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Economy of Estonia vs Poland compared: GDP & Debt

Updated on by Georank

Estonia has a GDP of $47B compared to $1.04T for Poland, ranking 101/197 and 21/197 by economy size, respectively.

Estonia has $11.4B in government debt (24.2% of GDP), compared to $609B (58.8% of GDP) in Poland.

Estonia vs Poland GDP by year

Estonia
Poland
1x
Year GDP, current $
Estonia Poland
2025 $47,030,833,799 $1,035,491,784,197
2024 $43,130,419,829 $917,767,106,147
2023 $41,470,344,395 $812,451,193,396
2022 $38,226,641,740 $695,607,470,875
2021 $37,201,101,171 $689,170,230,665
2020 $31,820,771,494 $605,914,237,904
2019 $31,873,748,770 $602,683,770,145
2018 $31,222,632,741 $594,616,632,477
2017 $27,469,461,919 $528,356,723,263
2016 $24,561,027,788 $473,259,623,976
2015 $23,311,847,751 $480,054,118,583
2014 $27,055,689,003 $542,134,167,179
2013 $25,451,032,781 $518,179,836,405
2012 $23,237,406,116 $498,148,649,703
2011 $23,303,915,795 $527,848,543,023
2010 $19,524,355,419 $478,111,630,684
2009 $19,633,984,440 $440,891,472,247
2008 $24,342,935,404 $535,612,030,672
2007 $22,450,264,166 $429,715,132,138
2006 $17,025,671,810 $345,897,630,736
2005 $14,109,491,357 $306,999,913,151
2004 $12,148,595,031 $256,268,656,145
2003 $9,876,595,528 $218,561,225,998
2002 $7,370,119,619 $199,694,463,256
2001 $6,250,218,423 $191,823,200,371
2000 $5,686,579,748 $172,953,527,033
1999 $5,756,912,266 $170,704,452,715
1998 $5,674,080,543 $175,282,269,667
1997 $5,154,420,649 $159,893,964,917
1996 $4,786,018,988 $160,813,026,223
1995 $4,502,970,889 $142,838,527,115
1994 $4,123,011,420 $110,803,635,288
1993 $4,013,091,682 $96,043,157,273
1992 - $94,337,050,693
1991 - $85,500,935,935
1990 - $65,977,748,211

Data sources: World Bank | Economy & Growth (1990–2025, retrieved 2026-07-08).

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

GDP per capita in Estonia vs Poland by year

Estonia
GDP per capita

GDP per capita, PPP
Poland
GDP per capita

GDP per capita, PPP
1x
Year Current $
Estonia Poland
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $34,418 - $28,420 -
2024 $31,428 $49,969 $25,104 $51,263
2023 $30,264 $48,637 $22,145 $48,473
2022 $28,340 $48,218 $18,891 $46,778
2021 $27,951 $44,252 $18,636 $41,060
2020 $23,934 $40,672 $16,151 $37,089
2019 $24,021 $40,586 $15,875 $35,882
2018 $23,618 $37,121 $15,658 $32,345
2017 $20,852 $34,507 $13,913 $30,170
2016 $18,666 $31,948 $12,464 $28,360
2015 $17,722 $29,713 $12,638 $26,988
2014 $20,582 $29,404 $14,262 $25,460
2013 $19,310 $27,831 $13,622 $24,434
2012 $17,568 $26,243 $13,087 $23,728
2011 $17,556 $24,652 $13,868 $22,809
2010 $14,664 $21,614 $12,568 $20,991
2009 $14,712 $20,489 $11,556 $19,300
2008 $18,206 $22,804 $14,049 $18,372
2007 $16,745 $22,201 $11,273 $16,833
2006 $12,641 $19,344 $9,069 $15,205
2005 $10,415 $16,638 $8,044 $13,936
2004 $8,916 $14,538 $6,712 $13,413
2003 $7,205 $13,135 $5,721 $12,329
2002 $5,343 $11,667 $5,223 $11,841
2001 $4,503 $10,309 $5,015 $11,175
2000 $4,071 $9,425 $4,521 $10,721
1999 $4,141 $8,412 $4,416 $10,081
1998 $4,093 $8,451 $4,534 $9,521
1997 $3,683 $7,980 $4,137 $8,967
1996 $3,381 $6,892 $4,164 $8,310
1995 $3,134 $6,480 $3,701 $7,715
1994 $2,819 $5,967 $2,875 $7,040
1993 $2,686 $5,814 $2,497 $6,560
1992 - $5,872 $2,459 $6,193
1991 - $7,151 $2,236 $5,925
1990 - $7,481 $1,731 $6,185

Data sources: World Bank | Economy & Growth (1990–2025, retrieved 2026-07-08).

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

Estonia's GDP per capita is $34,418, ranking 37/197, compared to $28,420 in Poland, ranking 47/197. Adjusted for purchasing power (GDP per capita PPP), Estonia ranks 45th at $49,969, while Poland ranks 43rd at $51,263.

Economic indicators

Estonia Poland
Gross domestic product
$47B
2025
$1.04T
2025
GDP rank
101/197
2025
21/197
2025
GDP growth
0.58%
2024-2025
3.57%
2024-2025
GDP per capita
$34,418
2025
$28,420
2025
GDP per capita rank
37/197
2025
47/197
2025
GDP per capita, PPP
$49,969
2024
$51,263
2024
GDP per capita PPP rank
45/197
2024
43/197
2024
Government debt
$11.4B
2025
$609B
2025
Debt-to-GDP ratio
24.2%
2025
58.8%
2025
Government debt per person
$8,325
2025
$16,712
2025
Government debt per person rank
67/185
2025
39/185
2025
Average annual personal income after taxes
$23,647
2026
$20,616
2026
Market capitalization of domestic companies n/a
$316B
2025
Number of millionaires n/a
101,000
2026
Number of billionaires
2
2026
10
2026
Income share by richest 10%
23.7%
2023
22.9%
2023
Income share by poorest 10%
3.1%
2023
3.3%
2023
Government expenditure, % of GDP
45.2%
2025
50%
2025
Consumer prices inflation
4.83%
2024-2025
3.81%
2024-2025
Central bank interest rate n/a
3.75%
2026
Unemployment rate
7.5%
2025
3.02%
2025
Population
1347027
36007074

Spending and national debt comparison by year

Estonia
Spending

Debt
Poland
Spending

Debt
1x
Year % of GDP
Estonia Poland
Government spending Government debt Government spending Government debt
2025 45.2% 24.2% 50% 58.8%
2024 43.6% 23.5% 49.4% 55.1%
2023 43.5% 20.2% 46.9% 49.5%
2022 40.1% 19.2% 43.2% 48.8%
2021 42.1% 18.4% 43.6% 53%
2020 44.7% 19.1% 47.7% 56.6%
2019 39.1% 9.05% 41.4% 45.2%
2018 38.8% 8.51% 41% 48.2%
2017 38.9% 9.43% 41.1% 50.4%
2016 38.9% 10.2% 41.1% 54.1%
2015 39.3% 10.8% 41.5% 51.1%
2014 37.6% 11.6% 42.7% 51.1%
2013 38.3% 11.4% 43.2% 56.9%
2012 39.4% 11.1% 43.2% 54.5%
2011 37.6% 7.6% 44.1% 54.8%
2010 40.7% 7.99% 46% 53.7%
2009 46.1% 7.98% 44.9% 49.7%
2008 39.5% 4.67% 44% 46.6%
2007 33.8% 3.91% 42.8% 44.4%
2006 33.5% 4.72% 44.3% 47.1%
2005 33.7% 4.73% 44.1% 46.5%
2004 34.1% 5.16% 43.4% 45%
2003 35% 5.6% 45.3% 46.2%
2002 35.9% 5.66% 44.9% 41.4%
2001 35.3% 4.93% 44.6% 37%
2000 36.4% 5.11% 42.9% 36.3%
1999 40.7% 5.93% 42.4% 39.2%
1998 38.9% 5.4% 43.9% 38.6%
1997 35.8% 6.03% 46% 42.6%
1996 38.6% 7.3% 50.6% 43%
1995 39.5% 8.66% 47.3% 48.6%
1994 - - - 64.3%
1993 - - - 83.9%
1992 - - - 81.9%
1991 - - - 76.9%
1990 - - - 89.7%
1989 - - - -
1988 - - - -
1987 - - - -
1986 - - - -
1985 - - - -
1984 - - - -
1983 - - - -
1982 - - - -
1981 - - - -
1980 - - - -
1979 - - 35.6% -
1978 - - 35.8% -
1977 - - 35.6% -
1976 - - 34.8% -
1975 - - 34.1% -
1974 - - 28.6% -
1973 - - 24.5% -
1972 - - 24.1% -
1971 - - 24.1% -
1970 - - 25.8% -
1969 - - 26.3% -
1968 - - 27.3% -
1967 - - 29.6% -
1966 - - 31.7% -
1965 - - 31.8% -
1964 - - 33.5% -
1963 - - 33.3% -
1962 - - 43% -
1961 - - 42.8% -
1960 - - 39.2% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1995–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1994, retrieved 2026-07-08).

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

In 2025, Estonia's government spending was $21.3B, accounting for 45.2% of its GDP, while Poland spent $517B, or 50% of GDP.

Debt-to-GDP ratio is 24.2% in Estonia and 58.8% in Poland, ranking 168/185 and 81/185, respectively.

Government deficit by year

Deficit/surplus
Estonia

Poland
1x
Year Deficit/surplus, % of GDP
Estonia Poland
2025 -1.33% -7.01%
2024 -1.54% -6.48%
2023 -3.07% -5.2%
2022 -1.08% -3.37%
2021 -2.57% -1.68%
2020 -5.42% -6.85%
2019 -0.11% -0.73%
2018 -1.15% -0.24%
2017 -1.07% -1.49%
2016 -0.62% -2.38%
2015 -0.24% -2.59%
2014 0.42% -3.66%
2013 -0.66% -4.25%
2012 -0.86% -3.8%
2011 0.09% -4.97%
2010 -1.09% -7.43%
2009 -3.43% -7.24%
2008 -2.92% -3.6%
2007 2.5% -1.88%
2006 2.71% -3.53%
2005 1.07% -3.93%
2004 2.29% -5%
2003 1.67% -6%
2002 0.29% -4.79%
2001 0.4% -4.71%
2000 -0.11% -3.98%
1999 -3.42% -2.29%
1998 0.65% -4.24%
1997 2.98% -4.59%
1996 -0.93% -4.82%
1995 -0.26% -4.38%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1995–2025, retrieved 2026-07-08).

GeoRank.org/economy/estonia/poland | 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 Poland's deficit of $72.6B, or 7.01% of GDP.

Over the past 31 years, Estonia recorded a fiscal deficit in 20 of those years, while Poland ran a deficit in 31 years. On average, Estonia posted an annual deficit equal to 0.54% of GDP, compared to deficit of 4.1% of GDP for Poland.

Inflation comparison by year

Inflation
Estonia

Poland
1x
Year Consumer prices inflation
Estonia Poland
2025 4.83% 3.81%
2024 3.52% 3.79%
2023 9.16% 11.5%
2022 19.4% 14.4%
2021 4.65% 5.06%
2020 -0.44% 3.37%
2019 2.28% 2.23%
2018 3.44% 1.81%
2017 3.42% 2.08%
2016 0.15% -0.66%
2015 -0.49% -0.87%
2014 -0.11% 0.05%
2013 2.78% 0.99%
2012 3.93% 3.56%
2011 4.98% 4.24%
2010 2.97% 2.58%
2009 -0.08% 3.8%
2008 10.4% 4.16%
2007 6.6% 2.46%
2006 4.44% 1.28%
2005 4.08% 2.18%
2004 3.05% 3.38%
2003 1.33% 0.68%
2002 3.57% 1.91%
2001 5.75% 5.41%
2000 4.02% 9.9%
1999 3.3% 7.15%
1998 8.21% 11.6%
1997 10.6% 14.9%

Data sources: World Bank | Economy & Growth (1997–2025, retrieved 2026-07-08).

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

Over the past 29 years, Estonia has recorded an average annual inflation rate of 4.47%, compared with 4.37% in Poland. In 2025, inflation was 4.83% in Estonia and 3.81% in Poland.

Top exports between countries

Estonia
Export category Export value
Machinery & equipment $349M
Wood & paper products $142M
Business & finance services $113M
Transport & tourism services $112M
Chemicals & pharma $90.7M
Textiles & consumer goods $87.7M
Animal & marine products $68.4M
IT & IP services $59.5M
Metals $51.8M
Processed food, beverages & tobacco $49.2M
Poland
Export category Export value
Machinery & equipment $575M
Chemicals & pharma $356M
Textiles & consumer goods $265M
Metals $233M
Processed food, beverages & tobacco $163M
Transport & tourism services $129M
Business & finance services $106M
Animal & marine products $98.4M
Raw materials & minerals $92.9M
Wood & paper products $81.3M

Balance of trade

Estonia Poland
Current account balance
-$70M
2025
-$9.05B
2025
Current account balance ranking
79/190
2025
172/190
2025
Current account balance, % of GDP
-0.15%
2025
-0.87%
2025
Goods imports
$24.4B
2025
$406B
2025
Goods exports
$21.2B
2025
$390B
2025
Service imports
$12B
2025
$86.5B
2025
Service exports
$15.6B
2025
$131B
2025
Imports of goods and services, % of GDP
77.4%
2025
47.1%
2025
Exports of goods and services, % of GDP
78.4%
2025
50%
2025

Economic freedom indices

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

Estonia Poland
Economic freedom 78.7 68.5
Economic freedom ranking 10/197 46/197
Property rights 93.6 71.8
Government integrity 86.3 60.7
Judicial effectiveness 92.4 62.5
Tax burden 77.9 72.7
Government spending 46 35.1
Fiscal health 93.1 74.8
Business freedom 82.8 77.5
Labor freedom 59 53.7
Monetary freedom 73.9 73.8
Trade freedom 79.4 79.4
Investment freedom 90 80
Financial freedom 70 80

Economic freedom comparison by year

Estonia
Poland
1x
Year Economic freedom index
Estonia Poland
2026 78.7 68.5
2025 78.9 67.1
2024 77.8 66
2023 78.6 67.7
2022 80 68.7
2021 78.2 69.7
2020 77.7 69.1
2019 76.6 67.8
2018 78.8 68.5
2017 79.1 68.3
2016 77.2 69.3
2015 76.8 68.6
2014 75.9 67
2013 75.3 66
2012 73.2 64.2
2011 75.2 64.1
2010 74.7 63.2
2009 76.4 60.3
2008 77.9 60.3
2007 78 58.1
2006 74.9 59.3
2005 75.2 59.6
2004 77.4 58.7
2003 77.7 61.8
2002 77.6 65
2001 76.1 61.8
2000 69.9 60
1999 73.8 59.6
1998 72.5 59.2
1997 69.1 56.8
1996 65.4 57.8
1995 65.2 50.7

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

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

The Economic Freedom Index for Estonia is 78.7, ranking 10/197, compared to 68.5 for Poland, ranking 46/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Estonia Poland
Services, % of GDP
65.8%
2025
59.7%
2025
Industry, % of GDP
19.7%
2025
25.8%
2025
Agriculture, forestry, and fishing, % of GDP
1.65%
2025
2.45%
2025
GNI, Atlas method
$44.2B
2025
$930B
2025
GNI per capita, PPP
$51,370
2025
$52,290
2025
Total reserves including gold
$2.44B
2025
$272B
2025
Total reserves ranking
124/177
2025
16/177
2025
Net foreign direct investment
$814M
2025
-$11.7B
2025
Net inflows of foreign direct investment
-$3.44B
2024
$20.6B
2024
Net outflows of foreign direct investment
-$3.72B
2024
$10B
2024
Poverty at national poverty lines
22.5%
2022
13.3%
2024
Gross capital formation, % of GDP
24.8%
2025
17.9%
2025

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/poland | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1985–2025, retrieved 2026-07-08)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1995–2025, 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. International Monetary Fund (IMF) | Public Finances in Modern History (1960–1994, retrieved 2026-07-08)
  6. TradeMap (2024–2025, retrieved 2026-07-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  8. 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.