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Resident Holdings of Foreign Portfolio Securities 2024

Investment in foreign securities increased to €5.4 trillion at end of 2024

Online ISSN: 2009-6747

CSO statistical release, 08 October 2025, 11am

Key Findings

The value of Irish residents’ holdings of foreign securities at the end of December 2024 amounted to €5,382bn, an increase of €928bn on the 2024 amount.
Combined investment in US-issued and UK-issued instruments at €3,010bn accounted for 55.9% of the total stock in 2024.
Overall investment in US securities increased to €2,296bn.
Investment in UK securities rose to €714bn.
Total investment in investment funds went up by €721bn to €3,715bn. The corresponding total investment in money market funds increased by €125bn to €623bn.
Significant holdings are also shown for France (€324bn, up 14.2%), Germany (€191bn, up 19.9%), Luxembourg (€183bn, up 11.8%), the Netherlands (€172bn, up 16.5%), Japan (€154bn, up 7.2 %) and Italy (€152bn, up 14.5 %).

Statistician's Comment

The Central Statistics Office (CSO) has today (08 October 2025) published the Resident Holdings of Foreign Portfolio Securities 2024.

Commenting on the release, Margaret Kinsella, Statistician in the International Accounts Division of the CSO, said:

“Irish resident holdings of foreign portfolio securities reached €5,382bn at the end of December 2024, up €928bn on the 2023 value of €4,454bn. This was largely due to an increase in holdings of Equity and Bonds & Notes which were up €579bn and €225bn respectively. Investment in US-issued and UK-issued instruments remained strong and for the sixth consecutive year their combined investment exceeded 55% of the total resident holdings.

Foreign portfolio securities remained predominantly invested in Investment Funds and Money Market Funds where holdings increased by €721bn and €125bn respectively to €3,715bn and €623bn at the end of 2024.”

Resident Holdings of Foreign Portfolio Securities - 31 December 2024				€ million
	Equity	Bonds and Notes	Money Market Instruments	Total
2024
Total	2,686,093	1,968,476	727,669	5,382,238
of which:
United States	1,465,886	631,261	199,269	2,296,416
United Kingdom	190,087	372,116	151,762	713,965
France	72,117	165,352	86,038	323,507
Germany	54,885	102,862	33,415	191,162
Luxembourg	118,153	49,411	15,111	182,674

Open in Excel: Resident Holdings of Foreign Portfolio Securities 2024 Headline Table (XLS 13KB)

Investment in foreign securities increased to €5.4 trillion at the end of 2024

The value of Irish residents’ holdings of foreign securities at the end of December 2024 amounted to €5,382bn, up €928bn on the 2023 level of €4,454bn. The increase was largely accounted for by increases in Equity and Bonds & Notes assets.

A total of €3,010bn was attributed to a combined investment in US-issued and UK-issued instruments. Together, they accounted for more than half of the total stock.

	Equity	Bonds	MMIs
United States	1465.886	631.261	199.269
United Kingdom	190.087	372.116	151.762
France	72.117	165.352	86.038
Germany	54.885	102.862	33.415
Luxembourg	118.153	49.411	15.111
Other	784.965	647.474	242.074

Other points of note from the end of 2024 results are:

Overall investment in US securities increased by €550bn to €2,296bn and prevailed as the most attractive investment location. US investment in Equity increased by €430bn and US investment in Bonds & Notes and Money Market Instruments increased by €95bn and €26bn respectively (See Table 1). Investment Funds accounted for 83% of US securities while investment by Money Market Funds accounted for 7% of the US securities total (See Table 2).
Investment in UK securities went up by €59bn to €714bn, holding its position as the second most popular investment location. France was still ranked in third place where investment increased by €40bn to €324bn.
Significant holdings are also shown for Germany (€191bn, up 19.9%), Luxembourg (€183bn, up 11.8%), the Netherlands (€172bn, up 16.5), Japan (€154bn, up 7.2 %) and Italy (€152bn, up 14.5 %).
Total investment in Investment Funds rose by €721bn to €3,715bn – the corresponding total investment in Money Market Funds increased by €125bn to €623bn (See Table 2).

	Debt	Equity
Central Bank	13.138865007	0
Banks	43.640515449	6.798805476
Money Market Funds	623.472776185	0
Investments Funds	1398.723623	2316.589362085
Insurance & Pensions	107.570705829	262.312747104
Government	11.701772357	4.396315034
Other	497.896931685	95.995994515

^{Central Bank: S121}
^{Banks: S122}
^{Money Market Funds: S123}
^{Investment Funds: S124}
^{Insurance & Pensions: S128/S129}
^{Government: S13}
^{Other: S1V/S12O}

	Debt	Equity
2022	2143.48633831387	1787.94642531032
2023	2346.59758660132	2107.56003829643
2024	2696.14518951411	2686.09322421619

This release also provides analysis by country of issuer and sector of holder (Table 2). Corresponding data for 2024 are shown including revisions resulting from more recent information. Overall, the data are compatible in form and content with the data being submitted to the International Monetary Fund (IMF) as part of Ireland’s on-going participation in the IMF’s world-wide bi-annual Coordinated Portfolio Investment Survey. They are also consistent with the portfolio investment stock statistics published on September 2025 in the International Accounts Quarter 2 2025 – see the Background Notes for more information. More detailed geographical analysis is available on the CSO’s open data portal PxStat.

Table 1 Resident Holdings of Foreign Portfolio Securities - by Country of Issue

Table 1 Resident Holdings of Foreign Portfolio Securities¹ - by Country of Issuer								€ million
Country	Equity		Bonds and Notes		Money Market Instruments		Total
Country	31 Dec 2023²	31 Dec 2024	31 Dec 2023²	31 Dec 2024	31 Dec 2023²	31 Dec 2024	31 Dec 2023²	31 Dec 2024
Australia	20,685	23,231	16,461	20,680	21,813	30,207	58,959	74,118
Austria	..	2,418	..	..	..	..	14,373	18,835
Belgium	5,315	6,004	15,144	17,865	21,534	22,452	41,992	46,320
Bermuda	12,201	13,476	7,608	10,037	587	346	20,397	23,859
Brazil	9,347	6,961	5,274	4,398	76	68	14,696	11,426
Canada	28,504	37,527	26,039	32,148	31,188	29,282	85,731	98,956
Cayman Islands	92,695	109,380	18,724	18,640	3,017	2,575	114,436	130,596
China	25,419	30,135	9,215	10,807	1,303	1,019	35,937	41,962
Denmark	17,560	17,468	12,758	13,253	5,764	3,138	36,082	33,858
Finland	6,879	7,843	11,153	11,779	10,820	15,928	28,852	35,550
France	66,007	72,117	144,146	165,352	73,012	86,038	283,165	323,507
Germany	47,663	54,885	89,181	102,862	22,611	33,415	159,454	191,162
Hong Kong	9,704	9,828	1,837	1,790	408	133	11,949	11,751
India	39,147	51,184	3,277	4,189	146	221	42,569	55,594
Indonesia	4,713	4,196	6,287	6,093	0	0	10,999	10,289
Italy	53,433	56,423	76,523	92,908	2,469	2,313	132,424	151,644
Japan	85,124	99,437	21,113	22,503	37,220	31,913	143,458	153,853
Jersey	9,543	8,291	6,583	7,842	167	414	16,293	16,547
Korea, Republic of	25,187	21,540	7,541	6,303	170	833	32,899	28,676
Luxembourg	106,336	118,153	45,634	49,411	11,459	15,111	163,429	182,674
Mexico	5,227	3,610	10,690	11,958	0	0	15,916	15,568
Netherlands	45,833	51,958	81,918	91,176	20,290	29,281	148,041	172,414
Norway	8,561	7,912	10,609	12,295	8,187	9,731	27,357	29,938
Poland	..	3,293	..	..	..	..	7,290	8,701
Portugal	3,788	3,387	3,662	4,382	73	153	7,524	7,922
Russian Federation	97	49	616	122	0	0	713	171
Singapore	5,664	6,925	3,260	4,151	4,665	16,364	13,590	27,440
South Africa	4,796	5,236	5,179	5,589	5	0	9,979	10,825
Spain	14,663	17,212	48,100	56,558	3,119	2,978	65,882	76,748
Sweden	17,737	21,289	21,036	28,348	9,598	11,081	48,370	60,718
Switzerland	49,066	56,837	14,884	15,398	667	695	64,616	72,930
Taiwan, Province of China	29,079	41,221	20	54	0	0	29,100	41,275
Turkey	1,100	1,501	3,342	4,733	5	0	4,447	6,234
United Kingdom	167,851	190,087	365,759	372,116	120,924	151,762	654,535	713,965
United States	1,036,080	1,465,886	536,657	631,261	173,665	199,269	1,746,402	2,296,416
Other countries ³	47,420	59,189	79,405	88,112	11,926	17,988	138,755	165,292
International Organisations	4	4	19,697	27,620	3,846	6,879	23,547	34,504
Total	2,107,560	2,686,093	1,743,457	1,968,476	603,141	727,669	4,454,158	5,382,238
¹The figures exclude Reserve Assets (see Background Notes).
²Revised.
³This category includes data supplied by respondents without a geographical breakdown.
.. Suppressed for confidentiality reasons.
Differences of figures are due to rounding.

Open in Excel: Resident Holdings of Foreign Portfolio Securities 2024 Table 1 (XLS 17KB)

Visit Table BPA02 on PxStat

Table 2a Resident Holdings of Foreign Portfolio Securities - by Country of Issuer and Sector Holder

Table 2a Resident Holdings of Foreign Portfolio Securities¹ - by Country of Issuer and Sector of Holder, 2024									€ million
Country	Central Bank	Banks	Money Market Funds	Investment Funds	Insurance & Pensions	Government	Non financial corporations, households and NPISH	Other financial institutions	Total
	S121	S122	S123	S124	S128/9	S13	S1V	S12O
	31 Dec 2024	31 Dec 2024	31 Dec 2024	31 Dec 2024	31 Dec 2024	31 Dec 2024	31 Dec 2024	31 Dec 2024	31 Dec 2024
Australia	0	..	30,593	36,438	..	17	0	3,548	74,118
Austria	336	..	5,707	..	..	437	0	..	18,835
Belgium	969	310	21,007	14,999	3,412	613	0	5,011	46,320
Bermuda	0	..	0	18,446	..	3	0	5,020	23,859
Brazil	0	..	0	..	..	8	..	..	11,426
Canada	560	1,349	23,857	61,745	4,567	71	0	6,808	98,956
Cayman Islands	0	948	1,477	119,865	2,460	660	73	5,114	130,596
China	0	0	1,011	39,357	1,155	73	0	367	41,962
Denmark	77	294	2,223	27,190	2,125	11	0	1,938	33,858
Finland	179	1,582	15,454	11,222	2,883	147	0	4,083	35,550
France	3,755	5,355	77,344	137,835	27,337	4,440	0	67,442	323,507
Germany	581	-2,496	30,324	97,596	22,363	2,941	13	39,841	191,162
Hong Kong	0	..	101	10,540	..	9	0	432	11,751
India	0	..	0	53,428	..	7	..	807	55,594
Indonesia	0	0	0	10,106	158	11	0	13	10,289
Italy	1,056	4,614	67	70,230	47,174	39	0	28,465	151,644
Japan	94	398	25,274	115,832	5,731	160	0	6,363	153,853
Jersey	0	996	337	11,999	522	8	3	2,682	16,547
Korea, Republic of	187	..	558	24,914	..	1	0	1,418	28,676
Luxembourg	71	356	7,529	73,594	63,076	535	0	37,513	182,674
Mexico	0	0	0	14,936	236	12	0	385	15,568
Netherlands	210	3,387	27,267	84,239	8,762	115	0	48,435	172,414
Norway	136	913	8,784	15,593	2,586	3	0	1,923	29,938
Poland	97	..	0	5,675	..	10	0	906	8,701
Portugal	111	-31	4	3,775	682	1	0	3,379	7,922
Russian Federation	0	..	0	139	..	0	0	31	171
Singapore	0	..	16,218	10,195	..	6	0	318	27,440
South Africa	0	0	0	10,585	225	6	0	10	10,825
Spain	991	3,627	1,850	43,809	8,086	121	0	18,263	76,748
Sweden	0	730	10,097	31,009	6,859	10	0	12,013	60,718
Switzerland	69	171	368	49,665	13,474	36	0	9,145	72,930
Taiwan Province of China	0	0	0	39,680	1,591	3	0	0	41,275
Turkey	0	0	0	5,708	61	7	0	458	6,234
United Kingdom	0	8,365	141,133	403,119	..	736	..	106,864	713,965
United States	0	9,282	156,032	1,899,049	72,915	2,058	341	156,739	2,296,416
Other countries²	71	929	12,351	130,400	8,067	959	247	12,265	165,292
International Organisations	3,589	5,401	6,506	12,907	663	1,824	0	3,615	34,504
Total	13,139	50,439	623,473	3,715,313	369,883	16,098	686	593,207	5,382,238
¹The figures exclude Reserve Assets (see Background Notes).
²This category includes data supplied by respondents without a geographical breakdown.
.. Suppressed for confidentiality reasons.
Differences of figures are due to rounding.

Open in Excel: Resident Holdings of Foreign Portfolio Securities 2024 Table 2a (XLS 18KB)

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Table 2b Resident Holdings of Foreign Portfolio Securities - by Country of Issuer and Sector Holder

Table 2b Resident Holdings of Foreign Portfolio Securities¹ - by Country of Issuer and Sector of Holder, 2023									€ million
Country	Central Bank	Banks	Money Market Funds	Investment Funds	Insurance & Pensions	Government	Non financial corporations, households and NPISH	Other financial institutions	Total
	S121	S122	S123	S124	S128/9	S13	S1V	S12O
	31 Dec 2023²	31 Dec 2023²	31 Dec 2023²	31 Dec 2023²	31 Dec 2023²	31 Dec 2023²	31 Dec 2023²	31 Dec 2023²	31 Dec 2023²
Australia	0	900	21,745	30,852	2,019	8	0	3,435	58,959
Austria	336	369	2,188	8,180	1,448	1	0	1,850	14,373
Belgium	969	1,088	20,187	12,534	3,051	2	0	4,162	41,992
Bermuda	0	..	0	14,672	..	2	0	5,334	20,397
Brazil	0	0	0	14,376	..	14	..	100	14,696
Canada	560	297	28,854	47,977	2,834	37	0	5,174	85,731
Cayman Islands	0	..	1,375	103,395	..	185	73	7,082	114,436
China	0	..	1,289	32,940	..	24	..	584	35,937
Denmark	77	353	4,805	26,557	1,964	7	0	2,319	36,082
Finland	179	713	9,908	10,558	3,075	3	0	4,415	28,852
France	3,755	4,718	67,014	122,548	..	72	..	60,682	283,165
Germany	581	1,474	17,405	83,580	19,935	55	11	36,413	159,454
Hong Kong	0	..	365	10,714	..	3	0	314	11,949
India	0	..	0	40,412	..	9	..	1038	42,569
Indonesia	0	0	0	10,806	169	4	0	21	10,999
Italy	1,056	2,374	248	53,745	46,131	59	0	28,810	132,424
Japan	94	327	22,855	110,468	4,465	93	0	5,156	143,458
Jersey	0	..	91	13,025	..	1	3	2,186	16,293
Korea, Republic of	187	..	170	28,562	..	1	0	2,324	32,899
Luxembourg	71	243	6,679	65,093	57,383	261	0	33,698	163,429
Mexico	0	0	0	15,207	288	7	0	414	15,916
Netherlands	210	780	19,155	74,449	8,161	33	0	45,253	148,041
Norway	136	771	7,449	13,828	2,592	1	0	2,581	27,357
Poland	97	..	0	4,560	..	3	0	821	7,290
Portugal	111	389	0	2,790	424	0	0	3,809	7,524
Russian Federation	0	0	0	613	2	0	0	98	713
Singapore	0	..	4,592	7,967	..	2	0	483	13,590
South Africa	0	..	0	9,738	..	3	0	11	9,979
Spain	991	2,451	2,291	36,577	6,697	20	0	16,855	65,882
Sweden	0	780	9,110	23,286	5,707	7	0	9,480	48,370
Switzerland	69	61	304	44,343	10,532	21	0	9,286	64,616
Taiwan Province of China	0	0	0	27,847	1,237	6	0	10	29,100
Turkey	0	0	0	3,921	61	3	0	461	4,447
United Kingdom	0	5,265	105,438	402,647	..	1,358	..	90,868	654,535
United States	0	8,802	134,875	1,360,245	..	2,029	..	180,749	1,746,402
Other countries³	71	733	5,695	114,519	7,394	670	67	9,610	138,755
International Organisations	3,589	3,350	4,200	10,801	401	0	0	1,206	23,547
Total	13,139	38,928	498,287	2,994,332	327,101	5,004	275	577,092	4,454,158
¹The figures exclude Reserve Assets (see Background Notes).
²Revised.
³This category includes data supplied by respondents without a geographical breakdown.
.. Suppressed for confidentiality reasons.
Differences of figures are due to rounding.

Open in Excel: Resident Holdings of Foreign Portfolio Securities 2024 Table 2b (XLS 18KB)

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Resident Holdings of Foreign Portfolio Securities 2024