Ireland - Current Account Balance





Ireland: Current Account Balance

Mnemonic TAB.IIRL
Unit Mil. EUR, NSA
Adjustments Not Seasonally Adjusted
Quarterly 101.84 %
Data 2023 Q4 -382
2023 Q3 20,775

Series Information

Source Central Statistics Office (CSO)
Release International Accounts [BOP, external debt]
Frequency Quarterly
Start Date 3/31/1998
End Date 12/31/2023

Ireland: Trade

Reference Last Previous Units Frequency
Balance of Goods Jan 2024 8,764,400 4,346,100 Thousands of Euros, SA Monthly
Exports of Goods Jan 2024 18,149,700 15,658,200 Thousands of Euros, SA Monthly
Imports of Goods Jan 2024 9,385,300 11,312,100 Thousands of Euros, SA Monthly
Current Account Balance 2023 Q4 -382 20,775 Mil. EUR, NSA Quarterly
Exports of Goods and Services 2023 Q4 164,325 164,009 Mil. EUR, SA Quarterly
Imports of Goods and Services 2023 Q4 -141,113 -122,753 Mil. EUR, SA Quarterly
Net Exports 2023 Q4 23,212 41,256 Mil. EUR, SA Quarterly
Real Exports of Goods and Services 2023 Q4 152,295 153,814 Mil. Ch. 2021 EUR, SA Quarterly
Real Imports of Goods and Services 2023 Q4 -129,822 -113,286 Mil. Ch. 2021 EUR, SA Quarterly
Real Net Exports 2023 Q4 22,473 40,528 Mil. Ch. 2019 EUR, SA Quarterly

Release Information

For Ireland, balance of payments (BOP) summarises economic transactions of residents with the rest of the world for a specific time period. BOP generally consists of goods and services account, primary income account, secondary income account, capital account and financial account. 

The International Investment Position (IIP) results cover Ireland's total holdings (i.e., stocks) of financial assets and liabilities vis-a-vis non-residents at 31 December of each year. 

The External Debt position is the end of quarter stock of liabilities to non-residents excluding those arising from transactions in equity or financial derivative contracts.

Active:

  • Framework: IMF BPM6
  • Measurement: Millions of euros (Mil. EUR)
  • Adjustment: Not seasonally adjusted (NSA)
  • Native frequency: Quarterly
  • Start dates:
    • 2002Q1
    • 2012Q1

Predecessor(s):

  • BPM5 - 1998Q1 to 2013Q3 ("_B5")

Definitions

Primary income - compensation of employees working outside their country of residence for less than one year or earnings arising from foreign investors' investments in Ireland and Irish investors' investment abroad. 

Secondary income - unrequited receipts and payments

Current account balance - total of all current account (merchandise and services) credits less the total of all current account debits

Capital account - mostly covers capital transfers and aquisitions and disposals of non-produced, non-financial assets. 

Financial account - transactions in foreign financial assets (direct investment, portfolio investment, other investment, and reserve assets)

Direct investment - a type of international investment that reflects a lasting interest by a resident in one economy in an enterprise resident in another economy

Portfolio investment - acquisition and disposal of equity and debt securities which cannot be classified under direct investment or reserve assets transactions

Other investment - assets and liabilities other than those classifiable to direct investment, portfolio investment or reserve assets

Reserve assets - qualifying assets which are under the effective control of the national monetary authority and consisting of Country

Moody's Analytics supplements

For the current account balance, we back-extend (1998 to 2001) and construct a seasonally adjusted counterpart.

Further reading

At IMF (SDDS):

  • Sep 2005 - Initial version.
  • Jul 2014 - Framework advanced to BPM6.
  • 26 Oct 2023, Phillip Thorne - Addendum of external debt: Properties, Further reading.