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International Accounts Q1 2025 Final

Balance of International Payments

Current account balance of €5.8bn in Quarter 1 2025

Online ISSN: 2565-6384

CSO statistical release, 08 July 2025, 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 2024	39,060	-21,149	17,912	13.5
Q1 2025	74,219	-68,382	5,837	3.5

Q1-Q4 2023	156,686	-119,770	36,916	7.0
Q1-Q4 2024	175,553	-84,583	90,971	16.2

Open in Excel: International Accounts Q1 2025 Table 1.1 (XLS 13KB)

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 €5.8bn in the first quarter of 2025, a decrease of €12.1bn compared with the Q1 2024 surplus of €17.9bn due to increases in both the merchandise and services balance being offset by increased outflows of investment income.

	Current Account
Q4 2022	5.6895945153579
Q1 2023	8.27825484930378
Q2 2023	8.52016115699071
Q3 2023	12.0696369727047
Q4 2023	-0.966335762589761
Q1 2024	13.4756461475278
Q2 2024	26.0444616113246
Q3 2024	13.7311394649722
Q4 2024	12.0023682063667
Q1 2025	3.49396535257774

	Merchandise	Services	Primary Income	Secondary Income	Balance on Current Account
Q4 2022	54.578	-4.849	-40.621	-1.224	7.884
Q1 2023	54.091	2.575	-44.541	-1.201	10.924
Q2 2023	36.888	8.983	-33.674	-1.143	11.054
Q3 2023	36.183	12.995	-31.907	-1.088	16.184
Q4 2023	29.524	-5.964	-23.578	-1.227	-1.246
Q1 2024	39.06	14.876	-34.858	-1.167	17.912
Q2 2024	38.578	26.524	-28.731	-1.161	35.211
Q3 2024	42.911	11.427	-33.6	-1.041	19.696
Q4 2024	55.004	6.863	-42.496	-1.219	18.152
Q1 2025	74.219	-0.375	-66.959	-1.048	5.837

Current account (see Table 1.3)

Merchandise exports were €113,079m in the first quarter of 2025, an increase of €37,540m compared with the first quarter of 2024. Merchandise imports were €38,860m in first quarter of 2025, an increase of €2,381m over the same period in 2024.
Service exports at €115,263m increased by €7,996m compared to the first quarter of 2024, mainly due to higher computer services exports which increased by €8,256m.
Service imports at €115,638m were up €23,247m over the same period in 2024, mainly due to higher business services imports which increased by €16,566m and royalty imports which increased by €6,431m.
Ireland’s trade balance at €73,844m, all goods and services exports less all goods and services imports increased by €19,908m in the first quarter of 2025 over the same period in 2024.
Investment income earned abroad at €71,290m, increased by €7,744m compared with one year earlier while investment income payable to foreign investors at €138,294m increased by €39,780m. The overall income balance for the quarter at -€68,007m decreased by €31,983m compared with the same period in 2024.

	Direct Investment	Portfolio Investment	Other Investment	Reserve Assets	Balance on Financial Account
Q4 2022	11.956	-27.127	26.093	-0.022	10.9
Q1 2023	13.465	-24.241	16.64	0.011	5.875
Q2 2023	8.726	86.983	-90.067	-0.024	5.616
Q3 2023	-21.691	44.794	-10.029	-0.529	12.544
Q4 2023	13.168	-8.961	1.241	0.107	5.555
Q1 2024	20.348	29.638	-39.238	-0.085	10.661
Q2 2024	47.519	-5.109	-1.509	0.007	40.907
Q3 2024	-16.847	23.753	10.03	-0.305	16.631
Q4 2024	11.109	14.697	-0.964	0.245	25.087
Q1 2025	-3.793	4.38	12.53	0.238	13.354

Financial account (see Tables 1.4 and 1.5)

Direct investment in Ireland increased by €17,184m in the first quarter of 2025. This was due to an increase in increased reinvested earnings of €55,805m offset by other capital investment of €38,911m.
Direct investment abroad increased by €13,391m in the quarter, due to increased reinvested earnings of €15,772m and decreased equity investment of €2,321m and other capital investment of €59m.
Portfolio investment in foreign assets increased by €103,265m in the quarter due to increased investment in foreign equity and debt instruments (up €55,286m and €47,980m respectively). Portfolio investment in Ireland increased by €98,885m mainly due to an increase in equity investment of €92,570m as well as increased debt instruments of €6,315m.
Other investment assets grew by €117,976m while other investment liabilities grew by €105,446m in the first quarter of 2025.

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	1,619	-28,808	-2,931	-30,120	4,387	-936	-18,310	49,796	-27,206	10	4,290	839
2014	Year	40,731	-2,590	-31,251	-2,750	-36,591	4,138	-6,769	-10,098	-27,787	30,749	136	-6,999	-4,368
2015	Year	113,394	-32,601	-60,742	-3,338	-96,681	16,712	-1,303	-42,677	-84,004	138,586	494	12,400	-3,009
2016	Year	106,165	-54,708	-51,077	-3,813	-109,598	-3,434	-4,331	14,202	34,625	-55,849	1,456	-5,566	2,199
2017	Year	108,244	-35,197	-66,415	-3,106	-104,718	3,528	-25,855	-62,273	-34,500	73,821	399	-22,555	-228
2018	Year	108,595	-9,785	-80,786	-3,656	-94,227	14,370	-52,019	9,024	39,890	-87,533	762	-37,855	-206
2019	Year	117,265	-99,819	-89,335	-3,479	-192,633	-75,369	-35,310	-115,722	12,635	-4,272	422	-106,938	3,741
2020	Year	142,445	-62,878	-102,756	-3,832	-169,466	-27,024	-11,877	-105,140	-8,358	69,643	1,282	-42,574	-3,673
2021	Year	168,415	18,868	-128,199	-4,436	-113,767	54,648	1,502	41,504	-10,478	16,649	4,980	52,657	-3,493
2022	Year	205,133	9,698	-164,484	-4,704	-159,490	45,643	-927	24,964	-138,795	157,710	485	44,364	-352
2023	Year	156,686	18,589	-133,700	-4,659	-119,770	36,916	-8,725	13,668	98,575	-82,215	-435	29,590	1,399
2024	Year	159,609	67,703	-132,047	-4,536	-68,880	90,731	-4,073	62,129	62,979	-31,681	-138	93,286	4,896

2015	Quarter 1	26,790	-4,471	-16,343	-986	-21,800	4,989	-707	40,300	-72,413	35,780	108	3,777	-505
	Quarter 2	26,894	-6,830	-11,694	-794	-19,318	7,576	-226	-960	14,754	-9,286	307	4,816	-2,534
	Quarter 3	29,755	-6,151	-16,795	-593	-23,539	6,216	100	10,429	-15,637	14,268	-24	9,035	2,719
	Quarter 4	29,955	-15,149	-15,910	-965	-32,024	-2,069	-470	-92,446	-10,708	97,824	103	-5,228	-2,689
2016	Quarter 1	27,367	-13,070	-11,497	-1,020	-25,587	1,779	-2,670	12,895	-5,514	-600	1,095	7,876	8,767
	Quarter 2	24,440	-12,286	-11,117	-768	-24,171	270	-586	1,982	3,882	-15,589	-224	-9,948	-9,632
	Quarter 3	26,315	-10,958	-14,804	-820	-26,582	-267	161	-1,695	12,528	-16,888	379	-5,676	-5,570
	Quarter 4	28,043	-18,394	-13,659	-1,205	-33,258	-5,216	-1,236	1,020	23,729	-22,772	206	2,182	8,634
2017	Quarter 1	24,968	-1,314	-16,441	-616	-18,371	6,597	-8,538	-6,608	-14,015	9,518	-101	-11,206	-9,265
	Quarter 2	24,327	-36,726	-17,781	-1,170	-55,677	-31,349	-12,079	-24,153	-39,145	28,803	163	-34,333	9,095
	Quarter 3	28,445	2,205	-15,168	-626	-13,589	14,857	-4,640	2,681	9,996	-12,027	235	885	-9,332
	Quarter 4	30,504	638	-17,025	-694	-17,081	13,423	-598	-34,193	8,664	47,527	102	22,099	9,274
2018	Quarter 1	28,269	2,290	-19,930	-974	-18,614	9,655	-109	15,470	20,655	-35,824	4	305	-9,241
	Quarter 2	27,912	1,604	-19,068	-1,060	-18,524	9,389	59	7,736	-15,699	22,818	-8	14,847	5,399
	Quarter 3	27,126	2,911	-19,441	-830	-17,360	9,766	63	10,896	8,067	-13,626	196	5,534	-4,295
	Quarter 4	25,288	-16,590	-22,347	-792	-39,729	-14,440	-52,032	-25,078	26,867	-60,901	570	-58,541	7,931
2019	Quarter 1	30,338	1,646	-22,020	-1,344	-21,718	8,620	-6,936	8,739	5,672	-175	-7	14,228	12,544
	Quarter 2	26,916	-37,315	-23,925	-626	-61,866	-34,950	-17,385	-51,647	-16,764	14,493	116	-53,802	-1,467
	Quarter 3	31,036	2,720	-22,544	-850	-20,674	10,361	-5,093	-3,093	-7,609	5,636	144	-4,922	-10,190
	Quarter 4	28,975	-66,870	-20,846	-659	-88,375	-59,400	-5,896	-69,721	31,336	-24,226	169	-62,442	2,854
2020	Quarter 1	36,197	-57,566	-24,838	-1,069	-83,473	-47,277	-3,061	-49,575	-82,024	72,766	139	-58,695	-8,357
	Quarter 2	34,324	2,688	-24,286	-982	-22,580	11,743	-7,552	-49,604	59,979	-2,251	-14	8,110	3,919
	Quarter 3	37,523	4,852	-30,755	-736	-26,639	10,883	-2,080	-9,988	-6,585	18,997	761	3,184	-5,619
	Quarter 4	34,401	-12,852	-22,877	-1,045	-36,774	-2,373	816	4,027	20,272	-19,869	396	4,827	6,384
2021	Quarter 1	42,172	9,412	-34,612	-1,290	-26,490	15,682	2,974	15,274	16,826	-22,368	173	9,906	-8,750
	Quarter 2	39,900	9,527	-33,275	-1,006	-24,754	15,146	914	3,022	-4,691	22,982	72	21,386	5,326
	Quarter 3	45,021	9,529	-33,039	-695	-24,205	20,816	-333	3,382	-6,259	10,825	4,081	12,029	-8,454
	Quarter 4	41,322	-9,600	-27,273	-1,445	-38,318	3,004	-2,053	19,826	-16,354	5,210	654	9,336	8,385
2022	Quarter 1	46,228	9,386	-39,858	-1,178	-31,650	14,578	772	16,015	-39,856	43,463	-129	19,493	4,143
	Quarter 2	47,812	3,969	-38,363	-1,174	-35,568	12,244	-124	22,088	-25,022	6,948	33	4,048	-8,072
	Quarter 3	56,515	1,192	-45,642	-1,128	-45,578	10,937	-878	-25,095	-46,790	81,206	603	9,923	-136
	Quarter 4	54,578	-4,849	-40,621	-1,224	-46,694	7,884	-697	11,956	-27,127	26,093	-22	10,900	3,713
2023	Quarter 1	54,091	2,575	-44,541	-1,201	-43,167	10,924	-492	13,465	-24,241	16,640	11	5,875	-4,557
	Quarter 2	36,888	8,983	-33,674	-1,143	-25,834	11,054	-5,680	8,726	86,983	-90,067	-24	5,616	242
	Quarter 3	36,183	12,995	-31,907	-1,088	-20,000	16,184	-1,673	-21,691	44,794	-10,029	-529	12,544	-1,967
	Quarter 4	29,524	-5,964	-23,578	-1,227	-30,769	-1,246	-880	13,168	-8,961	1,241	107	5,555	7,681
2024	Quarter 1	39,060	14,876	-34,858	-1,167	-21,149	17,912	-1,634	20,348	29,638	-39,238	-85	10,661	-5,617
	Quarter 2	38,578	26,524	-28,731	-1,161	-3,368	35,211	-426	47,519	-5,109	-1,509	7	40,907	6,122
	Quarter 3	42,911	11,427	-33,600	-1,041	-23,214	19,696	-379	-16,847	23,753	10,030	-305	16,631	-2,686
	Quarter 4	55,004	6,863	-42,496	-1,219	-36,852	18,152	-142	11,109	14,697	-964	245	25,087	7,077
2025	Quarter 1	74,219	-375	-66,959	-1,048	-68,382	5,837	-11	-3,793	4,380	12,530	238	13,354	7,528
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 2025 Table 1.2 (XLS 21KB)

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Table 1.3 Current and Capital Accounts

Table 1.3 Current and Capital Accounts												€ million
		2023	2024	2023				2024				2025
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	306,245	327,370	89,007	74,612	70,703	71,923	75,539	78,223	81,402	92,206	113,079
	Imports	149,558	151,817	34,915	37,725	34,519	42,399	36,479	39,644	38,492	37,202	38,860

International trade	Exports	196,030	224,738	50,949	50,145	47,581	47,355	54,027	54,180	57,993	58,538	88,375
	Imports	134,698	128,352	33,179	34,235	31,157	36,127	30,437	32,000	32,399	33,516	34,197
Goods for processing	Exports	97,631	91,112	33,301	21,338	19,103	23,889	20,103	21,704	19,490	29,815	17,440
	Imports	9,711	16,037	898	1,713	1,934	5,166	4,925	5,656	3,499	1,957	3,487
Other conceptual adjustments	Exports	-14,563	-20,109	-2233	-2533	-2962	-6835	-3637	-4940	-3987	-7,545	-3,833
	Imports	5,150	7,428	839	1776	1428	1107	1117	1988	2593	1,730	1,176
Merchanting (net export)	Exports	27,146	31,630	6,989	5,663	6,980	7,514	5,047	7,279	7,906	11,398	11,098

Services	Exports	410,148	482,967	92,955	100,627	104,486	112,080	107,267	131,842	115,965	127,893	115,263
	Imports	391,559	423,277	90,380	91,644	91,491	118,044	92,391	105,318	104,538	121,030	115,638
Repairs and Processing	Exports	2,805	1,164	616	810	669	710	226	239	261	438	211
	Imports	11,712	8,850	3,440	2,567	2,447	3,258	1,952	2,077	1,960	2,861	1,998
Transport	Exports	10,541	10,767	1,634	2,828	3,945	2,134	1,830	2,699	3,950	2,288	1,629
	Imports	5,800	5,941	1,353	1,478	1,304	1,665	1,409	1,551	1,509	1,472	1,506
Tourism and Travel ²	Exports	6,981	7,256	1,505	1,729	2,132	1,615	1,370	1,993	2,335	1,558	1,116
	Imports	12,219	13,075	2,203	3,440	3,638	2,938	2,055	3,621	4,050	3,349	2,339
Insurance	Exports	15,886	17,017	3,808	3,990	3,910	4,178	3,880	4,149	4,426	4,562	4,509
	Imports	14,248	14,704	3,468	3,745	3,477	3,558	3,630	3,309	3,758	4,007	3,731
Financial services	Exports	22,987	26,895	5,340	5,714	5,916	6,017	6,688	6,645	6,522	7,040	6,624
	Imports	20,317	23,602	4,857	5,144	5,116	5,200	5,922	5,766	5,743	6,171	5,822
Royalties/Licences	Exports	16,177	16,316	3,889	3,383	3,816	5,089	3,255	3,777	4,047	5,237	3,238
	Imports	142,506	164,173	37,021	30,906	33,405	41,174	35,614	39,791	39,837	48,931	42,045
of which: Pharmaceutical products and preparations	Exports	269	2,084	43	86	29	111	..	..	..	660	..
	Imports	25,738	23,191	6,324	6,807	4,578	8,029	4,835	5,222	4,431	8,703	5,702
Information and communication	Exports	6,342	2,056	1,305	1,379	1,349	2,309	950	..	1,106	..	838
	Imports	99,342	125,922	..	..	..	..	..	..	..	..	..
Communications	Exports	173	223	49	45	42	37	55	56	56	56	55
	Imports	792	893	194	197	202	199	216	216	218	243	216
Computer services³	Exports	234,216	278,729	53,752	56,654	58,540	65,270	64,161	67,786	68,063	78,719	72,417
	Imports	11,603	16,982	2,587	2,727	3,289	3,000	3,913	4,304	4,304	4,461	4,119
Business services	Exports	71,196	94,510	15,577	18,064	18,667	18,888	19,397	36,871	18,554	19,688	17,557
	Imports	153,514	152,649	30,765	36,531	33,755	52,463	32,591	38,308	37,855	43,895	49,157
Research and development	Exports	10,621	32,681	1,988	2,566	3,346	2,721	4,022	..	3,073	..	2,298
	Imports	56,543	44,866	8,850	10,543	10,804	26,346	9,125	11,689	11,264	12,788	22,784
of which: IP related	Exports	2,068	21,096	127	599	1,000	342	518	..	510	..	192
	Imports	16,481	2,724	759	506	..	..	175	934	644	971	..
Operational leasing	Exports	19,791	20,114	4,817	4,925	4,975	5,074	4,970	5,000	5,070	5,074	5,166
	Imports	1,684	1,771	461	413	406	404	436	443	438	454	460
Misc. business services⁴	Exports	40,783	41,717	8,772	10,573	10,345	11,093	10,405	..	10,412	..	10,093
	Imports	95,288	106,012	21,454	25,575	22,545	25,714	23,029	26,176	26,154	30,653	25,913
Other services n.e.s.	Exports	29,184	30,091	6,784	7,409	6,850	8,141	6,405	7,626	7,751	8,309	7,907
	Imports	18,848	22,410	4,491	4,911	4,858	4,588	5,091	6,376	5,304	5,639	4,705

Merchandise and Services - Total	Exports	716,394	810,337	181,962	175,240	175,189	184,003	182,806	210,064	197,367	220,100	228,342
	Imports	541,117	575,093	125,295	129,369	126,010	160,443	128,870	144,962	143,029	158,232	154,498

Trade Balance	Net	175,276	235,245	56,666	45,871	49,179	23,560	53,936	65,103	54,338	61,868	73,844

Primary Income	Inflows	254,016	288,679	55,710	64,710	63,639	69,957	64,059	78,637	71,382	74,601	71,759
	Outflows	387,717	428,365	100,251	98,384	95,546	93,536	98,917	107,368	104,983	117,097	138,718
Compensation of Employees	Inflows	528	612	132	132	132	132	132	151	182	147	147
	Outflows	959	1,016	242	234	235	248	226	248	281	261	258
Investment Income	Inflows	252,291	286,483	55,293	64,211	63,218	69,569	63,546	78,088	70,786	74,063	71,290
	Outflows	385,837	426,686	99,863	97,700	95,163	93,111	98,514	106,966	104,549	116,657	138,294
Direct investment income	Inflows	67,577	74,255	13,625	17,232	16,432	20,288	14,118	20,514	16,619	23,004	20,858
	Outflows	197,577	210,267	57,576	49,041	47,706	43,254	47,644	47,370	50,550	64,703	85,695

of which: Manufacturing	Outflows	119,863	123,704	40,673	28,300	27,868	23,022	28,947	24,839	32,264	37,654	61,559
Information and communication	Outflows	43,391	54,670	8,932	12,659	10,168	11,632	11,966	14,604	11,722	16,378	16,349

Income on equity	Inflows	62,503	70,238	12,523	15,844	15,027	19,109	13,143	19,488	15,604	22,003	19,839
	Outflows	182,532	199,255	53,822	45,259	44,168	39,283	44,430	44,532	47,947	62,346	83,503
Dividends & distributed	Inflows	18,496	40,784	1,883	2,873	..	..	1,491	..	..	4,812	4,067
branch profits	Outflows	189,353	155,467	56,934	82,918	30,969	18,532	44,010	43,086	42,180	26,191	27,719
Reinvested earnings	Inflows	44,005	29,453	10,640	12,970	6,516	13,879	11,652	..	..	17,190	15,772
	Outflows	-6,818	43,789	-3,111	-37,658	13,199	20,752	420	1,447	5,767	36,155	55,784
Income on debt	Inflows	5,077	4,018	1,103	1,389	1,406	1,179	976	1,026	1,015	1,001	1,019
	Outflows	15,044	11,012	3,754	3,782	3,538	3,970	3,214	2,837	2,603	2,358	2,192
Portfolio investment income	Inflows	121,628	141,259	27,794	31,383	30,303	32,148	32,266	38,985	35,842	34,166	35,539
	Outflows	150,290	167,442	33,604	39,941	37,521	39,224	40,002	46,364	41,433	39,643	40,684
Income on equity	Inflows	37,844	42,100	8,554	11,226	8,923	9,141	9,314	13,291	10,616	8,879	10,696
	Outflows	116,756	135,685	25,926	31,356	28,931	30,543	31,062	37,767	34,442	32,414	33,509
Income on debt	Inflows	83,784	99,157	19,240	20,157	21,380	23,007	22,951	25,693	25,226	25,287	24,843
	Outflows	33,533	31,757	7,678	8,585	8,590	8,680	8,940	8,597	6,991	7,229	7,175
Other investment income	Inflows	63,087	70,970	13,874	15,596	16,483	17,134	17,162	18,590	18,325	16,893	14,893
	Outflows	37,970	48,978	8,683	8,718	9,936	10,633	10,868	13,233	12,566	12,311	11,916
Other primary income	Inflows	1,199	1,585	286	367	290	256	382	398	414	391	322
	Outflows	923	662	147	450	149	177	176	154	153	179	165

Secondary Income	Inflows	9,619	9,346	2,262	2,265	2,767	2,325	2,066	2,490	2,656	2,134	2,344
	Outflows	14,278	13,934	3,463	3,409	3,854	3,552	3,232	3,650	3,698	3,354	3,393

Income Balance	Net	-138,358	-144,273	-45,742	-34,817	-32,994	-24,805	-36,024	-29,892	-34,642	-43,715	-68,007

Current Account - Total	Inflows	980,029	1,108,363	239,934	242,215	241,595	256,285	248,931	291,191	271,406	296,835	302,445
	Outflows	943,112	1,017,392	229,009	231,161	225,411	257,531	231,020	255,980	251,710	278,682	296,608

Current Account Balance	Net	36,916	90,971	10,924	11,054	16,184	-1,246	17,912	35,211	19,696	18,152	5,837

Capital Account Balance	Net	-8,725	-2,581	-492	-5,680	-1,673	-880	-1,634	-426	-379	-142	-11

Memorandum Item:
Government Income	Inflows	109	362	13	14	28	54	89	87	117	69	122
	Outflows	2,578	2,662	797	552	647	582	828	545	722	567	767
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.
.. Data suppressed for confidentiality reasons.

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Table 1.4 Financial Account

Table 1.4 Financial Account¹												€ million
		2023	2024	2023				2024				2025
Item		Year		Quarter 1	Quarter 2	Quarter 3	Quarter 4	Quarter 1	Quarter 2	Quarter 3	Quarter 4	Quarter 1

Direct Investment	Abroad	-96,377	27,824	-32,582	-97,089	5,458	27,836	22,011	24,512	-5,189	-13,510	13,391
	In Ireland	-110,044	-34,306	-46,046	-105,814	27,148	14,668	1,662	-23,007	11,658	-24,619	17,184

Equity	Abroad	-156,788	-43,992	..	..	3,736	-5,436	944	-12,117	..	..	-2,321
	In Ireland	-121,794	20,430	..	..	1,922	22,199	-11,545	22,902	3,702	5,371	290
Reinvested Earnings	Abroad	43,981	29,486	10,639	12,969	6,515	13,858	11,652	2,378	..	..	15,772
	In Ireland	-7,499	43,967	-3,169	-37,771	12,913	20,528	414	1,484	5,840	36,229	55,805
Other Capital	Abroad	16,433	42,330	..	..	-4,792	19,414	9,415	34,251	6,385	-7,721	-59
	In Ireland	19,250	-98,704	..	..	12,313	-28,058	12,794	-47,393	2,115	-66,220	-38,911

Portfolio Investment	Assets	293,513	455,046	-8,412	104,816	106,651	90,458	57,502	94,630	155,227	147,687	103,265
	Liabilities	194,938	392,067	15,829	17,833	61,857	99,419	27,864	99,739	131,474	132,990	98,885

Equity	Assets	118,759	182,650	21,211	14,452	48,796	34,300	16,040	49,293	44,986	72,331	55,286
	Liabilities	153,633	352,501	7,710	7,006	45,707	93,210	32,975	79,601	123,596	116,329	92,570
Debt Instruments	Assets	174,754	272,396	-29,623	90,364	57,855	56,158	41,462	45,337	110,241	75,356	47,980
	Liabilities	41,304	39,568	8,119	10,827	16,150	6,208	-5,110	20,139	7,878	16,661	6,315
Bonds and notes	Assets	159,198	191,997	43,201	58,978	41,632	15,387	56,011	44,699	51,127	40,160	58,916
	Liabilities	31,354	35,548	10,557	5,454	13,757	1,586	-5,991	19,368	12,246	9,925	3,445
Money market instruments	Assets	15,556	80,399	-72,824	31,386	16,223	40,771	-14,549	638	59,114	35,196	-10,936
	Liabilities	9,950	4,021	-2,438	5,372	2,394	4,622	880	771	-4,367	6,737	2,870

Other Investment	Assets	-96,645	37,037	22,313	-25,740	-13,987	-79,231	1,251	27,239	10,476	-1,929	117,976
	Liabilities	-14,430	68,718	5,673	64,327	-3,958	-80,472	40,489	28,748	446	-965	105,446

Loans, currency and deposits	Assets	43,836	62,578	52,134	-22,219	8,614	5,307	-17,108	30,743	9,445	39,498	63,225
	Liabilities	14,667	38,374	15,734	27,411	-3,311	-25,167	14,708	3,767	-11,459	31,358	30,289
Other²	Assets	-140,483	-25,544	-29,822	-3,521	-22,602	-84,538	18,358	-3,506	1,031	-41,427	54,751
	Liabilities	-29,094	30,345	-10,061	36,917	-645	-55,305	25,782	24,981	11,905	-32,323	75,158

Reserve Assets		-435	-138	11	-24	-529	107	-85	7	-305	245	238

Monetary gold		0	0	0	0	0	0	0	0	0	0	0
Special drawing rights		-53	40	-7	44	-26	-64	13	12	4	11	9
Reserve position in the IMF		-4	-122	1	1	46	-52	9	-54	-8	-69	43
Foreign exchange		-324	-153	41	-79	-458	172	-361	1	-321	528	132
Other		-53	96	-24	9	-90	52	254	48	19	-225	53

Balance on Financial Account		29,590	93,286	5,875	5,616	12,544	5,555	10,661	40,907	16,631	25,087	13,354

Net errors and omissions		1,399	4,896	-4,557	242	-1,967	7,681	-5,617	6,122	-2,686	7,077	7,528
Memorandum Item:
Government financial	Assets	4,182	20,252	-1,294	1,424	1,227	2,825	1,943	-2,532	3,453	17,388	1,735
transactions	Liabilities	-636	-792	2,851	-485	-255	-2,747	-1,830	459	1,199	-620	-5,580
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.
.. Data suppressed for confidentiality reasons

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Table 1.5 Current, Capital and Financial Account activity classified by Institutional Sector

Table 1.5 Current, Capital and Financial Account activity classified by Institutional Sector¹												€ million
		2023	2024	2023				2024				2025
Item		Year		Quarter 1	Quarter 2	Quarter 3	Quarter 4	Quarter 1	Quarter 2	Quarter 3	Quarter 4	Quarter 1
Current Account - Total	Inflows	980,029	1,108,363	239,934	242,215	241,595	256,285	248,931	291,191	271,406	296,835	302,445
	Outflows	943,112	1,017,392	229,009	231,161	225,411	257,531	231,020	255,980	251,710	278,682	296,608

Merchandise²	Exports	306,245	327,370	89,007	74,612	70,703	71,923	75,539	78,223	81,402	92,206	113,079
	Imports	149,558	151,817	34,915	37,725	34,519	42,399	36,479	39,644	38,492	37,202	38,860

Services	Exports	410,148	482,967	92,955	100,627	104,486	112,080	107,267	131,842	115,965	127,893	115,263
	Imports	391,559	423,277	90,380	91,644	91,491	118,044	92,391	105,318	104,538	121,030	115,638

General Government	Exports	412	412	103	103	103	103	103	103	103	103	69
	Imports	105	109	26	25	28	26	27	29	25	28	28
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	9,750	10,940	2,390	2,549	2,405	2,406	2,547	2,789	2,795	2,809	2,820
	Imports	3,844	4,512	1,103	989	767	985	1,105	1,144	1,144	1,119	1,061
Other Sectors⁵	Exports	399,987	471,614	90,463	97,975	101,978	109,571	104,617	128,950	113,066	124,981	112,374
	Imports	387,610	418,654	89,251	90,631	90,696	117,032	91,259	104,144	103,368	119,883	114,549
of which:
Other Financial Intermediaries	Exports	40,996	43,270	9,776	10,587	10,306	10,327	10,326	10,378	10,855	11,711	10,993
	Imports	41,565	44,251	10,365	10,863	10,032	10,305	10,914	10,480	10,967	11,890	11,096
Non-Financial Companies⁶	Exports	358,991	428,343	80,686	87,388	91,672	99,245	94,290	118,572	102,211	113,270	101,381
	Imports	346,046	374,402	78,887	79,768	80,664	106,727	80,345	93,664	92,401	107,992	103,453

Primary Income	Inflows	254,016	288,679	55,710	64,710	63,639	69,957	64,059	78,637	71,382	74,601	71,759
	Outflows	387,717	428,365	100,251	98,384	95,546	93,536	98,917	107,368	104,983	117,097	138,718

General Government	Inflows	109	362	13	14	28	54	89	87	117	69	122
	Outflows	2,578	2,662	797	552	647	582	828	545	722	567	767
Monetary Authority ³	Inflows	175	196	37	42	47	49	49	49	49	49	49
	Outflows	0	0	0	0	0	0	0	0	0	0	0
Monetary Financial Institutions⁴	Inflows	38,353	45,602	7,552	9,168	10,326	11,307	11,494	11,215	11,361	11,532	10,502
	Outflows	37,171	46,249	7,266	9,162	10,434	10,309	11,345	11,098	11,821	11,985	10,629
Other Sectors⁵	Inflows	215,379	242,518	48,108	55,486	53,238	58,547	52,427	67,285	59,855	62,951	61,085
	Outflows	347,968	379,452	92,188	88,670	84,465	82,645	86,744	95,724	92,439	104,545	127,322
of which:
Other Financial Intermediaries	Inflows	153,545	172,067	36,193	39,541	38,128	39,683	39,306	47,538	42,216	43,007	43,985
	Outflows	150,431	171,274	35,017	38,431	37,986	38,997	38,788	49,046	41,713	41,727	42,120
Non-Financial Companies⁶	Inflows	61,833	70,452	11,914	15,945	15,110	18,864	13,121	19,747	17,639	19,945	17,101
	Outflows	197,536	208,179	57,171	50,238	46,480	43,647	47,956	46,679	50,726	62,818	85,203

Secondary Income	Inflows	9,619	9,346	2,262	2,265	2,767	2,325	2,066	2,490	2,656	2,134	2,344
	Outflows	14,278	13,934	3,463	3,409	3,854	3,552	3,232	3,650	3,698	3,354	3,393

General Government	Inflows	368	172	17	62	84	205	27	-3	128	20	0
	Outflows	3,912	3,845	1,002	939	904	1,067	975	933	943	994	803
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	9,252	9,176	2,245	2,204	2,683	2,120	2,039	2,493	2,529	2,115	2,344
	Outflows	10,366	10,088	2,461	2,470	2,950	2,485	2,257	2,717	2,754	2,360	2,590
of which:
Other Financial Intermediaries	Inflows	8,150	7,841	1,908	1,917	2,397	1,928	1,702	2,155	2,189	1,795	2,025
	Outflows	8,150	7,841	1,908	1,917	2,397	1,928	1,702	2,155	2,189	1,795	2,025
Non-Financial Companies⁶	Inflows	1,101	1,331	336	287	286	192	336	337	339	319	319
	Outflows	2,217	2,247	553	553	554	557	555	562	565	565	565

Balance on Current Account		36,916	90,971	10,924	11,054	16,184	-1,246	17,912	35,211	19,696	18,152	5,837

Balance on Capital Account		-8,725	-2,581	-492	-5,680	-1,673	-880	-1,634	-426	-379	-142	-11

Financial Account⁷
Direct investment	Abroad	-96,377	27,824	-32,582	-97,089	5,458	27,836	22,011	24,512	-5,189	-13,510	13,391
	In Ireland	-110,044	-34,306	-46,046	-105,814	27,148	14,668	1,662	-23,007	11,658	-24,619	17,184

General Government	Abroad	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	230	..	..	..	98	..	..	..	..	64	-52
	In Ireland	16,973	2,620	-100	..	377	..	247	283	923	1,167	413
Other Sectors⁵	Abroad	-96,605	28,389	-32,729	-97,185	5,360	27,949	21,979	24,488	-4,506	-13,572	13,444
	In Ireland	-127,014	-36,925	-45,945	..	26,772	..	1,416	-23,291	10,736	-25,786	16,772
of which:
Other Financial Intermediaries	Abroad	5,036	5,556	1,450	3,736	2,715	-2,865	1,785	3,320	-1,243	1,694	3,205
	In Ireland	17,189	18,810	-3,111	2,828	-5,249	22,721	19,110	-11,781	12,227	-746	1,498
Non-Financial Companies⁶	Abroad	-101,641	22,833	-34,179	-100,921	2,645	30,814	20,194	21,168	-3,263	-15,266	10,239
	In Ireland	-144,203	-55,735	-42,834	..	32,021	..	-17,694	-11,510	-1,491	-25,040	15,274

Portfolio investment	Assets	293,513	455,046	-8,412	104,816	106,651	90,458	57,502	94,630	155,227	147,687	103,265
	Liabilities	194,938	392,067	15,829	17,833	61,857	99,419	27,864	99,739	131,474	132,990	98,885

General Government	Assets	-117	10,550	27	-54	-183	93	84	-292	3,341	7,417	260
	Liabilities	1,436	-232	2,745	-310	-255	-744	-1,033	461	959	-619	-3,182
Monetary Authority ³	Assets	418	0	107	-76	457	-70	0	0	0	0	0
	Liabilities	0	0	0	0	0	0	0	0	0	0	0
Monetary Financial Institutions⁴	Assets	42,023	97,466	-71,854	36,994	15,006	61,877	-2,045	12,048	57,551	29,912	-9,681
	Liabilities	34,015	93,480	-27,259	-14,881	15,655	60,500	-17,340	21,604	56,933	32,283	21,876
Other Sectors⁵	Assets	251,189	347,030	63,309	67,951	91,371	28,558	59,463	82,875	94,334	110,358	112,686
	Liabilities	159,488	298,820	40,344	33,024	46,458	39,662	46,237	77,675	73,583	101,325	80,190
of which:
Other Financial Intermediaries	Assets	251,369	346,384	63,356	67,963	..	..	..	..	..	110,026	112,576
	Liabilities	159,120	305,099	41,190	30,128	46,526	41,276	44,413	76,758	78,800	105,128	79,799
Non-Financial Companies⁶	Assets	-180	646	-47	-12	..	..	..	..	..	332	110
	Liabilities	368	-6,279	-846	2,896	-68	-1,614	1,824	917	-5,217	-3,803	391

Other investment	Assets	-96,645	37,037	22,313	-25,740	-13,987	-79,231	1,251	27,239	10,476	-1,929	117,976
	Liabilities	-14,430	68,718	5,673	64,327	-3,958	-80,472	40,489	28,748	446	-965	105,446

General Government	Assets	4,299	9,702	-1,321	1,478	1,410	2,732	1,859	-2,240	112	9,971	1,475
	Liabilities	-2,072	-560	106	-175	..	..	-797	-2	240	-1	-2,398
Monetary Authority ³	Assets	-4,399	-2,705	-12,673	3,638	61	4,575	-8,117	8,792	-1,539	-1,841	-5,208
	Liabilities	1,717	1,475	288	338	..	..	264	259	414	538	363
Monetary Financial Institutions⁴	Assets	-25,546	45,836	71,110	-35,846	2,119	-62,929	6,982	18,048	9,384	11,422	73,860
	Liabilities	-21,939	24,481	11,712	17,452	-1,589	-49,514	20,628	860	350	2,643	44,637
Other Sectors⁵	Assets	-70,998	-15,796	-34,805	4,992	-17,576	-23,609	527	2,639	2,519	-21,481	47,850
	Liabilities	7,865	43,321	-6,433	46,713	-3,070	-29,345	20,393	27,631	-559	-4,144	62,845
of which:
Other Financial Intermediaries	Assets	-78,843	-10,478	-25,208	-4,424	-23,929	-25,282	8,715	-29	-3,070	-16,094	56,853
	Liabilities	6,670	39,411	3,465	40,503	-7,751	-29,547	24,271	20,762	-5,453	-169	64,992
Non-Financial Companies⁶	Assets	7,845	-5,318	-9,597	9,416	6,353	1,673	-8,188	2,668	5,589	-5,387	-9,003
	Liabilities	1,195	3,910	-9,898	6,210	4,681	202	-3,878	6,869	4,894	-3,975	-2,147

Reserve Assets		-435	-138	11	-24	-529	107	-85	7	-305	245	238

Balance on Financial Account		29,590	93,286	5,875	5,616	12,544	5,555	10,661	40,907	16,631	25,087	13,354
Net errors and omissions		1,399	4,896	-4,557	242	-1,967	7,681	-5,617	6,122	-2,686	7,077	7,528
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.
.. Data suppressed for confidentiality reasons

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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
		2023	2024	2023				2024				2025
Item		Year		Quarter 1	Quarter 2	Quarter 3	Quarter 4	Quarter 1	Quarter 2	Quarter 3	Quarter 4	Quarter 1

Current Account - Total	Inflows	980,029	1,108,363	239,934	242,215	241,595	256,285	248,931	291,191	271,406	296,835	302,445
	Outflows	943,112	1,017,392	229,009	231,161	225,411	257,531	231,020	255,980	251,710	278,682	296,608

Merchandise²	Exports	306,245	327,370	89,007	74,612	70,703	71,923	75,539	78,223	81,402	92,206	113,079
	Imports	149,558	151,817	34,915	37,725	34,519	42,399	36,479	39,644	38,492	37,202	38,860
EMU	Exports	103,618	106,987	32,265	24,355	21,598	25,400	25,668	22,957	24,741	33,621	22,625
	Imports	61,772	65,084	13,350	16,430	13,663	18,329	16,607	16,758	16,100	15,619	17,098
Non-EMU	Exports	202,626	220,383	56,741	50,257	49,105	46,523	49,872	55,265	56,661	58,585	90,455
	Imports	87,786	86,733	21,565	21,295	20,856	24,070	19,872	22,886	22,392	21,583	21,762
EU	Exports	112,520	115,543	34,616	26,512	23,743	27,649	27,550	25,152	26,774	36,067	24,952
	Imports	67,156	71,139	14,770	17,779	14,831	19,776	18,163	18,176	17,637	17,163	18,754
Non-EU	Exports	193,725	211,829	54,391	48,100	46,960	44,274	47,989	53,071	54,629	56,140	88,127
	Imports	82,401	80,678	20,145	19,945	19,688	22,623	18,316	21,468	20,855	20,039	20,106

Services	Exports	410,148	482,967	92,955	100,627	104,486	112,080	107,267	131,842	115,965	127,893	115,263
	Imports	391,559	423,277	90,380	91,644	91,491	118,044	92,391	105,318	104,538	121,030	115,638
EMU	Exports	107,982	123,244	24,357	27,313	27,591	28,721	27,667	30,102	31,455	34,020	29,553
	Imports	57,252	59,506	12,060	15,143	13,488	16,561	11,397	15,103	14,890	18,116	12,076
Non-EMU	Exports	302,166	359,724	68,598	73,314	76,895	83,359	79,600	101,740	84,510	93,874	85,710
	Imports	334,307	363,754	78,320	76,501	78,003	101,483	80,994	90,213	89,641	102,906	103,562
EU	Exports	130,154	149,243	29,509	32,647	33,237	34,761	33,607	36,157	37,796	41,683	35,996
	Imports	63,424	66,937	13,589	16,567	14,969	18,299	13,014	17,078	16,704	20,141	13,993
Non-EU	Exports	279,994	333,724	63,446	67,980	71,249	77,319	73,660	95,685	78,169	86,210	79,267
	Imports	328,134	356,323	76,791	75,077	76,522	99,744	79,377	88,238	87,827	100,881	101,644

Primary Income	Inflows	254,016	288,679	55,710	64,710	63,639	69,957	64,059	78,637	71,382	74,601	71,759
	Outflows	387,717	428,365	100,251	98,384	95,546	93,536	98,917	107,368	104,983	117,097	138,718
EMU	Inflows	72,378	76,169	16,520	18,658	17,408	19,792	16,506	21,042	18,263	20,358	20,123
	Outflows	99,449	109,582	23,304	25,357	25,184	25,604	24,806	28,117	26,623	30,036	26,235
Non-EMU	Inflows	181,638	212,512	39,190	46,051	46,232	50,165	47,554	57,595	53,120	54,243	51,636
	Outflows	288,267	318,781	76,947	73,026	70,362	67,932	74,111	79,250	78,359	87,061	112,482
EU	Inflows	78,453	84,084	17,813	20,379	18,947	21,314	18,249	23,356	20,333	22,146	21,926
	Outflows	103,743	113,285	24,466	26,563	26,133	26,581	25,958	28,984	27,547	30,796	27,406
Non-EU	Inflows	175,563	204,596	37,897	44,331	44,692	48,643	45,810	55,281	51,050	52,455	49,832
	Outflows	283,974	315,079	75,786	71,820	69,413	66,955	72,959	78,384	77,435	86,301	111,311

Secondary Income	Inflows	9,619	9,346	2,262	2,265	2,767	2,325	2,066	2,490	2,656	2,134	2,344
	Outflows	14,278	13,934	3,463	3,409	3,854	3,552	3,232	3,650	3,698	3,354	3,393
EMU	Inflows	5,311	4,759	1,245	1,269	1,697	1,100	958	1,353	1,570	878	1,243
	Outflows	5,947	5,393	1,400	1,429	1,857	1,261	1,116	1,512	1,729	1,036	1,345
Non-EMU	Inflows	4,308	4,586	1,017	996	1,070	1,225	1,108	1,136	1,086	1,256	1,101
	Outflows	8,332	8,541	2,063	1,980	1,998	2,291	2,116	2,139	1,969	2,317	2,047
EU	Inflows	5,966	5,260	1,315	1,406	1,871	1,374	1,068	1,432	1,777	983	1,330
	Outflows	9,679	8,883	2,347	2,337	2,770	2,225	2,009	2,362	2,590	1,922	2,288
Non-EU	Inflows	3,653	4,086	947	859	896	951	998	1,057	880	1,151	1,014
	Outflows	4,598	5,049	1,115	1,072	1,084	1,327	1,223	1,288	1,107	1,431	1,105

Balance on Current Account		36,916	90,971	10,924	11,054	16,184	-1,246	17,912	35,211	19,696	18,152	5,837

Balance on Capital Account		-8,725	-2,581	-492	-5,680	-1,673	-880	-1,634	-426	-379	-142	-11
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). From 2023 onwards the term ‘EMU’ is the area represented by the 20 Member States in the Monetary Union following enlargement to include Croatia (EMU-20). 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 2025 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
		2023	2024	2023				2024				2025
Item		Year		Quarter 1	Quarter 2	Quarter 3	Quarter 4	Quarter 1	Quarter 2	Quarter 3	Quarter 4	Quarter 1

Direct Investment	Abroad	-96,377	27,824	-32,582	-97,089	5,458	27,836	22,011	24,512	-5,189	-13,510	13,391
	In Ireland	-110,044	-34,306	-46,046	-105,814	27,148	14,668	1,662	-23,007	11,658	-24,619	17,184

EMU	Abroad	19,491	5,845	4,455	8,764	1,040	5,232	1,010	17,421	-11,068	-1,518	3,358
	In Ireland	-73,882	-9,711	-45,619	-43,843	-21,747	37,327	5,297	7,353	-13,038	-9,323	18,915
Non-EMU	Abroad	-115,866	21,978	-37,036	-105,852	4,418	22,604	20,999	7,091	5,880	-11,992	10,033
	In Ireland	-36,162	-24,593	-428	-61,969	48,895	-22,660	-3,634	-30,360	24,696	-15,295	-1,730
EU	Abroad	22,875	6,682	4,680	8,802	523	8,870	662	18,001	-11,047	-934	8,787
	In Ireland	-71,814	-8,524	-45,665	-43,310	-20,581	37,742	5,190	7,644	-12,639	-8,719	19,480
Non-EU	Abroad	-119,250	21,143	-37,261	-105,889	4,934	18,966	21,349	6,510	5,859	-12,575	4,604
	In Ireland	-38,230	-25,782	-382	-62,504	47,729	-23,073	-3,526	-30,652	24,297	-15,901	-2,296

Portfolio Investment	Assets	293,513	455,046	-8,412	104,816	106,651	90,458	57,502	94,630	155,227	147,687	103,265
	Liabilities	194,938	392,067	15,829	17,833	61,857	99,419	27,864	99,739	131,474	132,990	98,885

EMU	Assets	50,118	127,588	12,185	4,133	20,998	12,802	31,915	10,051	54,152	31,470	34,503
	Liabilities	90,918	130,086	6,518	19,522	24,784	40,094	-8,124	26,277	48,592	63,341	52,650
Non-EMU	Assets	243,394	327,459	-20,597	100,682	85,653	77,656	25,587	84,579	101,076	116,217	68,763
	Liabilities	104,020	261,982	9,311	-1,689	37,073	59,325	35,989	73,463	82,882	69,648	46,235
EU	Assets	61,830	145,684	13,186	6,282	25,362	17,000	39,282	17,417	55,863	33,122	45,725
	Liabilities	87,386	135,919	7,775	16,537	21,495	41,579	-5,138	24,949	50,376	65,732	54,300
Non-EU	Assets	231,683	309,362	-21,598	98,534	81,289	73,458	18,221	77,213	99,364	114,564	57,540
	Liabilities	107,552	256,149	8,054	1,296	40,362	57,840	33,003	74,790	81,099	67,257	44,585

Other Investment³	Assets	-96,645	37,037	22,313	-25,740	-13,987	-79,231	1,251	27,239	10,476	-1,929	117,976
	Liabilities	-14,430	68,718	5,673	64,327	-3,958	-80,472	40,489	28,748	446	-965	105,446

EMU	Assets	6,503	-588	25,348	-7,061	1,157	-12,941	-7,741	1,319	13,973	-8,139	32,940
	Liabilities	-37,656	6,553	4,885	2,659	3,114	-48,314	21,811	-623	-5,921	-8,714	32,813
Non-EMU	Assets	-103,151	37,625	-3,036	-18,679	-15,145	-66,291	8,992	25,920	-3,497	6,210	85,036
	Liabilities	23,227	62,164	789	61,668	-7,071	-32,159	18,678	29,371	6,366	7,749	72,634
EU	Assets	7,055	10,419	25,652	-6,353	336	-12,580	-946	1,332	16,075	-6,042	42,048
	Liabilities	-38,343	12,193	5,600	5,914	4,926	-54,783	25,056	2,125	-6,886	-8,102	34,302
Non-EU	Assets	-103,700	26,619	-3,339	-19,387	-14,323	-66,651	2,197	25,907	-5,599	4,114	75,928
	Liabilities	23,914	56,527	72	58,414	-8,883	-25,689	15,434	26,623	7,333	7,137	71,144

Reserve Assets		-435	-138	11	-24	-529	107	-85	7	-305	245	238

Balance on Financial Account		29,590	93,286	5,875	5,616	12,544	5,555	10,661	40,907	16,631	25,087	13,354

Net errors and omissions		1,399	4,896	-4,557	242	-1,967	7,681	-5,617	6,122	-2,686	7,077	7,528
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 2025 Table 1.7 (XLS 15KB)

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International Accounts Q1 2025 Final

Balance of International Payments

Balance of International Payments

Current account balance of €5.8bn in Quarter 1 2025

Balance of Payments Current account

Current account (see Table 1.3)

Financial account (see Tables 1.4 and 1.5)

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