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. source: Central Statistics Office Ireland

Current Account in Ireland averaged -147.32 EUR Million from 1981 until 2021, reaching an all time high of 23259 EUR Million in the third quarter of 2021 and a record low of -45924 EUR Million in the first quarter of 2020. 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 May 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
2021-12-03 11:00 AM Q3 €23B €15B €22.1B
2022-03-04 11:00 AM Q4 €1.5B €23.3B €15B
2022-06-03 10:00 AM Q1 €1.5B


Related Last Previous Unit Reference
Balance of Trade 9128741.00 6979442.00 EUR Thousand Mar 2022
Current Account 1500.00 23259.00 EUR Million Dec 2021
Imports 11035826.00 8811332.00 EUR Thousand Mar 2022
Exports 20164567.00 15790774.00 EUR Thousand Mar 2022
External Debt 2886281.00 2779318.00 EUR Million Dec 2021
Terms of Trade 96.60 94.30 points Dec 2021
Capital Flows 8697.00 12640.00 EUR Million Dec 2021
Foreign Direct Investment 16954.00 -2454.00 EUR Million Dec 2021

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
1500.00 23259.00 23259.00 -45924.00 1981 - 2021 EUR Million Quarterly

News Stream
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
Irish Current Account Posts Record Surplus
Ireland posted a current account surplus of EUR 18.4 billion in the first quarter of 2021, compared with a EUR 14.6 billion deficit in the same period last year. This was the highest surplus ever recorded as the services account switched to a EUR 3.7 billion surplus from a EUR 28.2 billion deficit and as the goods account surplus widened to EUR 43.7 billion from EUR 34.4 billion a year ago, amid reduced royalty imports and reduced R&D related intellectual property imports. Nevertheless, these improvements were partially offset by a significant deterioration of the primary income deficit to EUR 27.2 billion from EUR 19.7 billion, with the secondary income deficit also widening to EUR 1.3 billion from EUR 1.1 billion.
2021-06-04