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Economy of Estonia vs Yemen compared: GDP & Debt

Updated on by Georank team

Estonia has a GDP of $43.1B compared to $21.6B for Yemen, ranking 100/197 and 125/197 by economy size, respectively.

Estonia has $10.1B in government debt (23.4% of GDP), compared to $18.8B (70.9% of GDP) in Yemen.

Estonia vs Yemen GDP by year

Estonia
Yemen
1x
Year GDP, current $
Estonia Yemen
2024 $43,130,419,829 -
2023 $41,470,344,395 -
2022 $38,226,641,740 -
2021 $37,201,101,171 -
2020 $31,820,771,494 -
2019 $31,873,748,770 -
2018 $31,222,632,741 $21,606,160,663
2017 $27,469,461,919 $26,842,229,045
2016 $24,561,027,788 $31,317,825,274
2015 $23,311,847,751 $42,444,490,074
2014 $27,055,689,003 $43,228,585,321
2013 $25,451,032,781 $40,415,233,436
2012 $23,237,406,116 $35,401,331,610
2011 $23,303,915,795 $32,726,417,878
2010 $19,524,355,419 $30,906,749,533
2009 $19,633,984,440 $25,130,278,213
2008 $24,342,935,404 $26,910,855,807
2007 $22,450,264,166 $21,650,528,674
2006 $17,025,671,810 $19,063,143,370
2005 $14,109,491,357 $16,731,566,717
2004 $12,148,595,031 $13,867,634,371
2003 $9,876,595,528 $11,777,532,662
2002 $7,370,119,619 $10,693,430,511
2001 $6,250,218,423 $9,852,990,693
2000 $5,686,579,748 $9,679,316,770
1999 $5,756,912,266 $7,639,325,296
1998 $5,674,080,543 $6,322,175,566
1997 $5,154,420,649 $6,838,298,531
1996 $4,786,018,988 $6,496,163,616
1995 $4,502,970,889 $12,796,345,679
1994 $4,123,011,420 $28,019,483,764
1993 $4,013,091,682 $21,736,802,664
1992 - $17,959,367,194
1991 - $14,665,445,462
1990 - $12,643,821,569

Data sources: World Bank | Economy & Growth (1990–2024, retrieved 2026-04-06).

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

GDP per capita in Estonia vs Yemen by year

Estonia
GDP per capita

GDP per capita, PPP
Yemen
GDP per capita

GDP per capita, PPP
1x
Year Current $
Estonia Yemen
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $31,428 $49,969 - -
2023 $30,264 $48,637 - -
2022 $28,340 $48,218 - -
2021 $27,951 $44,252 - -
2020 $23,934 $40,672 - -
2019 $24,021 $40,586 - -
2018 $23,618 $37,121 $634 -
2017 $20,852 $34,507 $811 -
2016 $18,666 $31,948 $975 -
2015 $17,722 $29,713 $1,362 -
2014 $20,582 $29,404 $1,430 -
2013 $19,310 $27,831 $1,379 $3,164
2012 $17,568 $26,243 $1,245 $3,005
2011 $17,556 $24,652 $1,186 $3,113
2010 $14,664 $21,614 $1,155 $3,603
2009 $14,712 $20,489 $969 $3,411
2008 $18,206 $22,804 $1,072 $3,370
2007 $16,745 $22,201 $890 $3,294
2006 $12,641 $19,344 $810 $3,205
2005 $10,415 $16,638 $734 $3,113
2004 $8,916 $14,538 $628 $2,949
2003 $7,205 $13,135 $549 $2,844
2002 $5,343 $11,667 $513 $2,768
2001 $4,503 $10,309 $487 $2,702
2000 $4,071 $9,425 $493 $2,624
1999 $4,141 $8,412 $401 $2,492
1998 $4,093 $8,451 $343 $2,442
1997 $3,683 $7,980 $383 $2,351
1996 $3,381 $6,892 $375 $2,268
1995 $3,134 $6,480 $764 $2,201
1994 $2,819 $5,967 $1,735 $2,115
1993 $2,686 $5,814 $1,397 $2,013
1992 - $5,872 $1,198 $1,963
1991 - $7,151 $1,016 $1,843
1990 - $7,481 $910 $1,742

Data sources: World Bank | Economy & Growth (1990–2024, retrieved 2026-04-06).

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

Estonia's GDP per capita is $31,428, ranking 40/197, compared to $634 in Yemen, ranking 191/197. Adjusted for purchasing power (GDP per capita PPP), Estonia ranks 45th at $49,969, while Yemen ranks 178th at $3,164.

Economic indicators

Estonia Yemen
Gross domestic product
$43.1B
2024
$21.6B
2018
GDP rank
100/197
2024
125/197
2018
GDP growth
-0.09%
2023-2024
0.75%
2017-2018
GDP per capita
$31,428
2024
$634
2018
GDP per capita rank
40/197
2024
191/197
2018
GDP per capita, PPP
$49,969
2024
$3,164
2013
GDP per capita PPP rank
45/197
2024
178/197
2013
Government debt
$10.1B
2024
$18.8B
2018
Debt-to-GDP ratio
23.4%
2024
70.9%
2024
Government debt per person
$7,356
2024
$551
2018
Government debt per person rank
65/185
2024
165/185
2018
Average annual personal income after taxes
$23,740
2026
$1,127
2026
Number of billionaires
2
2025
n/a
Income share by richest 10%
23.7%
2023
29.4%
2014
Income share by poorest 10%
3.1%
2023
3%
2014
Government expenditure, % of GDP
43.6%
2024
8.91%
2024
Consumer prices inflation
3.52%
2023-2024
33.9%
2023-2024
Unemployment rate
7.5%
2024
13.5%
2014
Population
1339590
43325643

Spending and national debt comparison by year

Estonia
Spending

Debt
Yemen
Spending

Debt
1x
Year % of GDP
Estonia Yemen
Government spending Government debt Government spending Government debt
2024 43.6% 23.4% 8.91% 70.9%
2023 43.5% 20.1% 11.8% 77.9%
2022 40.1% 19.2% 12.2% 65.3%
2021 42.1% 18.4% 8.22% 75.9%
2020 44.7% 19.1% 10.6% 87%
2019 39.1% 9.05% 13.2% 91.5%
2018 38.8% 8.51% 14.3% 86.9%
2017 38.9% 9.43% 8.39% 83.8%
2016 38.9% 10.2% 16.1% 76.5%
2015 39.3% 10.8% 19.4% 57.7%
2014 37.6% 11.6% 27.8% 48.9%
2013 38.3% 11.4% 30.8% 48.4%
2012 39.4% 11.1% 36.2% 47.6%
2011 37.6% 7.6% 29.8% 45.7%
2010 40.7% 7.99% 30.2% 42.4%
2009 46.1% 7.98% 35.2% 49.8%
2008 39.5% 4.67% 41.2% 36.4%
2007 33.8% 3.91% 40.3% 40.4%
2006 33.5% 4.72% 37.4% 40.8%
2005 33.7% 4.73% 36.8% 43.8%
2004 34.1% 5.16% 34.2% 52.1%
2003 35% 5.6% 35.3% 56.8%
2002 35.9% 5.66% 30.8% 57.8%
2001 35.3% 4.93% 30.5% 60.6%
2000 36.4% 5.11% 31.7% 60.8%
1999 40.7% 5.93% 28.2% 96.1%
1998 38.9% 5.4% 34.3% 110.6%
1997 35.8% 6.03% 34.2% 74.2%
1996 38.6% 7.3% 30.7% 114.9%
1995 39.5% 8.66% 24.1% 84.1%
1994 - - 25.2% 73.3%
1993 - - 25.8% 76.7%
1992 - - 24.6% 78%
1991 - - 24.7% 82.7%
1990 - - 26.6% 91.6%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1990–1998, retrieved 2026-02-20).

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

In 2024, Estonia's government spending was $18.8B, accounting for 43.6% of its GDP, while Yemen spent $3.08B, or 8.91% of GDP.

Debt-to-GDP ratio is 23.4% in Estonia and 70.9% in Yemen, ranking 171/185 and 55/185, respectively.

Government deficit by year

Deficit/surplus
Estonia

Yemen
1x
Year Deficit/surplus, % of GDP
Estonia Yemen
2024 -1.51% -2.48%
2023 -3.13% -5.63%
2022 -1.08% -2.15%
2021 -2.57% -0.89%
2020 -5.42% -4.3%
2019 -0.11% -5.89%
2018 -1.15% -7.85%
2017 -1.07% -4.9%
2016 -0.62% -8.51%
2015 -0.24% -8.75%
2014 0.42% -4.14%
2013 -0.66% -6.9%
2012 -0.86% -6.32%
2011 0.09% -4.51%
2010 -1.09% -4.06%
2009 -3.43% -10.2%
2008 -2.92% -4.53%
2007 2.5% -7.18%
2006 2.71% 1.19%
2005 1.07% -1.82%
2004 2.29% -2.15%
2003 1.67% -4.2%
2002 0.29% -0.56%
2001 0.4% 2.79%
2000 -0.11% 6.09%
1999 -3.42% 0.06%
1998 0.65% -7.77%
1997 2.98% -1.5%
1996 -0.93% -0.92%
1995 -0.26% -5.74%
1994 - -14%
1993 - -12.8%
1992 - -10.9%
1991 - -5.76%
1990 - -10.3%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20).

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

In 2018, Estonia's government deficit, the difference between spending and revenue, was $358M, equivalent to 1.15% of GDP. This compares to Yemen's deficit of $1.7B, or 7.85% of GDP.

Over the past 24 years, Estonia recorded a fiscal deficit in 13 of those years, while Yemen ran a deficit in 20 years. On average, Estonia posted an annual deficit equal to 0.07% of GDP, compared to deficit of 3.85% of GDP for Yemen.

Inflation comparison by year

Inflation
Estonia

Yemen
1x
Year Consumer prices inflation
Estonia Yemen
2024 3.52% 33.9%
2023 9.16% 0.9%
2022 19.4% 29.5%
2021 4.65% 31.5%
2020 -0.44% 21.7%
2019 2.28% 15.7%
2018 3.44% 33.6%
2017 3.42% 30.4%
2016 0.15% 21.3%
2015 -0.49% 22%
2014 -0.11% 8.2%
2013 2.78% 11%
2012 3.93% 9.9%
2011 4.98% 19.5%
2010 2.97% 11.2%
2009 -0.08% 3.7%
2008 10.4% 19%
2007 6.6% 7.9%
2006 4.44% 10.8%
2005 4.08% 9.9%
2004 3.05% 12.5%
2003 1.33% 10.8%
2002 3.57% 12.2%
2001 5.75% 11.9%
2000 4.02% 11%
1999 3.3% 7.9%
1998 8.21% 11.5%
1997 10.6% 4.6%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2024, retrieved 2026-02-20); World Bank | Economy & Growth (1997–2024, retrieved 2026-04-06).

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

Over the past 28 years, Estonia has recorded an average annual inflation rate of 4.46%, compared with 15.5% in Yemen. In 2024, inflation was 3.52% in Estonia and 33.9% in Yemen.

Top exports between countries

Estonia
Export category Export value
Processed food, beverages & tobacco $212K
Wood & paper products $129K
Raw materials & minerals $101K
Chemicals & pharma $51K
Animal & marine products $39K
Machinery & equipment $36K
Yemen
Export category Export value

Balance of trade

Estonia Yemen
Current account balance
-$543M
2024
-$2.42B
2016
Current account balance ranking
107/190
2024
148/190
2016
Current account balance, % of GDP
-1.26%
2024
-7.72%
2016
Goods imports
$22.1B
2024
$6.8B
2016
Goods exports
$19B
2024
$473M
2016
Service imports
$10.4B
2024
$1.46B
2016
Service exports
$13.6B
2024
$466M
2016
Imports of goods and services, % of GDP
75.4%
2024
47.3%
2018
Exports of goods and services, % of GDP
75.7%
2024
8.76%
2018

Economic freedom indices

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

Estonia Yemen
Economic freedom 78.7 53.7
Economic freedom ranking 10/197 138/197
Property rights 93.6 3.5
Government integrity 86.3 6.2
Judicial effectiveness 92.4 9.9
Tax burden 77.9 93.7
Government spending 46 0
Fiscal health 93.1 71.2
Business freedom 82.8 31.3
Labor freedom 59 31.2
Monetary freedom 73.9 48.1
Trade freedom 79.4 67.4
Investment freedom 90 50
Financial freedom 70 30

Economic freedom comparison by year

Estonia
Yemen
1x
Year Economic freedom index
Estonia Yemen
2026 78.7 -
2025 78.9 -
2024 77.8 -
2023 78.6 -
2022 80 -
2021 78.2 -
2020 77.7 -
2019 76.6 -
2018 78.8 -
2017 79.1 -
2016 77.2 -
2015 76.8 53.7
2014 75.9 55.5
2013 75.3 55.9
2012 73.2 55.3
2011 75.2 54.2
2010 74.7 54.4
2009 76.4 56.9
2008 77.9 53.8
2007 78 54.1
2006 74.9 52.6
2005 75.2 53.8
2004 77.4 50.5
2003 77.7 50.3
2002 77.6 48.6
2001 76.1 44.3
2000 69.9 44.5
1999 73.8 43.3
1998 72.5 46.1
1997 69.1 48.4
1996 65.4 49.6
1995 65.2 49.8

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09).

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

The Economic Freedom Index for Estonia is 78.7, ranking 10/197, compared to 53.7 for Yemen, ranking 138/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Estonia Yemen
Services, % of GDP
65.7%
2024
41.8%
2018
Industry, % of GDP
20.1%
2024
25.4%
2018
Agriculture, forestry, and fishing, % of GDP
1.77%
2024
28.7%
2018
GNI, Atlas method
$39.6B
2024
$25.3B
2018
GNI per capita, PPP
$48,880
2024
$3,020
2013
Total reserves including gold
$2.07B
2024
$1.25B
2022
Total reserves ranking
125/177
2024
139/177
2022
Net foreign direct investment
-$285M
2024
$15.4M
2015
Net inflows of foreign direct investment
-$3.44B
2024
-$371M
2019
Net outflows of foreign direct investment
-$3.72B
2024
$0
2024
Servicing debt to the IMF, % of GNI n/a
0.53%
2018
Poverty at national poverty lines
22.5%
2022
48.6%
2014
Gross capital formation, % of GDP
24.6%
2024
6.18%
2018

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2024, retrieved 2026-04-06); U.S. Census Bureau (1985–2024, retrieved 2026-02-08).

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

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Data sources:

  1. World Bank | Economy & Growth (1985–2024, retrieved 2026-04-06)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20)
  3. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09)
  4. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  5. International Monetary Fund (IMF) | Public Finances in Modern History (1990–1998, retrieved 2026-02-20)
  6. TradeMap (2022–2024, retrieved 2026-02-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  8. LivingCost (2026, retrieved 2025-10-14)

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.