🇪🇪 Estonia
Public Sector Debt · 2026
Total Debt
28.6%
of GDP
Global Rank
#171
of 192
S&P Rating
A+
Credit rating
SOE Debt
+5.1%
3 categories
5yr Change
+5pp
rising
Where the Debt Sits
Central Government
Energy SOEs
Central Government: 23.2%Subnational: 0.3%Dev Banks: 0.5%Energy SOEs: 4.2%Infrastructure: 0.4%
Full Debt Breakdown
Central Government23.2% of GDP
Central GovernmentEurostat — Government Debt (Maastricht)
23.2%Subnational / Regional0.3% of GDP
SubnationalEurostat — Government Debt (Maastricht)
0.3%Energy SOEs4.2% of GDP
Eesti Energia / EnefitEesti Energia Annual ReportEUR 1.64B debt
4.2%Infrastructure SOEs0.4% of GDP
Tallinna Sadam (port)Tallinna SadamState port operator
0.3%EVR (railways)EVR financialsState railways
0.1%Development Banks0.5% of GDP
KredExKredEx financialsCredit guarantees
0.5%Total Corporate Debt42.2% of GDP
NF corporate debt (est.)WB WDI 2020
42.2%Household Debt22.7% of GDP
Household debt (est.)WB WDI 2020
22.7%All Layers Total93.5%
Credit Ratings
S&P
A+
Moody's
A1
Fitch
A+
Data Sources
Eurostat — Government Debt (Maastricht)general_government · Updated semi_annual
Dec 202423.5% GDP
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