Ireland - Current Account Balance 1998

Current account balance as % of GDP · World Bank
0.36% −1.99% from 1997 Global rank: 142nd

Ireland's current account balance was 0.36% in 1998, decreased +1.99% from 2.35% in 1997. This was the 142nd highest globally.

Global Ranking - 1998
Current Account Balance by Country - 1998
RankCountryValueYoY
1st Eritrea -39.27% -676.2%
2nd Turkmenistan -35.04% -51.0%
3rd Azerbaijan -30.69% -44.7%
4th Lebanon -29.92% 7.7%
5th Angola -28.70% -300.9%
6th West Bank and Gaza -25.53% 18.8%
7th Qatar -25.46% 17.5%
8th Micronesia, Federated States of -25.16% 19.2%
9th St. Vincent and the Grenadines -24.70% -6.6%
10th Kyrgyz Republic -22.11% -182.3%
11th Armenia -21.98% -13.8%
12th Lesotho -21.89% 20.6%
13th Oman -19.72% -1,732.5%
14th Moldova -19.70% -38.2%
15th Kenya -18.68% -5,514.4%
16th Grenada -18.28% -3.8%
17th Seychelles -16.42% -39.8%
18th Zambia -16.12% -281.2%
19th Nicaragua -14.81% 22.7%
20th Bahamas, The -14.57% -171.9%
21st São Tomé and Principe -14.50% 1.1%
22nd Mozambique -13.94% -55.3%
23rd Gabon -13.28% -241.8%
24th Congo, Republic of -12.34% -103.4%
25th St. Kitts and Nevis -12.08% 25.1%
26th Suriname -11.54% -65.7%
27th Lithuania -11.50% -19.0%
28th Cabo Verde -11.21% -129.7%
29th Marshall Islands -11.17% 8.9%
30th Bahrain -11.06% -2,616.6%
31st Trinidad and Tobago -10.65% -1.3%
32nd Latvia -9.31% -71.4%
33rd Panama -9.10% -102.1%
34th Saudi Arabia -8.95% -4,962.5%
35th Tonga -8.59% -1,116.4%
36th Sudan -8.50% 20.7%
37th Estonia -8.43% 22.7%
38th Bosnia and Herzegovina -8.38% -
39th Bolivia, Plurinational State of -7.84% -12.2%
40th Guyana -7.75% -50.9%
41st Myanmar -7.65% 12.3%
42nd Georgia -7.63% 40.0%
43rd Hungary -7.63% -88.3%
44th Ecuador -7.50% -324.4%
45th North Macedonia -7.44% 1.7%
46th Tajikistan -7.32% -82.4%
47th Dominica -7.15% 48.7%
48th Slovak Republic -7.09% 19.0%
49th Iceland -7.01% -212.6%
50th Romania -7.00% -30.8%
51st Ghana -6.97% -193.1%
52nd St. Lucia -6.86% 29.8%
53rd Comoros -6.85% -10.2%
54th Portugal -6.76% -10.7%
55th Mongolia -6.72% -207.1%
56th Belarus -6.68% -9.5%
57th Burkina Faso -6.61% 18.3%
58th Madagascar -6.57% -38.9%
59th Belize -6.44% -76.1%
60th Togo -6.25% -33.3%
61st Central African Republic -6.09% -141.4%
62nd Peru -6.01% -0.5%
63rd Chad -6.00% 30.0%
64th Lao PDR -5.98% -4.1%
65th Antigua and Barbuda -5.92% 8.2%
66th Eswatini -5.92% -4,010.3%
67th Malta -5.81% -110.6%
68th Tanzania -5.79% -23.9%
69th Niger -5.76% 0.9%
70th Cambodia -5.56% -527.6%
71st Kazakhstan -5.53% -53.5%
72nd Uganda -5.52% -47.1%
73rd Burundi -5.44% -1,104.0%
74th Benin -5.40% -8.7%
75th Guatemala -5.36% -43.6%
76th Mali -5.35% 4.7%
77th Croatia -5.29% 53.0%
78th Yemen, Republic of -5.03% -1,668.2%
79th Sierra Leone -4.94% -77.9%
80th Colombia -4.93% -9.4%
81st Argentina -4.84% -29.1%
82nd Chile -4.78% -15.3%
83rd Australia -4.44% -51.8%
84th Brazil -4.05% -11.4%
85th Maldives -4.05% 23.9%
86th Viet Nam -3.95% 11.8%
87th Poland -3.94% -8.3%
88th Costa Rica -3.81% -4.5%
89th Senegal -3.80% 17.5%
90th Jamaica -3.80% 1.5%
91st Barbados -3.77% -183.6%
92nd Fiji -3.62% -36.8%
93rd Pakistan -3.61% -2.3%
94th Rwanda -3.61% -24.3%
95th Guinea-Bissau -3.56% 24.0%
96th Tunisia -3.10% 0.4%
97th Ukraine -3.09% -20.2%
98th Egypt, Arab Republic of -3.02% -2,130.1%
99th Guinea -2.95% 36.0%
100th Mexico -2.87% -96.0%
101st New Zealand -2.78% 46.5%
102nd Greece -2.71% 29.3%
103rd Albania -2.50% 81.1%
104th Honduras -2.40% 19.0%
105th United States -2.37% -44.6%
106th Serbia -2.35% 48.4%
107th Congo, Democratic Republic of -2.02% -190.8%
108th Czechia -1.95% 65.9%
109th Iran, Islamic Republic of -1.94% -296.9%
110th Uruguay -1.87% -56.2%
111th Austria -1.86% 27.2%
112th Algeria -1.74% -126.4%
113th Israel -1.67% 51.5%
114th Côte d'Ivoire -1.67% -74.3%
115th India -1.64% -23.8%
116th Dominican Republic -1.56% -91.8%
117th Sri Lanka -1.44% 49.5%
118th South Africa -1.44% -9.4%
119th Canada -1.42% -6.2%
120th Nepal -1.38% -121.7%
121st Cameroon -1.33% 74.0%
122nd Spain -1.17% -75.7%
123rd Denmark -1.14% -186.3%
124th Aruba -1.13% 91.2%
125th Gambia, The -1.00% -102.6%
126th Zimbabwe -0.89% 83.0%
127th El Salvador -0.83% 13.3%
128th Libya -0.77% -164.7%
129th Nigeria -0.55% -366.2%
130th Uzbekistan -0.54% 82.9%
131st Slovenia -0.54% -591.6%
132nd Germany -0.47% -38.0%
133rd Bulgaria -0.41% -103.0%
134th United Kingdom -0.32% -126.8%
135th Morocco -0.31% 83.7%
136th Malawi -0.17% 96.0%
137th Bangladesh -0.07% 95.1%
138th Norway 0.00% -99.9%
139th Russian Federation 0.03% 113.6%
140th Mauritius 0.08% 103.8%
141st Jordan 0.18% -55.1%
142nd Ireland 0.36% -84.5%
143rd Syrian Arab Republic 0.38% -84.6%
144th Türkiye 0.72% 172.0%
145th Haiti 0.77% 192.9%
146th Papua New Guinea 1.25% 119.9%
147th Paraguay 1.42% 125.9%
148th Italy 1.58% -39.1%
149th Hong Kong SAR, China 1.70% 139.0%
150th Solomon Islands 1.77% 145.0%
151st Philippines 2.08% 144.9%
152nd Vanuatu 2.20% 541.8%
153rd France 2.52% -20.2%
154th Japan 2.80% 32.2%
155th Cyprus 2.84% 164.9%
156th Netherlands 2.97% -50.5%
157th China 3.03% -20.5%
158th Sweden 3.52% -7.1%
159th Botswana 3.54% -75.4%
160th Mauritania 3.80% 347.8%
161st United Arab Emirates 3.94% -65.0%
162nd Namibia 4.18% 90.1%
163rd Indonesia 4.29% 394.4%
164th Belgium 5.12% -6.4%
165th Finland 5.48% 15.2%
166th Samoa 7.46% 337.5%
167th Switzerland 8.30% -1.5%
168th Djibouti 8.53% -76.2%
169th Kuwait 8.54% -67.1%
170th Luxembourg 8.56% -14.3%
171st Bhutan 9.73% 93.1%
172nd Korea 10.10% 651.1%
173rd Thailand 12.53% 722.7%
174th Malaysia 13.20% 342.8%
175th Brunei Darussalam 14.04% -18.4%
176th Faroe Islands 20.27% -
177th Kiribati 21.33% 311.3%
178th Singapore 21.79% 40.0%

FAQ

What was Ireland's current account balance in 1998?

Ireland's current account balance in 1998 was 0.36%. This ranked 142nd globally.

How did Ireland's current account balance change in 1998?

Ireland's current account balance decreased by 84.5% in 1998 compared to 1997.

Which country had the highest current account balance in 1998?

Singapore had the highest current account balance in 1998 at 21.79%.

What is the current account balance of Ireland in 1998?

The current account balance of Ireland in 1998 was 0.36%. This ranked 142nd globally.

How does 1998 compare to 1997 for Ireland's current account balance?

Ireland's current account balance went from 2.35% in 1997 to 0.36% in 1998, a 84.5% decrease.

HistorySaid - pattern alert

Ireland matched the Export Boom Cycle pattern in 1998. Historically: 768 occurrences, 546 successful (71%). Outcome 24 months later: 9.4%. View full analysis →