Irish current account surplus narrowed to EUR 10,990 million in the first quarter of 2019 from EUR 11,325 million a year earlier. The services gap rose to EUR 1,224 million from EUR 0,151 million in the first quarter of 2018; the primary income shortfall widened to EUR 18,682 million from EUR 16,681 million and the secondary income deficit increased to EUR 1,256 million from EUR 0,902 million. On the other hand, the merchandise surplus advanced to EUR 32,151 million from EUR 29,060 million. Current Account in Ireland averaged -9.70 EUR Million from 1981 until 2018, reaching an all time high of 13760 EUR Million in the third quarter of 2017 and a record low of -6299 EUR Million in the fourth quarter of 2016.
Current Account in Ireland is expected to be 5400.00 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 4440.00 in 12 months time. In the long-term, the Ireland Current Account is projected to trend around 2960.00 EUR Million in 2020, according to our econometric models.