FX.co ★ Irish Current Account Surplus Narrows in Q1

In the first quarter of 2025, Ireland's current account surplus shrank to EUR 6.6 billion, a significant decrease from the EUR 14.9 billion recorded during the same period in 2024. A notable change occurred in the services account, which registered a deficit of EUR 0.4 billion, reversing from a EUR 9.3 billion surplus. Additionally, the gap in primary income expanded substantially, reaching EUR 66.2 billion compared to the previous EUR 32 billion. The secondary income deficit remained relatively stable at EUR 1 billion. On the other hand, the goods surplus experienced a notable increase, growing to EUR 74.2 billion from EUR 38.8 billion.