Current account balance in Ireland
Ireland: Current account balance was 105.99 billion BoP, current US$ in 2024. ◆ Volatile
Current account balance in Ireland, 2005–2024
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in BoP, current US$.
Analysis
The most recent figure for current account balance in Ireland is 105.99 billion BoP, current US$, measured in 2024. That is the highest value across all 20 years on record.
Compared with earlier readings it is up 136.9% on the previous year and up 1,815.0% over ten years.
Over the whole period, current account balance in Ireland peaked at 105.99 billion BoP, current US$ in 2024 and was at its lowest, -83.71 billion BoP, current US$, in 2019.
That places Ireland 6th out of 200 countries with data for 2024, putting it in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Current account balance in Ireland, year by year
| Year | BoP, current US$ | Change |
|---|---|---|
| 2005 | -7.14 billion BoP, current US$ | — |
| 2006 | -7.86 billion BoP, current US$ | +10.0% |
| 2007 | -13.85 billion BoP, current US$ | +76.1% |
| 2008 | -15.30 billion BoP, current US$ | +10.5% |
| 2009 | -5.01 billion BoP, current US$ | -67.3% |
| 2010 | 2.32 billion BoP, current US$ | -146.3% |
| 2011 | 2.83 billion BoP, current US$ | +22.0% |
| 2012 | -7.71 billion BoP, current US$ | -372.5% |
| 2013 | 5.83 billion BoP, current US$ | -175.6% |
| 2014 | 5.53 billion BoP, current US$ | -5.1% |
| 2015 | 18.65 billion BoP, current US$ | +236.9% |
| 2016 | -3.64 billion BoP, current US$ | -119.5% |
| 2017 | 5.74 billion BoP, current US$ | -257.8% |
| 2018 | 17.94 billion BoP, current US$ | +212.4% |
| 2019 | -83.71 billion BoP, current US$ | -566.6% |
| 2020 | -29.30 billion BoP, current US$ | -65.0% |
| 2021 | 65.12 billion BoP, current US$ | -322.2% |
| 2022 | 48.43 billion BoP, current US$ | -25.6% |
| 2023 | 44.74 billion BoP, current US$ | -7.6% |
| 2024 | 105.99 billion BoP, current US$ | +136.9% |
Ireland compared with similar countries
- Ireland's 105.99 billion BoP, current US$ is above the median for high income countries, which is 303.23 million BoP, current US$, 349.5× the median. (72 countries reporting)
- Ireland's 105.99 billion BoP, current US$ is above the median for Europe & Central Asia, which is -814.98 million BoP, current US$. (51 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -9.83 billion BoP, current US$ | -15.30 billion BoP, current US$ | -5.01 billion BoP, current US$ | 5 |
| 2010s | -3.62 billion BoP, current US$ | -83.71 billion BoP, current US$ | 18.65 billion BoP, current US$ | 10 |
| 2020s | 46.99 billion BoP, current US$ | -29.30 billion BoP, current US$ | 105.99 billion BoP, current US$ | 5 |
Countries ranked near Ireland
- 3 Japan 215.77 billion BoP, current US$ compare
- 4 South Korea 123.05 billion BoP, current US$ compare
- 5 Netherlands 110.92 billion BoP, current US$ compare
- 7 Singapore 100.93 billion BoP, current US$ compare
- 8 Norway 74.13 billion BoP, current US$ compare
- 9 Switzerland 72.88 billion BoP, current US$ compare
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)
- Foreign direct investment, net outflows (BoP, current US$), gaps 67.14 billion BoP, current US$ (2024)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.1102 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net outflows (BoP, current US$), per capita 12,444 BoP, current US$ per person (2024)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 4.82 billion BoP, current US$ (2024)
- Foreign direct investment, net inflows (BoP, current US$), annual 103.44 % change on previous year (2024)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0079 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net inflows (BoP, current US$), per capita 893.09 BoP, current US$ per person (2024)
- Total reserves (includes gold, current US$), annual growth rate 7.57 % change on previous year (2025)
Frequently asked questions
- What is current account balance in Ireland?
- Current account balance in Ireland was 105.99 billion BoP, current US$ in 2024, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest current account balance recorded in Ireland?
- The highest recorded value was 105.99 billion BoP, current US$ in 2024.
- What is the lowest current account balance recorded in Ireland?
- The lowest recorded value was -83.71 billion BoP, current US$ in 2019.
- How does Ireland rank for current account balance?
- Ireland ranks 6th out of 200 countries with data for 2024.
- Is current account balance rising or falling in Ireland?
- Over the last ten years it is up 1,815.0%. The long-run trend across the full record is volatile.
- Where does this Ireland data come from?
- The figures come from Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Current account balance (BoP, current US$). Statizoid updates them automatically from the source API.
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About this data
Balance of current transactions (transactions in goods and services, earned income and transfer income) between residents and non-residents. The term current account balance is used in the external accounts and is expressed from the perspective of resident units. The term current external balance is used in the national accounts and is expressed from the perspective of the non-resident units, and therefore with the opposite sign. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.