Business Bank Credit Access Statistics in Estonia (2026)
34.7% of firms in Estonia had a bank loan or line of credit in 2023, World Bank World Development Indicators data show. Down from 39.3% in 2019 to 34.7% in 2023 (−4.5 percentage points). Estonia ranks #33 of 43 economies in Europe & Central Asia on this measure, and #73 of 145 globally.
Key Statistics
- Latest value (2023)
- 34.7% (2023)
- Business Bank Credit Access in Estonia as of 2023, the most recent observation in World Bank World Development Indicators data.
- Change since 2019
- −4.5 pp (2023)
- Down from 39.3% in 2019 to 34.7% in 2023 (−4.5 percentage points).
- Earliest value in this dataset (2009)
- 50.8% (2009)
- Earliest observation in this dataset, which covers 1990 onward (the source series may begin earlier). Down from 50.8% in 2009 to 34.7% in 2023.
- Peak value (2009)
- 50.8% (2009)
- Highest value in the available series; the 2023 value is 34.7%.
- Rank in Europe & Central Asia
- #33 of 43 (2023)
- Estonia ranks 33 of 43 countries in Europe & Central Asia with data, based on each country's latest value.
- Global rank
- #73 of 145 (2023)
- Estonia ranks 73 of 145 countries with data globally.
- Europe & Central Asia average
- 44.8% (2023)
- Estonia (34.7%) is below the average of 44.8% across the 43 countries in Europe & Central Asia with data.
- Firms using banks to finance working capital (% of firms) (2023)
- 28.3% (2023)
- Related indicator from World Bank World Development Indicators.
- Firms using banks to finance investment (% of firms) (2023)
- 30% (2023)
- Related indicator from World Bank World Development Indicators.
- Internet use in Estonia (2024)
- 92.2% (2024)
- 92.2% of the population in Estonia used the internet in 2024 (World Bank); shown for context only.
- Population (2024)
- 1.4 million (2024)
- Estonia had a population of 1.4 million in 2024 (World Bank); shown for scale only.
Trend, 2009–2023
| Year | % of firms | Change |
|---|---|---|
| 2023 | 34.7% | −4.5 pp |
| 2019 | 39.3% | +1.3 pp |
| 2013 | 37.9% | −12.9 pp |
| 2009 | 50.8% | — |
Frequently asked questions
What share of firms in Estonia had a bank loan or line of credit?
34.7% of firms in Estonia had a bank loan or line of credit in 2023, according to World Bank World Development Indicators data.
Where does Estonia rank globally on business bank credit access?
Estonia ranks 73 of 145 countries with data globally, based on the latest World Bank World Development Indicators value for each country.
When did business bank credit access in Estonia peak?
The highest value in the available series was 50.8% in 2009; the latest (2023) value is 34.7%.
Source & methodology
Source: World Bank, World Development Indicators, indicator
IC.FRM.BNKL.ZS, retrieved .
Figures are shown exactly as published in the source dataset; only the change column of the trend table is computed from adjacent published values.Read more on the methodology page. All figures are estimates and projections; this is not financial advice.
Last updated .