Current account balance as a share of GDP in Ireland
Ireland: Current account balance as a share of GDP was 17.4% in 2024. ◆ Volatile
Current account balance as a share of GDP in Ireland, 2005–2024
Source: International Monetary Fund – processed by Our World in Data. Measured in %.
Analysis
In 2024, current account balance as a share of gdp in Ireland stood at 17.4%. That is the highest value across all 20 years on record.
That represents a change of up 120.5% on the previous year and up 736.5% over ten years.
Over the whole period, current account balance as a share of gdp in Ireland peaked at 17.4% in 2024 and was at its lowest, -20.6%, in 2019.
That places Ireland 6th out of 193 countries with data for 2024, putting it 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 share of GDP in Ireland, year by year
| Year | % | Change |
|---|---|---|
| 2005 | -3.4% | — |
| 2006 | -3.4% | +0.6% |
| 2007 | -5.1% | +51.3% |
| 2008 | -5.6% | +8.4% |
| 2009 | -2.1% | -61.9% |
| 2010 | 1.1% | -149.5% |
| 2011 | 1.2% | +11.4% |
| 2012 | -3.4% | -390.6% |
| 2013 | 2.4% | -170.6% |
| 2014 | 2.1% | -13.3% |
| 2015 | 6.2% | +196.6% |
| 2016 | -1.2% | -119.3% |
| 2017 | 1.6% | -238.7% |
| 2018 | 4.5% | +174.5% |
| 2019 | -20.6% | -553.9% |
| 2020 | -6.7% | -67.3% |
| 2021 | 12.3% | -282.7% |
| 2022 | 8.8% | -28.1% |
| 2023 | 7.9% | -10.6% |
| 2024 | 17.4% | +120.5% |
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
- 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)
- Services, value added (current US$), annual growth rate 10.99 % change on previous year (2025)
- Services, value added (current US$), per unit of GDP 0.5674 current US$ per US$ of GDP (2025)
- Services, value added (current US$), per capita 74,661 current US$ per person (2025)
- Services, value added (current LCU), annual growth rate 6.31 % change on previous year (2025)
- Services, value added (current LCU), per unit of GDP 0.5021 current LCU per US$ of GDP (2025)
- Services, value added (current LCU), per capita 66,073 current LCU per person (2025)
- Services, value added (constant 2015 US$), annual growth rate 3.54 % change on previous year (2025)
- Services, value added (constant 2015 US$), per unit of GDP 0.4176 constant 2015 US$ per US$ of GDP (2025)
Frequently asked questions
- What is current account balance as a share of gdp in Ireland?
- Current account balance as a share of gdp in Ireland was 17.4% in 2024, according to International Monetary Fund – processed by Our World in Data.
- What is the highest current account balance as a share of gdp recorded in Ireland?
- The highest recorded value was 17.4% in 2024.
- What is the lowest current account balance as a share of gdp recorded in Ireland?
- The lowest recorded value was -20.6% in 2019.
- How does Ireland rank for current account balance as a share of gdp?
- Ireland ranks 6th out of 193 countries with data for 2024.
- Is current account balance as a share of gdp rising or falling in Ireland?
- Over the last ten years it is up 736.5%. The long-run trend across the full record is volatile.
- Where does this Ireland data come from?
- The figures come from International Monetary Fund – processed by Our World in Data, published as part of Current account balance as a share of GDP. Statizoid updates them automatically from the source API.
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CSV · JSON — 20 observations, free to reuse under CC BY 4.0 (Our World in Data).
About this data
Current account balance as a proportion of GDP (%).