Ireland posted a current account gap of EUR 15.21 billion in the first quarter of 2020 from a EUR 10.99 billion surplus in the corresponding period of the previous year, as 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 34.4 billion from 32.15 billion.

Current Account in Ireland averaged -431.09 EUR Million from 1981 until 2020, reaching an all time high of 14395 EUR Million in the third quarter of 2017 and a record low of -31759 EUR Million in the second quarter of 2017. 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 July of 2020. source: Central Statistics Office Ireland

Current Account in Ireland is expected to be 10100.00 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 3560.00 in 12 months time. In the long-term, the Ireland Current Account is projected to trend around 2960.00 EUR Million in 2021, according to our econometric models.

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Ireland Current Account

Actual Previous Highest Lowest Dates Unit Frequency
-15208.00 -28441.00 14395.00 -31759.00 1981 - 2020 EUR Million Quarterly


Calendar GMT Actual Previous Consensus TEForecast
2019-09-13 10:00 AM Q2 €-26.5B €11B €5.4B
2019-12-13 11:00 AM Q3 €11.2B €-26.5B €12.5B
2020-03-06 11:00 AM Q4 €-28.4B €11.2B € 11.2B
2020-06-05 10:00 AM Q1 €-15.2B €-28.4B € 4.4B
2020-09-14 10:00 AM Q2 €-15.2B € 10.1B
2020-12-17 11:00 AM Q3 € 12.3B


News Stream
Irish Current Account Swings to Deficit in Q1
Ireland posted a current account gap of EUR 15.21 billion in the first quarter of 2020 from a EUR 10.99 billion surplus in the corresponding period of the previous year, as 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 34.4 billion from 32.15 billion.
2020-06-05
Irish Current Account Swings to Deficit in Q4
Luxembourg posted a current account gap of EUR 28.4 billion in the last quarter of 2019 from a EUR 0.98 billion surplus in the corresponding period of the previous year, as the services shortfall widened sharply to EUR 37.9 billion from EUR 0.31 billion a year ago. Meanwhile, the primary income gap narrowed to EUR 19.2 billion from EUR 20.9 billion while the secondary income shortfall fell to EUR 0.63 billion from EUR 0.81 billion.
2020-03-06
Ireland Current Account Surplus Falls Slightly
Irish current account surplus narrowed slightly to EUR 11.16 billion in the third quarter of 2019 from EUR 11.427 billion a year earlier. The services account switched to a EUR 313 million deficit from a EUR 528 million surplus, mainly due to higher imports of royalties (EUR 3,378 million) and business services (EUR 4,101 million). Service exports at EUR 53,670 million increased by EUR 7,666 million, mainly due to higher computer services exports. Service imports at EUR 53,983 million were up EUR 8,507 million. Also, the income deficit widened to EUR 20,924 million from EUR 20,219 million and the secondary one increased to EUR 811 million from EUR 717 million. On the other hand, the goods surplus went up to EUR 33,208 million from EUR 28,220 million, as exports rose more than imports. Sales went up by EUR 3,261 million to EUR 57,034 million and imports increased by EUR 1,727 million to EUR 23,826 million, mainly due to lower imports of aircraft.
2019-12-13
Ireland Current Account Swings to Deficit in Q2
Luxembourg posted a current account gap of EUR 26.5 billion in the second quarter of 2019 from a EUR 10.6 billion surplus in the corresponding period of the previous year. The services shortfall widened sharply to EUR 33.4 billion from EUR 0.99 billion a year ago while the primary income gap increased to EUR 20.7 billion from EUR 16.3 billion. Meanwhile, the secondary income deficit fell to EUR 0.58 billion from EUR 0.99 billion.
2019-09-13

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).