969, while Oman ranks 55th at $41,740.

Economic indicators

Estonia Oman
Gross domestic product
$47B
2025
$110B
2025
GDP rank
101/197
2025
70/197
2025
GDP growth
0.58%
2024-2025
2.4%
2024-2025
GDP per capita
$34,418
2025
$19,947
2025
GDP per capita rank
37/197
2025
60/197
2025
GDP per capita, PPP
$49,969
2024
$41,740
2024
GDP per capita PPP rank
45/197
2024
55/197
2024
Government debt
$11.4B
2025
$39.2B
2025
Debt-to-GDP ratio
24.2%
2025
35.8%
2025
Government debt per person
$8,325
2025
$7,132
2025
Government debt per person rank
67/185
2025
70/185
2025
Average annual personal income after taxes
$23,647
2026
$19,851
2026
Market capitalization of domestic companies n/a
$41.3B
2025
Number of billionaires
2
2026
2
2026
Income share by richest 10%
23.7%
2023
n/a
Income share by poorest 10%
3.1%
2023
n/a
Government expenditure, % of GDP
45.2%
2025
28.9%
2025
Consumer prices inflation
4.83%
2024-2025
1%
2024-2025
Central bank interest rate n/a
4.5%
2025
Unemployment rate
7.5%
2025
3.3%
2024
Population
1347027
5775345

Spending and national debt comparison by year

Estonia
Spending

Debt
Oman
Spending

Debt
1x
Year % of GDP
Estonia Oman
Government spending Government debt Government spending Government debt
2025 45.2% 24.2% 28.9% 35.8%
2024 43.6% 23.5% 28.7% 35.5%
2023 43.5% 20.2% 27.5% 37.4%
2022 40.1% 19.2% 31.1% 41.7%
2021 42.1% 18.4% 36.5% 61.9%
2020 44.7% 19.1% 44.5% 67.9%
2019 39.1% 9.05% 38.8% 52.5%
2018 38.8% 8.51% 38.3% 44.7%
2017 38.9% 9.43% 39.4% 40.1%
2016 38.9% 10.2% 44.6% 29.3%
2015 39.3% 10.8% 44.5% 13.9%
2014 37.6% 11.6% 41.4% 4.04%
2013 38.3% 11.4% 39.3% 4.66%
2012 39.4% 11.1% 38.6% 4.59%
2011 37.6% 7.6% 34.5% 4.44%
2010 40.7% 7.99% 30.6% 5.46%
2009 46.1% 7.98% 33.4% 5.8%
2008 39.5% 4.67% 25.6% 3.2%
2007 33.8% 3.91% 30.7% 4.44%
2006 33.5% 4.72% 30.1% 7.56%
2005 33.7% 4.73% 30.6% 8.39%
2004 34.1% 5.16% 34.1% 14.5%
2003 35% 5.6% 34% 13%
2002 35.9% 5.66% 34.1% 15.9%
2001 35.3% 4.93% 33.3% 22.5%
2000 36.4% 5.11% 31.2% 21.7%
1999 40.7% 5.93% 34.2% 28.9%
1998 38.9% 5.4% 36.1% 30.9%
1997 35.8% 6.03% 32.1% 20.8%
1996 38.6% 7.3% 33.5% 21.2%
1995 39.5% 8.66% 38.2% 21.9%
1994 - - 39.7% 23.6%
1993 - - 40.1% 22.2%
1992 - - 40.1% 23.1%
1991 - - 37.4% 22.6%
1990 - - 36.5% 17.8%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08).

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

In 2025, Estonia's government spending was $21.3B, accounting for 45.2% of its GDP, while Oman spent $31.7B, or 28.9% of GDP.

Debt-to-GDP ratio is 24.2% in Estonia and 35.8% in Oman, ranking 168/185 and 142/185, respectively.

Government deficit by year

Deficit/surplus
Estonia

Oman
1x
Year Deficit/surplus, % of GDP
Estonia Oman
2025 -1.33% 1.04%
2024 -1.54% 3.22%
2023 -3.07% 6.72%
2022 -1.08% 10.3%
2021 -2.57% -3.17%
2020 -5.42% -15.7%
2019 -0.11% -4.83%
2018 -1.15% -6.72%
2017 -1.07% -10.5%
2016 -0.62% -19.6%
2015 -0.24% -13.5%
2014 0.42% -1.58%
2013 -0.66% 2.78%
2012 -0.86% 4.07%
2011 0.09% 8.24%
2010 -1.09% 4.95%
2009 -3.43% -0.27%
2008 -2.92% 14.7%
2007 2.5% 10.5%
2006 2.71% 12.2%
2005 1.07% 11.2%
2004 2.29% 5.43%
2003 1.67% 5.92%
2002 0.29% 5.31%
2001 0.4% 7.55%
2000 -0.11% 12.2%
1999 -3.42% 0.3%
1998 0.65% -4.37%
1997 2.98% 4.77%
1996 -0.93% 2.22%
1995 -0.26% -3.9%
1994 - -7.47%
1993 - -6.84%
1992 - -4.85%
1991 - 0.12%
1990 - 4.78%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08).

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

In 2025, Estonia's government deficit, the difference between spending and revenue, was $626M, equivalent to 1.33% of GDP. This compares to Oman's surplus of $1.14B, or 1.04% of GDP.

Over the past 31 years, Estonia recorded a fiscal deficit in 20 of those years, while Oman ran a deficit in 11 years. On average, Estonia posted an annual deficit equal to 0.54% of GDP, compared to surplus of 1.6% of GDP for Oman.

Inflation comparison by year

Inflation
Estonia

Oman
1x
Year Consumer prices inflation
Estonia Oman
2025 4.83% 1%
2024 3.52% 0.6%
2023 9.16% 1%
2022 19.4% 2.5%
2021 4.65% 1.7%
2020 -0.44% -0.4%
2019 2.28% 0.5%
2018 3.44% 0.7%
2017 3.42% 1.5%
2016 0.15% 0.9%
2015 -0.49% 0.1%
2014 -0.11% 1.2%
2013 2.78% 1.3%
2012 3.93% 2.9%
2011 4.98% 4.1%
2010 2.97% 3.3%
2009 -0.08% 3.5%
2008 10.4% 12.6%
2007 6.6% 5.9%
2006 4.44% 3.2%
2005 4.08% 1.9%
2004 3.05% 0.8%
2003 1.33% 0.2%
2002 3.57% -0.3%
2001 5.75% -0.8%
2000 4.02% -1.2%
1999 3.3% 0.5%
1998 8.21% 0.4%
1997 10.6% -0.4%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2025, retrieved 2026-07-08); World Bank | Economy & Growth (1997–2025, retrieved 2026-07-08).

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

Over the past 29 years, Estonia has recorded an average annual inflation rate of 4.47%, compared with 1.7% in Oman. In 2025, inflation was 4.83% in Estonia and 1% in Oman.

Top exports between countries

Estonia
Export category Export value
Machinery & equipment $1.51M
Wood & paper products $794K
Raw materials & minerals $348K
Weapons & explosives $258K
Textiles & consumer goods $216K
Raw agricultural goods $204K
Processed food, beverages & tobacco $126K
Chemicals & pharma $111K
Metals $58K
Oman
Export category Export value
Metals $13.2M
Textiles & consumer goods $248K
Machinery & equipment $31K
Miscellaneous $3K
Raw materials & minerals $1K

Balance of trade

Estonia Oman
Current account balance
-$70M
2025
$3.07B
2024
Current account balance ranking
79/190
2025
37/190
2024
Current account balance, % of GDP
-0.15%
2025
+2.86%
2024
Goods imports
$24.4B
2025
$39.5B
2024
Goods exports
$21.2B
2025
$65.2B
2024
Service imports
$12B
2025
$12.8B
2024
Service exports
$15.6B
2025
$5.64B
2024
Imports of goods and services, % of GDP
77.4%
2025
48.8%
2024
Exports of goods and services, % of GDP
78.4%
2025
66.1%
2024

Economic freedom indices

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

Estonia Oman
Economic freedom 78.7 68.5
Economic freedom ranking 10/197 45/197
Property rights 93.6 71.8
Government integrity 86.3 49.4
Judicial effectiveness 92.4 28
Tax burden 77.9 97.6
Government spending 46 74.7
Fiscal health 93.1 97.5
Business freedom 82.8 67.8
Labor freedom 59 47.7
Monetary freedom 73.9 79.2
Trade freedom 79.4 78.4
Investment freedom 90 70
Financial freedom 70 60

Economic freedom comparison by year

Estonia
Oman
1x
Year Economic freedom index
Estonia Oman
2026 78.7 68.5
2025 78.9 65.4
2024 77.8 62.9
2023 78.6 58.5
2022 80 56.6
2021 78.2 64.6
2020 77.7 63.6
2019 76.6 61
2018 78.8 61
2017 79.1 62.1
2016 77.2 67.1
2015 76.8 66.7
2014 75.9 67.4
2013 75.3 68.1
2012 73.2 67.9
2011 75.2 69.8
2010 74.7 67.7
2009 76.4 67
2008 77.9 67.3
2007 78 65.8
2006 74.9 63.7
2005 75.2 66.5
2004 77.4 66.9
2003 77.7 64.6
2002 77.6 64
2001 76.1 67.7
2000 69.9 64.1
1999 73.8 64.9
1998 72.5 64.9
1997 69.1 64.5
1996 65.4 65.4
1995 65.2 70.2

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08).

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

The Economic Freedom Index for Estonia is 78.7, ranking 10/197, compared to 68.5 for Oman, ranking 45/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Estonia Oman
Services, % of GDP
65.8%
2025
47.2%
2025
Industry, % of GDP
19.7%
2025
52.7%
2025
Agriculture, forestry, and fishing, % of GDP
1.65%
2025
2.81%
2025
GNI, Atlas method
$44.2B
2025
$103B
2024
GNI per capita, PPP
$51,370
2025
$39,390
2024
Total reserves including gold
$2.44B
2025
$18.3B
2024
Total reserves ranking
124/177
2025
68/177
2024
Net foreign direct investment
$814M
2025
-$12.6B
2024
Net inflows of foreign direct investment
-$3.44B
2024
$12.5B
2024
Net outflows of foreign direct investment
-$3.72B
2024
-$143M
2024
Poverty at national poverty lines
22.5%
2022
n/a
Gross capital formation, % of GDP
24.8%
2025
24.8%
2024

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2025, retrieved 2026-07-08); U.S. Census Bureau (1985–2025, retrieved 2026-07-08).

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

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Data sources:

  1. World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08)
  3. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08)
  4. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
  5. TradeMap (2020–2025, retrieved 2026-07-08)
  6. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  7. LivingCost (2026, retrieved 2026-07-08)

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.

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.