Formal Savings Statistics in Estonia (2026)
As of the 2021 data, 61.8% of adults in Estonia saved at a formal financial institution, per World Bank Global Findex. Up from 46.9% in 2017 to 61.8% in 2021 (+14.8 percentage points). Estonia ranks #9 of 46 economies in Europe & Central Asia on this measure, and #15 of 142 globally.
Key Statistics
- Latest value (2021)
- 61.8% (2021)
- Formal Savings in Estonia as of 2021, the most recent observation in World Bank Global Findex data.
- Change since 2017
- +14.8 pp (2021)
- Up from 46.9% in 2017 to 61.8% in 2021 (+14.8 percentage points).
- Earliest value in this dataset (2011)
- 28.9% (2011)
- Earliest observation in this dataset, which covers 1990 onward (the source series may begin earlier). Up from 28.9% in 2011 to 61.8% in 2021.
- Record high (2021)
- 61.8% (2021)
- The 2021 value is the highest in the available World Bank Global Findex series for Estonia.
- Rank in Europe & Central Asia
- #9 of 46 (2021)
- Estonia ranks 9 of 46 countries in Europe & Central Asia with data, based on each country's latest value.
- Global rank
- #15 of 142 (2021)
- Estonia ranks 15 of 142 countries with data globally.
- Europe & Central Asia average
- 40.6% (2021)
- Estonia (61.8%) is above the average of 40.6% across the 46 countries in Europe & Central Asia with data.
- Among women (2021)
- 62.7% (2021)
- Value for women in Estonia, same 2021 World Bank Global Findex data.
- Among men (2021)
- 60.7% (2021)
- Value for men in Estonia, same 2021 World Bank Global Findex data.
- Gender gap (women minus men)
- +2 pp (2021)
- In 2021, the figure was 62.7% for women and 60.7% for men — 2 percentage points higher among women.
- Among the poorest 40% (2021)
- 52% (2021)
- Value for adults in the poorest 40% of households in Estonia in 2021.
- Poorest-40% gap vs national
- −9.8 pp (2021)
- The poorest 40% (52%) are 9.8 percentage points below the national figure (61.8%).
- 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, 2011–2021
| Year | % of adults (age 15+) | Change |
|---|---|---|
| 2021 | 61.8% | +14.8 pp |
| 2017 | 46.9% | +15.3 pp |
| 2014 | 31.6% | +2.8 pp |
| 2011 | 28.9% | — |
Frequently asked questions
What share of adults in Estonia saved at a formal financial institution?
61.8% of adults in Estonia saved at a formal financial institution in 2021, according to World Bank Global Findex data.
Where does Estonia rank globally on formal savings?
Estonia ranks 15 of 142 countries with data globally, based on the latest World Bank Global Findex value for each country.
Is there a gender gap in formal savings in Estonia?
Yes — in 2021 the figure was 62.7% for women and 60.7% for men, a gap of 2 percentage points in favor of women.
Source & methodology
Source: World Bank Global Findex, indicator
fin17a, 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 .