Irish Current Account Surplus Narrows

Ireland’s current account surplus narrowed to €12.8 billion in the fourth quarter of 2025, from €18.2 billion in the same period of the previous year. This marked the smallest current account surplus since the first quarter of 2025, as the goods account surplus fell to €42.2 billion from €55 billion in Q4 2024. In contrast, the services account surplus rose to €8.1 billion from €6.9 billion. Moreover, the primary income deficit narrowed to €36.4 billion from €42.5 billion, and the secondary income shortfall fell slightly to €1.1 billion from €1.2 billion.

Ireland's current account narrowed to €13.9 billion in the third quarter of 2025 from €19.7 in the corresponding period of the previous year. The primary income deficit widened to €46.4 billion from the €33.6 billion gap in the previous year, signaling the large group of multinational corporation headquartered in Ireland expatriated its profits to their home nations, making up most of the outflows from Ireland's current account. In the meantime, the merchandise surplus widened to €55.4 billion from €42.9 billion.

Ireland’s current account surplus narrowed to EUR 19.5 billion in the second quarter of 2025, from EUR 35.2 billion in the corresponding period of the previous year. The primary income deficit rose to EUR 50.1 billion from EUR 28.7 billion a year earlier, while the secondary income shortfall also widened slightly, reaching EUR 1.2 billion compared to EUR 1.16 billion in the second quarter of 2024. Additionally, the services surplus fell significantly to EUR 12.4 billion from EUR 26.5 billion. Conversely, the goods surplus increased significantly to EUR 58.4 billion in the second quarter, compared to EUR 38.6 billion in the same period a year earlier.