Back to Top

 Skip navigation

Do you like spending time outdoors? Tell us about the importance that nature and the outdoors has in your life. https:://link.cso.ie/pulse-outdoors/

Extra information
Methodology Previous Releases
International comparison:
Eurostat
See also:
YouTube Video
For more information on this release:
E-mail: bop@cso.ie Annette Hayes (+353) 1 498 4319 John Sheridan (+353) 1 498 4258
For general information on CSO statistics:
information@cso.ie (+353) 21 453 5000 On-line ISSN 2009-5201
CSO statistical release, , 11am

Balance of International Payments

Quarter 3 2016

   € million
Merchandise BalanceInvisibles BalanceCurrent Account BalanceCurrent Account Balance as % of GDP
Q3 201624,509-14,43010,07814.7
Q3 201528,898-21,9746,92410.8
Q1-Q3 201675,750-52,07423,67612.3
Q1-Q3 201581,604-62,61418,99010.2

Current account surplus of €10bn in Quarter 3 2016

Balance of International Payments Q3 2016 Fig 1
go to full release

The Balance of Payments current account, a measure of Ireland’s financial flows with the rest of the world, had a surplus in the third quarter of 2016 of €10,078m. This is an increase from the €6,924m surplus in the third quarter of 2015, see Table 1. A surplus of €24,509m on merchandise was offset by a deficit of €14,430m on services and income in the quarter. 

X-axis labelMerchandiseServicesPrimary IncomeSecondary IncomeBalance on Current account
Q2 201411.286-1.562-7.936-0.6081.181
Q3 201410.985-0.063-7.796-0.5452.58
Q4 20149.521-2.373-5.513-0.6980.937
Q1 201526.225-6.119-14.691-0.8964.519
Q2 201526.481-8.257-9.956-0.7217.547
Q3 201528.898-7.64-13.813-0.5216.924
Q4 201528.964-7.341-13.455-17.167
Q1201626.574-5.826-11.132-0.6618.955
Q2201624.667-9.972-9.501-0.5524.643
Q3201624.509-0.485-13.22-0.72510.078

Other points of note are:

Current account (see Table 2a)

  • Compared with the third quarter of 2015, merchandise exports at €44,876m were down €4,521m while merchandise imports at €20,368m were down €131m. 
  • Services exports at €34,709m were up €3,529m due to increased computer services exports and miscellaneous business services exports, increasing by €1,572m and €1,555m respectively. Service imports decreased by €3,625m to €35,195m mainly due to decreases in research and development payments.
  • Investment income earned abroad of €14,656m increased by €767m compared with one year earlier while investment income payable to foreign investors at €27,807m decreased by €194m.

Financial account (see Table 2b)

  • Direct investment in Ireland decreased by €5,212m in the third quarter of 2016, where an increase of €8,446 in equity and an increase of €8,137 in reinvested earnings was offset by a decrease in other capital of €21,795m. 
  • Within Portfolio investment, increased investment in Irish equity of €29,605m was partially offset by decreased investment in Irish Debt Instruments of €5,976m. 
  • Other investment assets decreased by €1,713m in the third quarter of 2016, where decreases in loans, currency and deposits were offset by increases in other assets. Other investment liabilities increased by €5,189m in the quarter.

 

X-axis labelDirect InvestmentPortfolio InvestmentOther InvestmentReserve AssetsBalance on Financial Account
Q2 2014-2.719-11.76719.0150.0014.531
Q3 20140.468-22.62716.7830.002-5.374
Q4 20141.604-2.411.7750.1331.103
Q1 201539.441-80.2844.4750.1083.744
Q2 20152.146.111-4.5630.3073.996
Q3 201513.711-26.91922.105-0.0248.873
Q42015-75.163-18.6599.8810.1036.171
Q1201616.22-2.979-6.220.9367.957
Q2201614.2615.157-16.16-0.2123.046
Q320166.30311.236-6.9020.3711.008
Table 1 Summary of Current, Capital and Financial Account Balances € million
Period     Balance on Current Account Balance on Capital Account Direct InvestmentPortfolio InvestmentOther2 InvestmentReserve AssetsBalance on Financial AccountNet errors and omissions
Merchandise1 Invisibles   
 ServicesPrimary IncomeSecondary IncomeTotal   
1998Year17,510-8,426-9,6671,319-16,774 736 840 -4,4228,466-7,4592,280-1,135-2,602
1999Year22,170-9,723-13,3981,177-21,944 226 560 -11,35914,342974-1,7462,2111,425
2000Year28,312-13,312-15,327994-27,645 667 1,182 -22,9575,3589,037142-8,420-10,269
2001Year31,464-12,412-17,762-1,075-31,249 215 779 -6,24125,158-19,183441175-819
2002Year36,982-13,619-21,910-1,116-36,645 337 588 -19,44437,979-19,425-343-1,233-2,158
2003Year32,954-10,903-20,035-1,303-32,241 713 445 -15,27039,977-22,751-1,770186-972
2004Year34,588-12,141-21,345-1,255-34,741 -153 355 23,095-14,287-12,170-1,177-4,539-4,741
2005Year32,184-13,655-22,786-1,769-38,210 -6,026 340 37,660-52,69815,364-1,472-1,1474,539
2006Year27,194-12,313-22,723-2,063-37,099 -9,905 299 15,841-8,135-16,635-87-9,016590
2007Year28,698-12,384-26,630-2,510-41,524 -12,826 115 -1,6217,283-20,08612-14,413-1,702
2008Year32,622-16,468-25,141-2,729-44,339 -11,716 119 23,28845,749-85,93278-16,817-5,220
2009Year38,752-15,823-27,885-2,948-46,656 -7,904 14 -245-22,62619,433-79-3,5174,373
2010Year41,288-13,421-27,178-2,701-43,300 -2,012 91 -16,318-85,96590,883-5-11,404-9,484
2011Year41,257-9,096-32,312-2,660-44,067 -2,810 234 -18,698-26,90831,086-329-14,849-12,272
2012Year36,896-6,749-32,143-2,609-41,501 -4,605 86 -18,957-83311,025-12-8,777-4,257
2013Year34,506-637-27,093-2,922-30,652 3,855 -936 -12,99645,576-26,436106,1553,236
2014Year40,731-6,127-28,650-2,750-37,527 3,203 -6,769 3,031-56,66248,089136-5,404-1,839
2015Year110,568-29,357-51,915-3,138-84,410 26,157 -1,255 -19,871-119,738161,89849422,784-2,118
                  
2009Quarter 1 9,692-4,189-7,362-960-12,512 -2,820 -3 8582,331-1,326-411,8224,646
 Quarter 210,140-3,835-7,826-748-12,410 -2,270 -1 -1,40915,776-24,67862-10,249-7,978
 Quarter 39,783-2,514-7,582-633-10,729 -946 -10 7,349-26,57021,337-32,1133,069
 Quarter 49,137-5,285-5,114-607-11,005 -1,868 28 -7,044-14,16324,100-972,7964,637
2010Quarter 1 10,235-2,824-7,978-879-11,681 -1,446 50 -4,772-19,82131,668-327,0438,439
 Quarter 210,555-3,342-8,026-590-11,957 -1,402 4 -3,2498,568-18,33819-13,001-11,602
 Quarter 311,985-2,955-7,152-704-10,811 1,174 14 1,17819,581-25,74576-4,910-6,098
 Quarter 48,513-4,300-4,022-528-8,850 -337 23 -9,475-94,293103,299-68-537-222
2011Quarter 1 10,624-2,926-8,278-841-12,046 -1,422 24 -8,453-7,06311,286-65-4,295-2,897
 Quarter 29,576-1,580-8,820-513-10,913 -1,336 1 -7,601-22,34427,15729-2,759-1,424
 Quarter 311,547-1,862-8,307-641-10,810 736 -1 -6,80219,456-16,652-24-4,022-4,757
 Quarter 49,510-2,729-6,906-664-10,299 -789 210 4,158-16,9579,295-269-3,772-3,194
2012Quarter 1 8,969-1,791-8,885-814-11,490 -2,522 61-12,78044,957-32,626-12-4612,001
 Quarter 2 9,275-2,571-8,400-603-11,574 -2,299 13,692-33,32021,0096-8,614-6,316
 Quarter 310,072-759-8,453-643-9,855 218 5-13,837-6,31517,833-1-2,319-2,542
 Quarter 48,580-1,628-6,405-549-8,582 -2 193,968-6,1554,809-52,6172,600
2013Quarter 1 7,726-533-7,213-828-8,574 -848 -207-4,3327,16562703,4604,515
 Quarter 2 9,638-545-8,170-699-9,414 225 -244-7,51912,668-5,7611-611-591
 Quarter 3 9,816646-7,157-663-7,174 2,642 -259-5738,371-5,94841,854-529
 Quarter 47,326-205-4,553-732-5,490 1,836 -226-57217,372-15,35451,452-159
2014Quarter 18,939-2,129-7,405-899-10,433 -1,495 -1,6913,678-19,85810,5160-5,664-2,479
 Quarter 211,286-1,562-7,936-608-10,106 1,181 -1,717-2,719-11,76719,01514,5315,067
 Quarter 310,985-63-7,796-545-8,404 2,580 -1,649468-22,62716,7832-5,374-6,305
 Quarter 49,521-2,373-5,513-698-8,584 937 -1,7121,604-2,4101,7751331,1031,878
2015Quarter 126,225-6,119-14,691-896-21,706 4,519 -29439,441-80,28044,4751083,744-480
 Quarter 226,481-8,257-9,956-721-18,934 7,547 -3172,1406,111-4,5633073,996-3,234
 Quarter 328,898-7,640-13,813-521-21,974 6,924 -32413,711-26,91922,105-248,8732,273
 Quarter 428,964-7,341-13,455-1,000-21,796 7,167 -320-75,163-18,65099,8811036,171-677
2016Quarter 126,574-5,826-11,132-661-17,619 8,955 -2,36816,220-2,979-6,2209367,9571,369
 Quarter 224,667-9,972-9,501-552-20,025 4,643 -1,23614,2615,157-16,160-2123,046-361
 Quarter 324,509-485-13,220-725-14,430 10,078 -3926,30311,236-6,90237011,0081,322
1Adjusted for balance of payments purposes.
2Includes financial derivatives and also life insurance liabilities to non-residents. Occasionally includes large capital transactions which cannot be shown in the Capital Account
 Balance due to confidentiality constraints.
Table 2a Current and Capital Accounts € million
20142015 20152016
Item Year Quarter 1Quarter 2Quarter 3Quarter 4 Quarter 1Quarter 2Quarter 3
Current Account  
Merchandise 1Exports114,461195,59246,47847,20149,39752,516 45,79645,66144,876
Imports73,73085,02420,25320,72020,49923,552 19,22220,99520,368
           
  of which: Merchanting (net export)Exports3,5067,727 2,3091,8821,9251,611 1,7011,5271,915
           
ServicesExports105,327121,60527,32930,55231,18032,544 29,21132,23734,709
Imports111,453150,96333,44938,80938,82039,885 35,03742,20835,195
  Repairs and ProcessingExports1,2231,110 222322323243 226232462
 Imports1,2551,400 325399367309 241277301
  TransportExports5,1935,9368421,5492,3051,240 9751,5522,356
Imports2,1712,489599611607672 532556571
  Tourism and Travel 2Exports3,6564,3206131,2281,582897 7161,2961,718
Imports4,8265,1219081,2541,7931,166 1,0711,3501,917
  InsuranceExports8,72310,3002,5332,6912,5652,511 2,3632,3152,286
Imports5,7037,0901,7651,8191,8271,679 1,9041,5941,622
  Financial servicesExports8,97011,0422,4962,7392,8652,942 2,6062,7392,854
Imports6,8926,9911,5901,7051,7691,927 1,6751,6791,787
  Royalties/LicencesExports5,2426,7231,6481,7031,7211,651 1,6691,8271,911
Imports48,28867,76515,39817,23916,68718,441 17,49217,21616,771
  CommunicationsExports569668171169164164 159162162
Imports9841,021257261242261 285255276
  Computer services 3Exports49,16657,40913,10414,30113,77216,232 14,67515,48315,344
Imports639916215231239231 196199175
  Business servicesExports20,70521,9585,2995,2965,2756,088 5,4256,1387,055
Imports40,42857,90212,32615,22415,22115,131 11,57419,01711,708
     Research and developmentExports2,2771,758410401477470 554898587
 Imports8,70419,7013,7115,2286,0024,760 2,9799,4552,881
     Operational leasingExports9,44211,7512,8352,8882,9323,096 2,9013,0023,048
 Imports934770149167215239 142291172
     Misc. business services 4Exports8,9878,4472,0532,0071,8662,521 1,9702,2383,421
 Imports30,79137,4328,4669,8289,00510,133 8,4529,2728,654
  Other services n.e.s.Exports1,8822,139401552609577 397493561
Imports26626666666767 676367
            
Primary IncomeInflows62,70561,66515,36915,02314,41916,854 15,87417,82214,812
 Outflows91,353113,58130,06024,97928,23330,309 27,00627,32328,032
  Compensation of EmployeesInflows546542135136135136 136130136
Outflows703633156165163149 154155156
  Investment IncomeInflows60,84059,55315,21114,83413,88915,619 15,71817,64914,656
Outflows90,398112,63529,83224,73528,00130,067 26,78327,09727,807
      Direct investment incomeInflows19,84915,7713,8044,5002,8454,622 4,9034,4613,129
Outflows43,56659,70516,14411,91515,09716,549 14,24711,17014,186
          Income on equityInflows16,64712,1402,8983,6001,9733,669 4,0103,7032,410
Outflows38,39953,94714,75210,37313,68415,138 12,9009,81312,803
              Dividends & distributed Inflows2,4471,277 **88293 159*94
                  branch profitsOutflows13,94915,166 4,7644,1792,6803,543 7,9564,0284,666
              Reinvested earningsInflows14,19910,863 **1,8853,376 3,851*2,317
Outflows24,44938,781 9,9886,19411,00411,595 4,9445,7858,137
         Income on debtInflows3,2033,631906900872953 893757718
Outflows5,1675,7581,3921,5421,4131,411 1,3481,3571,383
      Portfolio investment incomeInflows32,91236,1579,1248,4049,3839,246 9,12511,1719,937
Outflows37,48244,43011,08810,69411,29411,354 10,89114,01811,670
          Income on equityInflows8,99810,3242,7332,2682,9692,354 2,5644,4653,108
 Outflows28,80235,7408,8718,5849,1279,158 8,69811,9919,708
         Income on debtInflows23,91425,8336,3916,1366,4146,892 6,5616,7056,829
Outflows8,6798,6902,2172,1102,1672,196 2,1922,0261,962
      Other investment incomeInflows8,0807,6242,2821,9301,6611,751 1,6902,0171,591
Outflows9,3528,4992,5992,1261,6102,164 1,6451,9101,951
Other primary incomeInflows1,3181,57122543951,100 214320
Outflows25331272786993 697169
            
Secondary IncomeInflows2,9234,0101,081988977964 1,1471,0641,075
 Outflows5,6747,1491,9771,7101,4981,964 1,8081,6151,800
             
Current Account - TotalInflows285,414382,87390,25793,76495,974102,878 92,02896,78495,472
Outflows282,212356,71685,73986,21789,05095,710 83,07392,14285,395
            
Current Account Balance 3,20326,1574,5197,5476,9247,167 8,9554,64310,078
             
Capital Account Balance -6,769-1,255-294-317-324-320 -2,368-1,236-392
             
Memorandum Item:    
 Government IncomeInflows128129 15621834 122019
 Outflows4,6924,397 1,1211,0801,1041,092 1,066998978
1Adjusted for balance of payments purposes.
2Under the credit item, passenger fare receipts of resident carriers from foreign visitors are excluded; such receipts are included under transport credits - see Background Notes.
3Covers exports and imports of software that was not incorporated as part of computer hardware or physical media but separately transmitted by electronic means. The value
 of sales and purchases of additional software licences is also included.
4Covers mainly advertising and inter-affiliate management charges.
Table 2b Financial Account¹  € million
2014201520152016
Item Year Quarter 1Quarter 2Quarter 3Quarter 4 Quarter 1Quarter 2Quarter 3
     
Direct Investment Abroad31,231149,937 51,96924,62718,59554,74633,299-2,7591,091
In Ireland28,200169,809 12,52822,4874,884129,91017,079-17,020-5,212
           
    EquityAbroad-2,076113,32150,58521,372-1,86443,228 25,88513,406-2,411
 In Ireland18,570116,8457,38925,56324,83359,06043,5174,5848,446
    Reinvested EarningsAbroad14,19910,863**1,8853,376 3,851*2,317
In Ireland24,44938,7819,9886,19411,00411,5954,9445,7858,137
    Other CapitalAbroad19,11025,754 **18,5748,1423,563*1,185
 In Ireland-14,81814,181 -4,850-9,271-30,95359,255-31,381-27,388-21,795
            
Portfolio InvestmentAssets158,174127,682 46,96410,7822,29867,63812,62028,28434,865
Liabilities214,836247,421 127,2444,67229,21786,28815,59923,12823,629
           
    EquityAssets68,73746,379 14,60922,1066,9782,686221-16,29711,689
 Liabilities182,827186,857 106,339-8,45520,30468,66914,86753,73129,605
     Debt InstrumentsAssets89,43881,302 32,355-11,324-4,68164,95212,39944,58123,176
 Liabilities32,00860,563 20,90513,1278,91217,619732-30,604-5,976
        Bonds and notes Assets21,66765,2775,30313,80514,35631,81315,02837,79514,730
 Liabilities31,29956,85520,44413,3886,26416,759584-30,088-6,161
        Money market instruments Assets67,77116,02527,052-25,129-19,03733,139-2,6296,7868,445
 Liabilities7093,707 461-2622,648860148-516185
            
Other InvestmentAssets82,08887,335 52,171-20,780-34,77790,721-18,832-23,930-1,713
Liabilities33,999-74,564 7,696-16,218-56,882-9,160-12,612-7,7705,189
           
     Loans, currency and depositsAssets41,34572,098 33,837-11,05591548,401-2,83513,496-14,138
 Liabilities-3,165-30,455 -26,505-8,354-17,82322,22710,5627082,228
     Other 2Assets40,74115,237 18,334-9,725-35,69242,320-15,997-37,42612,425
 Liabilities37,165-44,108 34,202-7,864-39,059-31,387-23,174-8,4772,962
            
Reserve Assets 136494 108307-24103936-212370
           
     Monetary gold 01 0001000
     Special drawing rights 02 1001004
     Reserve position in the IMF -11 1000687-70
     Foreign exchange  00 1-11-102352
     Other 137490 105308-25102249-20715
            
Balance on Financial Account -5,40422,784 3,7443,9968,8736,1717,9573,04611,008
             
Net errors and omissions -1,839-2,118 -480-3,2342,273-677 1,369-3611,322
Memorandum Item:          
Government financialAssets-6,528-1,642 -763-685-114-80 -822-100516
  transactionsLiabilities2,421-619 7441,35610-2,729 2,787-7,516623
1Financial account transactions are categorised under two headings 'Assets' and 'Liabilities' for Portfolio Investment, Other Investment and Reserve Assets. For Direct Investment,
 a 'directional ' categorisation is used: 'Abroad' indicates direct investment by Irish investors in foreign companies; Direct investment into Ireland is indicated by the heading 'In Ireland'.
2Includes financial derivatives; in the case of liabilities this category also includes life insurance liabilities to non-residents. Occasionally includes large capital transactions which cannot
 be shown in the Capital Account Balance due to confidentiality constraints.
Table 3 Current, Capital and Financial Accounts showing IFSC¹ and Non–IFSC activity€ million
 20142015 20152016
Item Year Quarter 1Quarter 2Quarter 3Quarter 4 Quarter 1Quarter 2Quarter 3
Current Account - TotalInflows285,414382,87390,25793,76495,974102,87892,02896,78495,472
 Outflows282,212356,71685,73986,21789,05095,71083,07392,14285,395
           
Merchandise 2Exports114,461195,59246,47847,20149,39752,51645,79645,66144,876
Imports73,73085,02420,25320,72020,49923,55219,22220,99520,368
          
ServicesExports105,327121,60527,32930,55231,18032,54429,21132,23734,709
Imports111,453150,96333,44938,80938,82039,88535,03742,20835,195
          
        IFSCExports27,58732,7457,6818,3088,2168,540 7,9148,2028,261
 Imports15,51617,2784,0834,3464,5334,316 4,1724,1004,092
        Non-IFSCExports77,74088,86019,64822,24422,96424,00421,29724,03526,448
Imports95,937133,68529,36634,46334,28735,56930,86538,10831,103
          
Primary IncomeInflows62,70561,66515,36915,02314,41916,85415,87417,82214,812
Outflows91,353113,58130,06024,97928,23330,30927,00627,32328,032
          
        IFSCInflows43,34546,82212,18710,94611,70311,986 11,76714,07312,412
 Outflows47,55951,72713,66411,96213,34812,753 12,77715,13013,834
        Non-IFSCInflows19,36014,8433,1824,0772,7164,8684,1063,7492,400
Outflows43,79461,85416,39613,01714,88517,55614,23012,19314,198
          
Secondary IncomeInflows2,9234,0101,0819889779641,1471,0641,075
Outflows5,6747,1491,9771,7101,4981,9641,8081,6151,800
          
        IFSC 3Inflows2,4283,234815816818785952885935
 Outflows2,4283,234815816818785952885935
        Non-IFSCInflows496774266172158178195179140
 Outflows3,2473,9121,1628936791,178856731865
           
Balance on Current Account 3,20326,1574,5197,5476,9247,1678,9554,64310,078
           
Balance on Capital Account -6,769-1,255-294-317-324-320-2,368-1,236-392
           
Financial Account 4           
Direct investmentAbroad31,231149,93751,96924,62718,59554,74633,299-2,7591,091
 In Ireland28,200169,80912,52822,4874,884129,91017,079-17,020-5,212
           
        IFSCAbroad-2,95652,5921,8443,774-22747,20114,422110170
 In Ireland7,22970,5995,0756,625-15,41774,31619,671-16,92715,431
        Non-IFSCAbroad34,18697,34550,12520,85318,8227,54518,878-2,869921
 In Ireland20,97099,2107,45315,86220,30155,594-2,591-93-20,643
           
Portfolio investmentAssets158,174127,68246,96410,7822,29867,63812,62028,28434,865
 Liabilities214,836247,421127,2444,67229,21786,28815,59923,12823,629
           
        IFSCAssets151,076131,71147,35211,1417,14066,07811,95826,85132,310
 Liabilities184,061200,97480,35318528,96191,4751,38132,19327,275
        Non-IFSCAssets7,097-4,029-388-359-4,8421,5606621,4332,555
 Liabilities30,77446,44546,8914,486255-5,18714,218-9,065-3,646
           
Other investment 5Assets82,08887,33552,171-20,780-34,77790,721-18,832-23,930-1,713
 Liabilities33,999-74,5647,696-16,218-56,882-9,160-12,612-7,7705,189
           
        IFSCAssets89,84350,91447,941-20,848-26,36150,182-9,412-23,5683,203
 Liabilities76,765-31,82718,617-12,359-36,899-1,186-8,747-10,9953,633
        Non-IFSCAssets-7,75636,4214,23068-8,41640,539-9,419-362-4,916
 Liabilities-42,768-42,737-10,921-3,858-19,984-7,974-3,8653,2251,557
           
Reserve Assets 136494108307-24103936-212370
           
Balance on Financial Account -5,40422,784 3,7443,9968,8736,171 7,9573,04611,008
Net errors and omissions -1,839-2,118 -480-3,2342,273-677 1,369-3611,322
1From the start of 2000 new international financial service projects are no longer subject to the earlier certification and licensing procedures in operation for location in the IFSC
and such projects can, therefore, locate anywhere in Ireland. Additions to existing IFSC projects, however, are still subject to the formal procedures.
For statistical analysis purposes this table still shows the 'IFSC/non-IFSC' breakdown and the activities of all international financial service enterprises are covered under
the IFSC heading.
2Adjusted for balance of payments purposes.
3Secondary income flows to and from IFSC enterprises relate solely to non-life insurance transactions (see Background Notes).
4See footnote 1 on Table 2b.
5Includes financial derivatives; in the case of liabilities this category also includes life insurance liabilities to non-residents. Occasionally includes large capital transactions
which cannot be shown in the Capital Account Balance due to confidentiality constraints.
Table 4a Current and Capital Accounts showing geographical¹ detail  € million
 20142015 20152016
Item Year Quarter 1Quarter 2Quarter 3Quarter 4 Quarter 1Quarter 2Quarter 3
     
Current Account - TotalInflows285,414382,873 90,25793,76495,974102,87892,02896,78495,472
 Outflows282,212356,716 85,73986,21789,05095,71083,07392,14285,395
            
  Merchandise 2Exports114,461195,59246,47847,20149,39752,51645,79645,66144,876
 Imports73,73085,02420,25320,72020,49923,55219,22220,99520,368
      EMUExports41,56967,45015,64816,61717,20117,98415,96614,53114,529
 Imports23,08827,4336,3766,6166,2828,1596,5397,2987,630
      Non-EMUExports72,892128,14230,83030,58432,19634,53229,83031,13130,347
 Imports50,64157,59213,87714,10414,21715,39412,68313,69612,737
       EU Exports63,333101,62423,76624,72825,99827,13223,71222,10621,655
 Imports50,74757,35413,50913,96213,60916,27413,48914,50613,947
      Non-EU Exports51,12793,96822,71222,47323,39925,38422,08323,55623,221
Imports22,98227,6726,7456,7586,8917,2785,7326,4886,421
           
  ServicesExports105,327121,60527,32930,55231,18032,54429,21132,23734,709
 Imports111,453150,96333,44938,80938,82039,88535,03742,20835,195
      EMUExports32,83435,6478,4229,0128,9919,2227,9708,73810,493
 Imports34,34039,8308,79210,6009,94810,4908,9379,95210,117
      Non-EMUExports72,49285,95918,90721,54022,19023,32221,24223,49924,216
 Imports77,113111,13224,65628,20928,87229,39526,10032,25625,078
       EU Exports58,16965,64114,49216,64817,30717,19415,03616,40519,104
 Imports47,82953,65512,25413,81013,51014,08112,20612,93813,247
      Non-EU Exports47,15755,96412,83713,90413,87315,35014,17515,83215,606
Imports63,62397,30721,19424,99925,31025,80422,83129,27121,948
            
Primary IncomeInflows62,70561,66515,36915,02314,41916,85415,87417,82214,812
 Outflows91,353113,58130,06024,97928,23330,30927,00627,32328,032
      EMUInflows23,17424,0916,8036,3554,7006,2337,2626,0795,355
 Outflows33,09938,8309,6349,4649,9539,7799,4329,42710,741
      Non-EMUInflows39,53137,5748,5668,6689,71910,6218,61311,7439,457
 Outflows58,25674,75020,42615,51518,27920,53017,57417,89617,291
       EU Inflows37,09139,71510,3339,7658,59111,02610,87210,1588,844
 Outflows53,04261,40315,78414,65115,91715,05115,30616,48016,770
      Non-EU Inflows25,61321,9505,0365,2585,8285,8285,0027,6655,968
 Outflows38,31252,17814,27610,32812,31615,25811,70010,84411,262
            
Secondary IncomeInflows2,9234,0101,0819889779641,1471,0641,075
 Outflows5,6747,1491,9771,7101,4981,9641,8081,6151,800
      EMUInflows1,0351,295336366321272353373335
 Outflows1,2101,475382406361326386459368
      Non-EMUInflows1,8882,714745622656691793691739
 Outflows4,4655,6721,5951,3041,1361,6371,4221,1571,432
       EU Inflows2,0753,040801818769652912830819
 Outflows4,2485,6041,5901,3511,1681,4951,4741,3281,418
      Non-EU Inflows849970280171207312234234255
 Outflows1,4261,545388359330468334287382
            
Balance on Current Account 3,20326,1574,5197,5476,9247,1678,9554,64310,078
            
Balance on Capital Account -6,769-1,255-294-317-324-320-2,368-1,236-392
            
1The term ‘EMU’ means the area represented by the 19 Member States participating in Monetary Union since the enlargement of the Euro area on 1 January 2015 to include
Lithuania.The term ‘EU’ relates to transactions between residents of Ireland and other residents of the EU28 area. All data shown on this table relates to EMU19 and EU28.
2Adjusted for balance of payments purposes
Table 4b Financial Account¹ showing geographical² detail   € million
  20142015 20152016
Item Year Quarter 1Quarter 2Quarter 3Quarter 4 Quarter 1Quarter 2Quarter 3
    
Direct InvestmentAbroad31,231149,93751,96924,62718,59554,74633,299-2,7591,091
 In Ireland28,200169,80912,52822,4874,884129,91017,079-17,020-5,212
           
      EMUAbroad40,75561,46148,0157,9343,5541,95813,828-6,418-169
 In Ireland15,77940,537-1,740-96214,29728,942-5,473-5,882-2,088
      Non-EMUAbroad-9,52488,4773,95516,69315,04152,78819,4713,6591,260
 In Ireland12,420129,27214,26823,449-9,413100,96822,552-11,138-3,124
       EU Abroad40,07563,24146,5897,4692,4556,72820,872-6,408246
 In Ireland13,14837,2662,5812,43116,25416,000-34,6861,441-5,840
      Non-EU Abroad-8,84286,6965,38017,15816,14048,01812,4273,649845
 In Ireland15,052132,5429,94720,056-11,370113,90951,766-18,461627
           
Portfolio InvestmentAssets158,174127,68246,96410,7822,29867,63812,62028,28434,865
 Liabilities214,836247,421127,2444,67229,21786,28815,59923,12823,629
           
      EMUAssets37,44834,75426,797-2,088-4,96415,009-466-3,80511,632
 Liabilities84,994101,69930,40319,15716,31435,82510,916-3,00816,914
      Non-EMUAssets120,72892,92720,16712,8707,26152,62913,08632,09023,233
 Liabilities129,842145,72296,841-14,48512,90350,4634,68326,1366,715
       EU Assets77,06562,47335,105-8,118-3,74039,2261,2225,27717,630
 Liabilities165,405169,11578,004-4,9609,58286,4899,86211,99126,822
      Non-EU Assets81,10965,21011,85918,9016,03828,41211,39823,00817,235
 Liabilities49,42978,30649,2409,63219,635-2015,73711,137-3,193
            
Other Investment 3Assets82,08887,33552,171-20,780-34,77790,721-18,832-23,930-1,713
 Liabilities33,999-74,5647,696-16,218-56,882-9,160-12,612-7,7705,189
           
      EMUAssets44,89069,88325,98621020,34223,345-5,473-12,054-8,374
 Liabilities-8,911-8,8554,268-11,549-1,179-395-5,41011,407-8,193
      Non-EMUAssets37,19817,45126,185-20,990-55,12067,376-13,359-11,8766,661
 Liabilities42,910-65,7083,428-4,668-55,703-8,765-7,201-19,17713,383
       EU Assets47,72036,70619,893-5,517-7,66729,9977,27933,5854,451
 Liabilities15,012-38,36210,836-16,287-28,250-4,6614,81215,8882,330
      Non-EU Assets34,36750,62832,278-15,263-27,11160,724-26,111-57,515-6,164
 Liabilities18,988-36,203-3,14069-28,633-4,499-17,424-23,6582,859
          
Reserve Assets 136494108307-24103936-212370
           
Balance on Financial Account -5,40422,7843,7443,9968,8736,1717,9573,04611,008
             
Net errors and omissions -1,839-2,118 -480-3,2342,273-677 1,369-3611,322
1See footnote 1 on Table 2b.
2The term ‘EMU’ means the area represented by the 19 Member States participating in Monetary Union since the enlargement of the Euro area on 1 January 2015 to include
Lithuania. The term ‘EU’ relates to transactions between residents of Ireland and other residents of the EU28 area. All data shown on this table relates to EMU19 and EU28.
3Includes financial derivatives; in the case of liabilities this category also includes life insurance liabilities to non-residents. Occasionally includes large capital transactions
which cannot be shown in the Capital Account Balance due to confidentiality constraints.

Background Notes

Definition 

The balance of payments (BOP) is a statistical statement that summarises, for a specific time period, the economic transactions of the residents of an economy with the rest of the world. 

The balance of payments presentation consists of three tables or accounts, the Current Account, the Capital Account and the Financial Account. The current account consists of trade in merchandise and services, as well as primary and secondary income account inflows and outflows. The capital account covers capital transfers and the acquisition and disposal of non-produced, non-financial assets. The financial account is concerned with transactions in foreign financial assets and liabilities, distinguishing the functional type of investment i.e. direct, portfolio and other investment (including transactions in financial derivatives) and reserve assets. 

BOP transactions, in principle, should be recorded on an accruals basis using market valuation. In practice, the collection system (see below) is designed to adhere to this approach and, for the most part, the valuations reported are either market values or a close approximation.

For more detailed methodological information see Methodology Documents.BOP Quarterly Statistical Compilation Methodology (PDF 239KB)

upArrowHide Background Notes

Scan the QR code below to view this release online or go to
http://www.cso.ie/en/releasesandpublications/er/bop/balanceofinternationalpaymentsq32016/