Luxembourg posted a current account gap of EUR 26.5 billion in the second quarter of 2019 from a EUR 10.6 billion surplus in the corresponding period of the previous year. The services shortfall widened sharply to EUR 33.4 billion from EUR 0.99 billion a year ago while the primary income gap increased to EUR 20.7 billion from EUR 16.3 billion. Meanwhile, the secondary income deficit fell to EUR 0.58 billion from EUR 0.99 billion. Current Account in Ireland averaged -228.52 EUR Million from 1981 until 2019, reaching an all time high of 14395 EUR Million in the third quarter of 2017 and a record low of -31759 EUR Million in the second quarter of 2017.
Current Account in Ireland is expected to be 12500.00 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 10100.00 in 12 months time. In the long-term, the Ireland Current Account is projected to trend around 2960.00 EUR Million in 2020, according to our econometric models.