Foreign trade in services as a share of GDP rose 18.5% to 48.7% in Estonia in 2021, according to the National Statistical Office.
Historically, foreign trade in services as a share of GDP in Estonia reached an all time high of 48.7% in 2021 and an all time low of 15.1% in 1993. When compared to Estonia's main peers, foreign trade in services as a share of GDP in Finland amounted to 23.3%, 26.0% in Latvia, 38.6% in Lithuania and 7.40% in Russia in 2021.
Estonia has been ranked 10th within the group of 139 countries we follow in terms of foreign trade in services as a share of GDP, 4 places above the position seen 10 years ago.
Foreign Trade In Services (As % of GDP) | Unit | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 |
Australia | % | 8.78% | 10.00% | 10.1% | 10.0% | 10.3% | ||||||||||||||||
Belarus | % | 19.7% | 23.6% | 23.3% | 23.7% | 24.1% | ||||||||||||||||
China | % | 5.90% | 5.79% | 5.56% | 5.46% | 5.25% | ||||||||||||||||
Estonia | % | 43.0% | 43.3% | 43.5% | 44.0% | 44.5% | ||||||||||||||||
Finland | % | 22.1% | 22.4% | 23.2% | 24.4% | 26.4% | ||||||||||||||||
Germany | % | 17.3% | 17.6% | 18.2% | 18.4% | 18.8% | ||||||||||||||||
Indonesia | % | 6.17% | 5.77% | 5.71% | 6.61% | 6.34% | ||||||||||||||||
Japan | % | 7.68% | 7.24% | 7.70% | 7.89% | 8.37% | ||||||||||||||||
Latvia | % | 27.3% | 28.0% | 28.7% | 28.6% | 28.5% | ||||||||||||||||
Lithuania | % | 27.6% | 29.5% | 32.4% | 34.4% | 38.4% | ||||||||||||||||
New Zealand | % | 15.3% | 15.2% | 15.2% | 15.7% | 15.8% | ||||||||||||||||
Papua New Guinea | % | 6.83% | 5.76% | 8.33% | 8.37% | ... | ... | ... | ||||||||||||||
Russia | % | 10.3% | 9.81% | 9.30% | 9.62% | 9.48% | ||||||||||||||||
USA | % | 6.96% | 6.94% | 7.12% | 6.97% | 6.94% |