Current account balance as a proportion of GDP (%) in Ireland
Ireland: Current account balance as a proportion of GDP (%) was 17.4% in 2024. ◆ Volatile
Current account balance as a proportion of GDP in Ireland, 2005–2024
Source: United Nations Statistics Division, SDG Global Database. Measured in %.
Analysis
The most recent figure for current account balance as a proportion of gdp in Ireland is 17.4%, measured in 2024. That is the highest value across all 20 years on record.
Compared with earlier readings it is up 120.6% on the previous year and up 737.7% over ten years.
Over the whole period, current account balance as a proportion of gdp in Ireland peaked at 17.4% in 2024 and was at its lowest, -20.6%, in 2019.
Ireland ranks 5th of 205 countries on this measure, in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Current account balance as a proportion of GDP (%) in Ireland, year by year
| Year | % | Change |
|---|---|---|
| 2005 | -3.4% | — |
| 2006 | -3.4% | +0.4% |
| 2007 | -5.1% | +51.4% |
| 2008 | -5.6% | +8.3% |
| 2009 | -2.1% | -61.9% |
| 2010 | 1.0% | -149.4% |
| 2011 | 1.2% | +12.2% |
| 2012 | -3.4% | -389.4% |
| 2013 | 2.4% | -170.6% |
| 2014 | 2.1% | -13.5% |
| 2015 | 6.2% | +197.2% |
| 2016 | -1.2% | -119.3% |
| 2017 | 1.6% | -238.4% |
| 2018 | 4.5% | +175.0% |
| 2019 | -20.6% | -553.5% |
| 2020 | -6.7% | -67.3% |
| 2021 | 12.3% | -282.7% |
| 2022 | 8.8% | -28.1% |
| 2023 | 7.9% | -10.7% |
| 2024 | 17.4% | +120.6% |
Ireland compared with similar countries
- Ireland's 17.4% is above the median for high income countries, which is 1.6%, 11.0× the median. (69 countries reporting)
- Ireland's 17.4% is above the median for Europe & Central Asia, which is -0.7%. (50 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -3.9% | -5.6% | -2.1% | 5 |
| 2010s | -0.6% | -20.6% | 6.2% | 10 |
| 2020s | 7.9% | -6.7% | 17.4% | 5 |
Countries ranked near Ireland
More economy & growth data for Ireland
- Real gdp growth, annual growth rate 374.72 % change on previous year (2025)
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 1.96 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 2.52 Percent per annum (2029)
- SDRs holdings, US dollar, annual growth rate 7.18 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0082 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 1,078 units per person (2025)
- SDRs holdings, SDR, annual growth rate 2.06 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.006 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 787.03 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate 2.45 % change on previous year (2025)
Frequently asked questions
- What is current account balance as a proportion of gdp in Ireland?
- Current account balance as a proportion of gdp in Ireland was 17.4% in 2024, according to United Nations Statistics Division, SDG Global Database.
- What is the highest current account balance as a proportion of gdp recorded in Ireland?
- The highest recorded value was 17.4% in 2024.
- What is the lowest current account balance as a proportion of gdp recorded in Ireland?
- The lowest recorded value was -20.6% in 2019.
- How does Ireland rank for current account balance as a proportion of gdp?
- Ireland ranks 5th out of 205 countries with data for 2024.
- Is current account balance as a proportion of gdp rising or falling in Ireland?
- Over the last ten years it is up 737.7%. The long-run trend across the full record is volatile.
- Where does this Ireland data come from?
- The figures come from United Nations Statistics Division, SDG Global Database, published as part of Current account balance as a proportion of GDP (%). Statizoid updates them automatically from the source API.
Download this data
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