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International Accounts Q1 2026 Final

Balance of International Payments

Current account balance of €17.9bn in Quarter 1 2026

Online ISSN: 2565-6384

CSO statistical release, 02 July 2026, 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 2025	62,230	-58,247	3,983	2.4
Q1 2026	30,833	-12,949	17,884	12.9

Q1-Q4 2024	177,071	-81,249	95,822	17.0
Q1-Q4 2025	197,792	-149,511	48,281	7.6

Open in Excel: International Accounts Q1 2026 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 €17.9bn in the first quarter of 2026, an increase of €13.9bn compared with the Q1 2025 surplus of €4bn due to decreases in the merchandise balance being offset by decreased outflow of investment income.

	Current Account
Q4 2023	-0.151366562311187
Q1 2024	14.3472938704605
Q2 2024	28.0971509241033
Q3 2024	14.4605828267305
Q4 2024	12.0091575175933
Q1 2025	2.50170227253182
Q2 2025	9.40302929526799
Q3 2025	10.4028970312779
Q4 2025	10.1808275471487
Q1 2026	12.9366918961556

	Merchandise	Services	Primary Income	Secondary Income	Balance on Current Account
Q4 2023	29.52364	-6.17065	-22.29695	-1.24972	-0.19368
Q1 2024	39.47987	13.34107	-32.46208	-1.22444	19.13443
Q2 2024	39.25414	25.93925	-26.11762	-1.20635	37.86942
Q3 2024	43.8351	11.33953	-33.23476	-1.07957	20.86031
Q4 2024	54.50227	6.22743	-41.44571	-1.32578	17.95822
Q1 2025	62.23037	0.51783	-57.40572	-1.35944	3.98304
Q2 2025	48.59512	12.55164	-45.86413	-1.30811	13.97452
Q3 2025	44.67124	7.59844	-35.47719	-1.33819	15.4543
Q4 2025	42.29564	7.55318	-33.73065	-1.24877	14.86939
Q1 2026	30.83308	9.39299	-20.77028	-1.57192	17.88388

Current account (see Table 1.3)

Merchandise exports were €77,821m in the first quarter of 2026, a decrease of €25,171m compared with the first quarter of 2025. Merchandise imports were €46,448m in first quarter of 2026, an increase of €6,226m over the same period in 2025.
Service exports at €126,919m increased by €7,210m compared to the first quarter of 2025, mainly due to increased computer services exports which increased by €7,004m.
Service imports at €117,526m were down €1,665m over the same period in 2025, mainly due to higher royalty imports which increased by €5,226m offset by business services exports which fell by €10,064m.
Ireland’s trade balance at €40,226m, all goods and services exports less all goods and services imports decreased by €11,537m in the first quarter of 2026 over the same period in 2025.
Investment income earned abroad at €75,615m, decreased by €22,522m compared with one year earlier while investment income payable to foreign investors at €100,541m decreased by €29,549m. The overall income balance for the quarter at -€22,342m increased by €36,423m compared with the same period in 2025.

	Direct Investment	Portfolio Investment	Other Investment	Reserve Assets	Balance on Financial Account
Q4 2023	11.78375	-19.10784	15.47816	0.10711	8.26118
Q1 2024	16.55771	29.52017	-38.28155	-0.08517	7.71117000000001
Q2 2024	51.67763	-9.52659000000001	1.31955	0.00732	43.48239
Q3 2024	-20.77219	28.51965	9.71605	-0.30527	17.16149
Q4 2024	12.51617	21.08283	-10.93621	0.24484	22.90763
Q1 2025	-11.00579	-27.23952	30.43252	0.23786	-7.57492999999999
Q2 2025	33.02976	42.05451	-55.82374	-0.30872	18.95182
Q3 2025	-42.52489	63.65372	-15.31262	0.10691	5.92311000000002
Q4 2025	30.29271	-4.90390000000001	2.53537999999999	-0.05472	27.86945
Q1 2026	-4.20154	-46.58795	51.74702	0.01821	0.975729999999981

Financial account (see Tables 1.4 and 1.5)

Direct investment in Ireland increased by €25,167m in the first quarter of 2026. This was due to increased other capital investment of €27,550m and equity investment of €1,782m offset by reinvested earnings of -€4,165m.
Direct investment abroad increased by €25,167m in the quarter, due to increased other capital investment of €11,048m.
Portfolio investment in foreign assets increased by €162,402m in the quarter due to increased investment in foreign equity and debt instruments (up €84,926m and €77,476m respectively). Portfolio investment in Ireland increased by €208,990m mainly due to an increase in equity investment of €200,156m as well as increased debt instruments of €8,835m.
Other investment assets grew by €145,927m while other investment liabilities also increased by €94,180m in the first quarter of 2026.

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	16,697	-126,348	-4,703	-114,354	42,332	-8,741	14,637	88,441	-65,495	-435	37,148	3,557
2024	Year	177,071	56,847	-133,260	-4,836	-81,249	95,822	-1,938	59,979	69,596	-38,182	-138	91,263	-2,622
2025	Year	197,792	28,221	-172,478	-5,255	-149,511	48,281	-5,562	9,792	73,565	-38,168	-19	45,169	2,450

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	1,209	-42,758	-1,193	-42,742	11,349	-515	15,211	-24,335	18,292	11	9,179	-1,656
	Quarter 2	36,888	8,333	-31,720	-1,155	-24,542	12,346	-5,678	8,892	87,024	-89,736	-25	6,156	-511
	Quarter 3	36,183	13,326	-29,573	-1,106	-17,353	18,831	-1,669	-21,249	44,860	-9,529	-529	13,552	-3,609
	Quarter 4	29,524	-6,171	-22,297	-1,250	-29,717	-194	-878	11,784	-19,108	15,478	107	8,261	9,333
2024	Quarter 1	39,480	13,341	-32,462	-1,224	-20,345	19,134	-1,536	16,558	29,520	-38,282	-85	7,711	-9,887
	Quarter 2	39,254	25,939	-26,118	-1,206	-1,385	37,869	-311	51,678	-9,527	1,320	7	43,482	5,924
	Quarter 3	43,835	11,340	-33,235	-1,080	-22,975	20,860	-256	-20,772	28,520	9,716	-305	17,161	-3,443
	Quarter 4	54,502	6,227	-41,446	-1,326	-36,544	17,958	166	12,516	21,083	-10,936	245	22,908	4,784
2025	Quarter 1	62,230	518	-57,406	-1,359	-58,247	3,983	299	-11,006	-27,240	30,433	238	-7,575	-11,857
	Quarter 2	48,595	12,552	-45,864	-1,308	-34,621	13,975	-4,128	33,030	42,055	-55,824	-309	18,952	9,105
	Quarter 3	44,671	7,598	-35,477	-1,338	-29,217	15,454	-1,538	-42,525	63,654	-15,313	107	5,923	-7,993
	Quarter 4	42,296	7,553	-33,731	-1,249	-27,426	14,869	-195	30,293	-4,904	2,535	-55	27,869	13,195
2026	Quarter 1	30,833	9,393	-20,770	-1,572	-12,949	17,884	-1,599	-4,202	-46,588	51,747	18	976	-15,309
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 2026 Table 1.2 (XLS 22KB)

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Table 1.3 Current and Capital Accounts

Table 1.3 Current and Capital Accounts																€ million
						2024	2025	2024				2025				2026
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	330,393	367,441	76,697	79,175	82,218	92,303	102,452	88,988	87,487	88,514	77,281
					Imports	153,322	169,649	37,217	39,921	38,383	37,801	40,221	40,393	42,816	46,218	46,448

	International trade				Exports	223,734	258,652	53,998	54,219	57,910	57,607	87,445	61,476	60,578	49,152	49,871
					Imports	128,973	137,449	30,437	32,078	32,595	33,863	34,603	32,814	32,841	37,191	35,240
	Goods for processing				Exports	91,280	96,988	20,105	21,697	19,465	30,014	19,470	26,384	23,876	27,258	21,974
					Imports	16,055	23,512	4,926	5,656	3,499	1,974	3,461	5,338	7,699	7,014	9,341
	Other conceptual adjustments				Exports	-19,634	-48,082	-3631.21	-4940.44	-3919.37	-7,143	-16,820	-11,167	-9,851	-10,244	-6,741
					Imports	8,294	8,688	1854.31	2186.84	2288.84	1,964	2,157	2,241	2,276	2,014	1,866
	Merchanting (net export)				Exports	35,013	59,884	6,225	8,199	8,763	11,826	12,356	12,295	12,884	22,348	12,177

Services					Exports	494,163	517,313	109,922	134,460	118,665	131,116	119,708	127,188	127,703	142,714	126,919
					Imports	437,316	489,092	96,581	108,521	107,326	124,888	119,190	114,636	120,104	135,161	117,526
	Repairs and Processing				Exports	1,180	1,268	221	268	257	434	257	280	263	469	215
					Imports	8,514	8,436	1,954	1,978	1,862	2,720	1,995	2,029	2,044	2,368	2,020
	Transport				Exports	10,767	11,706	1,830	2,699	3,950	2,288	1,666	3,271	4,392	2,377	1,618
					Imports	5,969	6,263	1,409	1,554	1,515	1,491	1,515	1,427	1,618	1,702	1,651
	Tourism and Travel ²				Exports	7,454	6,968	1,427	2,037	2,379	1,611	1,173	1,839	2,189	1,767	1,368
					Imports	10,506	10,968	1,978	3,087	3,044	2,398	1,940	3,034	3,460	2,535	2,255
	Insurance				Exports	18,070	19,062	4,127	4,398	4,685	4,860	4,850	4,641	4,747	4,825	5,035
					Imports	15,337	15,503	3,791	3,471	3,905	4,170	3,941	3,762	3,829	3,971	3,748
	Financial services				Exports	23,929	27,100	6,171	5,791	5,625	6,342	5,945	6,774	7,276	7,105	6,500
					Imports	25,246	28,069	6,456	6,020	6,104	6,666	6,399	7,055	7,339	7,276	6,866
	Royalties/Licences				Exports	16,032	15,631	2,917	3,694	3,984	5,437	2,909	3,615	3,745	5,362	3,115
					Imports	164,575	185,039	35,716	39,891	39,937	49,032	42,192	44,867	45,857	52,123	47,417
		of which:
			Pharmaceutical products and preparations		Exports	2,083	1,943	..	..	..	660	..	..	..	..	469
					Imports	23,174	24,325	4,831	5,218	4,427	8,699	5,704	5,970	5,685	6,966	6,278
			Information and communication		Exports	5,469	5,555	950	..	1,106	..	794	1,214	1,058	2,489	969
					Imports	125,929	143,194	..	..	..	..	..	..	..	..	36,364

	Communications				Exports	221	210	55	56	56	56	43	45	44	78	44
					Imports	893	693	216	216	218	243	178	179	181	155	176
	Computer services³				Exports	281,456	312,624	64,859	68,491	68,635	79,472	74,713	76,654	76,250	85,008	81,716
					Imports	16,869	18,656	3,918	4,253	4,232	4,467	4,065	5,214	4,633	4,744	4,948
	Business services				Exports	89,396	73,085	17,124	35,764	17,753	18,756	17,055	17,739	17,462	20,830	17,496
					Imports	157,934	182,375	33,899	39,406	39,030	45,600	50,376	39,638	43,009	49,351	40,313
		Research and development			Exports	25,450	7,610	1,306	..	1,563	..	1,574	1,946	1,915	2,176	1,069
					Imports	47,033	64,183	9,542	12,212	11,758	13,521	23,809	12,455	13,655	14,264	9,848
			of which:
				IP related	Exports	21,081	3,036	500	..	492	..	726	836	647	826	68
					Imports	3,253	15,965	314	1,064	773	1,102	11,782	1,057	2,124	1,001	236

		Operational leasing			Exports	20,642	22,795	5,096	5,130	5,186	5,230	5,419	5,472	5,659	6,245	5,468
					Imports	3,158	3,346	781	788	782	806	807	817	866	856	793
		Misc. business services⁴			Exports	43,305	42,679	10,721	..	11,004	..	10,061	10,320	9,888	12,410	10,959
					Imports	107,744	114,846	23,576	26,406	26,489	31,272	25,761	26,366	28,487	34,232	29,671
	Other services n.e.s.				Exports	45,656	49,658	11,192	11,262	11,341	11,861	11,098	12,331	11,337	14,893	9,811
					Imports	31,473	33,089	7,246	8,646	7,479	8,102	6,588	7,431	8,134	10,936	8,131

Merchandise and Services - Total					Exports	824,556	884,754	186,619	213,635	200,883	223,419	222,160	216,176	215,190	231,228	204,199
					Imports	590,638	658,740	133,798	148,441	145,709	162,689	159,412	155,030	162,920	181,379	163,973

Trade Balance					Net	233,919	226,013	52,821	65,193	55,175	60,730	62,748	61,147	52,270	49,849	40,226

Primary Income					Inflows	299,502	310,412	66934.94	81645.6	73854.25	77067.36	73155.36	78533.53	75380.17	83342.75	80224.3
					Outflows	432,762	482,890	99,397	107,763	107,089	118,513	130,561	124,398	110,857	117,073	100,995
	Compensation of Employees				Inflows	589	643	146	146	147	149	164	162	159	158	172
					Outflows	1,162	1,271	284	288	289	301	306	304	318	343	307
	Investment Income				Inflows	297,329	308,603	66,408	81,101	73,293	76,527	72,699	78,014	74,919	82,971	79,788
					Outflows	430,938	480,976	98,937	107,321	106,647	118,033	130,089	123,943	110,379	116,565	100,541
		Direct investment income			Inflows	72,700	84,809	14,390	20,770	16,291	21,248	17,504	19,095	20,756	27,455	19,963
					Outflows	206,493	261,562	46,506	46,236	51,229	62,522	74,377	65,478	57,220	64,486	47,354
			of which:
				Manufacturing	Outflows	123,789	169,125	28,916	24,858	32,332	37,683	51,556	39,722	35,167	42,680	25,110
				Information and communication	Outflows	53,532	64,221	11,597	14,469	11,563	15,903	16,517	18,700	14,564	14,440	15,128

			Income on equity		Inflows	68,487	80,216	13,316	19,685	15,257	20,230	16,366	17,943	19,632	26,275	19,124
					Outflows	194,420	251,910	43,070	43,135	48,369	59,846	71,934	63,206	54,703	62,067	45,326
				Dividends & distributed branch profits	Inflows	39,170	42,834	1,523	..	..	3,013	1,467	21,555	17,264	2,548	20,175
					Outflows	163,797	189,041	46,643	45,353	43,617	28,184	28,092	101,965	33,566	25,419	49,491
				Reinvested earnings	Inflows	29,317	37,382	11,792	..	..	17,217	14,898	-3,612	2,368	23,727	-1,051
					Outflows	30,623	62,869	-3,573	-2,218	4,752	31,662	43,842	-38,759	21,137	36,648	-4,165
			Income on debt		Inflows	4,212	4,593	1,075	1,085	1,034	1,019	1,138	1,152	1,123	1,180	839
					Outflows	12,073	9,652	3,436	3,101	2,860	2,676	2,443	2,272	2,517	2,419	2,028
		Portfolio investment income			Inflows	148,968	152,398	33,919	40,647	37,576	36,826	38,230	41,855	36,197	36,116	38,347
					Outflows	173,971	170,793	41,321	47,567	42,578	42,504	43,224	46,973	40,379	40,217	42,097
			Income on equity		Inflows	43,978	45,486	9,588	13,541	10,980	9,869	11,073	15,322	10,317	8,773	11,448
					Outflows	137,805	139,224	31,009	37,722	34,495	34,579	35,384	39,062	32,467	32,311	34,550
			Income on debt		Inflows	104,990	106,912	24,331	27,106	26,596	26,957	27,158	26,532	25,880	27,343	26,899
					Outflows	36,166	31,569	10,312	9,845	8,083	7,926	7,841	7,911	7,912	7,905	7,547
		Other investment income			Inflows	75,661	71,396	18,098	19,685	19,426	18,453	16,965	17,065	17,966	19,400	21,478
					Outflows	50,475	48,622	11,109	13,518	12,840	13,007	12,488	11,491	12,781	11,862	11,090
	Other primary income				Inflows	1,585	1,166	382	398	414	391	293	357	302	214	264
					Outflows	662	643	176	154	153	179	165	151	160	166	147

Secondary Income					Inflows	9,702	9,733	2,145	2,576	2,741	2,239	2,395	2,422	2,637	2,279	2,578
					Outflows	14,538	14,988	3,370	3,783	3,821	3,565	3,755	3,730	3,975	3,528	4,149

Income Balance					Net	-138,096	-177,732	-33,687	-27,324	-34,314	-42,771	-58,765	-47,172	-36,815	-34,979	-22,342

Current Account - Total					Inflows	1,133,761	1,204,899	255,699	297,857	277,479	302,726	297,710	297,132	293,207	316,850	287,001
					Outflows	1,037,938	1,156,618	236,565	259,987	256,619	284,767	293,727	283,158	277,753	301,980	269,117

Current Account Balance					Net	95,822	48,281	19,134	37,869	20,860	17,958	3,983	13,975	15,454	14,869	17,884

Capital Account Balance					Net	-1,938	-5,562	-1,536	-311	-256	166	299	-4,128	-1,538	-195	-1,599

Memorandum Item:
	Government Income				Inflows	362	442	89.37	87.42	124.46	100	155	12	206	69	-5
					Outflows	2,662	1,741	654.46	392.39	569.34	390	617	269	536	320	576
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
		2024	2025	2024				2025				2026
Item		Year		Quarter 1	Quarter 2	Quarter 3	Quarter 4	Quarter 1	Quarter 2	Quarter 3	Quarter 4	Quarter 1

Direct Investment	Abroad	20,536	57,594	15,645	24,821	-7,217	-12,713	21,982	14,906	-14,245	34,951	20,965
	In Ireland	-39,443	47,802	-912	-26,856	13,555	-25,229	32,988	-18,124	28,280	4,658	25,167

Equity	Abroad	-45,823	9,725	-4,842	-11,293	-9,786	-19,901	2,848	4,588	-10,012	12,301	..
	In Ireland	32,518	26,603	-8,870	24,537	5,426	11,425	35,701	-2,536	14,708	-21,269	1,782
Reinvested Earnings	Abroad	29,317	37,382	11,792	2,579	-2,271	17,217	14,898	-3,612	2,368	23,727	..
	In Ireland	30,623	62,869	-3,573	-2,218	4,752	31,662	43,842	-38,759	21,137	36,648	-4,165
Other Capital	Abroad	37,042	10,487	8,695	33,536	4,840	-10,029	4,236	13,929	-6,601	-1,077	11,048
	In Ireland	-102,584	-41,670	11,531	-49,175	3,376	-68,316	-46,555	23,171	-7,565	-10,721	27,550

Portfolio Investment	Assets	467,353	501,827	59,101	96,380	154,692	157,180	92,263	112,849	187,059	109,657	162,402
	Liabilities	397,757	428,262	29,581	105,907	126,172	136,097	119,502	70,794	123,405	114,561	208,990

Equity	Assets	207,332	254,501	17,658	58,232	47,479	83,963	54,306	43,958	83,176	73,061	84,926
	Liabilities	378,126	352,091	38,821	86,878	124,601	127,827	102,685	56,779	103,807	88,821	200,156
Debt Instruments	Assets	260,021	247,326	41,443	38,149	107,213	73,217	37,957	68,891	103,883	36,596	77,476
	Liabilities	19,631	76,171	-9,240	19,029	1,571	8,270	16,817	14,015	19,598	25,740	8,835
Bonds and notes	Assets	286,355	227,205	90,972	67,966	69,851	57,566	48,977	60,771	84,430	33,027	30,837
	Liabilities	18,344	75,646	-10,090	19,805	6,477	2,152	16,001	18,081	14,968	26,596	6,791
Money market instruments	Assets	-26,334	20,121	-49,529	-29,817	37,361	15,651	-11,020	8,120	19,453	3,568	46,639
	Liabilities	1,287	525	850	-775	-4,906	6,119	816	-4,066	4,630	-855	2,044

Other Investment	Assets	61,165	181,744	12,480	22,912	28,594	-2,821	137,400	-9,322	-39,582	93,249	145,927
	Liabilities	99,347	219,913	50,761	21,592	18,878	8,115	106,967	46,501	-24,269	90,713	94,180

Loans, currency and deposits	Assets	64,891	173,757	-13,431	29,599	8,733	39,990	70,616	58,914	35,373	8,854	117,473
	Liabilities	57,705	123,471	21,944	-1,302	719	36,344	29,714	73,463	-4,958	25,252	24,770
Other²	Assets	-3,726	7,987	25,911	-6,687	19,861	-42,811	66,783	-68,236	-74,955	84,395	28,454
	Liabilities	41,642	96,442	28,817	22,895	18,159	-28,229	77,253	-26,961	-19,311	65,461	69,410

Reserve Assets		-138	-19	-85.17	7.32	-305.27	245	238	-309	107	-55	18

Monetary gold		0	0	0	0	0	0	0	0	0	0	0
Special drawing rights		40	97	13.27	11.88	4.28	11	9	-3	81	9	9
Reserve position in the IMF		-122	79	8.52	-53.9	-7.86	-69	43	33	3	-1	-12
Foreign exchange		-154	-167	-361.26	1.08	-321.03	528	132	-190	106	-214	-87
Other		97	-27	254.3	48.26	19.34	-225	53	-149	-83	151	109

Balance on Financial Account		91,263	45,169	7,711	43,482	17,161	22,908	-7,575	18,952	5,923	27,869	976

Net errors and omissions		-2,622	2,450	-9,887	5,924	-3,443	4,784	-11,857	9,105	-7,993	13,195	-15,309
Memorandum Item:
Government financial	Assets	19,529	18,140	2,337	-2,529	3,448	16,273	1,722	203	709	15,507	-1,508
transactions	Liabilities	-791	-6,603	-1,830	459	1,199	-620	-5,580	-355	1,155	-1,824	-1,824
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
		2024	2025	2024				2025				2026
Item		Year		Quarter 1	Quarter 2	Quarter 3	Quarter 4	Quarter 1	Quarter 2	Quarter 3	Quarter 4	Quarter 1
Current Account - Total	Inflows	1,133,761	1,204,899	255,699	297,857	277,479	302,726	297,710	297,132	293,207	316,850	282,770
	Outflows	1,037,938	1,156,618	236,565	259,987	256,619	284,767	293,727	283,158	277,753	301,980	269,117

Merchandise²	Exports	330,393	367,441	76,697	79,175	82,218	92,303	102,452	88,988	87,487	88,514	73,050
	Imports	153,322	169,649	37,217	39,921	38,383	37,801	40,221	40,393	42,816	46,218	46,448

Services	Exports	494,163	517,313	109,922	134,460	118,665	131,116	119,708	127,188	127,703	142,714	126,919
	Imports	437,316	489,092	96,581	108,521	107,326	124,888	119,190	114,636	120,104	135,161	117,526

General Government	Exports	413	412	103	103	103	103	103	103	103	103	101
	Imports	105	102	25	29	24	27	30	25	30	17	16
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	7,915	8,127	1,905	2,047	1,983	1,981	1,973	1,986	2,123	2,045	1,976
	Imports	5,474	5,161	1,335	1,353	1,396	1,389	1,296	1,283	1,239	1,343	1,290
Other Sectors⁵	Exports	485,835	508,774	107,915	132,310	116,579	129,031	117,632	125,099	125,476	140,567	124,842
	Imports	431,737	483,828	95,221	107,139	105,905	123,472	117,864	113,328	118,835	133,801	116,219
of which:
Other Financial Intermediaries	Exports	46,347	52,704	11,210	10,867	11,384	12,886	12,296	12,984	13,366	14,058	14,530
	Imports	47,113	51,542	11,749	11,045	11,563	12,756	12,225	12,992	12,983	13,343	13,055
Non-Financial Companies⁶	Exports	439,488	456,070	96,705	121,443	105,195	116,145	105,335	112,116	112,111	126,509	110,312
	Imports	384,624	432,286	83,472	96,093	94,343	110,716	105,640	100,336	105,852	120,458	103,164

Primary Income	Inflows	299,502	310,412	66,935	81,646	73,854	77,067	73,155	78,534	75,380	83,343	80,224
	Outflows	432,762	482,890	99,397	107,763	107,089	118,513	130,561	124,398	110,857	117,073	100,995

General Government	Inflows	401	442	89	87	124	100	155	12	206	69	-5
	Outflows	2,665	2,377	829	545	723	568	767	430	697	482	725
Monetary Authority ³	Inflows	197	197	49	49	49	49	49	49	49	49	49
	Outflows	0	0	0	0	0	0	0	0	0	0	0
Monetary Financial Institutions⁴	Inflows	48,574	43,456	12,110	11,973	12,139	12,352	11,187	10,653	11,258	10,357	10,034
	Outflows	45,295	40,174	11,112	10,909	11,569	11,705	10,347	9,587	10,665	9,575	8,906
Other Sectors⁵	Inflows	250,330	266,317	54,686	69,536	61,541	64,566	61,764	67,819	63,866	72,867	70,146
	Outflows	384,802	440,339	87,456	96,308	94,797	106,240	119,447	114,381	99,495	107,016	91,363
of which:
Other Financial Intermediaries	Inflows	180,171	187,035	41,451	49,672	44,419	44,629	44,925	50,054	44,342	47,713	51,868
	Outflows	175,817	172,456	39,621	49,501	43,771	42,924	42,532	47,560	41,496	40,869	42,544
Non-Financial Companies⁶	Inflows	70,158	79,282	13,235	19,864	17,123	19,937	16,839	17,765	19,524	25,155	18,277
	Outflows	208,985	267,883	47,835	46,807	51,026	63,317	76,915	66,821	57,999	66,148	48,820

Secondary Income	Inflows	9,702	9,733	2,145	2,576	2,741	2,239	2,395	2,422	2,637	2,279	2,578
	Outflows	14,538	14,988	3,370	3,783	3,821	3,565	3,755	3,730	3,975	3,528	4,149

General Government	Inflows	166	74	19	-2	128	20	8	11	48	8	38
	Outflows	3,685	3,827	915	875	879	1,016	979	931	1,012	905	1,222
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	9,536	9,659	2,126	2,579	2,613	2,219	2,387	2,412	2,589	2,271	2,540
	Outflows	10,854	11,161	2,455	2,908	2,942	2,549	2,776	2,800	2,963	2,623	2,927
of which:
Other Financial Intermediaries	Inflows	8,246	8,342	1,803	2,256	2,290	1,896	2,064	2,088	2,266	1,925	2,211
	Outflows	8,246	8,342	1,803	2,256	2,290	1,896	2,064	2,088	2,266	1,925	2,211
Non-Financial Companies⁶	Inflows	1,291	1,317	323	323	323	323	323	323	324	346	329
	Outflows	2,608	2,819	652	652	652	652	712	711	697	699	716

Balance on Current Account		95,822	48,281	19,134	37,869	20,860	17,958	3,983	13,975	15,454	14,869	13,653

Balance on Capital Account		-1,938	-5,562	-1,536	-311	-256	166	299	-4,128	-1,538	-195	-1,599

Financial Account⁷
Direct investment	Abroad	20,536	57,594	15,645	24,821	-7,217	-12,713	21,982	14,906	-14,245	34,951	20,965
	In Ireland	-39,443	47,802	-912	-26,856	13,555	-25,229	32,988	-18,124	28,280	4,658	25,167

General Government	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 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	-564	332	..	24	..	64	-180	550	86	-125	107
	In Ireland	2,625	1,100	257	281	921	1,166	411	52	198	439	644
Other Sectors⁵	Abroad	21,101	57,262	..	24,797	..	-12,777	22,162	14,356	-14,331	35,075	20,858
	In Ireland	-42,068	46,702	-1,170	-27,137	12,634	-26,396	32,577	-18,176	28,082	4,219	24,522
of which:
Other Financial Intermediaries	Abroad	5,253	27,871	..	3,184	..	2,295	7,327	2,222	8,141	10,180	1,807
	In Ireland	14,698	-7,086	17,732	-14,153	12,075	-956	621	-7,460	-3,973	3,726	3,151
Non-Financial Companies⁶	Abroad	15,848	29,391	14,257	21,613	-4,950	-15,072	14,836	12,133	-22,472	24,895	19,051
	In Ireland	-56,766	53,788	-18,902	-12,984	559	-25,440	31,956	-10,716	32,055	493	21,371

Portfolio investment	Assets	467,353	501,827	59,101	96,380	154,692	157,180	92,263	112,849	187,059	109,657	162,402
	Liabilities	397,757	428,262	29,581	105,907	126,172	136,097	119,502	70,794	123,405	114,561	208,990

General Government	Assets	10,549	4,222	84	-292	3,341	7,417	260	269	105	3,588	10,197
	Liabilities	-232	-1,941	-1,033	461	959	-619	-3,182	-353	1,254	339	3,427
Monetary Authority ³	Assets	0	0	0	0	0	0	0	0	0	0	0
	Liabilities	0	0	0	0	0	0	0	0	0	0	0
Monetary Financial Institutions⁴	Assets	97,455	47,653	-2,081	12,086	57,515	29,935	-9,944	21,878	31,301	4,418	19,712
	Liabilities	93,544	53,573	-17,357	21,632	56,962	32,307	21,847	13,250	31,082	-12,606	87,192
Other Sectors⁵	Assets	359,349	449,952	61,099	84,587	93,836	119,828	101,947	90,702	155,653	101,651	132,494
	Liabilities	304,445	376,630	47,970	83,814	68,251	104,409	100,836	57,897	91,069	126,828	118,371
of which:
Other Financial Intermediaries	Assets	358,576	450,024	60,750	84,623	93,851	119,350	101,869	..	155,191	..	..
	Liabilities	300,547	390,554	42,147	76,746	73,322	108,333	92,248	59,304	112,134	126,868	115,920
Non-Financial Companies⁶	Assets	774	-72	348	-36	-16	478	77	..	462	..	..
	Liabilities	3,897	-13,924	5,824	7,068	-5,071	-3,923	8,588	-1,407	-21,066	-40	2,451

Other investment	Assets	61,165	181,744	12,480	22,912	28,594	-2,821	137,400	-9,322	-39,582	93,249	145,927
	Liabilities	99,347	219,913	50,761	21,592	18,878	8,115	106,967	46,501	-24,269	90,713	94,180

General Government	Assets	8,979	13,918	2,253	-2,237	107	8,856	1,462	-66	604	11,919	-11,704
	Liabilities	-560	-4,662	-797	-2	240	-1	-2,398	-2	-99	-2,163	-1,272
Monetary Authority ³	Assets	-2,704	-10,105	-8,117	8,792	-1,539	-1,841	-5,208	-489	166	-4,574	-790
	Liabilities	1,475	480	264	259	414	538	363	-777	423	470	295
Monetary Financial Institutions⁴	Assets	45,914	48,959	7,036	18,117	9,313	11,449	73,558	27,694	-9,092	-43,201	108,998
	Liabilities	24,477	38,211	20,632	858	348	2,639	44,665	27,725	-7,740	-26,440	47,947
Other Sectors⁵	Assets	8,976	128,972	11,308	-1,760	20,713	-21,285	67,587	-36,461	-31,259	129,106	49,424
	Liabilities	73,954	185,884	30,662	20,477	17,876	4,939	64,337	19,555	-16,854	118,846	47,210
of which:
Other Financial Intermediaries	Assets	13,238	120,728	19,342	-4,100	14,168	-16,172	75,028	-35,593	-42,779	124,072	56,689
	Liabilities	72,559	173,497	34,615	14,579	13,123	10,241	65,882	14,849	-22,591	115,357	50,905
Non-Financial Companies⁶	Assets	-4,262	8,244	-8,034	2,340	6,545	-5,113	-7,441	-869	11,520	5,034	-7,264
	Liabilities	1,396	12,387	-3,953	5,898	4,753	-5,303	-1,544	4,706	5,737	3,488	-3,695

Reserve Assets		-138	-19	-85	7	-305	245	238	-309	107	-55	18

Balance on Financial Account		91,263	45,169	7,711	43,482	17,161	22,908	-7,575	18,952	5,923	27,869	976
Net errors and omissions		-2,622	2,450	-9,887	5,924	-3,443	4,784	-11,857	9,105	-7,993	13,195	-11,078
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

Open in Excel: International Accounts Q1 2026 Table 1.5 (XLS 27KB)

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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
		2024	2025	2024				2025				2026
Item		Year		Quarter 1	Quarter 2	Quarter 3	Quarter 4	Quarter 1	Quarter 2	Quarter 3	Quarter 4	Quarter 1

Current Account - Total	Inflows	1,133,761	1,204,899	255,699	297,857	277,479	302,726	297,710	297,132	293,207	316,850	287,001
	Outflows	1,037,938	1,156,618	236,565	259,987	256,619	284,767	293,727	283,158	277,753	301,980	269,117

Merchandise²	Exports	330,393	367,441	76,697	79,175	82,218	92,303	102,452	88,988	87,487	88,514	77,281
	Imports	153,322	169,649	37,217	39,921	38,383	37,801	40,221	40,393	42,816	46,218	46,448
EMU	Exports	113,418	105,679	27,363	24,687	26,173	35,195	24,344	29,036	26,101	26,199	24,792
	Imports	66,381	78,989	17,171	16,996	16,122	16,092	18,063	18,661	20,114	22,152	19,503
Non-EMU	Exports	216,975	261,762	49,334	54,487	56,045	57,109	78,108	59,952	61,386	62,316	52,489
	Imports	86,941	90,660	20,046	22,924	22,261	21,709	22,158	21,733	22,702	24,067	26,945
EU	Exports	122,327	115,801	29,339	26,971	28,295	37,723	26,492	31,192	28,819	29,297	27,802
	Imports	72,357	85,815	18,748	18,393	17,593	17,624	19,752	20,320	21,700	24,044	21,276
Non-EU	Exports	208,066	251,640	47,358	52,204	53,923	54,581	75,960	57,796	58,668	59,217	49,479
	Imports	80,965	83,834	18,469	21,528	20,790	20,178	20,470	20,074	21,116	22,175	25,172

Services	Exports	494,163	517,313	109,922	134,460	118,665	131,116	119,708	127,188	127,703	142,714	126,919
	Imports	437,316	489,092	96,581	108,521	107,326	124,888	119,190	114,636	120,104	135,161	117,526
EMU	Exports	127,331	140,653	28,778	31,107	32,467	34,978	30,948	34,093	35,827	39,786	34,981
	Imports	61,122	62,122	11,860	15,843	15,018	18,402	12,458	15,548	15,166	18,950	12,738
Non-EMU	Exports	366,832	376,659	81,144	103,353	86,198	96,137	88,760	93,095	91,876	102,928	91,937
	Imports	376,194	426,970	84,721	92,678	92,308	106,486	106,732	99,089	104,939	116,211	104,787
EU	Exports	153,355	168,134	34,715	37,180	38,797	42,662	37,402	40,956	42,500	47,276	41,831
	Imports	68,552	71,175	13,484	17,683	16,917	20,467	14,642	17,715	17,412	21,407	15,033
Non-EU	Exports	340,808	349,178	75,207	97,280	79,868	88,453	82,306	86,232	85,202	95,438	85,087
	Imports	368,764	417,916	83,097	90,837	90,409	104,421	104,549	96,921	102,693	113,754	102,493

Primary Income	Inflows	299,502	310,412	66,935	81,646	73,854	77,067	73,155	78,534	75,380	83,343	80,224
	Outflows	432,762	482,890	99,397	107,763	107,089	118,513	130,561	124,398	110,857	117,073	100,995
EMU	Inflows	70,836	76,419	15,556	19,819	17,018	18,443	17,436	20,339	20,864	17,780	16,120
	Outflows	102,366	96,391	23,756	25,626	25,344	27,639	23,421	28,930	24,038	20,003	22,467
Non-EMU	Inflows	228,666	233,993	51,379	61,827	56,836	58,624	55,719	58,195	54,516	65,563	64,104
	Outflows	330,397	386,498	75,641	82,137	81,745	90,874	107,140	95,468	86,820	97,070	78,528
EU	Inflows	78,931	83,858	17,336	22,127	19,131	20,338	19,216	22,261	22,782	19,598	17,885
	Outflows	106,234	100,329	24,923	26,528	26,305	28,477	24,613	29,872	25,039	20,805	23,958
Non-EU	Inflows	220,571	226,554	49,599	59,519	54,723	56,730	53,939	56,273	52,598	63,744	62,339
	Outflows	326,529	382,560	74,474	81,235	80,784	90,036	105,948	94,526	85,818	96,269	77,036

Secondary Income	Inflows	9,702	9,733	2,145	2,576	2,741	2,239	2,395	2,422	2,637	2,279	2,578
	Outflows	14,538	14,988	3,370	3,783	3,821	3,565	3,755	3,730	3,975	3,528	4,149
EMU	Inflows	5,297	5,457	1,092	1,488	1,705	1,012	1,301	1,409	1,514	1,233	1,448
	Outflows	5,614	5,632	1,172	1,567	1,785	1,091	1,381	1,489	1,521	1,240	1,485
Non-EMU	Inflows	4,405	4,276	1,053	1,089	1,036	1,228	1,094	1,013	1,123	1,046	1,129
	Outflows	8,924	9,356	2,198	2,216	2,036	2,474	2,374	2,241	2,454	2,287	2,664
EU	Inflows	5,889	6,006	1,219	1,592	1,936	1,143	1,419	1,527	1,695	1,365	1,615
	Outflows	8,903	9,104	2,014	2,360	2,599	1,930	2,279	2,377	2,437	2,012	2,629
Non-EU	Inflows	3,813	3,728	927	985	805	1,097	976	896	942	914	962
	Outflows	5,635	5,884	1,356	1,422	1,222	1,635	1,476	1,353	1,539	1,516	1,521

Balance on Current Account		95,822	48,281	19,134	37,869	20,860	17,958	3,983	13,975	15,454	14,869	17,884

Balance on Capital Account		-1,938	-5,562	-1,536	-311	-256	166	299	-4,128	-1,538	-195	-1,599
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 2026 Table 1.6 (XLS 19KB)

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Table 1.7 Financial Account showing geographical detail

Table 1.7 Financial Account¹ showing geographical² detail												€ million
		2024	2025	2024				2025				2026
Item		Year		Quarter 1	Quarter 2	Quarter 3	Quarter 4	Quarter 1	Quarter 2	Quarter 3	Quarter 4	Quarter 1

Direct Investment	Abroad	20,536	57,594	15,645	24,821	-7,217	-12,713	21,982	14,906	-14,245	34,951	20,965
	In Ireland	-39,443	47,802	-912	-26,856	13,555	-25,229	32,988	-18,124	28,280	4,658	25,167

EMU	Abroad	-8,110	6,971	-694	15,418	-12,818	-10,016	6,789	5,293	-17,437	12,327	1,471
	In Ireland	-10,768	33,573	3,799	6,892	-10,960	-10,499	21,310	-9,072	5,132	16,203	-9,568
Non-EMU	Abroad	28,647	50,623	16,340	9,404	5,601	-2,697	15,194	9,613	3,192	22,624	19,494
	In Ireland	-28,675	14,229	-4,712	-33,748	24,515	-14,730	11,678	-9,052	23,148	-11,545	34,735
EU	Abroad	-5,872	4,475	-954	16,064	-11,653	-9,329	12,208	1,118	-21,460	12,608	8,573
	In Ireland	-9,333	34,369	3,728	7,250	-10,500	-9,812	21,710	-9,879	6,121	16,417	-9,647
Non-EU	Abroad	26,409	53,119	16,600	8,758	4,436	-3,385	9,774	13,788	7,215	22,343	12,392
	In Ireland	-30,110	13,433	-4,641	-34,107	24,055	-15,417	11,278	-8,245	22,159	-11,760	34,814

Portfolio Investment	Assets	467,353	501,827	59,101	96,380	154,692	157,180	92,263	112,849	187,059	109,657	162,402
	Liabilities	397,757	428,262	29,581	105,907	126,172	136,097	119,502	70,794	123,405	114,561	208,990

EMU	Assets	150,624	151,138	41,338	17,782	56,875	34,628	24,275	57,544	30,646	38,672	43,602
	Liabilities	128,538	152,491	-7,592	24,097	47,853	64,180	48,917	25,293	43,876	34,405	76,347
Non-EMU	Assets	316,729	350,689	17,763	78,598	97,816	122,552	67,987	55,304	156,413	70,985	118,800
	Liabilities	269,219	275,772	37,173	81,810	78,320	71,917	70,585	45,501	79,529	80,156	132,644
EU	Assets	169,745	175,315	49,912	25,024	59,184	35,625	36,460	60,257	36,935	41,662	51,421
	Liabilities	134,427	155,601	-4,749	22,961	49,525	66,691	50,646	24,982	41,704	38,270	81,153
Non-EU	Assets	297,609	326,513	9,189	71,357	95,508	121,555	55,802	52,592	150,124	67,994	110,981
	Liabilities	263,330	272,661	34,331	82,946	76,647	69,406	68,857	45,812	81,701	76,291	127,838

Other Investment³	Assets	61,165	181,744	12,480	22,912	28,594	-2,821	137,400	-9,322	-39,582	93,249	145,927
	Liabilities	99,347	219,913	50,761	21,592	18,878	8,115	106,967	46,501	-24,269	90,713	94,180

EMU	Assets	-7,182	22,381	-5,462	-1,327	12,279	-12,673	32,709	22,296	1,958	-34,581	-11,247
	Liabilities	10,925	24,482	22,888	-478	-5,166	-6,319	33,285	41,733	-21,022	-29,514	36,336
Non-EMU	Assets	68,347	159,363	17,942	24,239	16,315	9,852	104,691	-31,618	-41,539	127,830	157,174
	Liabilities	88,422	195,431	27,874	22,070	24,044	14,434	73,682	4,768	-3,247	120,228	57,845
EU	Assets	2,291	24,060	1,717	-2,134	14,353	-11,644	41,946	17,846	1,208	-36,940	-7,611
	Liabilities	16,976	23,609	26,094	2,233	-6,024	-5,328	34,189	40,971	-21,619	-29,931	36,247
Non-EU	Assets	58,873	157,684	10,763	25,046	14,241	8,823	95,453	-27,168	-40,790	130,188	153,538
	Liabilities	82,371	196,304	24,668	19,359	24,902	13,443	72,778	5,531	-2,650	120,644	57,934

Reserve Assets		-138	-19	-85	7	-305	245	238	-309	107	-55	18

Balance on Financial Account		91,263	45,169	7,711	43,482	17,161	22,908	-7,575	18,952	5,923	27,869	976

Net errors and omissions		-2,622	2,450	-9,887	5,924	-3,443	4,784	-11,857	9,105	-7,993	13,195	-15,309
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.