Government expenditure as a share of GDP in Estonia 2020-2029

The ratio of government expenditure to GDP in Estonia was forecast to decrease between 2024 and 2029 by in total 0.5 percentage points. This overall decrease does not happen continuously, notably not in 2029. The ratio is estimated to amount to 44.48 percent in 2029.
This indicator depicts the general government expenditure as a share of the national gross domestic product. The International Monetary Fund defines the general government expenditure as consisting of total expense and the net acquisition of nonfinancial assets. The gross domestic product represents the total value of final goods and services produced during a year.

Find more statistics on other topics about Estonia with key insights such as the growth of the real the gross domestic product, the average inflation rate, and the national debt.