# Estonia Credit Rating & Sovereign Risk Score

Makrognosis sovereign credit model scores Estonia at 76 out of 100 as of 9 November 2026, equivalent to A on the familiar letter scale — investment grade.
The score is down 0.2 points from 77 on 1 October 2026.
That places Estonia 26th of the 84 economies the model scores; Russia has the highest score at 100.
Key inputs include government debt of 26.1% of GDP, a fiscal balance of −2.0% of GDP, a current account balance of 0.3% of GDP.
This is a model-implied assessment built from official macroeconomic data. It is not a credit rating issued by S&P, Moody's or Fitch, and agency ratings are not reproduced here.

- Source: Makrognosis sovereign credit model
- Makrognosis code: `CREDIT:EE`
- Scale: 0–100 (100 = strongest credit); grade equivalent is model-implied
- Page: https://makrognosis.robomacro.com/data/estonia/credit-rating

## Score history

| Date | Score | Grade equivalent |
|---|---:|---|
| 2026-11-09 | 76.5 | A |
| 2026-10-01 | 76.7 | A |
| 2026-07-31 | 76.7 | A |
| 2026-07-30 | 76.6 | A |
| 2026-07-26 | 75.6 | A |
| 2026-06-21 | 81.9 | A+ |
| 2026-06-18 | 88.8 | AA |

## Inputs

| Input | Value |
|---|---:|
| GDP per capita | US$35,100 |
| Real GDP growth, 5-year average | 1.5% |
| Inflation, recent average | 3.2% |
| Government debt | 26.1% of GDP |
| Fiscal balance | −2.0% of GDP |
| Current account balance | 0.3% of GDP |
| Foreign-exchange reserves | 0.7 months of imports |
| Net international investment position | −3.3% of GDP |
| Governance (World Bank WGI composite) | 1.33 |

## API

```
GET https://makrognosis.robomacro.com/v1/credit/EE
```