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International Accounts Q1 2024 Final

Balance of International Payments

Current account balance of €14.9bn in Quarter 1 2024

Online ISSN: 2565-6384

CSO statistical publication, 12 July 2024, 11am

Table 1.1 Balance of International Payments				€ million
	Merchandise Balance	Services and Income Balance	Current Account Balance	Current Account Balance as % of GDP
Q1 2023	53,764	-41,959	11,805	9.3
Q1 2024	38,814	-23,923	14,891	11.9

Q1-Q4 2022	205,133	-159,490	45,643	8.8
Q1-Q4 2023	156,059	-114,795	41,262	8.1

Open in Excel: International Accounts Q1 2024 Table 1.1 (XLS 10KB)

Balance of Payments Current account

The Balance of Payments current account, a measure of Ireland’s economic flows with the rest of the world, showed a surplus of €14.9bn in the first quarter of 2024 up €3.1bn on the Q12023 surplus of €11.8bn due to an increased services and income balance.

	Current Account
Q4 2021	2.56769918861274
Q1 2022	11.937126336283
Q2 2022	9.75813593053436
Q3 2022	7.89283300080923
Q4 2022	5.85002687942436
Q1 2023	9.25099705602562
Q2 2023	9.03677188259617
Q3 2023	14.3336175413289
Q4 2023	-0.410091618264022
Q1 2024	11.8699066487542

	Merchandise	Services	Primary Income	Secondary Income	Balance on Current Account
Q4 2021	41.322	-9.6	-27.273	-1.445	3.004
Q1 2022	46.228	9.386	-39.858	-1.178	14.578
Q2 2022	47.812	3.969	-38.363	-1.174	12.244
Q3 2022	56.515	1.192	-45.642	-1.128	10.937
Q4 2022	54.578	-4.849	-40.621	-1.224	7.884
Q1 2023	53.764	1.052	-41.815	-1.196	11.805
Q2 2023	35.785	7.184	-30.46	-1.161	11.348
Q3 2023	36.843	10.763	-27.863	-1.113	18.629
Q4 2023	29.667	-7.28	-21.524	-1.382	-0.52
Q1 2024	38.814	9.294	-32.043	-1.174	14.891

Current account (see Table 1.3)

Merchandise exports were €75,526m in the first quarter of 2024, a decrease of €13,435m compared with the first quarter of 2023. Merchandise imports were €36,711m in the first quarter of 2024, an increase of €1,514m over the same period in 2023.
Service exports at €105,053m increased by €14,673m compared to the first quarter of 2023, mainly due to higher computer services exports (which increased by €10,473m).
Service imports at €95,759m were up €6,431m over the same period in 2023, mainly due to increased business, computer and financial service imports.
Ireland’s trade balance at €48,108m, all goods and services exports less all goods and services imports fell by €6,708m in the first quarter of 2024 over the same period in 2023.
Investment income earned abroad at €65,495m, increased by €10,265m compared with one year earlier while investment income payable to foreign investors at €97,547m increased by €486m. The overall income balance for the quarter at -€33,217m increased by €9,794m compared with the same period in 2023.

	Direct Investment	Portfolio Investment	Other Investment	Reserve Assets	Balance on Financial Account
Q4 2021	19.826	-16.354	5.21	0.654	9.336
Q1 2022	16.015	-39.856	43.463	-0.129	19.493
Q2 2022	22.088	-25.022	6.948	0.033	4.048
Q3 2022	-25.095	-46.79	81.206	0.603	9.923
Q4 2022	11.956	-27.127	26.093	-0.022	10.9
Q1 2023	13.809	-24.222	16.125	0.011	5.723
Q2 2023	7.979	87.024	-91.396	-0.024	3.58
Q3 2023	-20.573	44.828	-5.339	-0.529	18.387
Q4 2023	11.704	-9.079	6.498	0.107	9.229
Q1 2024	14.211	33.405	-36.741	-0.085	10.789

Financial account (see Tables 1.4 and 1.5)

Direct investment in Ireland decreased by €1,218m in the first quarter of 2024. This was due to a decrease in equity of €15,098m which was offset by increased reinvestment of earnings and other capital investment of €7,019m and €6,862m. Direct investment abroad increased by €12,993m in the quarter, mainly due to increased reinvestment of earnings investment.
Portfolio investment in foreign assets increased by €56,581m in the quarter mainly due to increased investment in foreign debt instruments of €40,850m. Portfolio investment in Ireland increased by €23,176m due to an increase in equity investment of €32,148m which was partially offset by a reduction in debt instruments of €8,971m.
Other investment assets grew by €4,903m while other investment liabilities grew by €41,644m in the first quarter of 2024.

Table 1.2 Summary of Current, Capital and Financial Account Balances

Table 1.2 Summary of Current, Capital and Financial Account Balances														€ million
Period							Balance on Current Account	Balance on Capital Account	Direct Investment	Portfolio Investment	Other² Investment	Reserve Assets	Balance on Financial Account	Net errors and omissions
		Merchandise¹	services and income balance
			Services	Primary Income	Secondary Income	Total
2012	Year	36,896	-6,282	-33,939	-2,609	-42,830	-5,934	86	-20,497	-767	10,952	-12	-10,324	-4,476
2013	Year	34,506	1,619	-28,808	-2,931	-30,120	4,387	-936	-18,310	49,796	-27,206	10	4,290	839
2014	Year	40,731	-2,590	-31,251	-2,750	-36,591	4,138	-6,769	-10,098	-27,787	30,749	136	-6,999	-4,368
2015	Year	113,394	-32,601	-60,742	-3,338	-96,681	16,712	-1,303	-42,677	-84,004	138,586	494	12,400	-3,009
2016	Year	106,165	-54,708	-51,077	-3,813	-109,598	-3,434	-4,331	14,202	34,625	-55,849	1,456	-5,566	2,199
2017	Year	108,244	-35,197	-66,415	-3,106	-104,718	3,528	-25,855	-62,273	-34,500	73,821	399	-22,555	-228
2018	Year	108,595	-9,785	-80,786	-3,656	-94,227	14,370	-52,019	9,024	39,890	-87,533	762	-37,855	-206
2019	Year	117,265	-99,819	-89,335	-3,479	-192,633	-75,369	-35,310	-115,722	12,635	-4,272	422	-106,938	3,741
2020	Year	142,445	-62,878	-102,756	-3,832	-169,466	-27,024	-11,877	-105,140	-8,358	69,643	1,282	-42,574	-3,673
2021	Year	168,415	18,868	-128,199	-4,436	-113,767	54,648	1,502	41,504	-10,478	16,649	4,980	52,657	-3,493
2022	Year	205,133	9,698	-164,484	-4,704	-159,490	45,643	-927	24,964	-138,795	157,710	485	44,364	-352
2023	Year	156,059	11,719	-121,662	-4,852	-114,795	41,262	-8,663	12,919	98,551	-74,112	-435	36,919	4,320

2015	Quarter 1	26,790	-4,471	-16,343	-986	-21,800	4,989	-707	40,300	-72,413	35,780	108	3,777	-505
	Quarter 2	26,894	-6,830	-11,694	-794	-19,318	7,576	-226	-960	14,754	-9,286	307	4,816	-2,534
	Quarter 3	29,755	-6,151	-16,795	-593	-23,539	6,216	100	10,429	-15,637	14,268	-24	9,035	2,719
	Quarter 4	29,955	-15,149	-15,910	-965	-32,024	-2,069	-470	-92,446	-10,708	97,824	103	-5,228	-2,689
2016	Quarter 1	27,367	-13,070	-11,497	-1,020	-25,587	1,779	-2,670	12,895	-5,514	-600	1,095	7,876	8,767
	Quarter 2	24,440	-12,286	-11,117	-768	-24,171	270	-586	1,982	3,882	-15,589	-224	-9,948	-9,632
	Quarter 3	26,315	-10,958	-14,804	-820	-26,582	-267	161	-1,695	12,528	-16,888	379	-5,676	-5,570
	Quarter 4	28,043	-18,394	-13,659	-1,205	-33,258	-5,216	-1,236	1,020	23,729	-22,772	206	2,182	8,634
2017	Quarter 1	24,968	-1,314	-16,441	-616	-18,371	6,597	-8,538	-6,608	-14,015	9,518	-101	-11,206	-9,265
	Quarter 2	24,327	-36,726	-17,781	-1,170	-55,677	-31,349	-12,079	-24,153	-39,145	28,803	163	-34,333	9,095
	Quarter 3	28,445	2,205	-15,168	-626	-13,589	14,857	-4,640	2,681	9,996	-12,027	235	885	-9,332
	Quarter 4	30,504	638	-17,025	-694	-17,081	13,423	-598	-34,193	8,664	47,527	102	22,099	9,274
2018	Quarter 1	28,269	2,290	-19,930	-974	-18,614	9,655	-109	15,470	20,655	-35,824	4	305	-9,241
	Quarter 2	27,912	1,604	-19,068	-1,060	-18,524	9,389	59	7,736	-15,699	22,818	-8	14,847	5,399
	Quarter 3	27,126	2,911	-19,441	-830	-17,360	9,766	63	10,896	8,067	-13,626	196	5,534	-4,295
	Quarter 4	25,288	-16,590	-22,347	-792	-39,729	-14,440	-52,032	-25,078	26,867	-60,901	570	-58,541	7,931
2019	Quarter 1	30,338	1,646	-22,020	-1,344	-21,718	8,620	-6,936	8,739	5,672	-175	-7	14,228	12,544
	Quarter 2	26,916	-37,315	-23,925	-626	-61,866	-34,950	-17,385	-51,647	-16,764	14,493	116	-53,802	-1,467
	Quarter 3	31,036	2,720	-22,544	-850	-20,674	10,361	-5,093	-3,093	-7,609	5,636	144	-4,922	-10,190
	Quarter 4	28,975	-66,870	-20,846	-659	-88,375	-59,400	-5,896	-69,721	31,336	-24,226	169	-62,442	2,854
2020	Quarter 1	36,197	-57,566	-24,838	-1,069	-83,473	-47,277	-3,061	-49,575	-82,024	72,766	139	-58,695	-8,357
	Quarter 2	34,324	2,688	-24,286	-982	-22,580	11,743	-7,552	-49,604	59,979	-2,251	-14	8,110	3,919
	Quarter 3	37,523	4,852	-30,755	-736	-26,639	10,883	-2,080	-9,988	-6,585	18,997	761	3,184	-5,619
	Quarter 4	34,401	-12,852	-22,877	-1,045	-36,774	-2,373	816	4,027	20,272	-19,869	396	4,827	6,384
2021	Quarter 1	42,172	9,412	-34,612	-1,290	-26,490	15,682	2,974	15,274	16,826	-22,368	173	9,906	-8,750
	Quarter 2	39,900	9,527	-33,275	-1,006	-24,754	15,146	914	3,022	-4,691	22,982	72	21,386	5,326
	Quarter 3	45,021	9,529	-33,039	-695	-24,205	20,816	-333	3,382	-6,259	10,825	4,081	12,029	-8,454
	Quarter 4	41,322	-9,600	-27,273	-1,445	-38,318	3,004	-2,053	19,826	-16,354	5,210	654	9,336	8,385
2022	Quarter 1	46,228	9,386	-39,858	-1,178	-31,650	14,578	772	16,015	-39,856	43,463	-129	19,493	4,143
	Quarter 2	47,812	3,969	-38,363	-1,174	-35,568	12,244	-124	22,088	-25,022	6,948	33	4,048	-8,072
	Quarter 3	56,515	1,192	-45,642	-1,128	-45,578	10,937	-878	-25,095	-46,790	81,206	603	9,923	-136
	Quarter 4	54,578	-4,849	-40,621	-1,224	-46,694	7,884	-697	11,956	-27,127	26,093	-22	10,900	3,713
2023	Quarter 1	53,764	1,052	-41,815	-1,196	-41,959	11,805	-437	13,809	-24,222	16,125	11	5,723	-5,645
	Quarter 2	35,785	7,184	-30,460	-1,161	-24,437	11,348	-5,570	7,979	87,024	-91,396	-24	3,580	-2,198
	Quarter 3	36,843	10,763	-27,863	-1,113	-18,213	18,629	-1,683	-20,573	44,828	-5,339	-529	18,387	1,441
	Quarter 4	29,667	-7,280	-21,524	-1,382	-30,186	-520	-973	11,704	-9,079	6,498	107	9,229	10,722
2024	Quarter 1	38,814	9,294	-32,043	-1,174	-23,923	14,891	-12,999	14,211	33,405	-36,741	-85	10,789	8,897
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.

Open in Excel: International Accounts Q1 2024 Table 1.2 (XLS 17KB)

Visit Table BPQ15 on PxStat

Table 1.3 Current and Capital Accounts

Table 1.3 Current and Capital Accounts												€ million
		2022	2023	2022				2023				2024
Item		Year	Year	Quarter 1	Quarter 2	Quarter 3	Quarter 4	Quarter 1	Quarter 2	Quarter 3	Quarter 4	Quarter 1
Current Account
Merchandise¹	Exports	354,786	305,680	78,380	85,329	94,696	96,381	88,961	74,136	71,383	71,200	75,526
	Imports	149,653	149,621	32,152	37,517	38,181	41,803	35,197	38,351	34,540	41,533	36,711

International trade	Exports	208,763	196,700	52,200	52,834	53,728	50,001	50,949	50,216	47,651	47,884	53,239
	Imports	135,181	134,166	29,167	35,778	34,453	35,783	33,179	34,624	31,096	35,267	29,905
Goods for processing	Exports	131,973	99,011	18,450	32,267	37,368	43,888	34,530	21,275	18,990	24,216	20,618
	Imports	8,993	10,184	2,046	22	1,885	5,040	1,179	1,978	1,971	5,056	5,599
Other conceptual adjustments	Exports	-10,422	-15,761	-1415	-2219	-2691	-4097	-2233	-2673	-2483	-8372	-3106
	Imports	5,479	5,273	939	1717	1843	980	839	1749	1474	1211	1208
Merchanting (net export)	Exports	24,473	25,730	9,146	2,447	6,291	6,589	5,714	5,318	7,226	7,472	4,775

Services	Exports	371,648	399,015	86,465	91,519	95,447	98,217	90,380	97,624	101,439	109,572	105,053
	Imports	361,951	387,297	77,079	87,550	94,256	103,066	89,328	90,440	90,676	116,853	95,759
Repairs and Processing	Exports	2,343	2,739	513	466	679	685	602	792	652	693	239
	Imports	11,244	11,719	2,323	2,578	2,719	3,624	3,444	2,567	2,448	3,260	2,338
Transport	Exports	7,795	10,541	872	1,932	3,206	1,785	1,634	2,828	3,945	2,134	1,830
	Imports	5,915	5,684	1,300	1,516	1,553	1,546	1,368	1,366	1,306	1,644	1,413
Tourism and Travel ²	Exports	6,801	6,981	775	1,908	2,485	1,633	1,505	1,729	2,132	1,615	1,370
	Imports	8,183	12,219	895	2,155	3,164	1,969	2,203	3,440	3,638	2,938	2,820
Insurance	Exports	14,911	15,847	3,721	3,758	3,624	3,808	3,771	3,925	3,856	4,295	3,713
	Imports	14,235	14,190	3,619	3,569	3,531	3,516	3,389	3,674	3,420	3,707	3,481
Financial services	Exports	22,068	22,145	5,592	5,414	5,716	5,346	5,299	5,208	5,787	5,851	6,684
	Imports	20,439	20,340	5,166	5,041	5,205	5,027	4,932	5,185	5,097	5,126	6,006
Royalties/Licences	Exports	14,854	15,299	3,693	3,540	3,266	4,355	3,711	3,229	3,476	4,883	3,664
	Imports	136,380	141,784	29,196	32,584	33,008	41,592	36,751	30,665	33,295	41,073	37,211
of which: Pharmaceutical products and preparations	Exports	189	267	37	36	57	59	43	85	28	111	96
	Imports	31,046	24,917	3,981	7,870	7,835	11,360	6,055	6,543	4,463	7,856	4,919
Information and communication	Exports	7,345	5,506	2,333	1,905	1,089	2,018	1,120	1,193	*	*	921
	Imports	87,906	99,349	*	*	*	*	*	*	*	*	*
Communications	Exports	187	173	47	48	45	47	49	45	42	37	36
	Imports	838	792	208	210	211	209	194	197	202	199	197
Computer services³	Exports	204,946	228,219	47,810	51,114	51,042	54,980	52,253	55,182	57,041	63,743	62,726
	Imports	10,855	12,164	2,406	2,679	2,881	2,889	2,724	2,870	3,425	3,145	4,225
Business services	Exports	71,732	69,234	17,509	16,509	19,202	18,512	15,088	17,629	18,037	18,480	18,723
	Imports	137,091	149,924	27,854	32,608	37,162	39,467	29,907	35,678	33,125	51,214	33,053
Research and development	Exports	8,440	9,315	1,879	2,043	2,265	2,253	1,716	2,456	2,961	2,182	2,650
	Imports	46,414	53,414	8,526	10,657	13,385	13,846	8,246	9,738	10,075	25,355	9,249
of which: IP related	Exports	1,504	2,129	373	433	601	97	89	860	975	205	*
	Imports	7,994	15,241	1,057	*	*	615	525	274	*	*	*
Operational leasing	Exports	19,598	19,759	4,860	4,688	4,974	5,076	4,784	4,912	4,958	5,105	4,985
	Imports	1,843	1,347	424	446	481	492	365	332	326	324	340
Misc. business services⁴	Exports	43,693	40,159	10,770	9,778	11,962	11,183	8,587	10,261	10,118	11,193	11,089
	Imports	88,835	95,163	18,904	21,505	23,297	25,129	21,295	25,608	22,725	25,535	23,465
Other services n.e.s.	Exports	26,009	27,834	5,933	6,830	6,181	7,065	6,467	7,056	6,471	7,840	6,066
	Imports	16,772	18,480	4,111	4,612	4,821	3,228	4,416	4,798	4,719	4,547	5,014

Merchandise and Services - Total	Exports	726,433	704,694	164,845	176,848	190,143	194,597	179,341	171,759	172,822	180,772	180,579
	Imports	511,603	536,917	109,231	125,067	132,436	144,869	124,525	128,790	125,216	158,386	132,471

Trade Balance	Net	214,831	167,777	55,614	51,781	57,707	49,729	54,816	42,969	47,606	22,386	48,108

Primary Income	Inflows	151,829	249,269	33,988	40,887	33,827	43,127	55,647	63,756	62,770	67,096	65,919
	Outflows	316,312	370,930	73,846	79,250	79,469	83,747	97,462	94,216	90,632	88,620	97,962
Compensation of Employees	Inflows	505	528	124	127	127	127	132	132	132	132	132
	Outflows	898	1,135	212	216	223	247	254	246	247	388	239
Investment Income	Inflows	149,765	247,545	33,488	40,392	33,296	42,589	55,230	63,257	62,349	66,709	65,495
	Outflows	314,497	368,873	73,473	78,626	79,094	83,304	97,061	93,520	90,237	88,055	97,547
Direct investment income	Inflows	38,696	67,328	10,275	13,235	4,814	10,372	13,690	16,840	16,498	20,300	17,758
	Outflows	191,359	185,530	47,775	48,293	47,590	47,701	55,304	45,703	43,823	40,700	48,814

of which: Manufacturing	Outflows	130,520	105,465	35,322	30,299	34,778	30,121	36,877	24,527	24,110	19,951	28,111
Information and communication	Outflows	37,100	44,293	7,176	11,673	7,150	11,101	9,595	12,984	10,044	11,670	12,269

Income on equity	Inflows	35,069	62,283	9,759	12,634	3,927	8,749	12,597	15,459	15,100	19,127	16,835
	Outflows	179,444	170,663	45,238	45,702	44,527	43,977	51,592	41,964	40,327	36,780	45,658
Dividends & distributed	Inflows	9,298	18,494	1,221	1,302	5,036	1,739	1,882	2,873	8,510	5,229	2,053
branch profits	Outflows	87,281	175,349	29,547	6,748	18,998	31,988	54,970	79,565	27,727	13,087	38,395
Reinvested earnings	Inflows	25,771	43,789	8,538	11,332	-1,109	7,010	10,715	12,586	6,590	13,898	14,783
	Outflows	92,163	-4,686	15,692	38,954	25,529	11,988	-3,378	-37,601	12,600	23,693	7,263
Income on debt	Inflows	3,627	5,045	516	601	886	1,624	1,093	1,381	1,398	1,173	923
	Outflows	11,916	14,866	2,537	2,591	3,064	3,724	3,711	3,739	3,496	3,920	3,157
Portfolio investment income	Inflows	86,898	118,458	19,137	23,346	21,624	22,791	27,662	30,967	29,732	30,097	31,265
	Outflows	103,550	146,913	21,815	26,373	26,104	29,258	33,196	39,303	36,878	37,536	38,534
Income on equity	Inflows	31,709	36,449	7,158	10,194	7,324	7,033	8,454	10,944	8,933	8,118	8,881
	Outflows	84,094	113,383	17,228	21,777	21,143	23,946	25,519	30,718	28,288	28,858	29,625
Income on debt	Inflows	55,189	82,008	11,979	13,151	14,301	15,758	19,208	20,022	20,799	21,979	22,384
	Outflows	19,456	33,530	4,587	4,596	4,961	5,312	7,678	8,585	8,590	8,677	8,909
Other investment income	Inflows	24,171	61,758	4,076	3,812	6,857	9,426	13,878	15,450	16,119	16,311	16,472
	Outflows	19,587	36,431	3,882	3,960	5,400	6,345	8,561	8,514	9,536	9,820	10,199
Other primary income	Inflows	1,559	1,199	377	368	404	410	286	367	290	256	293
	Outflows	917	923	161	408	151	197	147	450	149	177	176

Secondary Income	Inflows	7,957	9,459	1,884	1,903	2,249	1,921	2,277	2,258	2,751	2,173	1,985
	Outflows	12,661	14,313	3,062	3,077	3,377	3,145	3,473	3,419	3,865	3,556	3,159

Income Balance	Net	-169,187	-126,514	-41,036	-39,537	-46,770	-41,844	-43,011	-31,621	-28,976	-22,906	-33,217

Current Account - Total	Inflows	886,219	963,423	200,717	219,638	226,219	239,645	237,265	237,773	238,343	250,042	248,483
	Outflows	840,576	922,160	186,139	207,394	215,282	231,761	225,460	226,425	219,713	250,562	233,591

Current Account Balance	Net	45,643	41,262	14,578	12,244	10,937	7,884	11,805	11,348	18,629	-520	14,891

Capital Account Balance	Net	-927	-8,663	772	-124	-878	-697	-437	-5,570	-1,683	-973	-12,999

Memorandum Item:
Government Income	Inflows	54	109	6	14	14	20	13	14	28	54	90
	Outflows	2,455	2,578	814	481	552	608	797	552	647	582	828
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 were 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.

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Table 1.4 Financial Account

Table 1.4 Financial Account¹												€ million
		2022	2023	2022				2023				2024
Item		Year		Quarter 1	Quarter 2	Quarter 3	Quarter 4	Quarter 1	Quarter 2	Quarter 3	Quarter 4	Quarter 1

Direct Investment	Abroad	-28,069	10,441	9,120	-3,873	-14,088	-19,228	13,325	-36,523	5,693	27,946	12,993
	In Ireland	-53,034	-2,476	-6,895	-25,961	11,006	-31,184	-484	-44,502	26,266	16,244	-1,218

Equity	Abroad	-90,658	-49,606	9,349	*	-4,898	-40,130	1,343	*	*	-5,070	1,610
	In Ireland	-109,291	-24,657	-37,948	-23,555	-20,393	-27,395	8,633	-54,682	1,275	20,117	-15,098
Reinvested Earnings	Abroad	26,208	43,762	8,647	11,442	-1,000	7,119	10,713	12,584	6,588	13,877	14,781
	In Ireland	91,358	-5,420	15,739	38,797	25,167	11,655	-3,449	-37,730	12,301	23,458	7,019
Other Capital	Abroad	36,380	16,284	-8,877	*	-8,190	13,782	1,269	*	*	19,139	-3,398
	In Ireland	-35,102	27,602	15,313	-41,204	6,233	-15,444	-5,668	47,911	12,690	-27,331	6,862

Portfolio Investment	Assets	-39,044	293,285	-45,450	-11,836	-46,291	64,533	-8,393	104,790	106,618	90,270	56,581
	Liabilities	99,751	194,734	-5,594	13,186	499	91,660	15,829	17,766	61,790	99,349	23,176

Equity	Assets	-8,697	118,530	13,108	1,422	-19,481	-3,746	21,211	14,380	48,724	34,215	15,731
	Liabilities	100,706	153,634	-11,417	2,667	7,067	102,389	7,710	7,007	45,706	93,211	32,148
Debt Instruments	Assets	-30,347	174,755	-58,558	-13,259	-26,809	68,279	-29,604	90,410	57,894	56,055	40,850
	Liabilities	-955	41,100	5,823	10,519	-6,568	-10,729	8,119	10,759	16,083	6,139	-8,971
Bonds and notes	Assets	-13,419	159,198	-3,471	-5,776	-14,275	10,103	43,220	59,023	41,671	15,284	55,494
	Liabilities	634	31,151	6,683	9,740	-2,260	-13,529	10,557	5,387	13,690	1,517	-9,789
Money market instruments	Assets	-16,928	15,556	-55,087	-7,483	-12,534	58,176	-72,824	31,386	16,223	40,771	-14,644
	Liabilities	-1,590	9,950	-861	779	-4,308	2,800	-2,438	5,372	2,394	4,622	818

Other Investment	Assets	69,274	-87,839	99,236	-26,637	90,103	-93,428	21,596	-26,430	-9,164	-73,841	4,903
	Liabilities	-88,436	-13,727	55,773	-33,585	8,897	-119,521	5,471	64,966	-3,825	-80,339	41,644

Loans, currency and deposits	Assets	93,945	40,184	37,320	38,043	46,410	-27,828	51,576	-22,943	7,890	3,661	-16,259
	Liabilities	-43,385	14,673	14,270	15,797	-5,405	-68,047	15,383	27,917	-3,311	-25,316	15,131
Other²	Assets	-24,671	-128,027	61,915	-64,678	43,693	-65,601	-29,981	-3,488	-17,055	-77,503	21,163
	Liabilities	-45,051	-28,401	41,503	-49,382	14,303	-51,475	-9,913	37,049	-514	-55,023	26,513

Reserve Assets		485	-435	-129	33	603	-22	11	-24	-529	107	-85

Monetary gold		135	0	135	0	0	0	0	0	0	0	0
Special drawing rights		164	-53	0	1	171	-8	-7	44	-26	-64	13
Reserve position in the IMF		151	-4	0	56	44	51	1	1	46	-52	9
Foreign exchange		-100	-324	-333	12	217	4	41	-79	-458	172	-361
Other		135	-53	69	-36	171	-69	-24	9	-90	52	254

Balance on Financial Account		44,364	36,919	19,493	4,048	9,923	10,900	5,723	3,580	18,387	9,229	10,789

Net errors and omissions		-352	4,320	4,143	-8,072	-136	3,713	-5,645	-2,198	1,441	10,722	8,897
Memorandum Item:
Government financial	Assets	300	4,216	-1,255	471	-184	1,268	-1,294	1,424	1,227	2,859	2,307
transactions	Liabilities	-9,632	-636	472	-126	-1,932	-8,046	2,851	-485	-255	-2,747	-1,830
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.

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Table 1.5 Current, Capital and Financial Account activity classified by Institutional Sector

Table 1.5 Current, Capital and Financial Account activity classified by Institutional Sector¹												€ million
		2022	2023	2022				2023				2024
Item		Year		Quarter 1	Quarter 2	Quarter 3	Quarter 4	Quarter 1	Quarter 2	Quarter 3	Quarter 4	Quarter 1
Current Account - Total	Inflows	886,219	963,423	200,717	219,638	226,219	239,645	237,265	237,773	238,343	250,042	248,483
	Outflows	840,576	922,160	186,139	207,394	215,282	231,761	225,460	226,425	219,713	250,562	233,591

Merchandise²	Exports	354,786	305,680	78,380	85,329	94,696	96,381	88,961	74,136	71,383	71,200	75,526
	Imports	149,653	149,621	32,152	37,517	38,181	41,803	35,197	38,351	34,540	41,533	36,711

Services	Exports	371,648	399,015	86,465	91,519	95,447	98,217	90,380	97,624	101,439	109,572	105,053
	Imports	361,951	387,297	77,079	87,550	94,256	103,066	89,328	90,440	90,676	116,853	95,759

General Government	Exports	464	348	115	114	115	120	103	103	71	71	71
	Imports	98	105	19	20	21	38	26	25	28	26	27
Monetary Authority ³	Exports	0	0	0	0	0	0	0	0	0	0	0
	Imports	0	0	0	0	0	0	0	0	0	0	0
Monetary Financial Institutions⁴	Exports	8,163	9,739	1,997	1,966	2,295	1,905	2,390	2,549	2,398	2,402	2,544
	Imports	3,611	3,842	748	855	1,098	910	1,101	989	767	985	1,105
Other Sectors⁵	Exports	363,020	388,927	84,352	89,439	93,037	96,192	87,887	94,971	98,970	107,099	102,438
	Imports	358,240	383,349	76,311	86,675	93,137	102,117	88,201	89,426	89,881	115,841	94,627
of which:
Other Financial Intermediaries	Exports	39,297	39,481	9,497	10,072	9,898	9,830	9,723	9,895	9,823	10,040	10,144
	Imports	40,706	41,381	9,859	10,548	10,306	9,993	10,336	10,771	10,019	10,255	10,918
Non-Financial Companies⁶	Exports	323,724	349,445	74,855	79,368	83,139	86,362	78,164	85,076	89,146	97,059	92,295
	Imports	317,534	341,969	66,452	76,127	82,831	92,124	77,865	78,656	79,862	105,586	83,709

Primary Income	Inflows	151,829	249,269	33,988	40,887	33,827	43,127	55,647	63,756	62,770	67,096	65,919
	Outflows	316,312	370,930	73,846	79,250	79,469	83,747	97,462	94,216	90,632	88,620	97,962

General Government	Inflows	54	109	6	14	14	20	13	14	28	54	90
	Outflows	2,455	2,578	814	481	552	608	797	552	647	582	828
Monetary Authority ³	Inflows	168	175	47	41	40	40	37	42	47	49	49
	Outflows	0	0	0	0	0	0	0	0	0	0	0
Monetary Financial Institutions⁴	Inflows	9,716	38,353	-19	1,078	2,998	5,659	7,552	9,168	10,326	11,307	11,494
	Outflows	10,045	37,171	353	1,503	2,647	5,542	7,266	9,162	10,434	10,309	11,345
Other Sectors⁵	Inflows	141,891	210,631	33,954	39,754	30,775	37,408	48,045	54,532	52,368	55,686	54,287
	Outflows	303,811	331,181	72,679	77,266	76,269	77,597	89,398	84,502	79,552	77,729	85,789
of which:
Other Financial Intermediaries	Inflows	105,336	148,368	24,515	27,034	25,781	28,006	35,887	38,802	37,032	36,647	37,490
	Outflows	106,123	147,538	23,940	27,078	26,240	28,865	35,474	37,857	37,114	37,093	37,794
Non-Financial Companies⁶	Inflows	36,556	62,264	9,440	12,720	4,994	9,402	12,158	15,730	15,336	19,040	16,797
	Outflows	197,688	183,643	48,738	50,188	50,030	48,732	53,924	46,645	42,437	40,637	47,996

Secondary Income	Inflows	7,957	9,459	1,884	1,903	2,249	1,921	2,277	2,258	2,751	2,173	1,985
	Outflows	12,661	14,313	3,062	3,077	3,377	3,145	3,473	3,419	3,865	3,556	3,159

General Government	Inflows	115	170	5	46	26	38	21	43	57	49	19
	Outflows	3,987	3,912	993	1,017	936	1,041	1,002	939	904	1,067	975
Monetary Authority ³	Inflows	0	0	0	0	0	0	0	0	0	0	0
	Outflows	0	0	0	0	0	0	0	0	0	0	0
Monetary Financial Institutions⁴	Inflows	0	0	0	0	0	0	0	0	0	0	0
	Outflows	0	0	0	0	0	0	0	0	0	0	0
Other Sectors⁵	Inflows	7,841	9,289	1,878	1,857	2,223	1,883	2,256	2,215	2,694	2,124	1,966
	Outflows	8,674	10,401	2,069	2,060	2,441	2,104	2,471	2,480	2,961	2,489	2,183
of which:
Other Financial Intermediaries	Inflows	6,556	8,248	1,557	1,534	1,902	1,563	1,935	1,943	2,423	1,947	1,644
	Outflows	6,556	8,248	1,557	1,534	1,902	1,563	1,935	1,943	2,423	1,947	1,644
Non-Financial Companies⁶	Inflows	1,287	1,042	322	323	321	321	322	272	271	177	322
	Outflows	2,119	2,153	513	526	539	541	537	537	538	541	539

Balance on Current Account		45,643	41,262	14,578	12,244	10,937	7,884	11,805	11,348	18,629	-520	14,891

Balance on Capital Account		-927	-8,663	772	-124	-878	-697	-437	-5,570	-1,683	-973	-12,999

Financial Account⁷
Direct investment	Abroad	-28,069	10,441	9,120	-3,873	-14,088	-19,228	13,325	-36,523	5,693	27,946	12,993
	In Ireland	-53,034	-2,476	-6,895	-25,961	11,006	-31,184	-484	-44,502	26,266	16,244	-1,218

General Government	Abroad	0	*	0	0	0	0	*	*	0	*	*
	In Ireland	0	0	0	0	0	0	0	0	0	0	0
Monetary Authority ³	Abroad	0	0	0	0	0	0	0	0	0	0	0
	In Ireland	0	0	0	0	0	0	0	0	0	0	0
Monetary Financial Institutions⁴	Abroad	725	*	570	173	-106	88	*	*	98	*	*
	In Ireland	-1,582	16,973	-449	-753	-888	508	-100	*	377	*	247
Other Sectors⁵	Abroad	-28,793	10,213	8,551	-4,046	-13,982	-19,316	13,178	-36,619	5,596	28,058	12,963
	In Ireland	-51,455	-19,450	-6,448	-25,208	11,894	-31,693	-384	*	25,888	*	-1,464
of which:
Other Financial Intermediaries	Abroad	-38,793	4,997	4,887	2,078	-5,238	-40,520	1,440	3,727	2,706	-2,876	1,812
	In Ireland	-41,271	19,470	3,031	-17,375	10,414	-37,341	-2,417	2,267	-5,911	25,531	14,886
Non-Financial Companies⁶	Abroad	10,000	5,216	3,664	-6,124	-8,744	21,204	11,738	-40,346	2,890	30,934	11,151
	In Ireland	-10,184	-38,920	-9,479	-7,833	1,480	5,648	2,033	*	31,799	*	-16,350

Portfolio investment	Assets	-39,044	293,285	-45,450	-11,836	-46,291	64,533	-8,393	104,790	106,618	90,270	56,581
	Liabilities	99,751	194,734	-5,594	13,186	499	91,660	15,829	17,766	61,790	99,349	23,176

General Government	Assets	420	-117	0	567	-213	66	27	-54	-183	93	84
	Liabilities	-9,648	1,436	366	49	-1,994	-8,069	2,745	-310	-255	-744	-1,033
Monetary Authority ³	Assets	-1,678	418	-1,462	-298	-331	413	107	-76	457	-70	0
	Liabilities	0	0	0	0	0	0	0	0	0	0	0
Monetary Financial Institutions⁴	Assets	-33,736	42,023	-59,065	-14,694	-30,884	70,907	-71,854	36,994	15,006	61,877	-2,045
	Liabilities	43,886	34,015	-37,266	-6,875	4,288	83,739	-27,259	-14,881	15,655	60,500	-17,340
Other Sectors⁵	Assets	-4,049	250,961	15,077	2,589	-14,862	-6,853	63,328	67,924	91,338	28,371	58,541
	Liabilities	65,511	159,285	31,306	20,011	-1,795	15,989	40,344	32,957	46,390	39,594	41,549
of which:
Other Financial Intermediaries	Assets	-4,102	251,141	15,081	2,583	-14,871	-6,895	63,375	67,936	*	*	*
	Liabilities	62,218	159,094	32,294	20,398	140	9,386	41,190	30,119	46,517	41,268	40,238
Non-Financial Companies⁶	Assets	53	-180	-4	6	9	42	-47	-12	*	*	*
	Liabilities	3,293	191	-988	-387	-1,935	6,603	-846	2,838	-127	-1,674	1,311

Other investment	Assets	69,274	-87,839	99,236	-26,637	90,103	-93,428	21,596	-26,430	-9,164	-73,841	4,903
	Liabilities	-88,436	-13,727	55,773	-33,585	8,897	-119,521	5,471	64,966	-3,825	-80,339	41,644

General Government	Assets	-120	4,333	-1,255	-96	29	1,202	-1,321	1,478	1,410	2,766	2,223
	Liabilities	16	-2,072	106	-175	62	23	106	-175	*	*	-797
Monetary Authority ³	Assets	17,605	-4,399	3,787	13,792	-5,334	5,360	-12,673	3,638	61	4,575	-8,117
	Liabilities	2,232	1,717	233	1,139	385	475	288	338	*	*	264
Monetary Financial Institutions⁴	Assets	97,492	-25,546	70,235	-60	67,454	-40,137	71,110	-35,846	2,119	-62,929	6,982
	Liabilities	25,003	-21,939	42,746	-6,114	27,136	-38,765	11,712	17,452	-1,589	-49,514	20,628
Other Sectors⁵	Assets	-45,702	-62,230	26,469	-40,272	27,955	-59,854	-35,521	4,300	-12,753	-18,256	3,815
	Liabilities	-115,689	8,567	12,688	-28,436	-18,686	-81,255	-6,635	47,352	-2,937	-29,213	21,548
of which:
Other Financial Intermediaries	Assets	-37,829	-68,892	35,800	-35,693	17,808	-55,744	-25,730	-4,925	-18,915	-19,322	11,819
	Liabilities	-116,125	6,932	19,355	-28,976	-25,397	-81,107	3,294	40,800	-7,454	-29,708	25,978
Non-Financial Companies⁶	Assets	-7,873	6,662	-9,331	-4,579	10,147	-4,110	-9,791	9,225	6,162	1,066	-8,004
	Liabilities	436	1,635	-6,667	540	6,711	-148	-9,929	6,552	4,517	495	-4,430

Reserve Assets		485	-435	-129	33	603	-22	11	-24	-529	107	-85

Balance on Financial Account		44,364	36,919	19,493	4,048	9,923	10,900	5,723	3,580	18,387	9,229	10,789
Net errors and omissions		-352	4,320	4,143	-8,072	-136	3,713	-5,645	-2,198	1,441	10,722	8,897
¹Includes transactions which cannot be shown due to confidentiality constraints.
²Adjusted for balance of payments purposes.
³Central Bank of Ireland.
⁴Covering licensed credit institutions and money market funds.
⁵Other sectors includes financial corporations other than the Monetary Authority and Monetary Financial Institutions, non-financial service and manufacturing companies and other industrial enterprises as well as (implicitly) households (see Background Notes). The gross liabilities to non-residents of financial corporations covered in other sectors tend to be very significant.
⁶Including households.
⁷See footnote 1 on Table 1.4.

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Table 1.6 Current and Capital Accounts showing geographical detail

Table 1.6 Current and Capital Accounts showing geographical¹ detail												€ million
		2022	2023	2022				2023				2024
Item		Year		Quarter 1	Quarter 2	Quarter 3	Quarter 4	Quarter 1	Quarter 2	Quarter 3	Quarter 4	Quarter 1

Current Account - Total	Inflows	886,219	963,423	200,717	219,638	226,219	239,645	237,265	237,773	238,343	250,042	248,483
	Outflows	840,576	922,160	186,139	207,394	215,282	231,761	225,460	226,425	219,713	250,562	233,591

Merchandise²	Exports	354,786	305,680	78,380	85,329	94,696	96,381	88,961	74,136	71,383	71,200	75,526
	Imports	149,653	149,621	32,152	37,517	38,181	41,803	35,197	38,351	34,540	41,533	36,711
EMU	Exports	124,831	104,073	24,329	31,484	33,032	35,986	32,524	24,503	21,602	25,444	25,724
	Imports	51,882	61,236	10,353	12,045	12,701	16,783	13,350	16,702	13,623	17,561	16,955
Non-EMU	Exports	229,954	201,607	54,051	53,845	61,664	60,394	56,437	49,633	49,781	45,756	49,802
	Imports	97,770	88,385	21,799	25,472	25,479	25,020	21,846	21,649	20,917	23,973	19,757
EU	Exports	134,457	112,672	26,514	33,535	35,686	38,722	34,822	26,580	23,665	27,605	27,539
	Imports	56,998	66,502	11,519	13,334	14,063	18,082	14,770	18,056	14,763	18,913	18,430
Non-EU	Exports	220,328	193,007	51,866	51,793	59,010	57,659	54,138	47,556	47,718	43,595	47,987
	Imports	92,654	83,119	20,633	24,183	24,118	23,720	20,427	20,295	19,777	22,620	18,281

Services	Exports	371,648	399,015	86,465	91,519	95,447	98,217	90,380	97,624	101,439	109,572	105,053
	Imports	361,951	387,297	77,079	87,550	94,256	103,066	89,328	90,440	90,676	116,853	95,759
EMU	Exports	97,515	106,559	22,020	24,430	25,212	25,853	24,014	26,789	27,241	28,515	26,819
	Imports	63,481	57,554	11,398	16,377	17,266	18,440	12,107	15,188	13,504	16,755	11,704
Non-EMU	Exports	274,133	292,456	64,445	67,089	70,235	72,364	66,366	70,835	74,198	81,057	78,234
	Imports	298,469	329,742	65,681	71,173	76,989	84,626	77,221	75,252	77,172	100,097	84,055
EU	Exports	118,183	128,420	26,622	29,473	30,420	31,668	29,092	32,020	32,808	34,500	32,677
	Imports	68,701	63,519	12,567	17,668	18,673	19,793	13,596	16,550	14,939	18,434	13,195
Non-EU	Exports	253,466	270,594	59,843	62,047	65,027	66,549	61,288	65,603	68,631	75,072	72,376
	Imports	293,251	323,777	64,512	69,883	75,583	83,273	75,732	73,890	75,737	98,418	82,564

Primary Income	Inflows	151,829	249,269	33,988	40,887	33,827	43,127	55,647	63,756	62,770	67,096	65,919
	Outflows	316,312	370,930	73,846	79,250	79,469	83,747	97,462	94,216	90,632	88,620	97,962
EMU	Inflows	48,255	70,758	11,616	11,737	11,512	13,390	16,487	17,971	17,147	19,153	16,779
	Outflows	69,867	94,896	16,017	18,060	18,393	17,397	22,195	24,013	23,856	24,832	24,317
Non-EMU	Inflows	103,573	178,509	22,372	29,150	22,314	29,737	39,160	45,784	45,622	47,943	49,140
	Outflows	246,444	276,035	57,828	61,189	61,076	66,351	75,267	70,203	66,777	63,788	73,645
EU	Inflows	52,580	76,654	12,553	12,864	12,621	14,542	17,766	19,654	18,632	20,602	18,394
	Outflows	73,053	98,997	16,936	18,998	19,052	18,067	23,324	25,168	24,750	25,755	25,507
Non-EU	Inflows	99,249	172,615	21,435	28,023	21,206	28,585	37,881	44,102	44,137	46,495	47,526
	Outflows	243,259	271,934	56,910	60,252	60,417	65,680	74,138	69,048	65,883	62,865	72,455

Secondary Income	Inflows	7,957	9,459	1,884	1,903	2,249	1,921	2,277	2,258	2,751	2,173	1,985
	Outflows	12,661	14,313	3,062	3,077	3,377	3,145	3,473	3,419	3,865	3,556	3,159
EMU	Inflows	4,335	5,443	1,131	879	1,177	1,148	1,278	1,302	1,730	1,133	939
	Outflows	4,962	6,082	1,290	1,049	1,337	1,286	1,434	1,463	1,891	1,294	1,098
Non-EMU	Inflows	3,620	4,017	753	1,023	1,071	773	999	956	1,021	1,041	1,046
	Outflows	7,698	8,230	1,772	2,027	2,040	1,859	2,039	1,956	1,974	2,261	2,061
EU	Inflows	4,671	5,934	1,189	1,002	1,255	1,225	1,360	1,430	1,886	1,258	1,028
	Outflows	8,593	9,850	2,180	1,963	2,219	2,231	2,390	2,379	2,813	2,268	1,979
Non-EU	Inflows	3,285	3,527	695	900	993	697	917	829	866	915	957
	Outflows	4,068	4,463	882	1,114	1,158	914	1,083	1,040	1,052	1,288	1,180

Balance on Current Account		45,643	41,262	14,578	12,244	10,937	7,884	11,805	11,348	18,629	-520	14,891

Balance on Capital Account		-927	-8,663	772	-124	-878	-697	-437	-5,570	-1,683	-973	-12,999
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 (EMU-19). For years 2018 and 2019, the term ‘EU’ relates to transactions between residents of Ireland and other residents of the EU-28 area. From Q12020, the term ‘EU’ relates to transactions between residents of Ireland and other residents of the EU-27 area, which excludes the United Kingdom following their withdrawal from the European Union on 1 February 2020.
²Adjusted for balance of payments purposes.

Open in Excel: International Accounts Q1 2024 Table 1.6 (XLS 15KB)

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Table 1.7 Financial Account showing geographical detail

Table 1.7 Financial Account¹ showing geographical² detail												€ million
		2022	2023	2022				2023				2024
Item		Year		Quarter 1	Quarter 2	Quarter 3	Quarter 4	Quarter 1	Quarter 2	Quarter 3	Quarter 4	Quarter 1

Direct Investment	Abroad	-28,069	10,441	9,120	-3,873	-14,088	-19,228	13,325	-36,523	5,693	27,946	12,993
	In Ireland	-53,034	-2,476	-6,895	-25,961	11,006	-31,184	-484	-44,502	26,266	16,244	-1,218

EMU	Abroad	-16,643	18,745	3,354	8,358	1,084	-29,439	4,426	8,185	1,012	5,122	596
	In Ireland	-3,813	-16,673	6,645	-1,232	15,443	-24,669	451	-29,028	-2,863	14,767	4,701
Non-EMU	Abroad	-11,429	-8,302	5,765	-12,233	-15,172	10,211	8,899	-44,708	4,683	22,824	12,397
	In Ireland	-49,222	14,196	-13,541	-24,730	-4,436	-6,515	-936	-15,474	29,129	1,477	-5,919
EU	Abroad	-18,219	22,457	3,931	8,411	2,423	-32,984	4,732	8,309	575	8,841	86
	In Ireland	-4,261	-16,312	6,876	-1,491	15,086	-24,732	-26	-28,920	-2,121	14,755	4,031
Non-EU	Abroad	-9,852	-12,014	5,187	-12,284	-16,510	13,755	8,593	-44,830	5,118	19,105	12,908
	In Ireland	-48,772	13,835	-13,772	-24,470	-4,079	-6,451	-458	-15,581	28,386	1,488	-5,249

Portfolio Investment	Assets	-39,044	293,285	-45,450	-11,836	-46,291	64,533	-8,393	104,790	106,618	90,270	56,581
	Liabilities	99,751	194,734	-5,594	13,186	499	91,660	15,829	17,766	61,790	99,349	23,176

EMU	Assets	16,965	49,622	-4,325	-1,982	-14,768	38,040	12,172	4,038	20,903	12,509	31,539
	Liabilities	16,599	90,918	-34,123	3,401	9,890	37,431	6,518	19,522	24,784	40,094	-8,027
Non-EMU	Assets	-56,009	243,662	-41,125	-9,854	-31,523	26,493	-20,565	100,751	85,715	77,761	25,042
	Liabilities	83,152	103,817	28,529	9,785	-9,391	54,229	9,311	-1,756	37,006	59,256	31,203
EU	Assets	17,904	61,462	-7,712	-204	-14,462	40,282	13,170	6,232	25,312	16,748	38,783
	Liabilities	11,736	87,386	-36,542	3,297	8,496	36,485	7,775	16,537	21,495	41,579	-5,041
Non-EU	Assets	-56,948	231,823	-37,738	-11,632	-31,829	24,251	-21,563	98,557	81,306	73,523	17,798
	Liabilities	88,015	107,349	30,948	9,889	-7,996	55,174	8,054	1,229	40,295	57,771	28,217

Other Investment³	Assets	69,274	-87,839	99,236	-26,637	90,103	-93,428	21,596	-26,430	-9,164	-73,841	4,903
	Liabilities	-88,436	-13,727	55,773	-33,585	8,897	-119,521	5,471	64,966	-3,825	-80,339	41,644

EMU	Assets	34,493	3,859	27,075	17,396	17,575	-27,553	25,339	-7,599	617	-14,498	-8,413
	Liabilities	-6,819	-37,556	5,158	9,811	-1,584	-20,204	4,902	2,822	3,277	-48,557	22,050
Non-EMU	Assets	34,782	-91,700	72,161	-44,031	72,528	-65,876	-3,743	-18,831	-9,783	-59,343	13,316
	Liabilities	-81,616	23,831	50,616	-43,397	10,482	-99,317	570	62,145	-7,101	-31,783	19,593
EU	Assets	40,238	3,981	29,393	15,174	22,257	-26,586	25,554	-6,781	-92	-14,700	-1,853
	Liabilities	-4,921	-38,680	8,583	6,107	2,244	-21,855	5,611	5,871	4,882	-55,044	25,319
Non-EU	Assets	29,036	-91,821	69,843	-41,811	67,846	-66,842	-3,958	-19,649	-9,072	-59,142	6,756
	Liabilities	-83,513	24,955	47,191	-39,693	6,655	-97,666	-140	59,097	-8,707	-25,295	16,325

Reserve Assets		485	-435	-129	33	603	-22	11	-24	-529	107	-85

Balance on Financial Account		44,364	36,919	19,493	4,048	9,923	10,900	5,723	3,580	18,387	9,229	10,789

Net errors and omissions		-352	4,320	4,143	-8,072	-136	3,713	-5,645	-2,198	1,441	10,722	8,897
¹See footnote 1 on Table 1.4.
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 (EMU-19). For years 2018 and 2019, the term ‘EU’ relates to transactions between residents of Ireland and other residents of the EU-28 area. From Q12020, the term ‘EU’ relates to transactions between residents of Ireland and other residents of the EU-27 area, which excludes the United Kingdom following their withdrawal from the European Union on 1 February 2020.
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.

Open in Excel: International Accounts Q1 2024 Table 1.7 (XLS 15KB)

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International Accounts Q1 2024 Final

Balance of International Payments

Balance of International Payments

Current account balance of €14.9bn in Quarter 1 2024

Balance of Payments Current account

Current account (see Table 1.3)

Financial account (see Tables 1.4 and 1.5)

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