FX.co ★ Estonia's Current Account Swings to Surplus in Fourth Quarter of 2024

In a remarkable turnaround for Estonia's economy, the nation's current account as a percentage of GDP swung from a deficit of -2.70% in the third quarter of 2024 to a surplus of 1.40% by the fourth quarter. The latest data, updated on March 12, 2025, indicate a significant shift in the balance of payments, positioning Estonia in a more favorable economic stance.

This reversal marks a significant improvement in the nation's external economic health, suggesting stronger export performance, reduced import reliance, or a combination of both. This positive development comes as Estonia navigates its economic strategies amid global challenges, aiming to bolster financial stability and growth.

Analysts emphasize the importance of maintaining this momentum as Estonia progresses into 2025, with an eye toward sustainable economic practices that sustain the current account surplus and drive continued prosperity across sectors. The shift could enhance investor confidence, potentially paving the way for increased foreign investment and economic opportunities in the region.