Ireland

IrelandCurrent account

IE desk: Ireland first; euro area, United Kingdom and United States alongside.

17.40%

+9.51 pp

As of 2024 | % of GDP

Latest
17.40% 2024
Previous year
7.89% 2023
Min
-20.56% 2019
Max
17.40% 2024
YearValue
202417.40%
20237.89%
20228.83%
202112.28%
2020-6.72%
2019-20.56%
20184.53%
20171.65%
2016-1.19%
20156.17%
20142.08%
20132.40%
2012-3.40%
20111.17%
20101.05%
2009-2.12%
2008-5.56%
2007-5.13%
2006-3.39%
2005-3.37%
#CountryCurrent accountChangeYear
7Ireland17.40%+9.51 pp202445Germany4.51%−1.39 pp202584France-0.27%−0.36 pp2025110United Kingdom-2.43%+0.53 pp2025131United States-3.63%+0.42 pp2025

What the current account is

The current-account balance as a share of GDP (BN.CAB.XOKA.GD.ZS) is exports minus imports of goods and services, plus net primary income and current transfers, divided by GDP. A surplus means the economy is a net lender to the rest of the world. Latest: 17.40% in 2024.

A large surplus or deficit is not automatically good or bad; it depends on saving, investment and the exchange rate. From 2005 to 2024 (20 years): latest 17.40% (2024), previous year 7.89% (2023); low -20.56% (2019), high 17.40% (2024).

Source: World Bank Open Data. Licence: CC BY 4.0 (terms).