FX.co ★ Irish Current Account Surplus Narrows

Ireland's current account balance shrank to €13.9 billion in the third quarter of 2025, down from €19.7 billion during the same timeframe the previous year. This was attributed to an increase in the primary income deficit, which grew to €46.4 billion from €33.6 billion the year before. The deficit expansion indicates that multinational corporations, which have their headquarters in Ireland, repatriated significant profits to their respective home countries, accounting for a substantial portion of the outflows in Ireland's current account. Concurrently, the merchandise trade surplus experienced growth, climbing to €55.4 billion from the previous €42.9 billion.