Table 5.1 International Investment Position | € billion | ||||||
30 June 2024 | 30 September 2024 | ||||||
Assets | Liabilities | NET | Assets | Liabilities | NET | ||
General Government | 28.7 | 123.2 | -94.5 | 18.7 | 113.4 | -94.7 | |
Monetary Authority | 125.3 | 35.1 | 90.1 | 123.3 | 35.5 | 87.8 | |
Monetary Financial Institutions | 1,283.7 | 1,166.7 | 117.1 | 1,354.3 | 1,221.4 | 132.9 | |
Other Financial Intermediaries | 5,624.4 | 5,488.7 | 135.7 | 5,789.5 | 5,649.3 | 140.1 | |
Non-Financial Companies | 1,219.9 | 1,925.9 | -705.9 | 1,117.3 | 1,796.6 | -679.3 | |
Total | 8,282.1 | 8,739.6 | -457.5 | 8,403.1 | 8,816.3 | -413.2 |
At 30th September 2024, Ireland's quarterly international investment position ((IIP) results show overall stocks of foreign financial assets of €8,403bn - an increase of €121bn on the end-June 2024 level, while the corresponding stocks of foreign financial liabilities increased by €77bn to €8,816 over the quarter. Irish residents had an overall net foreign liability of €413bn at end-September 2024, a decrease of €44bn in the net foreign liability level at end-June 2024 - see Table 5.2.
X-axis label | Net IIP %GDP |
---|---|
Q42022 | -110 |
Q12023 | -102 |
Q22023 | -104 |
Q32023 | -104 |
Q42023 | -101 |
Q12024 | -93 |
Q22024 | -90 |
Q32024 | -80 |
Some points of note in the Quarter 3 2024 IIP are:
X-axis label | Direct Investment | Portfolio Investment | Other Investment | Reserve Assets | Net IIP |
---|---|---|---|---|---|
Q42022 | -139.2 | -772.2 | 324.4 | 12.2 | -574.8 |
Q12023 | -81.9 | -843.1 | 375.3 | 12.2 | -537.5 |
Q22023 | -38.6 | -806.2 | 286.8 | 12 | -545.9 |
Q32023 | -93.1 | -755.4 | 295.8 | 11.7 | -541.1 |
Q42023 | -51.6 | -794.4 | 317.4 | 11.7 | -517 |
Q12024 | 61.5 | -832.3 | 286.2 | 11.8 | -472.9 |
Q22024 | 136.2 | -914.4 | 308.8 | 11.9 | -457.5 |
Q32024 | 118.4 | -886.8 | 343.8 | 11.5 | -413.2 |
Figure 5.2 shows the net IIP over time along with the contribution of each instrument type to it.
X-axis label | General Government | Monetary Financial Institutions | Other Financial Intermediaries | Non-Financial Companies |
---|---|---|---|---|
31 Dec 2023 | 791 | 584 | 1137 | 1943 |
31 Mar 2024 | 792 | 610 | 1202 | 2096 |
30 Jun 2024 | 793 | 637 | 1231 | 2203 |
30 Sep 2024 | 829 | 678 | 1269 | 2284 |
For Portfolio Investment assets, equity and debt securities, the sector of the non-resident issuer is collected. Analysing this data shows that Irish residents hold debt as follows:
X-axis label | Direct Investment | Other Sectors | Monetary Financial Institutions | Monetary Authority | General Government |
---|---|---|---|---|---|
Q42023 | 545 | 1826 | 307 | 35 | 126 |
Q12024 | 613 | 1875 | 333 | 35 | 124 |
Q22024 | 559 | 1951 | 337 | 35 | 123 |
Q32024 | 506 | 1975 | 337 | 35 | 113 |
At 30th September 2024, the gross external debt of all resident sectors (i.e. general government, the monetary authority, financial and non-financial corporations and households) amounted to €2,966bn. This represents a decrease of €39bn in the stock of financial liabilities to non-residents (other than those arising from issues of Irish equities and derivatives contracts) compared to the level shown at 30th June 2024 (€3,005bn) - see Table 5.9.
Points of note are:
Gross external debt represents the stock of Ireland's liabilities to non-residents other than equity and financial derivatives.
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