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Economy of Estonia vs Tajikistan compared: GDP & Debt

Updated on by Georank

Estonia has a GDP of $47B compared to $17.7B for Tajikistan, ranking 101/197 and 140/197 by economy size, respectively.

Estonia has $11.4B in government debt (24.2% of GDP), compared to $3.82B (21.6% of GDP) in Tajikistan.

Estonia vs Tajikistan GDP by year

Estonia
Tajikistan
1x
Year GDP, current $
Estonia Tajikistan
2025 $47,030,833,799 $17,660,626,562
2024 $43,130,419,829 $14,425,113,700
2023 $41,470,344,395 $12,244,169,293
2022 $38,226,641,740 $10,713,525,200
2021 $37,201,101,171 $8,937,805,347
2020 $31,820,771,494 $8,133,963,551
2019 $31,873,748,770 $8,300,813,599
2018 $31,222,632,741 $7,764,999,999
2017 $27,469,461,919 $7,536,402,853
2016 $24,561,027,788 $6,992,416,097
2015 $23,311,847,751 $8,271,431,485
2014 $27,055,689,003 $9,112,605,459
2013 $25,451,032,781 $8,448,411,318
2012 $23,237,406,116 $7,633,036,903
2011 $23,303,915,795 $6,522,756,255
2010 $19,524,355,419 $5,642,221,099
2009 $19,633,984,440 $4,979,472,364
2008 $24,342,935,404 $5,161,299,725
2007 $22,450,264,166 $3,719,524,541
2006 $17,025,671,810 $2,830,213,849
2005 $14,109,491,357 $2,312,352,021
2004 $12,148,595,031 $2,076,176,869
2003 $9,876,595,528 $1,555,318,261
2002 $7,370,119,619 $1,221,106,220
2001 $6,250,218,423 $1,080,772,551
2000 $5,686,579,748 $860,541,842
1999 $5,756,912,266 $1,086,612,290
1998 $5,674,080,543 $1,320,199,582
1997 $5,154,420,649 $921,518,033
1996 $4,786,018,988 $1,043,654,822
1995 $4,502,970,889 $1,231,561,860
1994 $4,123,011,420 $1,522,001,206
1993 $4,013,091,682 $1,646,623,195
1992 - $1,908,554,572
1991 - $2,536,585,366
1990 - $2,629,395,066

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

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

GDP per capita in Estonia vs Tajikistan by year

Estonia
GDP per capita

GDP per capita, PPP
Tajikistan
GDP per capita

GDP per capita, PPP
1x
Year Current $
Estonia Tajikistan
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $34,418 - $1,637 -
2024 $31,428 $49,969 $1,362 $5,406
2023 $30,264 $48,637 $1,178 $4,964
2022 $28,340 $48,218 $1,052 $4,514
2021 $27,951 $44,252 $897 $3,986
2020 $23,934 $40,672 $834 $3,654
2019 $24,021 $40,586 $871 $3,460
2018 $23,618 $37,121 $834 $3,069
2017 $20,852 $34,507 $829 $3,017
2016 $18,666 $31,948 $789 $2,914
2015 $17,722 $29,713 $957 $2,975
2014 $20,582 $29,404 $1,082 $3,152
2013 $19,310 $27,831 $1,028 $2,919
2012 $17,568 $26,243 $952 $2,679
2011 $17,556 $24,652 $834 $2,456
2010 $14,664 $21,614 $737 $2,291
2009 $14,712 $20,489 $665 $2,171
2008 $18,206 $22,804 $703 $2,120
2007 $16,745 $22,201 $517 $1,966
2006 $12,641 $19,344 $401 $1,810
2005 $10,415 $16,638 $334 $1,673
2004 $8,916 $14,538 $306 $1,550
2003 $7,205 $13,135 $233.6 $1,396
2002 $5,343 $11,667 $187 $1,257
2001 $4,503 $10,309 $168.7 $1,139
2000 $4,071 $9,425 $136.9 $1,036
1999 $4,141 $8,412 $175 $947
1998 $4,093 $8,451 $213.7 $905
1997 $3,683 $7,980 $150.1 $855
1996 $3,381 $6,892 $172 $836
1995 $3,134 $6,480 $207 $1,006
1994 $2,819 $5,967 $261.3 $1,148
1993 $2,686 $5,814 $287.6 $1,454
1992 - $5,872 $338 $1,721
1991 - $7,151 $458 $2,417
1990 - $7,481 $487 $2,583

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

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

Estonia's GDP per capita is $34,418, ranking 37/197, compared to $1,637 in Tajikistan, ranking 163/197. Adjusted for purchasing power (GDP per capita PPP), Estonia ranks 45th at $49,969, while Tajikistan ranks 157th at $5,406.

Economic indicators

Estonia Tajikistan
Gross domestic product
$47B
2025
$17.7B
2025
GDP rank
101/197
2025
140/197
2025
GDP growth
0.58%
2024-2025
8.4%
2024-2025
GDP per capita
$34,418
2025
$1,637
2025
GDP per capita rank
37/197
2025
163/197
2025
GDP per capita, PPP
$49,969
2024
$5,406
2024
GDP per capita PPP rank
45/197
2024
157/197
2024
Government debt
$11.4B
2025
$3.82B
2025
Debt-to-GDP ratio
24.2%
2025
21.6%
2025
Government debt per person
$8,325
2025
$354
2025
Government debt per person rank
67/185
2025
174/185
2025
Average annual personal income after taxes
$23,647
2026
$1,705
2026
Number of billionaires
2
2026
n/a
Income share by richest 10%
23.7%
2023
28.2%
2024
Income share by poorest 10%
3.1%
2023
2.9%
2024
Government expenditure, % of GDP
45.2%
2025
29.3%
2025
Consumer prices inflation
4.83%
2024-2025
3.4%
2024-2025
Central bank interest rate n/a
7%
2026
Unemployment rate
7.5%
2025
0.08%
2016
Population
1347027
11080415

Spending and national debt comparison by year

Estonia
Spending

Debt
Tajikistan
Spending

Debt
1x
Year % of GDP
Estonia Tajikistan
Government spending Government debt Government spending Government debt
2025 45.2% 24.2% 29.3% 21.6%
2024 43.6% 23.5% 27.2% 24.9%
2023 43.5% 20.2% 28% 29.9%
2022 40.1% 19.2% 27.4% 31.8%
2021 42.1% 18.4% 27.6% 42%
2020 44.7% 19.1% 29.2% 50.9%
2019 39.1% 9.05% 28.8% 43.2%
2018 38.8% 8.51% 30.9% 46.3%
2017 38.9% 9.43% 33.8% 46.3%
2016 38.9% 10.2% 32.7% 42.2%
2015 39.3% 10.8% 31.9% 35%
2014 37.6% 11.6% 27.5% 27.9%
2013 38.3% 11.4% 27.7% 29.3%
2012 39.4% 11.1% 24.7% 32.5%
2011 37.6% 7.6% 24.3% 35.5%
2010 40.7% 7.99% 25.9% 36.8%
2009 46.1% 7.98% 23.6% 36.9%
2008 39.5% 4.67% 20.2% 30.2%
2007 33.8% 3.91% 20.3% 34.3%
2006 33.5% 4.72% 21.6% 36.8%
2005 33.7% 4.73% 22.9% 45.8%
2004 34.1% 5.16% 20.2% 49.4%
2003 35% 5.6% 19.1% 69.8%
2002 35.9% 5.66% 19.1% 98.3%
2001 35.3% 4.93% 17.3% 99.4%
2000 36.4% 5.11% 18.1% 111.4%
1999 40.7% 5.93% 17.5% 107.8%
1998 38.9% 5.4% 17.1% 96.6%
1997 35.8% 6.03% - -
1996 38.6% 7.3% - -
1995 39.5% 8.66% - -

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

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

In 2025, Estonia's government spending was $21.3B, accounting for 45.2% of its GDP, while Tajikistan spent $5.17B, or 29.3% of GDP.

Debt-to-GDP ratio is 24.2% in Estonia and 21.6% in Tajikistan, ranking 168/185 and 171/185, respectively.

Government deficit by year

Deficit/surplus
Estonia

Tajikistan
1x
Year Deficit/surplus, % of GDP
Estonia Tajikistan
2025 -1.33% -1.79%
2024 -1.54% 0.32%
2023 -3.07% -0.92%
2022 -1.08% -0.23%
2021 -2.57% -0.64%
2020 -5.42% -4.34%
2019 -0.11% -2.04%
2018 -1.15% -2.69%
2017 -1.07% -5.65%
2016 -0.62% -2.91%
2015 -0.24% -1.96%
2014 0.42% 0.92%
2013 -0.66% -0.73%
2012 -0.86% 0.41%
2011 0.09% 0.6%
2010 -1.09% -2.71%
2009 -3.43% -0.2%
2008 -2.92% 1.94%
2007 2.5% 2.13%
2006 2.71% 2%
2005 1.07% -2.83%
2004 2.29% -2.32%
2003 1.67% -1.74%
2002 0.29% -2.4%
2001 0.4% -2.11%
2000 -0.11% -4.51%
1999 -3.42% -4.03%
1998 0.65% -5.09%
1997 2.98% -
1996 -0.93% -
1995 -0.26% -

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

GeoRank.org/economy/estonia/tajikistan | 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 Tajikistan's deficit of $316M, or 1.79% of GDP.

Over the past 28 years, Estonia recorded a fiscal deficit in 18 of those years, while Tajikistan ran a deficit in 21 years. On average, Estonia posted an annual deficit equal to 0.66% of GDP, compared to deficit of 1.55% of GDP for Tajikistan.

Inflation comparison by year

Inflation
Estonia

Tajikistan
1x
Year Consumer prices inflation
Estonia Tajikistan
2025 4.83% 3.4%
2024 3.52% 3.5%
2023 9.16% 3.7%
2022 19.4% 6.6%
2021 4.65% 9%
2020 -0.44% 8.6%
2019 2.28% 7.8%
2018 3.44% 3.8%
2017 3.42% 7.3%
2016 0.15% 5.9%
2015 -0.49% 5.8%
2014 -0.11% 6.1%
2013 2.78% 5%
2012 3.93% 5.8%
2011 4.98% 12.4%
2010 2.97% 6.5%
2009 -0.08% 6.4%
2008 10.4% 20.4%
2007 6.6% 13.2%
2006 4.44% 10%
2005 4.08% 7.3%
2004 3.05% 7.2%
2003 1.33% 16.4%
2002 3.57% 12.2%
2001 5.75% 38.6%
2000 4.02% 32.9%
1999 3.3% 27.5%
1998 8.21% 43.2%
1997 10.6% 88%

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/tajikistan | CC BY

Over the past 29 years, Estonia has recorded an average annual inflation rate of 4.47%, compared with 14.6% in Tajikistan. In 2025, inflation was 4.83% in Estonia and 3.4% in Tajikistan.

Top exports between countries

Estonia
Export category Export value
Machinery & equipment $2.03M
Processed food, beverages & tobacco $1.79M
Raw materials & minerals $430K
Chemicals & pharma $45K
Precious metals & jewellery $42K
Textiles & consumer goods $39K
Metals $32K
Miscellaneous $1K
Tajikistan
Export category Export value

Balance of trade

Estonia Tajikistan
Current account balance
-$70M
2025
$3.02B
2025
Current account balance ranking
79/190
2025
38/190
2025
Current account balance, % of GDP
-0.15%
2025
+17.1%
2025
Goods imports
$24.4B
2025
$7.45B
2025
Goods exports
$21.2B
2025
$1.95B
2025
Service imports
$12B
2025
$1.14B
2025
Service exports
$15.6B
2025
$168M
2025
Imports of goods and services, % of GDP
77.4%
2025
47.9%
2024
Exports of goods and services, % of GDP
78.4%
2025
11.2%
2024

Economic freedom indices

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

Estonia Tajikistan
Economic freedom 78.7 52.5
Economic freedom ranking 10/197 147/197
Property rights 93.6 28.4
Government integrity 86.3 18.5
Judicial effectiveness 92.4 10.1
Tax burden 77.9 94.2
Government spending 46 77
Fiscal health 93.1 98.6
Business freedom 82.8 60.6
Labor freedom 59 43.4
Monetary freedom 73.9 72.6
Trade freedom 79.4 72.2
Investment freedom 90 25
Financial freedom 70 30

Economic freedom comparison by year

Estonia
Tajikistan
1x
Year Economic freedom index
Estonia Tajikistan
2026 78.7 52.5
2025 78.9 51.5
2024 77.8 51.3
2023 78.6 50.6
2022 80 49.7
2021 78.2 55.2
2020 77.7 52.2
2019 76.6 55.6
2018 78.8 58.3
2017 79.1 58.2
2016 77.2 51.3
2015 76.8 52.7
2014 75.9 52
2013 75.3 53.4
2012 73.2 53.4
2011 75.2 53.5
2010 74.7 53
2009 76.4 54.6
2008 77.9 54.4
2007 78 53.6
2006 74.9 52.6
2005 75.2 50.4
2004 77.4 48.7
2003 77.7 46.5
2002 77.6 47.3
2001 76.1 46.8
2000 69.9 44.8
1999 73.8 41.2
1998 72.5 41.1
1997 69.1 -
1996 65.4 -
1995 65.2 -

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

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

The Economic Freedom Index for Estonia is 78.7, ranking 10/197, compared to 52.5 for Tajikistan, ranking 147/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Estonia Tajikistan
Services, % of GDP
65.8%
2025
36.5%
2024
Industry, % of GDP
19.7%
2025
32.4%
2024
Agriculture, forestry, and fishing, % of GDP
1.65%
2025
23.1%
2024
GNI, Atlas method
$44.2B
2025
$22.4B
2025
GNI per capita, PPP
$51,370
2025
$8,240
2025
Total reserves including gold
$2.44B
2025
$4.31B
2025
Total reserves ranking
124/177
2025
109/177
2025
Net foreign direct investment
$814M
2025
$8.2M
2025
Net inflows of foreign direct investment
-$3.44B
2024
$291M
2024
Net outflows of foreign direct investment
-$3.72B
2024
$101M
2024
Servicing debt to the IMF, % of GNI n/a
3.04%
2024
Poverty at national poverty lines
22.5%
2022
19.8%
2024
Gross capital formation, % of GDP
24.8%
2025
32.4%
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/tajikistan | 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.

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.