Estonia: Trade (% of GDP)
In , Estonia's Trade (% of GDP) was 151.04.
That's down 2.3% from 2023, the highest value since .
The global average for this indicator in 2024 was 92.19 . Estonia ranks #18 globally out of 160 reporting countries. Within Europe & Central Asia, it ranks #8 of 49.
Source: World Bank Open Data (NE.TRD.GNFS.ZS) • Data as of 2024
Trend (2005–2024)
- 2008 · Global financial crisis
- 2020 · COVID-19 pandemic
- 2014 · Oil price collapse
- 2022 · Russia–Ukraine war begins
Highlights
- Peak
- 175.69
- Trough
- 116.76
- 1-year change
- -2.3%
- 5-year change
- +7.6%
- +1.5% / yr
- 10-year change
- -4.4%
- -0.4% / yr
Historical Data — Last 10 Years
| Year | Trade (% of GDP) |
|---|---|
| 151.0377 | |
| 154.5926 | |
| 175.6871 | |
| 160.4719 | |
| 137.3926 | |
| 140.3521 | |
| 143.4852 | |
| 144.6357 | |
| 147.7462 | |
| 148.5072 |
About Trade (% of GDP)
Trade is the sum of exports and imports of goods and services. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.
Indicator code: NE.TRD.GNFS.ZS • Category: Economy
Frequently asked questions
- What was Estonia's Trade (% of GDP) in 2024?
- In 2024, Estonia's Trade (% of GDP) was 151.04, according to World Bank Open Data.
- Is Estonia's Trade (% of GDP) rising or falling?
- Estonia's Trade (% of GDP) fell 2.3% from 2023 to 2024.
- How does Estonia rank globally on Trade (% of GDP)?
- In 2024, Estonia ranked #18 out of 160 countries reporting Trade (% of GDP).
- How does Estonia's Trade (% of GDP) compare to the world average?
- The global average for Trade (% of GDP) in 2024 was 92.19, so Estonia is above the world average. Within Europe & Central Asia, it ranks #8 of 49.
- What is Trade (% of GDP) and how is it measured?
- Trade is the sum of exports and imports of goods and services. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.
Source: World Bank Open Data (NE.TRD.GNFS.ZS), CC BY 4.0.