Estonia: Current account balance (current US$, BoP)

Key figures

What the numbers say

In 2025, Estonia's current account balance (current US$, BoP) rose US$896.76 million on 2024 (from −US$719.92 million to US$176.84 million).

Across the 30 yearly changes before that (1995 to 2024), the average change was −US$18.45 million and a typical year strayed about US$734.4 million from that (the standard deviation). This year's change was 1.2 standard deviations above that average, so it was larger than a typical year, though not out of the range seen before.

On record, the biggest yearly rise was US$2.68 billion in 2009 and the biggest yearly fall was US$1.51 billion in 2020. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.

From 2016 to 2025 there is no clear straight-line trend: a straight line explains 23% of the movement over 10 observed years, so the value is moving around more than it is heading anywhere.

Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.

How it compares

In 2025, Estonia had the 51st highest value of the 136 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.

Closest to Estonia in the 2025 ranking

• Venezuela, RB — 48th of 136: US$569 million
• Angola — 49th of 136: US$417.99 million
• Jamaica — 50th of 136: US$335.16 million
• Eswatini — 52nd of 136: US$122.68 million
• Cabo Verde — 53rd of 136: US$108.71 million
• Samoa — 54th of 136: US$89.27 million

What this measures

Balance of current transactions (transactions in goods and services, earned income and transfer income) between residents and non-residents. The term current account balance is used in the external accounts and is expressed from the perspective of resident units. The term current external balance is used in the national accounts and is expressed from the perspective of the non-resident units, and therefore with the opposite sign. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.

Limitations: Discrepancies may arise in the balance of payments because there is no single source for balance of payments data and therefore no way to ensure that the data are fully consistent. Sources include customs data, monetary accounts of the banking system, external debt records, information provided by enterprises, surveys to estimate service transactions, and foreign exchange records. Differences in collection methods - such as in timing, definitions of residence and ownership, and the exchange rate used to value transactions - contribute to net errors and omissions. In addition, smuggling and other illegal or quasi-legal transactions may be unrecorded or misrecorded.

All 34 values

Current account balance (current US$, BoP) in nearby economies

• Albania — −US$160.91 million (2025)
• Armenia — −US$2.55 billion (2025)
• Austria — US$10.4 billion (2025)
• Azerbaijan — US$3.48 billion (2025)
• Belarus — −US$1.14 billion (2025)
• Belgium — −US$1.13 billion (2025)
• Bosnia and Herzegovina — −US$1.32 billion (2025)
• Bulgaria — −US$7.64 billion (2025)
• Croatia — −US$3.35 billion (2025)
• Cyprus — −US$2.59 billion (2025)

More economic policy & debt data for Estonia

• Adjusted savings, education expenditure (% of GNI) — 4.76% (2021)
• Adjusted savings, mineral depletion (current US$) — US$0 (2021)
• Adjusted savings, energy depletion (current US$) — US$274.52 million (2021)
• Net financial flows, IBRD (NFL, current US$) — US$0 (2016)
• GDP (current LCU) — 41.62 billion (2025)
• GDP, linked series (current LCU) — 41.62 billion (2025)
• GDP (constant 2015 US$) — US$27.72 billion (2025)
• GDP (constant LCU) — 29.11 billion (2025)
• GDP, PPP (current international $) — 71.2 billion (2025)
• GDP, PPP (constant 2021 international $)

Reading data like this

• Where to find free public data, and how to check it before you trust it — 2 min read
• Data analysis examples: 6 worked from one dataset — 3 min read
• Real change or random noise? A plain guide to reading your numbers — 2 min read

Questions people ask

What is Estonia's current account balance (current US$, BoP)?

US$176.84 million in 2025, according to the World Bank (World Development Indicators).

How has it changed since 1992?

It is up 388.11% from US$36.23 million in 1992 (4.92% a year on average, compounded). The highest value was US$640.36 million in 2019 and the lowest −US$3.32 billion in 2007.

How does Estonia rank?

51st highest of 136 economies with data for 2025.

Is the latest change in current account balance (current US$, BoP) unusual for Estonia?

In 2025, Estonia's current account balance (current US$, BoP) rose US$896.76 million on 2024 (from −US$719.92 million to US$176.84 million). Across the 30 yearly changes before that (1995 to 2024), the average change was −US$18.45 million and a typical year strayed about US$734.4 million from that (the standard deviation). This year's change was 1.2 standard deviations above that average, so it was larger than a typical year, though not out of the range seen before.

Source

World Bank, World Development Indicators, indicator BN.CAB.XOKA.CD, licensed CC BY 4.0. Original source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.

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