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Table 1.1 Balance of International Payments | € million | |||
Merchandise Balance | Services and Income Balance | Current Account Balance | Current Account Balance as % of GDP | |
Q1 2023 | 53,764 | -41,959 | 11,805 | 9.3 |
Q1 2024 | 38,814 | -23,923 | 14,891 | 11.9 |
Q1-Q4 2022 | 205,133 | -159,490 | 45,643 | 8.8 |
Q1-Q4 2023 | 156,059 | -114,795 | 41,262 | 8.1 |
The Balance of Payments current account, a measure of Ireland’s economic flows with the rest of the world, showed a surplus of €14.9bn in the first quarter of 2024 up €3.1bn on the Q12023 surplus of €11.8bn due to an increased services and income balance.
Current Account | |
Q4 2021 | 2.56769918861274 |
Q1 2022 | 11.937126336283 |
Q2 2022 | 9.75813593053436 |
Q3 2022 | 7.89283300080923 |
Q4 2022 | 5.85002687942436 |
Q1 2023 | 9.25099705602562 |
Q2 2023 | 9.03677188259617 |
Q3 2023 | 14.3336175413289 |
Q4 2023 | -0.410091618264022 |
Q1 2024 | 11.8699066487542 |
Merchandise | Services | Primary Income | Secondary Income | Balance on Current Account | |
Q4 2021 | 41.322 | -9.6 | -27.273 | -1.445 | 3.004 |
Q1 2022 | 46.228 | 9.386 | -39.858 | -1.178 | 14.578 |
Q2 2022 | 47.812 | 3.969 | -38.363 | -1.174 | 12.244 |
Q3 2022 | 56.515 | 1.192 | -45.642 | -1.128 | 10.937 |
Q4 2022 | 54.578 | -4.849 | -40.621 | -1.224 | 7.884 |
Q1 2023 | 53.764 | 1.052 | -41.815 | -1.196 | 11.805 |
Q2 2023 | 35.785 | 7.184 | -30.46 | -1.161 | 11.348 |
Q3 2023 | 36.843 | 10.763 | -27.863 | -1.113 | 18.629 |
Q4 2023 | 29.667 | -7.28 | -21.524 | -1.382 | -0.52 |
Q1 2024 | 38.814 | 9.294 | -32.043 | -1.174 | 14.891 |
Direct Investment | Portfolio Investment | Other Investment | Reserve Assets | Balance on Financial Account | |
Q4 2021 | 19.826 | -16.354 | 5.21 | 0.654 | 9.336 |
Q1 2022 | 16.015 | -39.856 | 43.463 | -0.129 | 19.493 |
Q2 2022 | 22.088 | -25.022 | 6.948 | 0.033 | 4.048 |
Q3 2022 | -25.095 | -46.79 | 81.206 | 0.603 | 9.923 |
Q4 2022 | 11.956 | -27.127 | 26.093 | -0.022 | 10.9 |
Q1 2023 | 13.809 | -24.222 | 16.125 | 0.011 | 5.723 |
Q2 2023 | 7.979 | 87.024 | -91.396 | -0.024 | 3.58 |
Q3 2023 | -20.573 | 44.828 | -5.339 | -0.529 | 18.387 |
Q4 2023 | 11.704 | -9.079 | 6.498 | 0.107 | 9.229 |
Q1 2024 | 14.211 | 33.405 | -36.741 | -0.085 | 10.789 |
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