Ireland Current Account Surplus Widens in Q1

2026-06-04 10:34 By Joana Taborda 1 min. read

Ireland's current account surplus reached €17.44 billion in the first quarter of 2026, higher than €5.8 billion a year earlier, as decreases in merchandise exports were offset by lower outflows of investment income.

It is equivalent to 12.5% of the GDP, much higher than 3.5% in Q1 2025.

Merchandise exports were €77,050 million, a decrease of €36,029 million compared with the first quarter of 2025.

Merchandise imports were €46,448 million, an increase of €7,588 million.

Service exports rose by €11,528 million mainly due to rising computer services exports.

Service imports at €116,861 million were up €1,223 million mainly due to royalty imports.

Meanwhile, investment income earned abroad at €78,201 million increased by €6,911 million while investment income payable to foreign investors decreased by €38,559 million to €99,735 million.



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Ireland Current Account Surplus Widens in Q1
Ireland's current account surplus reached €17.44 billion in the first quarter of 2026, higher than €5.8 billion a year earlier, as decreases in merchandise exports were offset by lower outflows of investment income. It is equivalent to 12.5% of the GDP, much higher than 3.5% in Q1 2025. Merchandise exports were €77,050 million, a decrease of €36,029 million compared with the first quarter of 2025. Merchandise imports were €46,448 million, an increase of €7,588 million. Service exports rose by €11,528 million mainly due to rising computer services exports. Service imports at €116,861 million were up €1,223 million mainly due to royalty imports. Meanwhile, investment income earned abroad at €78,201 million increased by €6,911 million while investment income payable to foreign investors decreased by €38,559 million to €99,735 million.
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