Trade Balance in Ireland

Ireland Trade Balance | Economic News & Forecasts

Ireland - Trade Balance

GDP growth slowed significantly in Q3. Even after accounting for distortions caused by multinational activity, underlying momentum also dropped, with modified domestic demand growth easing in quarter-on-quarter terms. The slowdown was likely due to an end to the spurt of spending caused by the lifting of the lockdown earlier in the year, with private consumption growth ebbing substantially. Fixed investment and exports also softened amid ongoing supply bottlenecks. Nonetheless, there was still significant growth seen in contact-intensive sectors such as hotels and restaurants amid a rising vaccination rate. Turning to Q4, activity appears weaker. Retail sales and consumer confidence fell month-on-month in October and November, respectively, amid rising Covid-19 cases, the spread of the Omicron variant and the progressive tightening of Covid-19 restrictions since mid-November.

Ireland - Trade Balance Data

2015   2016   2017   2018   2019  
Trade Balance (USD billion)47.3  49.4  45.0  57.6  69.9  

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Ireland Trade Balance Chart

Ireland Trade
Note: Trade balance in EUR billion.
Source: Central Statistics Office Ireland.

Ireland Facts

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

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