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Economy of Estonia vs Uzbekistan compared: GDP & Debt

Updated on by Georank

Estonia has a GDP of $47B compared to $147B for Uzbekistan, ranking 101/197 and 61/197 by economy size, respectively.

Estonia has $11.4B in government debt (24.2% of GDP), compared to $42B (28.6% of GDP) in Uzbekistan.

Estonia vs Uzbekistan GDP by year

Estonia
Uzbekistan
1x
Year GDP, current $
Estonia Uzbekistan
2025 $47,030,833,799 $147,038,081,129
2024 $43,130,419,829 $121,356,065,241
2023 $41,470,344,395 $107,526,539,716
2022 $38,226,641,740 $94,286,355,836
2021 $37,201,101,171 $81,170,051,811
2020 $31,820,771,494 $70,127,127,133
2019 $31,873,748,770 $70,170,662,563
2018 $31,222,632,741 $61,318,332,403
2017 $27,469,461,919 $72,276,404,058
2016 $24,561,027,788 $97,871,364,319
2015 $23,311,847,751 $97,564,568,987
2014 $27,055,689,003 $91,303,765,114
2013 $25,451,032,781 $82,674,178,352
2012 $23,237,406,116 $75,318,846,931
2011 $23,303,915,795 $67,404,618,405
2010 $19,524,355,419 $55,544,226,553
2009 $19,633,984,440 $33,689,223,673
2008 $24,342,935,404 $29,549,438,884
2007 $22,450,264,166 $22,311,393,928
2006 $17,025,671,810 $17,330,833,853
2005 $14,109,491,357 $14,307,509,839
2004 $12,148,595,031 $12,030,023,548
2003 $9,876,595,528 $10,134,453,435
2002 $7,370,119,619 $9,687,788,513
2001 $6,250,218,423 $11,401,421,329
2000 $5,686,579,748 $13,760,513,969
1999 $5,756,912,266 $17,078,465,982
1998 $5,674,080,543 $14,988,971,211
1997 $5,154,420,649 $14,744,603,774
1996 $4,786,018,988 $13,948,892,216
1995 $4,502,970,889 $13,350,461,265
1994 $4,123,011,420 $12,899,074,922
1993 $4,013,091,682 $13,099,920,056
1992 - $12,953,801,760
1991 - $13,800,167,712
1990 - $13,362,340,338
1989 - $11,948,815,258
1988 - $10,722,799,639
1987 - $8,523,160,593

Data sources: World Bank | Economy & Growth (1987–2025, retrieved 2026-07-08).

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

GDP per capita in Estonia vs Uzbekistan by year

Estonia
GDP per capita

GDP per capita, PPP
Uzbekistan
GDP per capita

GDP per capita, PPP
1x
Year Current $
Estonia Uzbekistan
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $34,418 - $3,968 -
2024 $31,428 $49,969 $3,337 $11,879
2023 $30,264 $48,637 $3,016 $11,107
2022 $28,340 $48,218 $2,699 $10,293
2021 $27,951 $44,252 $2,370 $9,248
2020 $23,934 $40,672 $2,088 $8,452
2019 $24,021 $40,586 $2,129 $8,544
2018 $23,618 $37,121 $1,894 $8,129
2017 $20,852 $34,507 $2,271 $7,818
2016 $18,666 $31,948 $3,128 $6,919
2015 $17,722 $29,713 $3,173 $6,800
2014 $20,582 $29,404 $3,021 $6,610
2013 $19,310 $27,831 $2,781 $6,413
2012 $17,568 $26,243 $2,574 $6,168
2011 $17,556 $24,652 $2,339 $5,949
2010 $14,664 $21,614 $1,957 $5,505
2009 $14,712 $20,489 $1,206 $5,135
2008 $18,206 $22,804 $1,075 $4,800
2007 $16,745 $22,201 $824 $4,386
2006 $12,641 $19,344 $649 $3,956
2005 $10,415 $16,638 $543 $3,618
2004 $8,916 $14,538 $462 $3,321
2003 $7,205 $13,135 $394 $3,047
2002 $5,343 $11,667 $381 $2,902
2001 $4,503 $10,309 $454 $2,782
2000 $4,071 $9,425 $555 $2,644
1999 $4,141 $8,412 $698 $2,522
1998 $4,093 $8,451 $621 $2,418
1997 $3,683 $7,980 $621 $2,329
1996 $3,381 $6,892 $597 $2,214
1995 $3,134 $6,480 $583 $2,178
1994 $2,819 $5,967 $574 $2,197
1993 $2,686 $5,814 $596 $2,318
1992 - $5,872 $603 $2,371
1991 - $7,151 $658 $2,676
1990 - $7,481 $653 $2,665
1989 - - $598 -
1988 - - $551 -
1987 - - $450 -

Data sources: World Bank | Economy & Growth (1987–2025, retrieved 2026-07-08).

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

Estonia's GDP per capita is $34,418, ranking 37/197, compared to $3,968 in Uzbekistan, ranking 134/197. Adjusted for purchasing power (GDP per capita PPP), Estonia ranks 45th at $49,969, while Uzbekistan ranks 125th at $11,879.

Economic indicators

Estonia Uzbekistan
Gross domestic product
$47B
2025
$147B
2025
GDP rank
101/197
2025
61/197
2025
GDP growth
0.58%
2024-2025
7.7%
2024-2025
GDP per capita
$34,418
2025
$3,968
2025
GDP per capita rank
37/197
2025
134/197
2025
GDP per capita, PPP
$49,969
2024
$11,879
2024
GDP per capita PPP rank
45/197
2024
125/197
2024
Government debt
$11.4B
2025
$42B
2025
Debt-to-GDP ratio
24.2%
2025
28.6%
2025
Government debt per person
$8,325
2025
$1,134
2025
Government debt per person rank
67/185
2025
139/185
2025
Average annual personal income after taxes
$23,647
2026
$3,560
2026
Market capitalization of domestic companies n/a
$23.7B
2025
Number of billionaires
2
2026
n/a
Income share by richest 10%
23.7%
2023
24.2%
2025
Income share by poorest 10%
3.1%
2023
2.4%
2025
Government expenditure, % of GDP
45.2%
2025
27.4%
2025
Consumer prices inflation
4.83%
2024-2025
8.8%
2024-2025
Central bank interest rate n/a
14%
2025
Unemployment rate
7.5%
2025
5.29%
2020
Population
1347027
38082870

Spending and national debt comparison by year

Estonia
Spending

Debt
Uzbekistan
Spending

Debt
1x
Year % of GDP
Estonia Uzbekistan
Government spending Government debt Government spending Government debt
2025 45.2% 24.2% 27.4% 28.6%
2024 43.6% 23.5% 26.1% 30.9%
2023 43.5% 20.2% 28.6% 30.7%
2022 40.1% 19.2% 30% 29.2%
2021 42.1% 18.4% 26.1% 30.2%
2020 44.7% 19.1% 24.7% 31.9%
2019 39.1% 9.05% 23.4% 24.3%
2018 38.8% 8.51% 21.2% 16.7%
2017 38.9% 9.43% 19.9% 17.3%
2016 38.9% 10.2% 20.5% 7.21%
2015 39.3% 10.8% 21.7% 5.94%
2014 37.6% 11.6% 22% 5.39%
2013 38.3% 11.4% 22.3% 5.51%
2012 39.4% 11.1% 21.5% 6.06%
2011 37.6% 7.6% 21.1% 5.65%
2010 40.7% 7.99% 23.7% 5.92%
2009 46.1% 7.98% 24.7% 6.57%
2008 39.5% 4.67% 23.8% 7.5%
2007 33.8% 3.91% 22.4% 8.6%
2006 33.5% 4.72% 22.3% 12.2%
2005 33.7% 4.73% 25.3% 18.9%
2004 34.1% 5.16% 26.5% 24.2%
2003 35% 5.6% 28.4% 28.3%
2002 35.9% 5.66% 31.2% 37.5%
2001 35.3% 4.93% 27.6% 40.4%
2000 36.4% 5.11% 29.6% 26.5%
1999 40.7% 5.93% 30.3% 16.6%
1998 38.9% 5.4% 31.6% 16.2%
1997 35.8% 6.03% 28.7% 13.8%
1996 38.6% 7.3% 31.6% -
1995 39.5% 8.66% 26.5% -
1994 - - 24.4% -
1993 - - 35.6% -
1992 - - 16.2% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1992–2025, retrieved 2026-07-08).

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

In 2025, Estonia's government spending was $21.3B, accounting for 45.2% of its GDP, while Uzbekistan spent $40.2B, or 27.4% of GDP.

Debt-to-GDP ratio is 24.2% in Estonia and 28.6% in Uzbekistan, ranking 168/185 and 159/185, respectively.

Government deficit by year

Deficit/surplus
Estonia

Uzbekistan
1x
Year Deficit/surplus, % of GDP
Estonia Uzbekistan
2025 -1.33% -1.66%
2024 -1.54% -2.25%
2023 -3.07% -3.85%
2022 -1.08% -3.49%
2021 -2.57% -3.9%
2020 -5.42% -2.8%
2019 -0.11% -0.29%
2018 -1.15% 1.57%
2017 -1.07% 1.04%
2016 -0.62% 0.62%
2015 -0.24% -0.24%
2014 0.42% 1.68%
2013 -0.66% 1.9%
2012 -0.86% 5.28%
2011 0.09% 4.56%
2010 -1.09% 2.29%
2009 -3.43% 1.64%
2008 -2.92% 5.38%
2007 2.5% 3.2%
2006 2.71% 2.45%
2005 1.07% -3.17%
2004 2.29% -3.37%
2003 1.67% -4.39%
2002 0.29% -5.69%
2001 0.4% -2.95%
2000 -0.11% -3.29%
1999 -3.42% -2.62%
1998 0.65% -2.74%
1997 2.98% -1.85%
1996 -0.93% -1.41%
1995 -0.26% -1.59%
1994 - -4.03%
1993 - -10.8%
1992 - 6.44%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1992–2025, retrieved 2026-07-08).

GeoRank.org/economy/estonia/uzbekistan | 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 Uzbekistan's deficit of $2.43B, or 1.66% of GDP.

Over the past 31 years, Estonia recorded a fiscal deficit in 20 of those years, while Uzbekistan ran a deficit in 19 years. On average, Estonia posted an annual deficit equal to 0.54% of GDP, compared to deficit of 0.64% of GDP for Uzbekistan.

Inflation comparison by year

Inflation
Estonia

Uzbekistan
1x
Year Consumer prices inflation
Estonia Uzbekistan
2025 4.83% 8.8%
2024 3.52% 9.6%
2023 9.16% 10%
2022 19.4% 11.4%
2021 4.65% 10.8%
2020 -0.44% 12.9%
2019 2.28% 14.5%
2018 3.44% 17.5%
2017 3.42% 13.9%
2016 0.15% 8.8%
2015 -0.49% 8.5%
2014 -0.11% 9.1%
2013 2.78% 11.7%
2012 3.93% 11.9%
2011 4.98% 12.4%
2010 2.97% 12.3%
2009 -0.08% 12.3%
2008 10.4% 13.1%
2007 6.6% 11.2%
2006 4.44% 13.1%
2005 4.08% 10.7%
2004 3.05% 7.3%
2003 1.33% 12.5%
2002 3.57% 27.3%
2001 5.75% 27.3%
2000 4.02% 25%
1999 3.3% 29.1%
1998 8.21% 29%
1997 10.6% 70.9%

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/uzbekistan | CC BY

Over the past 29 years, Estonia has recorded an average annual inflation rate of 4.47%, compared with 16.3% in Uzbekistan. In 2025, inflation was 4.83% in Estonia and 8.8% in Uzbekistan.

Top exports between countries

Estonia
Export category Export value
Machinery & equipment $59.7M
Processed food, beverages & tobacco $7.78M
Chemicals & pharma $6.39M
Textiles & consumer goods $4.63M
Raw materials & minerals $1.64M
Wood & paper products $1.15M
Animal & marine products $859K
Metals $737K
Miscellaneous $65K
Raw agricultural goods $26K
Uzbekistan
Export category Export value
Raw materials & minerals $8.24M
Wood & paper products $7.88M
Metals $6.11M
Textiles & consumer goods $503K
Machinery & equipment $326K
Raw agricultural goods $208K
Manufacturing & construction services $87K
Processed food, beverages & tobacco $23K
Chemicals & pharma $7K

Balance of trade

Estonia Uzbekistan
Current account balance
-$70M
2025
-$5.78B
2025
Current account balance ranking
79/190
2025
167/190
2025
Current account balance, % of GDP
-0.15%
2025
-3.93%
2025
Goods imports
$24.4B
2025
$38.5B
2025
Goods exports
$21.2B
2025
$23B
2025
Service imports
$12B
2025
$13.6B
2025
Service exports
$15.6B
2025
$9.27B
2025
Imports of goods and services, % of GDP
77.4%
2025
35.4%
2025
Exports of goods and services, % of GDP
78.4%
2025
22%
2025

Economic freedom indices

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

Estonia Uzbekistan
Economic freedom 78.7 60.3
Economic freedom ranking 10/197 94/197
Property rights 93.6 43.1
Government integrity 86.3 32
Judicial effectiveness 92.4 13.7
Tax burden 77.9 95
Government spending 46 73.7
Fiscal health 93.1 79.9
Business freedom 82.8 62.5
Labor freedom 59 48.4
Monetary freedom 73.9 65.1
Trade freedom 79.4 80.6
Investment freedom 90 70
Financial freedom 70 60

Economic freedom comparison by year

Estonia
Uzbekistan
1x
Year Economic freedom index
Estonia Uzbekistan
2026 78.7 60.3
2025 78.9 58
2024 77.8 55.9
2023 78.6 56.5
2022 80 55.7
2021 78.2 58.3
2020 77.7 57.2
2019 76.6 53.3
2018 78.8 51.5
2017 79.1 52.3
2016 77.2 46
2015 76.8 47
2014 75.9 46.5
2013 75.3 46
2012 73.2 45.8
2011 75.2 45.8
2010 74.7 47.5
2009 76.4 50.5
2008 77.9 51.9
2007 78 51.5
2006 74.9 48.7
2005 75.2 45.8
2004 77.4 39.1
2003 77.7 38.3
2002 77.6 38.5
2001 76.1 38.2
2000 69.9 38.1
1999 73.8 33.8
1998 72.5 31.5
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/uzbekistan | CC BY

The Economic Freedom Index for Estonia is 78.7, ranking 10/197, compared to 60.3 for Uzbekistan, ranking 94/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Estonia Uzbekistan
Services, % of GDP
65.8%
2025
46.5%
2025
Industry, % of GDP
19.7%
2025
32.5%
2025
Agriculture, forestry, and fishing, % of GDP
1.65%
2025
16.6%
2025
GNI, Atlas method
$44.2B
2025
$136B
2025
GNI per capita, PPP
$51,370
2025
$13,640
2025
Total reserves including gold
$2.44B
2025
$41.2B
2024
Total reserves ranking
124/177
2025
53/177
2024
Net foreign direct investment
$814M
2025
-$4.24B
2025
Net inflows of foreign direct investment
-$3.44B
2024
$2.97B
2024
Net outflows of foreign direct investment
-$3.72B
2024
$36.7M
2024
Servicing debt to the IMF, % of GNI n/a
9.37%
2024
Poverty at national poverty lines
22.5%
2022
5.8%
2025
Gross capital formation, % of GDP
24.8%
2025
33.3%
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/uzbekistan | 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 (1992–2025, 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 (2021–2025, 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.