Ireland’s Balance of Payments showed a current account surplus of €12.8 billion in Quarter 4 (Q4) 2025 (See Table 1.3).
Merchandise exports were €87.9 billion in Q4 2025, an decrease of €4.4 billion compared with Q4 2024. Merchandise imports were €45.6 bilion in Q4 2025 up €8.4 billion compared with the same period in 2024.
In Q4 2025, Service exports at €138.1 billion, were up by €10.2 bilion compared with Q4 2024. Service imports at €130.0 bilion rose €9.0 billion over the same period in 2024.
The trade balance at €50.3 billion, all goods and services exports less all goods and services imports, declined by €11.5 billion in Q4 2025 over the same period in 2024.
The overall income balance for Q4 2025 was -€37.5 billion, an increase of €6.2 billion compared with the same period in 2024.
Direct investment into Ireland rose by €10.8 billion in Q4 2025 while direct investment abroad increased by €29.4 billion in the quarter (See Table 1.4).
The stock of Foreign Direct Investment (FDI) assets held in Ireland by foreign investors grew by €5.4 billion in Q4 2025 to €1,046.6 billion. FDI assets held abroad by Irish investors were up by €87.5 billion in the quarter to €1,199.2 billion (See Table 5.2).
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Statistician's Comment
The Central Statistics Office (CSO) has today (05 March 2026) published the International Accounts results for Quarter 4 (Q4) 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 €12.8 billion in flows with the rest of the world in Q4 2025, a decrease of €5.3 billion compared with the surplus of €18.2 billion recorded in Q4 2024. The Merchandise balance decreased by €12.8 billion in Q4 2025 compared with the same quarter in 2024, while the Services balance went up by €1.2 billion. Net outflows of multinational profits were €37.4 billion in the quarter, a decrease of €3.0 billion on the net outflows recorded in Q4 2024.
Today’s International Accounts release includes a table of Current Account transactions with the US. The results show a deficit of €37.6 billion for Trade in Goods & Services with the US in Q4 2025, up €10.0 billion on the Q4 2024 trade balance. This trade deficit in Q4 2025, when combined with a deficit of €32.8 billion for net income flows, gives an overall Current Account deficit with the US of €70.4 billion in the quarter.”
More commentary is available in the Press Statement also issued today. See also Quarterly National Accounts results for Q4 2025 also published today.