Ireland recorded a Current Account surplus of 4.60 percent of the country's Gross Domestic Product in 2020. source: EUROSTAT

Current Account to GDP in Ireland averaged -1.60 percent from 1980 until 2020, reaching an all time high of 6 percent in 2018 and a record low of -13.40 percent in 1981. This page provides - Ireland Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. Ireland Current Account to GDP - values, historical data and charts - was last updated on July of 2021.

Current Account to GDP in Ireland is expected to reach 4.50 percent by the end of 2021, according to Trading Economics global macro models and analysts expectations. In the long-term, the Ireland Current Account to GDP is projected to trend around 4.20 percent in 2022 and 4.00 percent in 2023, according to our econometric models.

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Ireland Current Account to GDP

Actual Previous Highest Lowest Dates Unit Frequency
4.60 -11.30 6.00 -13.40 1980 - 2020 percent of GDP Yearly

Ireland Trade Last Previous Highest Lowest Unit
Balance of Trade 5176234.00 4336435.00 10991939.00 -280890.00 EUR Thousand [+]
Current Account 18400.00 7113.00 18400.00 -32602.00 EUR Million [+]
Current Account to GDP 4.60 -11.30 6.00 -13.40 percent of GDP [+]
Imports 8384532.00 8125357.00 9306495.00 62344.00 EUR Thousand [+]
Exports 13560765.00 12461791.00 17659006.00 44885.00 EUR Thousand [+]
External Debt 2722783.00 2570369.00 2722783.00 521792.00 EUR Million [+]
Terms of Trade 90.50 95.00 138.10 86.10 points [+]
Capital Flows 22364.00 9217.00 22364.00 -109945.00 EUR Million [+]
Tourist Arrivals 2424.60 3334.40 3334.40 254.00 Thousand [+]
Gold Reserves 6.00 6.00 6.00 5.47 Tonnes [+]
Terrorism Index 2.85 2.69 3.66 0.04 [+]
Foreign Direct Investment -18325.00 -19869.00 145874.00 -46009.00 EUR Million [+]


Ireland Current Account to GDP
The Current account balance as a percent of GDP provides an indication on the level of international competitiveness of a country. Usually, countries recording a strong current account surplus have an economy heavily dependent on exports revenues, with high savings ratings but weak domestic demand. On the other hand, countries recording a current account deficit have strong imports, a low saving rates and high personal consumption rates as a percentage of disposable incomes.