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International Accounts Q1 2023 Final

Balance of International Payments

Current account balance of €13.6bn in Quarter 1 2023

Online ISSN: 2565-6384

CSO statistical release, 14 July 2023, 11am

Table 1.1 Balance of International Payments				€ million
	Merchandise Balance	Services and Income Balance	Current Account Balance	Current Account Balance as % of GDP
Q1 2022	46,260	-30,219	16,042	13.5
Q1 2023	55,993	-42,422	13,572	10.7

Q1-Q4 2021	168,500	-108,968	59,532	13.7
Q1-Q4 2022	202,282	-147,695	54,589	10.8

Open in Excel: International Accounts Q1 2023 Table 1.1 (XLS 10KB)

Balance of Payments Current account

The Balance of Payments current account, a measure of Ireland’s economic flows with the rest of the world, showed a surplus of €13.6bn in the first quarter of 2023 down €2.5bn on the Q12022 surplus of €16bn. Reduced services and income balances were partially offset by an increased merchandise balance.

	Current Account
Q4 2020	-1.8804295517998
Q1 2021	16.4761199563341
Q2 2021	15.9552797914293
Q3 2021	19.3856637011868
Q4 2021	3.37455124560402
Q1 2022	13.5198401890292
Q2 2022	11.3119912946522
Q3 2022	7.1614478667581
Q4 2022	11.5106290265595
Q1 2023	10.6920291618368

	Merchandise	Services	Primary Income	Secondary Income	Balance on Current Account
Q4 2020	34.422	-15.111	-20.072	-1.045	-1.806
Q1 2021	42.194	5.997	-29.941	-1.287	16.962
Q2 2021	39.921	6.112	-28.575	-1.002	16.456
Q3 2021	45.042	6.112	-28.159	-0.692	22.303
Q4 2021	41.343	-12.772	-23.334	-1.427	3.811
Q1 2022	46.26	6.967	-36.005	-1.181	16.042
Q2 2022	47.937	1.245	-34.184	-1.193	13.805
Q3 2022	53.584	-2.018	-40.823	-1.146	9.598
Q4 2022	54.501	-6.428	-31.754	-1.175	15.144
Q1 2023	55.993	-0.825	-40.407	-1.19	13.572

Current account (see Table 1.3)

Merchandise exports were €88,977m in the first quarter of 2023, an increase of €10,612m compared with the first quarter of 2022. Merchandise imports were €32,984m in the first quarter of 2023, an increase of €880m over the same period in 2022.
Service exports at €83,194m increased by €4,732m compared to the first quarter of 2022, mainly due to higher computer services exports (which increased by €4,116m).
Service imports at €84,019m were up €12,524m over the same period in 2022, mainly due to increased royalty and business service imports (which increased by €8,049m and €3,111m respectively).
Ireland’s trade balance at €55,168m, all goods and services exports less all goods and services imports, increased by €1,941m in the first quarter of 2023 over the same period in 2022.
Investment income earned abroad at €45,882m, increased by €13,454m compared with one year earlier while investment income payable to foreign investors at €86,445m increased by €17,837m. The overall income balance for the quarter at -€41,597m decreased by €4,412m compared with the same period in 2022.

	Direct Investment	Portfolio Investment	Other Investment	Reserve Assets	Balance on Financial Account
Q4 2020	5.355	18.562	-14.148	0.396	10.167
Q1 2021	17.791	12.625	-19.438	0.173	11.152
Q2 2021	7.268	-6.509	24.242	0.072	25.074
Q3 2021	6.249	-9.942	13.307	4.081	13.696
Q4 2021	19.485	-15.819	2.913	0.654	7.233
Q1 2022	15.397	-38.231	40.334	-0.129	17.37
Q2 2022	24.269	-24.519	11.895	0.033	11.677
Q3 2022	-22.262	-47.113	77.433	0.603	8.66
Q4 2022	15.314	-27.917	26.274	-0.022	13.647
Q1 2023	8.547	-27.996	29.196	0.011	9.759

Financial account (see Tables 1.4 and 1.5)

Direct investment in Ireland increased by €2,020m in the first quarter of 2023. This was due to increased equity and other capital investments of €8,963m and €1,952m which were offset by decreased reinvestment of earnings of €8,896m. Direct investment abroad increased by €10,567m in the quarter, mainly due to increased reinvestment of earnings and equity investment.
Portfolio investment in foreign assets decreased by €10,332m in the quarter due to a decrease in investment in foreign debt instruments of €28,935m which was partially offset by increased equity of €18,603m. Portfolio investment in Ireland increased by €17,664m due to increased investment in equity and debt instruments of €7,723m and €9,942m.
Other investment assets grew by €25,892m and other investment liabilities decreased by €3,304m in the first quarter of 2023.

Table 1.2 Summary of Current, Capital and Financial Account Balances

Table 1.2 Summary of Current, Capital and Financial Account Balances														€ million
Period							Balance on Current Account	Balance on Capital Account	Direct Investment	Portfolio Investment	Other² Investment	Reserve Assets	Balance on Financial Account	Net errors and omissions
		Merchandise¹	services and income balance
			Services	Primary Income	Secondary Income	Total
2012	Year	36,896	-6,282	-33,939	-2,609	-42,830	-5,934	86	-20,497	-767	10,952	-12	-10,324	-4,476
2013	Year	34,506	-718	-28,069	-2,931	-31,718	2,787	-936	-16,137	35,737	-15,467	10	4,143	2,289
2014	Year	40,731	-5,546	-30,341	-2,750	-38,637	2,093	-6,769	-5,279	-27,862	20,506	136	-12,498	-7,824
2015	Year	113,394	-37,715	-60,785	-3,338	-101,838	11,556	-1,303	-44,510	-88,281	138,621	494	6,321	-3,930
2016	Year	106,088	-63,735	-49,912	-3,813	-117,460	-11,373	-4,331	-8,430	27,711	-29,073	1,456	-8,335	7,368
2017	Year	109,119	-43,491	-61,063	-3,106	-107,660	1,457	-25,855	-48,583	-57,643	89,127	399	-16,700	7,697
2018	Year	109,446	-16,342	-73,440	-3,656	-93,438	16,007	-52,019	14,540	37,841	-93,670	762	-40,525	-4,514
2019	Year	118,116	-105,564	-79,838	-3,486	-188,888	-70,772	-35,310	-104,826	10,153	-7,674	422	-101,925	4,156
2020	Year	142,529	-71,912	-91,289	-3,832	-167,033	-24,504	-11,877	-99,737	-5,051	71,431	1,282	-32,071	4,310
2021	Year	168,500	5,449	-110,009	-4,408	-108,968	59,532	1,448	50,793	-19,645	21,024	4,980	57,155	-3,825
2022	Year	202,282	-234	-142,766	-4,695	-147,695	54,589	-1,168	32,718	-137,780	155,936	485	51,354	-2,067

2015	Quarter 1	26,790	-5,794	-16,013	-986	-22,793	3,998	-707	38,272	-72,519	36,581	108	2,441	-849
	Quarter 2	26,894	-8,024	-11,422	-794	-20,240	6,654	-226	-2,591	13,757	-9,476	307	1,996	-4,432
	Quarter 3	29,755	-7,431	-17,792	-593	-25,816	3,939	100	9,983	-17,663	14,477	-24	6,773	2,735
	Quarter 4	29,955	-16,466	-15,558	-965	-32,989	-3,035	-470	-90,174	-11,856	97,039	103	-4,889	-1,384
2016	Quarter 1	27,290	-14,564	-11,001	-1,020	-26,585	705	-2,670	12,279	-7,497	1,420	1,095	7,297	9,262
	Quarter 2	24,440	-16,885	-11,342	-768	-28,995	-4,555	-586	-293	2,933	-14,069	-224	-11,653	-6,513
	Quarter 3	26,315	-12,294	-14,425	-820	-27,539	-1,224	161	-10,522	10,385	-7,662	379	-7,420	-6,357
	Quarter 4	28,043	-19,992	-13,144	-1,205	-34,341	-6,299	-1,236	-9,894	21,890	-8,762	206	3,441	10,976
2017	Quarter 1	25,187	-3,437	-15,139	-616	-19,192	5,994	-8,538	-2,307	-15,609	6,190	-101	-11,827	-9,283
	Quarter 2	24,546	-38,743	-16,392	-1,170	-56,305	-31,759	-12,079	-21,375	-41,427	28,371	163	-34,268	9,570
	Quarter 3	28,663	260	-13,902	-626	-14,268	14,395	-4,640	6,488	452	6,860	235	14,035	4,279
	Quarter 4	30,723	-1,571	-15,630	-694	-17,895	12,827	-598	-31,389	-1,059	47,706	102	15,360	3,131
2018	Quarter 1	28,481	632	-18,056	-974	-18,398	10,082	-109	15,545	19,454	-34,009	4	995	-8,979
	Quarter 2	28,125	-41	-17,298	-1,060	-18,399	9,726	59	10,072	-15,921	19,446	-8	13,589	3,804
	Quarter 3	27,339	1,279	-17,611	-830	-17,162	10,177	63	11,198	8,377	-16,084	196	3,688	-6,553
	Quarter 4	25,501	-18,212	-20,475	-792	-39,479	-13,978	-52,032	-22,275	25,931	-63,023	570	-58,797	7,214
2019	Quarter 1	30,551	334	-19,621	-1,346	-20,633	9,917	-6,936	10,253	5,354	-7,115	-7	8,485	5,504
	Quarter 2	27,129	-38,748	-21,285	-628	-60,661	-33,532	-17,385	-53,151	-17,922	17,619	116	-53,339	-2,422
	Quarter 3	31,248	1,313	-20,094	-852	-19,633	11,616	-5,093	-2,461	-8,325	12,318	144	1,677	-4,847
	Quarter 4	29,188	-68,463	-18,838	-660	-87,961	-58,773	-5,896	-59,467	31,046	-30,496	169	-58,748	5,921
2020	Quarter 1	36,218	-59,824	-21,844	-1,069	-82,737	-46,519	-3,061	-49,271	-79,843	70,773	139	-58,201	-8,621
	Quarter 2	34,345	430	-21,386	-982	-21,938	12,407	-7,552	-47,127	59,918	-727	-14	12,051	7,196
	Quarter 3	37,544	2,593	-27,987	-736	-26,130	11,414	-2,080	-8,694	-3,688	15,533	761	3,912	-5,422
	Quarter 4	34,422	-15,111	-20,072	-1,045	-36,228	-1,806	816	5,355	18,562	-14,148	396	10,167	11,157
2021	Quarter 1	42,194	5,997	-29,941	-1,287	-25,231	16,962	2,967	17,791	12,625	-19,438	173	11,152	-8,777
	Quarter 2	39,921	6,112	-28,575	-1,002	-23,465	16,456	914	7,268	-6,509	24,242	72	25,074	7,704
	Quarter 3	45,042	6,112	-28,159	-692	-22,739	22,303	-333	6,249	-9,942	13,307	4,081	13,696	-8,274
	Quarter 4	41,343	-12,772	-23,334	-1,427	-37,533	3,811	-2,100	19,485	-15,819	2,913	654	7,233	5,522
2022	Quarter 1	46,260	6,967	-36,005	-1,181	-30,219	16,042	812	15,397	-38,231	40,334	-129	17,370	516
	Quarter 2	47,937	1,245	-34,184	-1,193	-34,132	13,805	-171	24,269	-24,519	11,895	33	11,677	-1,957
	Quarter 3	53,584	-2,018	-40,823	-1,146	-43,987	9,598	-901	-22,262	-47,113	77,433	603	8,660	-37
	Quarter 4	54,501	-6,428	-31,754	-1,175	-39,357	15,144	-908	15,314	-27,917	26,274	-22	13,647	-589
2023	Quarter 1	55,993	-825	-40,407	-1,190	-42,422	13,572	-133	8,547	-27,996	29,196	11	9,759	-3,680
¹Adjusted for balance of payments purposes.
²Includes financial derivatives and also life insurance liabilities to non-residents. Occasionally includes large capital transactions which cannot be shown in the Capital Account Balance due to confidentiality constraints.

Open in Excel: International Accounts Q1 2023 Table 1.2 (XLS 16KB)

Visit Table BPQ15 on PxStat

Table 1.3 Current and Capital Accounts

Table 1.3 Current and Capital Accounts												€ million
		2021	2022	2021				2022				2023
Item		Year	Year	Quarter 1	Quarter 2	Quarter 3	Quarter 4	Quarter 1	Quarter 2	Quarter 3	Quarter 4	Quarter 1
Current Account
Merchandise¹	Exports	280,741	354,429	67,573	67,620	71,836	73,712	78,365	85,341	94,971	95,752	88,977
	Imports	112,240	152,146	25,379	27,698	26,794	32,369	32,104	37,404	41,387	41,251	32,984

International trade	Exports	165,716	208,449	40,353	40,586	41,141	43,636	52,203	52,868	53,698	49,680	50,868
	Imports	99,549	138,818	21,397	25,839	23,052	29,261	29,222	35,813	38,162	35,621	32,110
Goods for processing	Exports	101,456	131,975	22,919	21,973	25,001	31,563	18,450	32,280	37,397	43,848	35,008
	Imports	9,021	8,273	2,093	1,677	3,061	2,190	1,971	-98	1,492	4,908	-25
Other conceptual adjustments	Exports	-10,551	-10,093	-235	-2652	-1591	-6073	-1406	-2227	-2389	-4071	-2464
	Imports	3,670	5,055	1890	182	681	917	911	1689	1733	722	898
Merchanting (net export)	Exports	24,121	24,099	4,536	7,713	7,286	4,586	9,119	2,421	6,264	6,295	5,565

Services	Exports	299,781	339,622	64,350	72,097	75,206	88,128	78,462	83,185	86,488	91,487	83,194
	Imports	294,332	339,857	58,354	65,985	69,094	100,899	71,495	81,940	88,506	97,916	84,019
Repairs and Processing	Exports	1,720	2,635	359	370	400	591	585	541	755	754	711
	Imports	8,190	11,165	1,976	1,822	1,838	2,554	2,302	2,560	2,702	3,601	3,213
Transport	Exports	2,894	7,795	227	364	1,294	1,009	872	1,932	3,206	1,785	1,634
	Imports	4,751	6,066	1,075	1,094	1,180	1,402	1,302	1,514	1,733	1,517	1,218
Tourism and Travel ²	Exports	2,273	6,686	350	297	716	910	736	1,884	2,471	1,595	1,283
	Imports	2,166	8,054	131	182	860	993	864	2,124	3,162	1,904	1,781
Insurance	Exports	13,339	14,825	3,166	3,176	3,353	3,644	3,700	3,738	3,603	3,784	3,928
	Imports	10,354	14,172	2,531	2,735	2,487	2,601	3,602	3,551	3,526	3,493	3,536
Financial services	Exports	23,195	21,836	5,519	5,831	5,792	6,053	5,606	5,424	5,517	5,289	5,244
	Imports	20,698	19,808	4,993	5,237	5,202	5,266	5,090	4,953	4,900	4,865	4,598
Royalties/Licences	Exports	15,506	14,128	3,221	3,513	3,675	5,097	3,458	3,494	3,033	4,143	3,779
	Imports	113,164	135,948	22,739	26,412	27,647	36,366	29,032	32,601	32,891	41,424	37,081
of which: Pharmaceutical products and preparations	Exports	159	226	33	38	30	58	63	69	38	56	42
	Imports	18,476	30,939	3,140	4,825	3,655	6,856	3,969	7,859	7,823	11,288	6,063
Information and communication	Exports	9,696	7,339	1,981	2,227	2,245	3,243	2,333	1,905	*	*	1,103
	Imports	80,392	88,582	*	*	*	*	*	*	*	*	*
Communications	Exports	237	158	58	60	60	59	40	41	38	39	38
	Imports	755	640	180	189	194	192	159	161	162	158	158
Computer services³	Exports	173,750	195,719	37,581	42,245	42,770	51,154	45,520	48,871	48,812	52,516	49,636
	Imports	9,388	9,473	2,049	2,374	2,380	2,585	2,029	2,357	2,564	2,523	2,160
Business services	Exports	54,075	63,786	11,273	13,056	14,278	15,468	15,610	14,404	17,116	16,656	13,761
	Imports	123,026	132,164	22,284	25,513	26,822	48,407	26,605	31,483	36,290	37,786	29,716
Research and development	Exports	6,369	7,176	1,162	1,440	1,705	2,062	1,610	1,617	1,630	2,319	1,381
	Imports	45,821	45,133	6,201	7,168	8,101	24,351	8,115	10,327	13,033	13,658	7,946
of which: IP related	Exports	1,327	1,764	221	342	545	219	555	*	*	513	8
	Imports	18,209	8,080	737	623	*	*	1,026	*	*	773	542
Operational leasing	Exports	17,981	18,254	4,331	4,479	4,557	4,614	4,492	4,343	4,640	4,779	4,509
	Imports	1,596	1,695	352	388	396	460	388	404	445	458	383
Misc. business services⁴	Exports	29,726	38,356	5,781	7,137	8,016	8,792	9,508	8,444	10,846	9,558	7,872
	Imports	75,610	85,336	15,732	17,957	18,325	23,596	18,102	20,752	22,812	23,670	21,387
Other services n.e.s.	Exports	12,793	12,056	2,597	3,185	2,868	4,143	2,334	2,857	1,938	4,927	3,181
	Imports	1,840	2,365	396	426	484	534	510	636	575	644	559

Merchandise and Services - Total	Exports	580,522	694,052	131,923	139,717	147,042	161,840	156,827	168,526	181,459	187,240	172,171
	Imports	406,573	492,003	83,733	93,683	95,889	133,268	103,600	119,344	129,893	139,166	117,003

Trade Balance	Net	173,949	202,048	48,190	46,033	51,154	28,572	53,227	49,182	51,566	48,073	55,168

Primary Income	Inflows	126,049	153,352	30,984	33,536	26,933	34,596	32,910	39,968	33,232	47,242	46,355
	Outflows	236,058	296,118	60,925	62,111	55,092	57,930	68,915	74,152	74,055	78,996	86,762
Compensation of Employees	Inflows	152	413	38	38	38	38	105	112	98	98	98
	Outflows	453	643	128	94	114	117	146	153	166	178	170
Investment Income	Inflows	124,367	151,381	30,570	33,128	26,489	34,180	32,428	39,488	32,731	46,734	45,882
	Outflows	234,823	294,558	60,676	61,655	54,856	57,636	68,608	73,591	73,738	78,621	86,445
Direct investment income	Inflows	36,439	41,072	9,856	10,435	4,147	12,001	9,382	12,516	4,406	14,768	11,038
	Outflows	137,181	174,653	37,438	36,917	30,142	32,684	43,715	44,069	43,059	43,810	48,869

of which: Manufacturing	Outflows	88,383	117,777	26,225	21,403	20,218	20,537	32,195	27,195	31,478	26,909	33,201
Information and communication	Outflows	30,410	36,059	7,809	9,987	4,896	7,718	6,942	11,302	6,717	11,098	10,082

Income on equity	Inflows	34,643	37,468	9,412	10,071	3,672	11,488	8,871	11,920	3,525	13,152	9,952
	Outflows	127,921	162,845	34,887	34,618	27,807	30,609	41,206	41,493	40,024	40,122	45,342
Dividends & distributed	Inflows	13,727	8,912	7,980	1,131	3,180	1,436	1,066	1,284	5,010	1,552	1,707
branch profits	Outflows	75,219	83,342	35,976	8,521	13,767	16,955	28,497	5,559	17,809	31,477	54,247
Reinvested earnings	Inflows	20,916	28,556	1,432	8,940	492	10,052	7,805	10,636	-1,485	11,600	8,244
	Outflows	52,702	79,505	-1,089	26,097	14,040	13,654	12,710	35,934	22,216	8,645	-8,906
Income on debt	Inflows	1,796	3,605	444	364	475	513	511	596	882	1,616	1,087
	Outflows	9,259	11,807	2,551	2,298	2,335	2,075	2,508	2,576	3,035	3,688	3,528
Portfolio investment income	Inflows	74,087	86,493	17,324	19,255	18,951	18,557	19,036	23,248	21,524	22,685	24,051
	Outflows	83,691	101,479	19,785	20,977	21,553	21,376	21,287	25,850	25,570	28,772	30,227
Income on equity	Inflows	28,146	31,669	6,085	7,926	7,381	6,754	7,143	10,182	7,313	7,031	7,783
	Outflows	65,166	83,941	15,217	16,472	16,936	16,541	17,178	21,729	21,103	23,931	25,303
Income on debt	Inflows	45,941	54,824	11,239	11,329	11,570	11,803	11,894	13,065	14,211	15,654	16,268
	Outflows	18,524	17,537	4,568	4,505	4,617	4,834	4,109	4,121	4,467	4,840	4,925
Other investment income	Inflows	13,842	23,816	3,390	3,438	3,392	3,622	4,010	3,725	6,800	9,281	10,792
	Outflows	13,951	18,424	3,453	3,761	3,160	3,577	3,606	3,671	5,108	6,039	7,348
Other primary income	Inflows	1,529	1,559	376	370	406	377	377	368	404	410	375
	Outflows	783	917	121	362	123	177	161	408	151	197	147

Secondary Income	Inflows	6,483	7,879	1,270	1,358	1,883	1,972	1,889	1,865	2,211	1,914	2,167
	Outflows	10,892	12,574	2,557	2,361	2,575	3,399	3,070	3,057	3,357	3,090	3,357

Income Balance	Net	-114,417	-147,459	-31,228	-29,577	-28,851	-24,761	-37,185	-35,377	-41,968	-32,929	-41,597

Current Account - Total	Inflows	713,055	855,283	164,177	174,611	175,859	198,408	191,626	210,358	216,903	236,396	220,694
	Outflows	653,525	800,694	147,215	158,156	153,556	194,598	175,584	196,553	207,305	221,252	207,122

Current Account Balance	Net	59,532	54,589	16,962	16,456	22,303	3,811	16,042	13,805	9,598	15,144	13,572

Capital Account Balance	Net	1,448	-1,168	2,967	914	-333	-2,100	812	-171	-901	-908	-133

Memorandum Item:
Government Income	Inflows	39	54	10	10	13	6	6	14	14	20	13
	Outflows	2,565	2,455	789	653	526	597	814	481	552	608	797
¹Adjusted for balance of payments purposes.
²Under the credit item, passenger fare receipts of resident carriers from foreign visitors are excluded; such receipts are included under transport credits - see Background Notes.
³Covers exports and imports of software that were not incorporated as part of computer hardware or physical media but separately transmitted by electronic means. The value of sales and purchases of additional software licences is also included.
⁴Covers mainly advertising and inter-affiliate management charges.

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Table 1.4 Financial Account

Table 1.4 Financial Account¹												€ million
		2021	2022	2021				2022				2023
Item		Year		Quarter 1	Quarter 2	Quarter 3	Quarter 4	Quarter 1	Quarter 2	Quarter 3	Quarter 4	Quarter 1

Direct Investment	Abroad	47,471	8,922	-419	13,624	-2,291	36,557	8,148	-4,516	-14,735	20,025	10,567
	In Ireland	-3,325	-23,796	-18,210	6,355	-8,541	17,071	-7,249	-28,786	7,526	4,713	2,020

Equity	Abroad	47,819	-52,082	3,885	3,616	13,455	26,863	8,874	*	*	-392	1,992
	In Ireland	-17,782	-69,153	-119	3,765	-12,239	-9,189	-35,223	-23,109	-8,195	-2,626	8,963
Reinvested Earnings	Abroad	21,360	28,556	1,543	9,051	603	10,163	7,805	10,636	-1,485	11,600	8,244
	In Ireland	52,592	78,961	-1,081	26,102	13,976	13,595	12,767	35,790	21,869	8,535	-8,896
Other Capital	Abroad	-21,706	32,447	-5,846	957	-16,349	-468	-8,532	*	*	8,817	330
	In Ireland	-38,133	-33,601	-17,010	-23,511	-10,278	12,666	15,208	-41,465	-6,146	-1,198	1,952

Portfolio Investment	Assets	345,077	-41,525	75,152	89,482	56,150	124,293	-46,916	-12,879	-45,408	63,678	-10,332
	Liabilities	364,722	96,255	62,527	95,991	66,092	140,112	-8,685	11,640	1,705	91,595	17,664

Equity	Assets	183,454	-5,743	71,472	40,230	27,699	44,053	11,379	2,112	-16,915	-2,319	18,603
	Liabilities	282,999	96,677	45,495	73,893	51,053	112,558	-14,507	1,115	9,080	100,989	7,723
Debt Instruments	Assets	161,624	-35,782	3,680	49,253	28,451	80,240	-58,295	-14,991	-28,493	65,997	-28,935
	Liabilities	81,724	-420	17,032	22,098	15,039	27,555	5,823	10,525	-7,375	-9,393	9,942
Bonds and notes	Assets	119,626	-16,295	21,385	31,257	35,293	31,691	-2,255	-7,540	-15,834	9,334	43,432
	Liabilities	80,351	934	14,638	22,332	14,371	29,010	6,683	9,745	-3,302	-12,192	12,359
Money market instruments	Assets	41,998	-19,486	-17,705	17,996	-6,842	48,549	-56,039	-7,451	-12,659	56,663	-72,367
	Liabilities	1,373	-1,356	2,394	-234	668	-1,455	-861	779	-4,073	2,799	-2,417

Other Investment	Assets	21,389	87,640	18,315	-11,741	19,738	-4,923	101,839	-22,700	95,223	-86,722	25,892
	Liabilities	365	-68,296	37,753	-35,983	6,431	-7,836	61,505	-34,595	17,790	-112,996	-3,304

Loans, currency and deposits	Assets	60,070	128,237	-4,982	31,540	11,422	22,090	41,619	36,998	68,900	-19,280	57,776
	Liabilities	58,259	-29,597	32,872	-321	-3,047	28,755	19,442	17,547	-3,153	-63,433	12,362
Other²	Assets	-38,679	-40,596	23,297	-43,279	8,316	-27,013	60,220	-59,697	26,323	-67,442	-31,884
	Liabilities	-57,891	-38,696	4,881	-35,660	9,478	-36,590	42,064	-52,142	20,944	-49,562	-15,666

Reserve Assets		4,980	485	173	72	4081	654	-129	33	603	-22	11

Monetary gold		176	135	0	0	49	127	135	0	0	0	0
Special drawing rights		4,082	164	0	0	4003	79	0	1	171	-8	-7
Reserve position in the IMF		0	151	0	0	0	0	0	56	44	51	1
Foreign exchange		564	-100	370	-199	-127	520	-333	12	217	4	41
Other		156	135	-198	271	156	-73	69	-36	171	-69	-24

Balance on Financial Account		57,155	51,354	11,152	25,074	13,696	7,233	17,370	11,677	8,660	13,647	9,759

Net errors and omissions		-3,825	-2,067	-8,777	7,704	-8,274	5,522	516	-1,957	-37	-589	-3,680
Memorandum Item:
Government financial	Assets	-1,821	217	-1,808	-85	-171	243	-474	497	-241	435	-400
transactions	Liabilities	2,978	-9,632	6,728	-110	-1,415	-2,225	472	-126	-1,932	-8,046	2,747
¹Financial account transactions are categorised under two headings 'Assets' and 'Liabilities' for Portfolio Investment, Other Investment and Reserve Assets. 'For Direct Investment, a 'directional' categorisation is used: 'Abroad' 'indicates direct investment by Irish investors in foreign companies; 'Direct investment into Ireland is indicated by the heading 'In Ireland'.
²Includes financial derivatives; in the case of liabilities this category also includes life insurance liabilities to non-residents. Occasionally includes large capital transactions which cannot be shown in the Capital Account Balance due to confidentiality constraints.

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Table 1.5 Current, Capital and Financial Accounts showing IFSC and Non-IFSC activity

Table 1.5 – Current, Capital and Financial Account activity classified by Institutional Sector¹												€ million
		2021	2022	2021				2022				2023
Item		Year		Quarter 1	Quarter 2	Quarter 3	Quarter 4	Quarter 1	Quarter 2	Quarter 3	Quarter 4	Quarter 1
Current Account - Total	Inflows	713,055	855,283	164,177	174,611	175,859	198,408	191,626	210,358	216,903	236,396	220,694
	Outflows	653,525	800,694	147,215	158,156	153,556	194,598	175,584	196,553	207,305	221,252	207,122

Merchandise²	Exports	280,741	354,429	67,573	67,620	71,836	73,712	78,365	85,341	94,971	95,752	88,977
	Imports	112,240	152,146	25,379	27,698	26,794	32,369	32,104	37,404	41,387	41,251	32,984

Services	Exports	299,781	339,622	64,350	72,097	75,206	88,128	78,462	83,185	86,488	91,487	83,194
	Imports	294,332	339,857	58,354	65,985	69,094	100,899	71,495	81,940	88,506	97,916	84,019

General Government	Exports	448	464	110	111	111	116	115	114	115	120	77
	Imports	29	98	7	7	7	8	19	20	21	38	26
Monetary Authority ³	Exports	0	0	0	0	0	0	0	0	0	0	0
	Imports	0	0	0	0	0	0	0	0	0	0	0
Monetary Financial Institutions⁴	Exports	7,183	8,163	1,729	1,784	1,769	1,901	1,997	1,966	2,295	1,905	2,390
	Imports	2,947	3,611	754	743	719	731	748	855	1,098	910	1,101
Other Sectors⁵	Exports	292,151	330,998	62,511	70,202	73,327	86,111	76,350	81,106	84,079	89,463	80,728
	Imports	291,356	336,146	57,592	65,236	68,368	100,160	70,727	81,065	87,387	96,967	82,893
of which:
Other Financial Intermediaries	Exports	37,416	39,412	9,056	9,169	9,257	9,934	9,759	10,057	9,577	10,019	9,566
	Imports	51,269	40,658	8,945	8,243	8,926	25,155	9,847	10,538	10,294	9,979	9,899
Non-Financial Companies⁶	Exports	254,735	291,586	53,455	61,033	64,070	76,177	66,591	71,049	74,502	79,444	71,162
	Imports	240,087	295,490	48,647	56,993	59,442	75,005	60,881	70,528	77,093	86,988	72,993

Primary Income	Inflows	126,049	153,352	30,984	33,536	26,933	34,596	32,910	39,968	33,232	47,242	46,355
	Outflows	236,058	296,118	60,925	62,111	55,092	57,930	68,915	74,152	74,055	78,996	86,762

General Government	Inflows	39	54	10	10	13	6	6	14	14	20	13
	Outflows	2,565	2,455	789	653	526	597	814	481	552	608	797
Monetary Authority ³	Inflows	277	168	81	74	67	55	47	41	40	40	37
	Outflows	0	0	0	0	0	0	0	0	0	0	0
Monetary Financial Institutions⁴	Inflows	64	9,716	245	-16	-35	-130	-19	1,078	2,998	5,659	7,552
	Outflows	895	9,994	188	374	129	204	350	1,493	2,630	5,521	7,238
Other Sectors⁵	Inflows	125,671	143,414	30,648	33,469	26,889	34,665	32,876	38,834	30,181	41,523	38,753
	Outflows	232,599	283,669	59,948	61,084	54,437	57,130	67,751	72,178	70,873	72,867	78,727
of which:
Other Financial Intermediaries	Inflows	93,162	104,488	21,888	23,844	23,437	23,993	24,344	26,814	25,583	27,747	28,036
	Outflows	93,750	104,025	21,830	24,704	23,653	23,563	23,430	26,583	25,718	28,294	28,655
Non-Financial Companies⁶	Inflows	32,510	38,927	8,761	9,625	3,452	10,672	8,532	12,020	4,598	13,777	10,717
	Outflows	138,848	179,644	38,118	36,379	30,784	33,567	44,321	45,595	45,155	44,573	50,073

Secondary Income	Inflows	6,483	7,879	1,270	1,358	1,883	1,972	1,889	1,865	2,211	1,914	2,167
	Outflows	10,892	12,574	2,557	2,361	2,575	3,399	3,070	3,057	3,357	3,090	3,357

General Government	Inflows	247	113	6	28	182	31	31	28	9	45	12
	Outflows	3,931	3,986	1,110	852	693	1,276	993	1,017	935	1,041	1,002
Monetary Authority ³	Inflows	0	0	0	0	0	0	0	0	0	0	0
	Outflows	0	0	0	0	0	0	0	0	0	0	0
Monetary Financial Institutions⁴	Inflows	0	0	0	0	0	0	0	0	0	0	0
	Outflows	0	0	0	0	0	0	0	0	0	0	0
Other Sectors⁵	Inflows	6,238	7,767	1,264	1,331	1,701	1,942	1,858	1,837	2,203	1,869	2,155
	Outflows	6,961	8,589	1,447	1,509	1,882	2,123	2,077	2,041	2,422	2,049	2,355
of which:
Other Financial Intermediaries	Inflows	5,010	6,498	957	1,024	1,394	1,635	1,542	1,520	1,888	1,548	1,826
	Outflows	5,010	6,498	957	1,024	1,394	1,635	1,542	1,520	1,888	1,548	1,826
Non-Financial Companies⁶	Inflows	1,228	1,269	307	307	307	307	316	317	315	321	329
	Outflows	1,951	2,091	490	485	488	488	535	521	534	501	529

Balance on Current Account		59,532	54,589	16,962	16,456	22,303	3,811	16,042	13,805	9,598	15,144	13,572

Balance on Capital Account		1,448	-1,168	2,967	914	-333	-2,100	812	-171	-901	-908	-133

Financial Account⁷
Direct investment	Abroad	47,471	8,922	-419	13,624	-2,291	36,557	8,148	-4,516	-14,735	20,025	10,567
	In Ireland	-3,325	-23,796	-18,210	6,355	-8,541	17,071	-7,249	-28,786	7,526	4,713	2,020

General Government	Abroad	-3	0	*	*	*	*	0	0	0	0	*
	In Ireland	0	0	0	0	0	0	0	0	0	0	0
Monetary Authority ³	Abroad	0	0	0	0	0	0	0	0	0	0	0
	In Ireland	0	0	0	0	0	0	0	0	0	0	0
Monetary Financial Institutions⁴	Abroad	-296	725	*	*	*	*	570	173	-106	88	*
	In Ireland	-1,641	-710	-201	254	471	-2,165	-57	-232	-907	486	-129
Other Sectors⁵	Abroad	47,768	8,196	-369	13,865	-2,397	36,669	7,577	-4,688	-14,630	19,937	10,420
	In Ireland	-1,680	-23,088	-18,009	6,103	-9,011	19,237	-7,192	-28,553	8,433	4,224	2,149
of which:
Other Financial Intermediaries	Abroad	34,818	666	4,577	2,038	*	*	4,585	1,971	-5,696	-194	211
	In Ireland	64,315	-1,204	6,263	6,671	19,889	31,492	3,067	-17,331	10,466	2,594	-3,548
Non-Financial Companies⁶	Abroad	12,950	7,530	-4,946	11,827	*	*	2,992	-6,659	-8,934	20,131	10,209
	In Ireland	-65,995	-21,884	-24,272	-568	-28,900	-12,255	-10,259	-11,222	-2,033	1,630	5,697

Portfolio investment	Assets	345,077	-41,525	75,152	89,482	56,150	124,293	-46,916	-12,879	-45,408	63,678	-10,332
	Liabilities	364,722	96,255	62,527	95,991	66,092	140,112	-8,685	11,640	1,705	91,595	17,664

General Government	Assets	-1,167	420	-657	-62	-254	-194	0	567	-213	66	27
	Liabilities	1,148	-9,648	4,765	251	-1,394	-2,474	366	49	-1,994	-8,069	2,745
Monetary Authority ³	Assets	-3,116	-1,678	-845	-1,185	-1,112	26	-1,462	-298	-331	413	107
	Liabilities	0	0	0	0	0	0	0	0	0	0	0
Monetary Financial Institutions⁴	Assets	16,486	-33,736	-16,704	6,848	-23,866	50,208	-59,065	-14,694	-30,884	70,907	-71,854
	Liabilities	-12,528	43,489	-51,052	1,836	-12,318	49,006	-37,661	-6,880	4,290	83,740	-27,258
Other Sectors⁵	Assets	332,875	-6,530	93,358	83,881	81,383	74,253	13,612	1,546	-13,980	-7,708	61,388
	Liabilities	376,105	62,413	108,815	93,905	79,804	93,581	28,610	18,471	-592	15,924	42,178
of which:
Other Financial Intermediaries	Assets	332,993	-6,626	93,382	83,911	81,414	74,286	*	1,539	-13,989	*	61,395
	Liabilities	353,601	58,752	111,939	93,070	*	*	29,559	18,814	1,300	9,079	42,317
Non-Financial Companies⁶	Assets	-118	96	-24	-30	-31	-33	*	7	9	*	-7
	Liabilities	22,504	3,661	-3,124	835	*	*	-949	-343	-1,892	6,845	-139

Other investment	Assets	21,389	87,640	18,315	-11,741	19,738	-4,923	101,839	-22,700	95,223	-86,722	25,892
	Liabilities	365	-68,296	37,753	-35,983	6,431	-7,836	61,505	-34,595	17,790	-112,996	-3,304

General Government	Assets	-654	-203	-1,151	-23	83	437	-474	-70	-28	369	-427
	Liabilities	1,830	16	1,963	-361	*	*	106	-175	62	23	*
Monetary Authority ³	Assets	36,925	17,605	13,680	11,121	2,631	9,493	3,787	13,792	-5,334	5,360	-12,634
	Liabilities	5,296	2,232	119	605	*	*	233	1,139	385	475	*
Monetary Financial Institutions⁴	Assets	-79,291	97,492	-27,727	-10,169	8,141	-49,536	70,235	-60	67,454	-40,137	71,110
	Liabilities	-51,021	25,025	7,475	-7,404	-4,267	-46,825	42,746	-6,092	27,136	-38,765	11,712
Other Sectors⁵	Assets	64,413	-27,254	33,514	-12,669	8,884	34,684	28,291	-36,363	33,131	-52,313	-32,156
	Liabilities	44,259	-95,570	28,194	-28,823	6,548	38,340	18,420	-29,467	-9,794	-74,729	-15,306
of which:
Other Financial Intermediaries	Assets	66,606	-18,870	43,364	-14,435	6,390	31,287	37,695	-31,845	23,108	-47,828	-24,182
	Liabilities	33,540	-95,763	36,778	-33,575	3,330	27,007	25,204	-30,162	-16,284	-74,521	-6,639
Non-Financial Companies⁶	Assets	-2,193	-8,384	-9,850	1,766	2,494	3,397	-9,404	-4,518	10,023	-4,485	-7,974
	Liabilities	10,719	193	-8,584	4,752	3,218	11,333	-6,784	695	6,490	-208	-8,667

Reserve Assets		4,980	485	173	72	4,081	654	-129	33	603	-22	11

Balance on Financial Account		57,155	51,354	11,152	25,074	13,696	7,233	17,370	11,677	8,660	13,647	9,759
Net errors and omissions		-3,825	-2,067	-8,777	7,704	-8,274	5,522	516	-1,957	-37	-589	-3,680
¹Includes transactions which cannot be shown due to confidentiality constraints.
²Adjusted for balance of payments purposes.
³Central Bank of Ireland.
⁴Covering licensed credit institutions and money market funds.
⁵Other sectors includes financial corporations other than the Monetary Authority and Monetary Financial Institutions, non-financial service and manufacturing companies and other industrial enterprises as well as (implicitly) households (see Background Notes). The gross liabilities to non-residents of financial corporations covered in other sectors tend to be very significant.
⁶Including households.
⁷See footnote 1 on Table 1.4.

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Table 1.6 Current and Capital Accounts showing geographical detail

Table 1.6 Current and Capital Accounts showing geographical¹ detail												€ million
		2021	2022	2021				2022				2023
Item		Year		Quarter 1	Quarter 2	Quarter 3	Quarter 4	Quarter 1	Quarter 2	Quarter 3	Quarter 4	Quarter 1

Current Account - Total	Inflows	713,055	855,283	164,177	174,611	175,859	198,408	191,626	210,358	216,903	236,396	220,694
	Outflows	653,525	800,694	147,215	158,156	153,556	194,598	175,584	196,553	207,305	221,252	207,122

Merchandise²	Exports	280,741	354,429	67,573	67,620	71,836	73,712	78,365	85,341	94,971	95,752	88,977
	Imports	112,240	152,146	25,379	27,698	26,794	32,369	32,104	37,404	41,387	41,251	32,984
EMU	Exports	92,461	124,771	19,903	22,178	22,804	27,576	24,386	31,574	33,078	35,733	33,239
	Imports	38,874	51,940	7,697	11,168	9,130	10,879	10,408	12,086	12,948	16,498	13,878
Non-EMU	Exports	188,280	229,658	47,670	45,442	49,032	46,136	53,979	53,766	61,893	60,020	55,739
	Imports	73,366	100,207	17,682	16,530	17,664	21,490	21,697	25,318	28,439	24,753	19,106
EU	Exports	100,573	134,378	21,886	24,121	24,579	29,987	26,568	33,619	35,722	38,469	35,546
	Imports	42,996	57,012	8,672	12,253	10,099	11,972	11,580	13,371	14,288	17,773	15,204
Non-EU	Exports	180,168	220,050	45,687	43,499	47,257	43,725	51,797	51,722	59,248	57,283	53,432
	Imports	69,245	95,133	16,707	15,445	16,696	20,397	20,525	24,032	27,099	23,477	17,780

Services	Exports	299,781	339,622	64,350	72,097	75,206	88,128	78,462	83,185	86,488	91,487	83,194
	Imports	294,332	339,857	58,354	65,985	69,094	100,899	71,495	81,940	88,506	97,916	84,019
EMU	Exports	78,009	89,013	16,815	18,933	19,600	22,661	19,696	21,763	23,185	24,369	23,226
	Imports	40,607	57,130	7,356	9,737	9,392	14,122	9,618	14,268	15,796	17,448	11,161
Non-EMU	Exports	221,772	250,610	47,535	53,164	55,606	65,467	58,766	61,422	63,303	67,119	59,967
	Imports	253,724	282,729	50,997	56,248	59,702	86,777	61,878	67,673	72,710	80,468	72,858
EU	Exports	95,227	108,881	20,450	22,911	23,946	27,920	24,099	26,646	28,121	30,015	27,928
	Imports	44,361	61,830	8,179	10,733	10,312	15,137	10,659	15,467	16,999	18,705	12,412
Non-EU	Exports	204,555	230,742	43,900	49,186	51,261	60,208	54,363	56,540	58,367	61,472	55,266
	Imports	249,971	278,027	50,175	55,252	58,782	85,762	60,836	66,473	71,507	79,211	71,607

Primary Income	Inflows	126,049	153,352	30,984	33,536	26,933	34,596	32,910	39,968	33,232	47,242	46,355
	Outflows	236,058	296,118	60,925	62,111	55,092	57,930	68,915	74,152	74,055	78,996	86,762
EMU	Inflows	42,843	48,514	9,589	11,171	10,177	11,906	11,487	11,637	11,450	13,940	14,091
	Outflows	64,216	64,268	15,974	17,941	17,407	12,894	14,832	16,849	16,892	15,695	17,789
Non-EMU	Inflows	83,207	104,837	21,395	22,366	16,756	22,690	21,423	28,330	21,782	33,302	32,264
	Outflows	171,844	231,849	44,951	44,171	37,685	45,037	54,083	57,302	57,163	63,301	68,973
EU	Inflows	46,486	52,810	10,466	12,144	11,136	12,740	12,407	12,753	12,556	15,094	15,366
	Outflows	67,025	67,446	16,747	18,895	17,965	13,418	15,747	17,784	17,551	16,364	18,846
Non-EU	Inflows	79,564	100,542	20,518	21,393	15,797	21,856	20,503	27,215	20,677	32,147	30,989
	Outflows	169,034	228,671	44,178	43,216	37,128	44,512	53,168	56,368	56,504	62,631	67,916

Secondary Income	Inflows	6,483	7,879	1,270	1,358	1,883	1,972	1,889	1,865	2,211	1,914	2,167
	Outflows	10,892	12,574	2,557	2,361	2,575	3,399	3,070	3,057	3,357	3,090	3,357
EMU	Inflows	3,323	4,311	710	699	1,009	905	1,143	867	1,165	1,136	1,238
	Outflows	3,966	4,876	865	865	1,165	1,071	1,276	1,035	1,323	1,242	1,396
Non-EMU	Inflows	3,162	3,567	561	659	874	1,068	746	997	1,046	778	929
	Outflows	6,926	7,698	1,692	1,495	1,410	2,329	1,794	2,022	2,035	1,847	1,961
EU	Inflows	3,810	4,604	749	771	1,241	1,049	1,198	968	1,222	1,216	1,289
	Outflows	7,636	8,496	1,914	1,596	1,802	2,324	2,163	1,946	2,202	2,185	2,333
Non-EU	Inflows	2,675	3,274	521	588	643	923	691	896	989	698	878
	Outflows	3,256	4,078	643	765	773	1,075	907	1,111	1,155	905	1,024

Balance on Current Account		59,532	54,589	16,962	16,456	22,303	3,811	16,042	13,805	9,598	15,144	13,572

Balance on Capital Account		1,448	-1,168	2,967	914	-333	-2,100	812	-171	-901	-908	-133
¹The term ‘EMU’ means the area represented by the 19 Member States participating in Monetary Union since the enlargement of the Euro area on 1 January 2015 to include Lithuania (EMU-19). For years 2018 and 2019, the term ‘EU’ relates to transactions between residents of Ireland and other residents of the EU-28 area. From Q12020, the term ‘EU’ relates to transactions between residents of Ireland and other residents of the EU-27 area, which excludes the United Kingdom following their withdrawal from the European Union on 1 February 2020.
²Adjusted for balance of payments purposes.

Open in Excel: International Accounts Q1 2023 Table 1.6 (XLS 15KB)

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Table 1.7 Financial Account showing geographical detail

Table 1.7 Financial Account¹ showing geographical² detail												€ million
		2021	2022	2021				2022				2023
Item		Year		Quarter 1	Quarter 2	Quarter 3	Quarter 4	Quarter 1	Quarter 2	Quarter 3	Quarter 4	Quarter 1

Direct Investment	Abroad	47,471	8,922	-419	13,624	-2,291	36,557	8,148	-4,516	-14,735	20,025	10,567
	In Ireland	-3,325	-23,796	-18,210	6,355	-8,541	17,071	-7,249	-28,786	7,526	4,713	2,020

EMU	Abroad	31,859	23,150	1,077	3,954	17,529	9,299	4,223	9,370	1,871	7,686	3,493
	In Ireland	-18,843	26,739	1,333	-1,168	18,489	-37,497	6,635	-753	2,878	17,979	-948
Non-EMU	Abroad	15,608	-14,229	-1,496	9,669	-19,821	27,256	3,924	-13,887	-16,605	12,339	7,075
	In Ireland	15,517	-50,537	-19,544	7,523	-27,030	54,568	-13,885	-28,032	4,649	-13,269	2,968
EU	Abroad	33,099	19,972	468	4,566	19,187	8,878	4,398	9,021	2,808	3,745	3,921
	In Ireland	-18,069	26,476	2,082	-1,254	18,842	-37,739	6,913	-967	2,567	17,963	-3,256
Non-EU	Abroad	14,370	-11,053	-887	9,058	-21,478	27,677	3,748	-13,538	-17,543	16,280	6,646
	In Ireland	14,745	-50,272	-20,292	7,611	-27,382	54,808	-14,162	-27,818	4,959	-13,251	5,275

Portfolio Investment	Assets	345,077	-41,525	75,152	89,482	56,150	124,293	-46,916	-12,879	-45,408	63,678	-10,332
	Liabilities	364,722	96,255	62,527	95,991	66,092	140,112	-8,685	11,640	1,705	91,595	17,664

EMU	Assets	53,265	15,370	3,602	23,263	15,423	10,977	-5,391	-2,073	-14,682	37,516	12,427
	Liabilities	141,398	14,161	19,118	45,671	22,969	53,640	-34,308	2,542	10,152	35,775	6,904
Non-EMU	Assets	291,814	-56,895	71,551	66,220	40,727	113,316	-41,525	-10,806	-30,726	26,162	-22,760
	Liabilities	223,325	82,096	43,410	50,320	43,123	86,472	25,624	9,098	-8,447	55,821	10,761
EU	Assets	65,662	16,238	8,220	24,440	24,038	8,964	-8,723	-223	-14,401	39,585	12,776
	Liabilities	147,815	8,858	20,462	48,657	24,322	54,374	-36,702	2,526	8,317	34,717	8,019
Non-EU	Assets	279,415	-57,762	66,932	65,042	32,112	115,329	-38,192	-12,656	-31,007	24,093	-23,108
	Liabilities	216,908	87,398	42,065	47,334	41,770	85,739	28,017	9,114	-6,612	56,879	9,645

Other Investment³	Assets	21,389	87,640	18,315	-11,741	19,738	-4,923	101,839	-22,700	95,223	-86,722	25,892
	Liabilities	365	-68,296	37,753	-35,983	6,431	-7,836	61,505	-34,595	17,790	-112,996	-3,304

EMU	Assets	41,020	31,971	24,381	18,433	4,467	-6,261	26,949	17,269	18,173	-30,420	23,252
	Liabilities	5,852	-10,008	17,259	3,680	-3,546	-11,541	4,903	9,396	-610	-23,697	4,945
Non-EMU	Assets	-19,631	55,669	-6,066	-30,174	15,271	1,338	74,890	-39,969	77,050	-56,302	2,640
	Liabilities	-5,487	-58,286	20,493	-39,662	9,977	3,705	56,603	-43,991	18,401	-89,299	-8,249
EU	Assets	40,492	37,691	27,601	18,833	3,699	-9,641	30,027	15,063	22,883	-30,282	24,411
	Liabilities	11,444	-8,138	21,931	4,181	-2,864	-11,804	8,293	5,714	3,301	-25,446	5,707
Non-EU	Assets	-19,102	49,946	-9,286	-30,574	16,040	4,718	71,811	-37,764	72,339	-56,440	1,482
	Liabilities	-11,079	-60,157	15,821	-40,163	9,295	3,968	53,212	-40,309	14,489	-87,549	-9,012

Reserve Assets		4,980	485	173	72	4,081	654	-129	33	603	-22	11

Balance on Financial Account		57,155	51,354	11,152	25,074	13,696	7,233	17,370	11,677	8,660	13,647	9,759

Net errors and omissions		-3,825	-2,067	-8,777	7,704	-8,274	5,522	516	-1,957	-37	-589	-3,680
¹See footnote 1 on Table 1.4.
²The term ‘EMU’ means the area represented by the 19 Member States participating in Monetary Union since the enlargement of the Euro area on 1 January 2015 to include Lithuania (EMU-19). For years 2018 and 2019, the term ‘EU’ relates to transactions between residents of Ireland and other residents of the EU-28 area. From Q12020, the term ‘EU’ relates to transactions between residents of Ireland and other residents of the EU-27 area, which excludes the United Kingdom following their withdrawal from the European Union on 1 February 2020.
³Includes financial derivatives; in the case of liabilities this category also includes life insurance liabilities to non-residents. Occasionally includes large capital transactions which cannot be shown in the Capital Account Balance due to confidentiality constraints.

Open in Excel: International Accounts Q1 2023 Table 1.7 (XLS 15KB)

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Next chapter: Modified Current Account 2022

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International Accounts Q1 2023 Final

Balance of International Payments

Balance of International Payments

Current account balance of €13.6bn in Quarter 1 2023

Balance of Payments Current account

Current account (see Table 1.3)

Financial account (see Tables 1.4 and 1.5)

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