Current Account in Ireland

Ireland Current Account | Economic News & Forecasts

Ireland - Current Account

Despite a notable expansion in domestic demand, growth weakened significantly in the third quarter as exports decelerated markedly amid lackluster growth across the Eurozone. This contrasts the second quarter’s relatively upbeat performance, with the economy oscillating between periods of weak and sturdy growth, underscoring the significant presence of multinationals in the country that causes a marked degree of volatility in GDP readings. Available indicators point to a solid performance at the outset of the fourth quarter. Export growth almost doubled in October from the previous month, and retail sales continued to expand robustly, although lost some strength from September. Conversely, both the manufacturing and services PMIs were lower, on average, in the first two months of the final quarter compared to Q3, and consumer confidence remained in pessimistic territory due to concerns linked to Brexit.

Ireland - Current Account Data

2013  2014  2015  2016  2017  
Current Account (% of GDP)2.1  1.6  10.9  3.3  12.5  

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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

ValueChangeDate
Bond Yield0.510.27 %Jan 16
Exchange Rate1.140.65 %Jan 16
Stock Market5,699-0.39 %Jan 16

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