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Economy of Estonia vs Slovenia compared: GDP & Debt

Updated on by Georank

Estonia has a GDP of $47B compared to $79.6B for Slovenia, ranking 101/197 and 86/197 by economy size, respectively.

Estonia has $11.4B in government debt (24.2% of GDP), compared to $52.5B (65.9% of GDP) in Slovenia.

Estonia vs Slovenia GDP by year

Estonia
Slovenia
1x
Year GDP, current $
Estonia Slovenia
2025 $47,030,833,799 $79,648,204,979
2024 $43,130,419,829 $72,972,015,197
2023 $41,470,344,395 $69,255,264,238
2022 $38,226,641,740 $59,899,117,741
2021 $37,201,101,171 $61,540,813,362
2020 $31,820,771,494 $53,384,760,135
2019 $31,873,748,770 $53,909,922,736
2018 $31,222,632,741 $53,689,067,640
2017 $27,469,461,919 $48,153,200,135
2016 $24,561,027,788 $44,290,685,824
2015 $23,311,847,751 $42,709,468,275
2014 $27,055,689,003 $49,514,466,380
2013 $25,451,032,781 $47,867,056,859
2012 $23,237,406,116 $46,167,053,954
2011 $23,303,915,795 $51,199,194,599
2010 $19,524,355,419 $47,793,117,241
2009 $19,633,984,440 $49,975,540,955
2008 $24,342,935,404 $55,509,332,322
2007 $22,450,264,166 $47,880,266,543
2006 $17,025,671,810 $39,260,368,837
2005 $14,109,491,357 $35,947,936,824
2004 $12,148,595,031 $34,156,553,313
2003 $9,876,595,528 $29,360,575,032
2002 $7,370,119,619 $23,214,593,516
2001 $6,250,218,423 $20,668,868,707
2000 $5,686,579,748 $20,159,190,702
1999 $5,756,912,266 $22,609,669,084
1998 $5,674,080,543 $22,058,635,314
1997 $5,154,420,649 $20,726,878,752
1996 $4,786,018,988 $21,470,699,363
1995 $4,502,970,889 $21,367,422,159
1994 $4,123,011,420 $16,400,767,070
1993 $4,013,091,682 $14,449,298,372
1992 - $14,277,261,541
1991 - $14,454,495,059
1990 - $19,832,029,087

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

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

GDP per capita in Estonia vs Slovenia by year

Estonia
GDP per capita

GDP per capita, PPP
Slovenia
GDP per capita

GDP per capita, PPP
1x
Year Current $
Estonia Slovenia
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $34,418 - $37,376 -
2024 $31,428 $49,969 $34,301 $57,186
2023 $30,264 $48,637 $32,660 $56,064
2022 $28,340 $48,218 $28,360 $52,347
2021 $27,951 $44,252 $29,193 $45,914
2020 $23,934 $40,672 $25,392 $41,767
2019 $24,021 $40,586 $25,814 $42,373
2018 $23,618 $37,121 $25,888 $38,620
2017 $20,852 $34,507 $23,303 $36,180
2016 $18,666 $31,948 $21,448 $33,575
2015 $17,722 $29,713 $20,697 $31,336
2014 $20,582 $29,404 $24,013 $30,572
2013 $19,310 $27,831 $23,237 $29,634
2012 $17,568 $26,243 $22,442 $28,787
2011 $17,556 $24,652 $24,941 $28,716
2010 $14,664 $21,614 $23,330 $27,579
2009 $14,712 $20,489 $24,502 $27,229
2008 $18,206 $22,804 $27,462 $29,461
2007 $16,745 $22,201 $23,725 $27,468
2006 $12,641 $19,344 $19,563 $25,571
2005 $10,415 $16,638 $17,970 $23,682
2004 $8,916 $14,538 $17,104 $22,588
2003 $7,205 $13,135 $14,712 $20,916
2002 $5,343 $11,667 $11,639 $20,004
2001 $4,503 $10,309 $10,376 $18,763
2000 $4,071 $9,425 $10,136 $17,892
1999 $4,141 $8,412 $11,401 $17,007
1998 $4,093 $8,451 $11,132 $15,994
1997 $3,683 $7,980 $10,437 $15,257
1996 $3,381 $6,892 $10,797 $14,284
1995 $3,134 $6,480 $10,738 $13,637
1994 $2,819 $5,967 $8,244 $13,975
1993 $2,686 $5,814 $7,255 $12,976
1992 - $5,872 $7,151 $12,296
1991 - $7,151 $7,229 $12,698
1990 - $7,481 $9,925 $13,491

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

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

Estonia's GDP per capita is $34,418, ranking 37/197, compared to $37,376 in Slovenia, ranking 32/197. Adjusted for purchasing power (GDP per capita PPP), Estonia ranks 45th at $49,969, while Slovenia ranks 37th at $57,186.

Economic indicators

Estonia Slovenia
Gross domestic product
$47B
2025
$79.6B
2025
GDP rank
101/197
2025
86/197
2025
GDP growth
0.58%
2024-2025
1.06%
2024-2025
GDP per capita
$34,418
2025
$37,376
2025
GDP per capita rank
37/197
2025
32/197
2025
GDP per capita, PPP
$49,969
2024
$57,186
2024
GDP per capita PPP rank
45/197
2024
37/197
2024
Government debt
$11.4B
2025
$52.5B
2025
Debt-to-GDP ratio
24.2%
2025
65.9%
2025
Government debt per person
$8,325
2025
$24,627
2025
Government debt per person rank
67/185
2025
29/185
2025
Average annual personal income after taxes
$23,647
2026
$22,481
2026
Market capitalization of domestic companies n/a
$20.7B
2025
Number of billionaires
2
2026
n/a
Income share by richest 10%
23.7%
2023
20.6%
2023
Income share by poorest 10%
3.1%
2023
4.1%
2023
Government expenditure, % of GDP
45.2%
2025
48.5%
2025
Consumer prices inflation
4.83%
2024-2025
2.37%
2024-2025
Unemployment rate
7.5%
2025
3.9%
2025
Population
1347027
2128778

Spending and national debt comparison by year

Estonia
Spending

Debt
Slovenia
Spending

Debt
1x
Year % of GDP
Estonia Slovenia
Government spending Government debt Government spending Government debt
2025 45.2% 24.2% 48.5% 65.9%
2024 43.6% 23.5% 46.5% 66.6%
2023 43.5% 20.2% 46.5% 68.3%
2022 40.1% 19.2% 47.7% 72.8%
2021 42.1% 18.4% 49.9% 74.8%
2020 44.7% 19.1% 51.8% 80.2%
2019 39.1% 9.05% 43.8% 66%
2018 38.8% 8.51% 44.1% 71%
2017 38.9% 9.43% 44.6% 74.9%
2016 38.9% 10.2% 46.9% 79.4%
2015 39.3% 10.8% 49.5% 83.4%
2014 37.6% 11.6% 50.6% 81.1%
2013 38.3% 11.4% 57.7% 70.8%
2012 39.4% 11.1% 50% 54.1%
2011 37.6% 7.6% 51.4% 46.8%
2010 40.7% 7.99% 50.7% 38.6%
2009 46.1% 7.98% 50% 34.9%
2008 39.5% 4.67% 45.2% 21.9%
2007 33.8% 3.91% 43.5% 22.9%
2006 33.5% 4.72% 45.7% 26.2%
2005 33.7% 4.73% 46.7% 26.6%
2004 34.1% 5.16% 46.9% 27.1%
2003 35% 5.6% 47.6% 27%
2002 35.9% 5.66% 47.8% 27.7%
2001 35.3% 4.93% 49.2% 26.3%
2000 36.4% 5.11% 47.8% 26.1%
1999 40.7% 5.93% 47.2% 23.8%
1998 38.9% 5.4% 46.4% 22.8%
1997 35.8% 6.03% 45.4% 22.1%
1996 38.6% 7.3% 45.2% 21.6%
1995 39.5% 8.66% 53% 18.2%

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

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

In 2025, Estonia's government spending was $21.3B, accounting for 45.2% of its GDP, while Slovenia spent $38.6B, or 48.5% of GDP.

Debt-to-GDP ratio is 24.2% in Estonia and 65.9% in Slovenia, ranking 168/185 and 65/185, respectively.

Government deficit by year

Deficit/surplus
Estonia

Slovenia
1x
Year Deficit/surplus, % of GDP
Estonia Slovenia
2025 -1.33% -2.35%
2024 -1.54% -0.94%
2023 -3.07% -2.58%
2022 -1.08% -3.01%
2021 -2.57% -4.61%
2020 -5.42% -7.68%
2019 -0.11% 0.68%
2018 -1.15% 0.9%
2017 -1.07% 0.05%
2016 -0.62% -2%
2015 -0.24% -2.84%
2014 0.42% -4.53%
2013 -0.66% -11.2%
2012 -0.86% -4.2%
2011 0.09% -6.69%
2010 -1.09% -5.56%
2009 -3.43% -5.87%
2008 -2.92% -1.44%
2007 2.5% -0.08%
2006 2.71% -1.26%
2005 1.07% -1.38%
2004 2.29% -1.98%
2003 1.67% -2.66%
2002 0.29% -2.47%
2001 0.4% -4.58%
2000 -0.11% -3.77%
1999 -3.42% -3.04%
1998 0.65% -2.39%
1997 2.98% -2.37%
1996 -0.93% -1.16%
1995 -0.26% -8.19%

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

GeoRank.org/economy/estonia/slovenia | 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 Slovenia's deficit of $1.87B, or 2.35% of GDP.

Over the past 31 years, Estonia recorded a fiscal deficit in 20 of those years, while Slovenia ran a deficit in 28 years. On average, Estonia posted an annual deficit equal to 0.54% of GDP, compared to deficit of 3.2% of GDP for Slovenia.

Inflation comparison by year

Inflation
Estonia

Slovenia
1x
Year Consumer prices inflation
Estonia Slovenia
2025 4.83% 2.37%
2024 3.52% 1.97%
2023 9.16% 7.45%
2022 19.4% 8.83%
2021 4.65% 1.92%
2020 -0.44% -0.05%
2019 2.28% 1.63%
2018 3.44% 1.74%
2017 3.42% 1.43%
2016 0.15% -0.05%
2015 -0.49% -0.53%
2014 -0.11% 0.2%
2013 2.78% 1.77%
2012 3.93% 2.6%
2011 4.98% 1.8%
2010 2.97% 1.8%
2009 -0.08% 0.84%
2008 10.4% 5.65%
2007 6.6% 3.66%
2006 4.44% 2.46%
2005 4.08% 2.45%
2004 3.05% 3.59%
2003 1.33% 5.54%
2002 3.57% 7.48%
2001 5.75% 8.38%
2000 4.02% 8.91%
1999 3.3% 6.16%
1998 8.21% 7.89%
1997 10.6% 8.36%

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

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

Over the past 29 years, Estonia has recorded an average annual inflation rate of 4.47%, compared with 3.66% in Slovenia. In 2025, inflation was 4.83% in Estonia and 2.37% in Slovenia.

Top exports between countries

Estonia
Export category Export value
Machinery & equipment $11.6M
Transport & tourism services $5.84M
Wood & paper products $4.28M
Chemicals & pharma $3.37M
Business & finance services $3.36M
IT & IP services $3.25M
Metals $3.01M
Animal & marine products $2.56M
Processed food, beverages & tobacco $1.57M
Textiles & consumer goods $808K
Slovenia
Export category Export value
Chemicals & pharma $77.9M
Machinery & equipment $18.8M
Business & finance services $10.4M
Textiles & consumer goods $7.04M
Transport & tourism services $6.28M
Metals $4.88M
Processed food, beverages & tobacco $3.18M
Manufacturing & construction services $3.15M
Wood & paper products $1.36M
IT & IP services $649K

Balance of trade

Estonia Slovenia
Current account balance
-$70M
2025
$2.83B
2025
Current account balance ranking
79/190
2025
39/190
2025
Current account balance, % of GDP
-0.15%
2025
+3.55%
2025
Goods imports
$24.4B
2025
$47.9B
2025
Goods exports
$21.2B
2025
$47.7B
2025
Service imports
$12B
2025
$10.8B
2025
Service exports
$15.6B
2025
$15.3B
2025
Imports of goods and services, % of GDP
77.4%
2025
73.3%
2025
Exports of goods and services, % of GDP
78.4%
2025
78.6%
2025

Economic freedom indices

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

Estonia Slovenia
Economic freedom 78.7 69.7
Economic freedom ranking 10/197 40/197
Property rights 93.6 87.6
Government integrity 86.3 66.1
Judicial effectiveness 92.4 91.6
Tax burden 77.9 55.5
Government spending 46 34.1
Fiscal health 93.1 83.5
Business freedom 82.8 78.7
Labor freedom 59 62.7
Monetary freedom 73.9 77.5
Trade freedom 79.4 79.4
Investment freedom 90 70
Financial freedom 70 50

Economic freedom comparison by year

Estonia
Slovenia
1x
Year Economic freedom index
Estonia Slovenia
2026 78.7 69.7
2025 78.9 68.3
2024 77.8 65.9
2023 78.6 68.5
2022 80 70.5
2021 78.2 68.3
2020 77.7 67.8
2019 76.6 65.5
2018 78.8 64.8
2017 79.1 59.2
2016 77.2 60.6
2015 76.8 60.3
2014 75.9 62.7
2013 75.3 61.7
2012 73.2 62.9
2011 75.2 64.6
2010 74.7 64.7
2009 76.4 62.9
2008 77.9 60.2
2007 78 59.6
2006 74.9 61.9
2005 75.2 59.6
2004 77.4 59.2
2003 77.7 57.7
2002 77.6 57.8
2001 76.1 61.8
2000 69.9 58.3
1999 73.8 61.3
1998 72.5 60.7
1997 69.1 55.6
1996 65.4 50.4
1995 65.2 -

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

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

The Economic Freedom Index for Estonia is 78.7, ranking 10/197, compared to 69.7 for Slovenia, ranking 40/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Estonia Slovenia
Services, % of GDP
65.8%
2025
58.6%
2025
Industry, % of GDP
19.7%
2025
28.3%
2025
Agriculture, forestry, and fishing, % of GDP
1.65%
2025
1.63%
2025
GNI, Atlas method
$44.2B
2025
$75.7B
2025
GNI per capita, PPP
$51,370
2025
$58,880
2025
Total reserves including gold
$2.44B
2025
$3.55B
2025
Total reserves ranking
124/177
2025
115/177
2025
Net foreign direct investment
$814M
2025
-$738M
2025
Net inflows of foreign direct investment
-$3.44B
2024
$1.87B
2024
Net outflows of foreign direct investment
-$3.72B
2024
$1.46B
2024
Poverty at national poverty lines
22.5%
2022
12.7%
2022
Gross capital formation, % of GDP
24.8%
2025
22%
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/slovenia | 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. TradeMap (2024–2025, 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.