State debt of Estonia decreases

After last world finance crisis the common debt of governments doubled and now makes about 66 trln US dollars, which makes 80% of total world GDP. Also credit rating get worse and only 11 countries have it on the level of AAA.

In this light Estonia has the whole other story.

Between years 2008-2014 the state debt of Estonia grew from a bit more than 4% to 10,7% of GDP. Followed then by 3 years of consequtive decrease, making 8,7% in the year 2017.

Credit rating for Estonia was last reported at AA- with stable outlook (Fitch agency, Oct 05 2018)