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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 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 |
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 |
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 |
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