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CSO statistical release, , 11am

Balance of International Payments

Quarter 2 2018

   € million
Merchandise BalanceInvisibles BalanceCurrent Account BalanceCurrent Account Balance as % of GDP
Q2 201828,977-18,81510,16213.3
Q2 201723,545-26,847-3,303-4.8
Q1-Q2 201856,055-36,34219,71412.8
Q1-Q2 201748,577-46,8231,7531.3

Current account surplus of €10bn in Quarter 2 2018

Balance of International payments q2 2018 fig 1
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The Balance of Payments current account, a measure of Ireland’s economic flows with the rest of the world, showed a surplus of over €10bn in the second quarter of 2018. A merchandise surplus of €29bn was partially offset by a deficit of almost €19bn on services and income (see Table 1).