Ireland posted a current account surplus of EUR 17.4 billion in the first quarter of 2022, narrowing from a EUR 19 billion surplus in the corresponding period of the previous year, mainly due to higher imports of royalties and business services. The primary income deficit widened to EUR 34.9 billion from EUR 28.3 billion a year earlier and the secondary income gap slightly narrowed to EUR 1.1 billion from EUR 1.3 billion. Meanwhile, the services surplus expanded to EUR 5.5 billion from EUR 5 billion a year earlier, while the goods surplus widened to EUR 47.8 billion from EUR 43.7 billion. source: Central Statistics Office Ireland

Current Account in Ireland averaged -247.11 EUR Million from 1981 until 2022, reaching an all time high of 23259 EUR Million in the third quarter of 2021 and a record low of -58773 EUR Million in the fourth 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 June of 2022.

Current Account in Ireland is expected to be 17800.00 EUR Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Ireland Current Account is projected to trend around 9800.00 EUR Million in 2023, according to our econometric models.

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Ireland Current Account



Calendar GMT Actual Previous Consensus TEForecast
2022-03-04 11:00 AM Q4 €1.5B €23.3B €15B
2022-06-03 10:00 AM Q1 €17.4B €1.5B €-3.2B
2022-09-02 10:00 AM Q2


Related Last Previous Unit Reference
Balance of Trade 6426995.00 9286165.00 EUR Thousand Apr 2022
Current Account 17360.00 1506.00 EUR Million Mar 2022
Exports 17680410.00 20601999.00 EUR Thousand Apr 2022
Imports 11253414.00 11315835.00 EUR Thousand Apr 2022
External Debt 2912745.00 2886281.00 EUR Million Mar 2022
Terms of Trade 91.20 102.20 points Mar 2022
Capital Flows 11802.00 8697.00 EUR Million Mar 2022
Foreign Direct Investment 47.00 16954.00 EUR Million Mar 2022

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).
Actual Previous Highest Lowest Dates Unit Frequency
17360.00 1506.00 23259.00 -58773.00 1981 - 2022 EUR Million Quarterly

News Stream
Irish Current Account Surplus Narrows in Q1
Ireland posted a current account surplus of EUR 17.4 billion in the first quarter of 2022, narrowing from a EUR 19 billion surplus in the corresponding period of the previous year, mainly due to higher imports of royalties and business services. The primary income deficit widened to EUR 34.9 billion from EUR 28.3 billion a year earlier and the secondary income gap slightly narrowed to EUR 1.1 billion from EUR 1.3 billion. Meanwhile, the services surplus expanded to EUR 5.5 billion from EUR 5 billion a year earlier, while the goods surplus widened to EUR 47.8 billion from EUR 43.7 billion.
2022-06-03
Irish Current Account Surplus Narrows in Q4
Ireland posted a current account surplus of EUR 1.5 billion in the fourth quarter of 2021, compared to EUR 10.9 billion surplus in the corresponding period of the previous year amid increased R&D and royalty imports. The services deficit expanded to EUR 15.8 billion from EUR 5.5 billion in the same period last year. At the same time, the primary income gap widened to EUR 22.5 billion from EUR 17.7 billion and the secondary income deficit rose slightly to EUR 1.4 billion from EUR 1 billion. Meanwhile, these deteriorations were partially offset by an improvement in primary income surplus to EUR 41.3 billion from EUR 35.1 billion a year ago.
2022-03-04
Irish Current Account Surplus Widens In Q2
Ireland posted a current account surplus of EUR 15 billion in the second quarter of 2021, compared to downwardly revised EUR 9.9 billion surplus in the corresponding period of the previous year due to reduced imports of R&D related intellectual property. The goods account surplus widened to EUR 42.3 billion from EUR 33.4 billion a year ago and the services account swung to surplus of EUR 2.9 billion compared to EUR 0.8 billion deficit. Meanwhile, these improvements were partially offset by a significant deterioration of the primary income deficit to EUR 29.3 billion from EUR 21.8 billion, with the secondary income gap also slightly widening to EUR 0.98 billion from EUR 0.974 billion.
2021-09-02