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. source: Central Statistics Office Ireland

Current Account in Ireland averaged -234.39 EUR Million from 1981 until 2021, reaching an all time high of 18400 EUR Million in the first quarter of 2021 and a record low of -32602 EUR Million in the second 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 2021.

Current Account in Ireland is expected to be 6800.00 EUR Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Current Account in Ireland to stand at 2960.00 in 12 months time. In the long-term, the Ireland Current Account is projected to trend around 1620.00 EUR Million in 2022, according to our econometric models.

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Ireland Current Account

Actual Previous Highest Lowest Dates Unit Frequency
18400.00 7113.00 18400.00 -32602.00 1981 - 2021 EUR Million Quarterly


Calendar GMT Actual Previous Consensus TEForecast
2020-09-07 10:00 AM Q2 €11.7B €-14.6B €-10.1B
2020-12-04 11:00 AM Q3 €12.7B €11.7B €12.3B
2021-03-05 11:00 AM Q4 €7.1B €12.7B
2021-06-04 10:00 AM Q1 €18.4B €7.1B €4.5B
2021-09-07 10:00 AM Q2 €18.4B
2021-12-17 11:00 AM Q3


News Stream
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
Irish Current Account Swings to Surplus
Ireland posted a current account surplus of EUR 7.1 billion in the fourth quarter of 2020, compared with a EUR 28.6 billion deficit in the same period last year. The goods surplus widened to EUR 34.2 billion from EUR 29.2 billion a year ago, while the services gap shrank to EUR 5.6 billion from EUR 37.3 billion. Meanwhile, the primary income deficit increased slightly to EUR 20.4 billion from EUR 19.8 billion, and the secondary income gap advanced to EUR 1.1 billion from EUR 0.7 billion. Considering 2020 full year, Ireland recorded a EUR 16.9 billion surplus, compared with a EUR 40.4 billion deficit in 2019.
2021-03-05
Irish Current Account Swings to Surplus in Q2
Ireland posted a current account surplus of EUR 11.66 billion in the second quarter of 2020, compared to a EUR 32.60 billion deficit in the corresponding period of the previous year. The services gap narrowed sharply to EUR 0.79 billion from EUR 38.93 billion a year ago and the primary income shortfall fell to EUR 19.92 billion from EUR 21.11 billion. Also, the goods surplus widened to EUR 33.37 billion while the secondary income gap rose to EUR 1 billion from EUR 0.66 billion.
2020-09-07
Irish Current Account Deficit Revised Lower in Q1
Ireland posted a current account gap of EUR 14.56 billion in the first quarter of 2020, below preliminary estimates of EUR 15.21 billion and compared to a EUR 10.99 billion surplus in the corresponding period of the previous year. The services shortfall widened sharply to EUR 29.29 billion from EUR 1.22 billion a year ago and the primary income deficit rose to EUR 19.23 billion from EUR 18.68 billion. Meantime, the secondary income gap narrowed to EUR 1.1 billion and the goods surplus rose to EUR 34.41 billion from 30.22 billion.
2020-07-20

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).