Ireland recorded a Current Account deficit of 9.40 percent of the country's Gross Domestic Product in 2019. source: EUROSTAT

Current Account to GDP in Ireland averaged -1.59 percent from 1980 until 2019, reaching an all time high of 10.60 percent in 2018 and a record low of -13.40 percent in 1981. This page provides - Ireland Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. Ireland Current Account to GDP - values, historical data and charts - was last updated on December of 2020.

Current Account to GDP in Ireland is expected to reach 4.00 percent by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Ireland Current Account to GDP is projected to trend around 3.20 percent in 2021 and 2.00 percent in 2022, according to our econometric models.

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Ireland Current Account to GDP

Actual Previous Highest Lowest Dates Unit Frequency
-9.40 10.60 10.60 -13.40 1980 - 2019 percent Yearly

Ireland Trade Last Previous Highest Lowest Unit
Balance of Trade 4768000.00 7615000.00 10106000.00 -280890.00 EUR Thousand [+]
Current Account 12700.00 11663.00 14395.00 -32602.00 EUR Million [+]
Current Account to GDP -9.40 10.60 10.60 -13.40 percent [+]
Imports 7327000.00 6292000.00 8990000.00 62344.00 EUR Thousand [+]
Exports 12096000.00 13908000.00 17150000.00 44885.00 EUR Thousand [+]
External Debt 2645560.00 2538762.00 2645560.00 521792.00 EUR Million [+]
Terms of Trade 98.80 96.60 138.10 86.10 points [+]
Capital Flows 1123.00 -9930.00 15240.00 -109945.00 EUR Million [+]
Tourist Arrivals 2424.60 3334.40 3334.40 254.00 Thousand [+]
Gold Reserves 6.00 6.00 6.00 5.47 Tonnes [+]
Terrorism Index 2.69 3.05 3.66 0.04 [+]
Foreign Direct Investment 64428.00 4076.00 145874.00 -46009.00 EUR Million [+]


Ireland Current Account to GDP
The Current account balance as a percent of GDP provides an indication on the level of international competitiveness of a country. Usually, countries recording a strong current account surplus have an economy heavily dependent on exports revenues, with high savings ratings but weak domestic demand. On the other hand, countries recording a current account deficit have strong imports, a low saving rates and high personal consumption rates as a percentage of disposable incomes.