Back to Top

 Skip navigation

Accounts with the UK

Open in Excel:

Current account with UK shows surplus of €0.1bn in Quarter 4 2020

MerchandiseServicesIncomeCurrent Account
Q3 2018-0.4373.308-3.545-0.674
Q4 2018-0.6763.267-3.917-1.326
Q1 2019-1.7553.087-3.29-1.957
Q2 2019-0.7363.447-4.478-1.767
Q3 2019-0.9483.835-3.786-0.899
Q4 2019-1.3263.974-2.691-0.043
Q1 2020-1.1173.319-3.351-1.15
Q2 2020-1.2263.43-2.1160.088
Q3 2020-0.9364.147-1.9561.254
Q4 2020-1.6053.935-2.1840.146

Current account with UK (See Table 3.1)

  • Merchandise exports were €6,003m in the fourth quarter of 2020, an increase of €299m compared with the fourth quarter of 2019.
  • Merchandise imports were €7,608m in the fourth quarter of 2020, an increase of €578m compared with the fourth quarter of 2019.
  • Services exports at €9,705m increased by €83m compared to the fourth quarter of 2019, mainly due to computer and financial exports.
  • Services imports at €5,770m were up €122m over that same period in 2019. These figures were affected by increased levels of financial and business costs.
  • Investment income earned in UK at €4,766m, decreased by €1,402m compared with one year earlier while investment income payable to UK investors at €6,963m decreased by €1,903m.
  • When these effects are combined, the trade balance with the UK has decreased by €318m and net income outflows have decreased by €507m, compared with the fourth quarter of 2019. The result is a current account balance surplus of €146m in the fourth quarter of 2020, up from a deficit of €43m in the fourth quarter of 2019.

The experimental table on foreign direct investment with UK (See Table 3.2); shows that direct investment in Ireland from the UK has increased by €1,024m in the fourth quarter of 2020. Direct investment abroad from Ireland to the UK has increased by €630m in the fourth quarter of 2020 mainly due to increases in other capital and equity.

Show Table: Table 3.1 Current Account with UK

Show Table: Table 3.2 Foreign Direct Investment with UK


Next Chapter >> Foreign Direct Investment