The balance on the current account for the Rest of the World sector1 is shown in Figure 6.1. In the sector accounts this account is presented from the point of view of the rest of the world2.
The current account deficit for the rest of the world in 2022 should be matched, in accounting terms, by a financial account surplus. However, the errors and omissions term in the statistics for the rest of the world sector arises because of discrepancies between the financial and current accounts. This is reported in the summary tables as the difference between B.9 and B.9F (-€2.1bn in 2022). This same discrepancy is also reported for the total domestic economy (S.1) but with the opposite sign.
| Current Account Balance | |
| 2012 | 5.639386034 |
| 2013 | -3.019395532 |
| 2014 | -2.315389546 |
| 2015 | -11.77849266 |
| 2016 | 11.190607598 |
| 2017 | -1.640617636 |
| 2018 | -16.162619357 |
| 2019 | 70.625159418 |
| 2020 | 24.50476 |
| 2021 | -59.53084 |
| 2022 | -54.58807 |
Figure 6.2 shows the net financial position of the rest of the world vis-à-vis Ireland during 2012 to 2022. The sector increased its net asset position vis-à-vis Ireland by €22.9bn during the year 2022 to €591.2bn representing a 4.0% increase from the 2021 net position3.
| Assets | Liabilities | Net Financial Position | |
| 2012 | 3.357746666949 | 3.117254245899 | 240.492421050001 |
| 2013 | 3.550459662279 | 3.311430617706 | 239.029044573 |
| 2014 | 4.428566355316 | 4.108474545891 | 320.091809425001 |
| 2015 | 5.378950159208 | 4.858281116029 | 520.669043179 |
| 2016 | 5.560071604354 | 5.094500146477 | 465.571457877 |
| 2017 | 5.769905883378 | 5.273831181228 | 496.07470215 |
| 2018 | 6.104123768151 | 5.505370135853 | 598.753632298 |
| 2019 | 7.119288537499 | 6.432609131732 | 686.679405766999 |
| 2020 | 7.430997459349 | 6.811945966133 | 619.051493215999 |
| 2021 | 8.770027732984 | 8.20181887987 | 568.208853113998 |
| 2022 | 8.28949473317 | 7.698336407026 | 591.158326143999 |
1The trends in the rest of the world accounts have already been commented on in the International Accounts publication.
2A current account deficit in the rest of the world account is the equivalent of a current account surplus in the balance of payments presentation.
3This corresponds to a net international investment position with the rest of the world of -€591.2bn.
Learn about our data and confidentiality safeguards, and the steps we take to produce statistics that can be trusted by all.