Ireland Current Account to GDP

Ireland recorded a Current Account surplus of 2.10 percent of the countrys Gross Domestic Product in 2012. Current Account to GDP in Ireland is reported by the Eurostat. From 1980 until 2012, Ireland Current Account to GDP averaged -1.7 Percent reaching an all time high of 4.0 Percent in December of 1993 and a record low of -13.4 Percent in December of 1981. The Current account balance as a percent of GDP provides an indication on the level of international competitiveness of a country. Usually, countries recording a strong current account surplus have an economy heavily dependent on exports revenues, with high savings ratings but weak domestic demand. On the other hand, countries recording a current account deficit have strong imports, a low saving rates and high personal consumption rates as a percentage of disposable incomes. This page provides - Ireland Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-24

Actual Previous Highest Lowest Forecast Dates Unit Frequency
2.10 1.10 4.00 -13.40 2.77 | 2013/12 1980 - 2012 Percent Yearly

TO

Ireland Current Account to GDP
LIST BY COUNTRY

Trade Last Previous Highest Lowest Forecast Unit
Current Account 3330.00 2013-11-15 3425.00 3425.00 -3997.00 3371.93 2014-03-31 EUR Million [+]
Balance of Trade 3210000.00 2014-02-15 3083000.00 4973000.00 -294081.00 3055426.63 2014-02-28 EUR Thousand [+]
Exports 7231800.00 2014-02-15 7175000.00 9188000.00 45054.00 7300870.04 2014-02-28 EUR Thousand [+]
Imports 4021900.00 2014-02-15 4091100.00 5696500.00 59842.00 4279836.28 2014-02-28 EUR Thousand [+]
Capital Flows -3063.00 2013-11-15 -3357.00 11147.00 -7696.00 -3052.61 2014-03-31 EUR Million [+]
External Debt 1604423.00 2013-12-31 1618068.00 1849903.00 521792.00 1583995.32 2014-03-31 EUR Million [+]
Terms of Trade 0.00 2014-01-15 78.20 132.50 0.00 22.09 2014-02-28 Index Points [+]
Tourist Arrivals 2909.40 2013-11-15 4293.20 5001.00 440.00 2933.07 2013-12-31 Thousand [+]
Current Account to GDP 2.10 2012-12-31 1.10 4.00 -13.40 2.77 2013-12-31 Percent [+]
[+]


Current Account to GDP | Notes
The Current account balance as a percent of GDP provides an indication on the level of international competiveness of a country. Usually, countries recording a strong current account surplus have an economy heavily dependent on exports revenues, with high savings ratings but weak domestic demand. On the other hand, countries recording a current account deficit have strong imports, a low saving rates and high personal consumption rates as a percentage of disposable incomes.


RELATED NEWS

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Irish annual consumer prices rose 0.2 percent in March of 2014, following a 0.1 percent fall in February, mainly due to higher cost of services.
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Ireland’ seasonally adjusted jobless rate fell for the third consecutive month in March of 2014 to 11.8 percent, down from 11.9 percent in the previous month, and 13.7 percent a year earlier.
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Irish trade balance widened 10.13 percent over a year earlier to € 3.09 billion in the first month of 2014. Compared with December of 2013, the trade surplus narrowed 9.1 percent.
Ireland Inflation Rate Falls to 3-1/2-Year Low  
Irish annual inflation rate dropped to -0.1 percent in February of 2014, from 0.2 percent in the previous month. It is the first time since July of 2010 the inflation rate enters in negative territory.
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In February of 2014, Ireland’s jobless rate continued its downward trend and fell to 11.9 percent, down from a revised 12 percent in the previous month.
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Irish Trade Surplus Narrows 12.5% in 2013  
In 2013, Irish trade surplus decreased to € 37.25 billion, down from € 42.54 billion in 2012, hurt by lower exports of medical and pharmaceutical products and a fall in petroleum sales. This is the lowest annual trade surplus since 2008.
Irish Unemployment Down to 12.3% in January  
In January of 2014, Irish jobless rate declined for the eight straight month to 12.3 percent, from 12.4 percent in December last year. A year earlier, unemployment reached 13.8 percent.
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