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. Current Account in Ireland averaged -155.05 EUR Million from 1981 until 2019, 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. source: Central Statistics Office Ireland
Current Account in Ireland is expected to be 4750.00 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 12300.00 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.