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$, in 2019.
That places Ireland 6th out of 198 regions with data for 2024, putting it in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -9.83 billion BoP, current US$ | -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
- External balance on goods and services as a percent of GDP 40.2% (2025)
- Inflation of consumer prices 2.2% (2025)
- GDP per capita 104,417 constant 2015 US$ (2025)
- Share of manufacturing in gross domestic product (GDP) 33.9% (2025)
- Gross domestic product (GDP) 572.66 billion constant 2015 US$ (2025)
- GDP per capita in international and market dollars 104,417 constant 2015 US$ (2025)
- DEC alternative conversion factor 0.885 LCU per US$ (2025)
- Net secondary income (Net current transfers from abroad) -4.31 billion current LCU (2024)
- Net secondary income (Net current transfers from abroad) -4.66 billion current US$ (2024)
- Taxes less subsidies on products 31.21 billion current LCU (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 198 regions 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.