The balance on the current account for the Rest of the World1 sector is shown in Figure 16. 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 2014 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 (-€7m 2014). This same discrepency is also reported for S.1 (i.e. the total domestic economy) but with the opposite sign.
| Current Account Balance | |
| 2004 | 0.153060598679904 |
| 2005 | 5.611522932792 |
| 2006 | 9.1119000296179 |
| 2007 | 11.9585537484744 |
| 2008 | 10.8371120725759 |
| 2009 | 7.00988286170881 |
| 2010 | 1.2603441934047 |
| 2011 | 2.00882222366353 |
| 2012 | 2.688 |
| 2013 | -5.556 |
| 2014 | -6.833 |
Figure 17 shows the net financial position of the rest of the world vis-á-vis Ireland. The sector decreased its net asset position vis-á-vis Ireland by €25.3bn during the year to €197.1bn representing an 11.4 per cent reduction from the 2013 net position3.
| Assets | Liabilities | Net Financial Position | |
| 2004 | 1555.34525070725 | 1515.5207587036 | 39.8244920036464 |
| 2005 | 2053.87622463215 | 1982.24596472604 | 71.6302599061075 |
| 2006 | 2297.29424691234 | 2251.59116017171 | 45.7030867406265 |
| 2007 | 2598.6113312189 | 2536.37002392438 | 62.2413072945164 |
| 2008 | 2709.51352255297 | 2531.24230981906 | 178.27121273391 |
| 2009 | 2875.13820557803 | 2681.09596677382 | 194.042238804209 |
| 2010 | 3068.27047280302 | 2881.74345291878 | 186.52701988424 |
| 2011 | 3183.2763355741 | 2949.21784607112 | 234.05848950298 |
| 2012 | 3347.117592341 | 3120.717167599 | 226.400424742 |
| 2013 | 3375.534789396 | 3153.154554509 | 222.380234886999 |
| 2014 | 4153.527534977 | 3956.42603628 | 197.101498697 |
1The trends in the rest of the world accounts have already been commented on in the Quarterly International Investment Position and External Debt release (Quarter 2 2015) and the Balance of Payments release (Quarter 2 2015)
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 -€197.3bn, when Gold is excluded.
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