The 2023/24 Estonian report reveals a notable decline in both early-stage entrepreneurial activity (TEA) and established business ownership (EBO) since the 2017 peak, with TEA at 13.1% and EBO at 7.9% in 2023. Despite this, Estonia maintains a strong international outlook, with over half of early-stage entrepreneurs targeting foreign markets and 24.5% offering innovative products or services. Public attitudes toward entrepreneurship remain positive, with 55.7% of adults viewing entrepreneurship as a desirable career choice. However, perceived opportunities and capabilities have decreased, and fear of failure has returned to 2014 levels (49.8%). Notably, gender and regional disparities persist, with North-East Estonia and women showing lower entrepreneurial engagement. The National Expert Survey highlights Estonia’s strong cultural support and digital infrastructure, though entrepreneurial education and support programs show mixed evaluations. The findings underline the resilience of Estonia’s entrepreneurial spirit amid global economic uncertainties and emphasize the need for targeted policy action.