Current Account in Ireland

Ireland Current Account | Economic News & Forecasts

Ireland - Current Account

Economic activity rebounded in the third quarter, after having contracted in the second quarter. Q3’s upturn was underpinned by a positive contribution from net trade as export growth held stable and imports contracted amid falling purchases of intellectual property products. On the domestic side, government expenditure picked up pace in Q3, while household spending remained subdued despite improving and fixed investment contracted. Turning to the fourth quarter, available data is mixed. Manufacturing output fell in October and the manufacturing PMI fell back into negative territory in November. In contrast, the services PMI rose to a three-month high in November on the back of firmer demand. In the same month, consumer sentiment rose for the first time in five months as households’ expectations for the coming year turned less pessimistic.

Ireland - Current Account Data

2013  2014  2015  2016  2017  
Current Account (% of GDP)1.6  1.1  4.4  -4.2  0.5  

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Ireland Current Account Chart

Ireland Current Account
Note: Current account balance as % of GDP.
Source: Central Statistics Office Ireland and FocusEconomics calculations.

Ireland Facts

Bond Yield-0.090.27 %Jan 01
Exchange Rate1.120.65 %Dec 31

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