Irish current account surplus narrowed sharply to EUR 9,104 million in the third quarter of 2018 from EUR 13,760 million a year earlier. The merchandise surplus declined to EUR 26,378 million from EUR 28,915 million; the primary income gap widened to EUR 16,696 million from EUR 14,829 million; and the secondary income gap increased to EUR 1,188 million from EUR 1,006 million. The current account surplus for the first three quarters of 2018 went up to EUR 28.8 billion from EUR 24.9 billion. Current Account in Ireland averaged -10.94 EUR Million from 1981 until 2018, reaching an all time high of 13760 EUR Million in the third quarter of 2017 and a record low of -6299 EUR Million in the fourth quarter of 2016.
Current Account in Ireland is expected to be 5850.00 EUR Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Current Account in Ireland to stand at 12500.00 in 12 months time. In the long-term, the Ireland Current Account is projected to trend around 3560.00 EUR Million in 2020, according to our econometric models.