Bank Z-score in Estonia
Estonia: Bank Z-score was 8.42 in 2021. ▬ Flat
Bank Z-score in Estonia, 2000–2021
Source: Bankscope, Bureau van Dijk (BvD).
Analysis
Estonia recorded 8.42 for bank z-score in 2021.
The figure is up 1.7% on the previous year and down 27.7% over ten years.
Over the whole period, bank z-score in Estonia peaked at 13.34 in 2013 and was at its lowest, 4.6, in 2009.
Estonia ranks 138th of 170 countries on this measure, in the bottom quarter.
Bank Z-score in Estonia, year by year
| Year | Value | Change |
|---|---|---|
| 2000 | 11.11 | — |
| 2001 | 12.45 | +12.1% |
| 2002 | 12.53 | +0.6% |
| 2003 | 12.25 | -2.2% |
| 2004 | 7.69 | -37.2% |
| 2005 | 6.85 | -10.9% |
| 2006 | 6.75 | -1.5% |
| 2007 | 7.6 | +12.6% |
| 2008 | 7.32 | -3.6% |
| 2009 | 4.6 | -37.2% |
| 2010 | 8.94 | +94.5% |
| 2011 | 11.64 | +30.2% |
| 2012 | 11.6 | -0.4% |
| 2013 | 13.34 | +15.0% |
| 2014 | 12.68 | -4.9% |
| 2015 | 12.62 | -0.5% |
| 2016 | 9.93 | -21.3% |
| 2017 | 9.93 | -0.0% |
| 2018 | 9.11 | -8.2% |
| 2019 | 8.92 | -2.1% |
| 2020 | 8.28 | -7.2% |
| 2021 | 8.42 | +1.7% |
Estonia compared with similar countries
- Estonia's 8.42 is below the median for high income countries, which is 15.34, 55% of the median. (63 countries reporting)
- Estonia's 8.42 is below the median for Europe & Central Asia, which is 11.21, 75% of the median. (50 countries reporting)
Biggest year-on-year movements
Years where Bank Z-score in Estonia changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2010 | +94.5% | 4.6 | 8.94 |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 8.91 | 4.6 | 12.53 | 10 |
| 2010s | 10.87 | 8.92 | 13.34 | 10 |
| 2020s | 8.35 | 8.28 | 8.42 | 2 |
Countries ranked near Estonia
More financial sector data for Estonia
- Reserve position in the IMF, US dollar, annual growth rate 8.55 % change on previous year (2025)
- Reserve position in the IMF, US dollar, per unit of GDP 0.0018 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 63.05 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate 3.37 % change on previous year (2025)
- Reserve position in the IMF, SDR, per unit of GDP 0.0013 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 46.04 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 8.55 % change on previous year (2025)
- Reserve tranche position, US dollar, per unit of GDP 0.0018 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 63.05 units per person (2025)
- Reserve tranche position, SDR, annual growth rate 3.37 % change on previous year (2025)
Frequently asked questions
- What is bank z-score in Estonia?
- Bank z-score in Estonia was 8.42 in 2021, according to Bankscope, Bureau van Dijk (BvD).
- What is the highest bank z-score recorded in Estonia?
- The highest recorded value was 13.34 in 2013.
- What is the lowest bank z-score recorded in Estonia?
- The lowest recorded value was 4.6 in 2009.
- How does Estonia rank for bank z-score?
- Estonia ranks 138th out of 170 countries with data for 2021.
- Is bank z-score rising or falling in Estonia?
- Over the last ten years it is down 27.7%. The long-run trend across the full record is flat.
- Where does this Estonia data come from?
- The figures come from Bankscope, Bureau van Dijk (BvD), published as part of Bank Z-score. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 22 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
It captures the probability of default of a country's banking system. Z-score compares the buffer of a country's banking system (capitalization and returns) with the volatility of those returns. It is estimated as (ROA+(equity/assets))/sd(ROA); sd(ROA) is the standard deviation of ROA. ROA, equity, and assets are country-level aggregate figures Calculated from underlying bank-by-bank unconsolidated data from Bankscope.