Current account balance (credit less debit), Net (credits less) in Ireland
Ireland: Current account balance (credit less debit), Net (credits less) was 105.99 billion in 2024. ◆ Volatile
Current account balance (credit less debit), Net (credits less debits) in Ireland, 2005–2024
Source: International Monetary Fund.
Analysis
The most recent figure for current account balance (credit less debit), net (credits less debits) in Ireland is 105.99 billion, measured in 2024. That is the highest value across all 20 years on record.
The figure is up 136.9% on the previous year and up 1,815.0% over ten years.
Over the whole period, current account balance (credit less debit), net (credits less debits) in Ireland peaked at 105.99 billion in 2024 and was at its lowest, -83.71 billion, in 2019.
That places Ireland 6th out of 198 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 (credit less debit), Net (credits less) in Ireland, year by year
| Year | Value | Change |
|---|---|---|
| 2005 | -7.14 billion | — |
| 2006 | -7.86 billion | +10.0% |
| 2007 | -13.85 billion | +76.1% |
| 2008 | -15.30 billion | +10.5% |
| 2009 | -5.01 billion | -67.3% |
| 2010 | 2.32 billion | -146.3% |
| 2011 | 2.83 billion | +22.0% |
| 2012 | -7.71 billion | -372.5% |
| 2013 | 5.83 billion | -175.6% |
| 2014 | 5.53 billion | -5.1% |
| 2015 | 18.65 billion | +236.9% |
| 2016 | -3.64 billion | -119.5% |
| 2017 | 5.74 billion | -257.8% |
| 2018 | 17.94 billion | +212.4% |
| 2019 | -83.71 billion | -566.6% |
| 2020 | -29.30 billion | -65.0% |
| 2021 | 65.12 billion | -322.2% |
| 2022 | 48.43 billion | -25.6% |
| 2023 | 44.74 billion | -7.6% |
| 2024 | 105.99 billion | +136.9% |
Ireland compared with similar countries
- Ireland's 105.99 billion is above the median for high income countries, which is 547.38 million, 193.6× the median. (72 countries reporting)
- Ireland's 105.99 billion is above the median for Europe & Central Asia, which is -449.44 million. (50 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -9.83 billion | -15.30 billion | -5.01 billion | 5 |
| 2010s | -3.62 billion | -83.71 billion | 18.65 billion | 10 |
| 2020s | 46.99 billion | -29.30 billion | 105.99 billion | 5 |
Countries ranked near Ireland
- 3 Japan 194.26 billion compare
- 4 Taiwan 112.73 billion compare
- 5 Netherlands 110.92 billion compare
- 7 South Korea 99.04 billion compare
- 8 Singapore 96.02 billion compare
- 9 Switzerland 72.01 billion compare
More financial sector data for Ireland
- Reserve position in the IMF, US dollar, annual growth rate 13.07 % change on previous year (2025)
- Reserve position in the IMF, US dollar, per unit of GDP 0.0017 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 223.7 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate 7.68 % change on previous year (2025)
- Reserve position in the IMF, SDR, per unit of GDP 0.0012 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 163.34 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 13.07 % change on previous year (2025)
- Reserve tranche position, US dollar, per unit of GDP 0.0017 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 223.7 units per person (2025)
- Reserve tranche position, SDR, annual growth rate 7.68 % change on previous year (2025)
Frequently asked questions
- What is current account balance (credit less debit), net (credits less debits) in Ireland?
- Current account balance (credit less debit), net (credits less debits) in Ireland was 105.99 billion in 2024, according to International Monetary Fund.
- What is the highest current account balance (credit less debit), net (credits less debits) recorded in Ireland?
- The highest recorded value was 105.99 billion in 2024.
- What is the lowest current account balance (credit less debit), net (credits less debits) recorded in Ireland?
- The lowest recorded value was -83.71 billion in 2019.
- How does Ireland rank for current account balance (credit less debit), net (credits less debits)?
- Ireland ranks 6th out of 198 countries with data for 2024.
- Is current account balance (credit less debit), net (credits less debits) 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 International Monetary Fund, published as part of Current account balance (credit less debit), Net (credits less debits) (US dollar). Statizoid updates them automatically from the source API.
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About this data
The World and Country Group Aggregates (historically called BOPSY) is an annual publication, released each November, of major balance of payments and international investment position components for countries, country groups, and the world.