Table 1.1 Balance of International Payments | € million | |||
Merchandise Balance | Services and Income Balance | Current Account Balance | Current Account Balance as % of GDP | |
Q4 2020 | 35,124 | -24,235 | 10,890 | 11.6 |
Q4 2021 | 41,277 | -39,771 | 1,506 | 1.4 |
Q1-Q4 2020 | 144,952 | -154,846 | -9,892 | -2.7 |
Q1-Q4 2021 | 172,943 | -114,144 | 58,798 | 13.9 |
The Balance of Payments current account, a measure of Ireland’s economic flows with the rest of the world, showed a surplus of €1.5bn in the fourth quarter of 2021. Increased R&D and Royalty imports have contributed to the reduced current account surplus.
Current Account | |
Q3 2019 | 12.465483158424 |
Q4 2019 | -63.5161880916754 |
Q1 2020 | -49.2835487394886 |
Q2 2020 | 11.6541962287259 |
Q3 2020 | 15.1416633507514 |
Q4 2020 | 11.5649766415266 |
Q1 2021 | 18.9417611114286 |
Q2 2021 | 14.8989309568967 |
Q3 2021 | 20.3511305440226 |
Q4 2021 | 1.41953658723128 |
Merchandise | Services | Primary Income | Secondary Income | Balance on Current Account | |
Q3 2019 | 31.248 | 1.313 | -20.094 | -0.852 | 11.616 |
Q4 2019 | 29.188 | -68.463 | -18.838 | -0.66 | -58.773 |
Q1 2020 | 37.656 | -61.58 | -20.951 | -1.05 | -45.924 |
Q2 2020 | 34.277 | -1.664 | -21.784 | -0.974 | 9.855 |
Q3 2020 | 37.895 | 6.842 | -28.722 | -0.728 | 15.287 |
Q4 2020 | 35.124 | -5.498 | -17.703 | -1.034 | 10.89 |
Q1 2021 | 43.658 | 4.953 | -28.305 | -1.265 | 19.04 |
Q2 2021 | 42.28 | 2.945 | -29.252 | -0.98 | 14.993 |
Q3 2021 | 45.728 | 4.805 | -26.597 | -0.677 | 23.259 |
Q4 2021 | 41.277 | -15.831 | -22.513 | -1.427 | 1.506 |
Other points of note in the Quarter 4 2021 results are:
Direct Investment | Portfolio Investment | Other Investment | Reserve Assets | Balance on Financial Account | |
Q3 2019 | -2.461 | -8.325 | 12.318 | 0.144 | 1.677 |
Q4 2019 | -59.467 | 31.046 | -30.496 | 0.169 | -58.748 |
Q1 2020 | -52.356 | -85.894 | 79.837 | 0.139 | -58.274 |
Q2 2020 | -58.414 | 48.251 | 10.867 | -0.014 | 0.689 |
Q3 2020 | -6.514 | 0.883 | 16.066 | 0.76 | 11.196 |
Q4 2020 | 7.085 | 16.074 | -11.948 | 0.41 | 11.621 |
Q1 2021 | 22.855 | 12.427 | -23.254 | 0.173 | 12.201 |
Q2 2021 | 3.693 | -0.641 | 17.67 | 0.072 | 20.794 |
Q3 2021 | -11.444 | -2.057 | 22.402 | 4.081 | 12.982 |
Q4 2021 | 24.023 | -0.022 | -15.678 | 0.654 | 8.977 |
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