Irish current account surplus widened sharply to EUR 15.8 billion in the fourth quarter of 2022 from EUR 4.6 billion in the corresponding period of the previous year. The primary income deficit expanded to EUR 30.1 billion from EUR 19 billion while the secondary income gap slightly narrowed to EUR 1.3 billion from EUR 1.4 billion. Meanwhile, the services shortfall shrank to EUR 6.7 billion from EUR 15.3 billion a year earlier, while the goods surplus rose to EUR 54 billion from EUR 40.2 billion. Considering full 2022, the current account surplus was EUR 44.2 billion, slowing from EUR 60.7 billion in 2021. source: Central Statistics Office Ireland

Current Account in Ireland averaged -164.61 EUR Million from 1981 until 2022, reaching an all time high of 22666.00 EUR Million in the third quarter of 2021 and a record low of -58773.00 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 2023.

Current Account in Ireland is expected to be 13500.00 EUR Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations.

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Ireland Current Account



Calendar GMT Actual Previous Consensus TEForecast
2022-12-02 11:00 AM Q3 €-4.5 €15.8B
2023-03-03 11:00 AM Q4 €15.8B €-4.5 € 14.6B
2023-06-02 10:00 AM Q1 €15.8B €18.9B


Related Last Previous Unit Reference
Balance of Trade 7643277.00 5537331.00 EUR Thousand Mar 2023
Current Account 15825.00 -4480.00 EUR Million Dec 2022
Exports 18829532.00 16682984.00 EUR Thousand Mar 2023
Imports 11186255.00 11145653.00 EUR Thousand Mar 2023
External Debt 2813876.00 3031058.00 EUR Million Dec 2022
Terms of Trade 93.70 92.60 points Dec 2022
Capital Flows 21708.00 -25393.00 EUR Million Dec 2022
Foreign Direct Investment -978.00 36807.00 EUR Million Dec 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
15825.00 -4480.00 22666.00 -58773.00 1981 - 2022 EUR Million Quarterly

News Stream
Irish Current Account Surplus Widens in Q4
Irish current account surplus widened sharply to EUR 15.8 billion in the fourth quarter of 2022 from EUR 4.6 billion in the corresponding period of the previous year. The primary income deficit expanded to EUR 30.1 billion from EUR 19 billion while the secondary income gap slightly narrowed to EUR 1.3 billion from EUR 1.4 billion. Meanwhile, the services shortfall shrank to EUR 6.7 billion from EUR 15.3 billion a year earlier, while the goods surplus rose to EUR 54 billion from EUR 40.2 billion. Considering full 2022, the current account surplus was EUR 44.2 billion, slowing from EUR 60.7 billion in 2021.
2023-03-03
Ireland Current Account Surplus Falls in Q2
Ireland current account surplus decreased slightly to €15.8 billion in the second quarter of 2022 from €16.4 billion a year earlier, with the trade surplus rising to €52 billion on higher exports of computer, transport and tourism services. Meanwhile, investment income earned abroad increased to €35.38 billion while investment income payable to foreign investors rose to €70.31 billion. The overall income deficit widened to €36.2 billion from €29 billion a year earlier.
2022-09-02
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