FX.co ★ Irish Current Account Surplus Narrows

Ireland’s current account surplus narrowed to €12.8 billion in the fourth quarter of 2025, down from €18.2 billion in the same period a year earlier. This was the smallest surplus since the first quarter of 2025 and was driven primarily by a weaker goods balance: the goods account surplus declined to €42.2 billion from €55.0 billion in Q4 2024. In contrast, the services account surplus increased to €8.1 billion from €6.9 billion. At the same time, the primary income deficit narrowed to €36.4 billion from €42.5 billion, while the secondary income deficit edged down to €1.1 billion from €1.2 billion.