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Key Findings

Current Account of the Balance of Payments recorded a surplus of €19.5 billion in flows with the rest of the world in Q2 2025

Online ISSN: 2565-6384
CSO statistical release, , 11am

Key Findings

  • Ireland’s Balance of Payments showed a current account surplus of €19.5bn in Quarter 2 (Q2) 2025 (See Table 1.3).

  • Merchandise exports were €94.6bn in Q2 2025, an increase of €16.4bn compared with Q2 2024. Merchandise imports were €36.2bn in Q2 2025 down €3.5bn compared with the same period in 2024.

  • Service exports at €123.1bn, were down by €8.7bn compared with Q2 2024. Service imports at €110.7bn were up €5.4bn over the same period in 2024.

  • The trade balance at €70.9bn, all goods and services exports less all goods and services imports, grew by €5.8bn in Q2 2025 over the same period in 2024.

  • The overall income balance for Q2 2025 was -€51.4bn, a decline of €21.5bn compared with the same period in 2024.

  • Direct investment into Ireland were down by €34.0bn in Q2 2025 while direct investment abroad rose by €4.8bn in the quarter (See Table 1.4).

  • The stock of Foreign Direct Investment (FDI) assets held in Ireland by foreign investors fell by €74.2bn in Q2 2025 to €1,006.0bn. FDI assets held abroad by Irish investors were down by €30.7bn in the quarter to €1,137.9bn (See Table 5.2).

Statistician's Comment

The Central Statistics Office (CSO) today (04 September 2025) published the International Accounts results for Quarter 2 (Q2) 2025.

Commenting on the release, Gillian Roche, Assistant Director General with responsibility for International and Government Accounts Statistics said: 

“In the International Accounts, the Current Account of the Balance of Payments recorded a surplus of €19.5 billion in flows with the rest of the world in Q2 2025, a decrease of €15.7 billion compared with the surplus of €35.2 billion recorded in Q2 2024. The Merchandise balance rose by €19.9 billion in Q2 2025 compared with the same quarter in 2024 while the Services balance declined by €14.1 billion. Net outflows of multinational profits were €48.5 billion in the quarter, an increase of €23.4 billion on the net outflows recorded in Q2 2024.

 Today’s International Accounts release includes a table of Current Account transactions with the United States (See Table 3.4). The results show a deficit of €16.1 billion for Trade in Goods & Services with the US in Q2 2025, up €6.7 billion on the Q2 2024 trade balance. This trade deficit in Q2 2025, when combined with a deficit of €18.7 billion for net income flows, gives an overall Current Account deficit with the US of €34.8 billion in the quarter.”

 More commentary is available in the Press Statement also issued today. See also Quarterly National Accounts results for Q2 2025 also published today