Ireland posted a current account surplus of EUR 11.66 billion in the second quarter of 2020, compared to a EUR 32.60 billion deficit in the corresponding period of the previous year. The services gap narrowed sharply to EUR 0.79 billion from EUR 38.93 billion a year ago and the primary income shortfall fell to EUR 19.92 billion from EUR 21.11 billion. Also, the goods surplus widened to EUR 33.37 billion while the secondary income gap rose to EUR 1 billion from EUR 0.66 billion.

Current Account in Ireland averaged -491.25 EUR Million from 1981 until 2020, reaching an all time high of 14395 EUR Million in the third quarter of 2017 and a record low of -32602 EUR Million in the second quarter of 2019. This page provides - Ireland Current Account - actual values, historical data, forecast, chart, statistics, economic calendar and news. Ireland Current Account - data, historical chart, forecasts and calendar of releases - was last updated on September of 2020. source: Central Statistics Office Ireland

Current Account in Ireland is expected to be 12300.00 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 6800.00 in 12 months time. In the long-term, the Ireland Current Account is projected to trend around 2960.00 EUR Million in 2021 and 1620.00 EUR Million in 2022, according to our econometric models.

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Ireland Current Account

Actual Previous Highest Lowest Dates Unit Frequency
11663.00 -14557.00 14395.00 -32602.00 1981 - 2020 EUR Million Quarterly


Calendar GMT Actual Previous Consensus TEForecast
2020-03-06 11:00 AM Current Account Q4 €-28.4B €11.2B € 11.2B
2020-06-05 10:00 AM Current Account Q1 €-15.2B €-28.4B € 4.4B
2020-07-20 10:00 AM Current Account Final Q1 €-14.6B €-28.6B €-15.2B
2020-09-07 10:00 AM Current Account Q2 €11.7B €-14.6B €-10.1B
2020-12-17 11:00 AM Current Account Q3 €11.7B €12.3B


News Stream
Irish Current Account Swings to Surplus in Q2
Ireland posted a current account surplus of EUR 11.66 billion in the second quarter of 2020, compared to a EUR 32.60 billion deficit in the corresponding period of the previous year. The services gap narrowed sharply to EUR 0.79 billion from EUR 38.93 billion a year ago and the primary income shortfall fell to EUR 19.92 billion from EUR 21.11 billion. Also, the goods surplus widened to EUR 33.37 billion while the secondary income gap rose to EUR 1 billion from EUR 0.66 billion.
2020-09-07
Irish Current Account Deficit Revised Lower in Q1
Ireland posted a current account gap of EUR 14.56 billion in the first quarter of 2020, below preliminary estimates of EUR 15.21 billion and compared to a EUR 10.99 billion surplus in the corresponding period of the previous year. The services shortfall widened sharply to EUR 29.29 billion from EUR 1.22 billion a year ago and the primary income deficit rose to EUR 19.23 billion from EUR 18.68 billion. Meantime, the secondary income gap narrowed to EUR 1.1 billion and the goods surplus rose to EUR 34.41 billion from 30.22 billion.
2020-07-20
Irish Current Account Swings to Deficit in Q1
Ireland posted a current account gap of EUR 15.21 billion in the first quarter of 2020 from a EUR 10.99 billion surplus in the corresponding period of the previous year, as the services shortfall widened sharply to EUR 29.29 billion from EUR 1.22 billion a year ago and the primary income deficit rose to EUR 19.23 billion from EUR 18.68 billion. Meantime, the secondary income gap narrowed to EUR 1.1 billion and the goods surplus rose to EUR 34.4 billion from 32.15 billion.
2020-06-05
Irish Current Account Swings to Deficit in Q4
Luxembourg posted a current account gap of EUR 28.4 billion in the last quarter of 2019 from a EUR 0.98 billion surplus in the corresponding period of the previous year, as the services shortfall widened sharply to EUR 37.9 billion from EUR 0.31 billion a year ago. Meanwhile, the primary income gap narrowed to EUR 19.2 billion from EUR 20.9 billion while the secondary income shortfall fell to EUR 0.63 billion from EUR 0.81 billion.
2020-03-06

Ireland Current Account
Current Account is the sum of the balance of trade (exports minus imports of goods and services), net factor income (such as interest and dividends) and net transfer payments (such as foreign aid).