Ireland's net secondary income (net current transfers from abroad) (current LCU) was -4.31 billion in 2024, the latest year in the World Bank's World Development Indicators. That is down 57.31% from -2.74 billion in 2014.
Key figures
| Value | Year | |
|---|---|---|
| Latest | -4.31 billion | 2024 |
| Five years earlier | -3.5 billion | 2019 |
| Ten years earlier | -2.74 billion | 2014 |
| Highest | 383.34 million | 1995 |
| Lowest | -4.77 billion | 2022 |
| Average since 2015 | -3.92 billion | 2015–2024 |
| First recorded | 383.34 million |
What the numbers say
In 2024, Ireland's net secondary income (net current transfers from abroad) (current LCU) rose 319.81 million on 2023 (from -4.63 billion to -4.31 billion).
Across the 28 yearly changes before that (1996 to 2023), the average change was −178.9 million and a typical year strayed about 309.36 million from that (the standard deviation). This year's change was 1.6 standard deviations above that average, so it was larger than a typical year, though not out of the range seen before.
On record, the biggest yearly rise was 661.08 million in 2017 and the biggest yearly fall was 621.34 million in 2001. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.
From 2015 to 2024 the straight-line trend is downward, about 162.76 million a year. A straight line explains 70% of the movement over 10 observed years.
Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.
How it compares
In 2024, Ireland had the 43rd highest value of the 54 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.
Closest to Ireland in the 2024 ranking
What this measures
Net secondary income (from abroad) comprises transfers of income between residents of the reporting country and the rest of the world that carry no provisions for repayment. Net secondary income is equal to the unrequited transfers of income from nonresidents to residents minus the unrequited transfers from residents to nonresidents. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.
All 30 values
| Year | Net secondary income (net current transfers from abroad) (current LCU) |
|---|---|
| 2024 | -4,306,161,000 |
| 2023 | -4,625,966,000 |
| 2022 | -4,769,020,000 |
| 2021 | -4,484,270,000 |
| 2020 | -3,890,770,000 |
| 2019 | -3,497,998,000 |
| 2018 | -3,575,055,000 |
| 2017 | -3,052,216,000 |
| 2016 | -3,713,292,000 |
| 2015 | -3,332,570,000 |
Net secondary income (net current transfers from abroad) (current LCU) in nearby economies
- Albania — 132.86 billion (2025)
- Armenia — 134.65 billion (2025)
- Austria — -3.14 billion (2024)
- Azerbaijan — 1.26 billion (2025)
- Belarus — 3.32 billion (2025)
- Belgium — -10.14 billion (2024)
- Bosnia and Herzegovina — 5.6 billion (2025)
- Bulgaria — 1.33 billion (2025)
- Croatia
More economic policy & debt data for Ireland
- Total reserves, including gold (current US$) — US$13.66 billion (2025)
- Total reserves, excluding gold (current US$) — US$11.97 billion (2025)
- GDP (current US$) — US$721.7 billion (2025)
- GDP (current LCU) — 638.68 billion (2025)
- GDP (constant 2015 US$) — US$572.66 billion (2025)
- GDP (constant LCU) — 535.98 billion (2025)
- GDP per capita (current US$) — US$131,592 (2025)
- GDP per capita (current LCU) — 116,455 (2025)
- GDP per capita (constant 2015 US$) — US$104,417 (2025)
- GDP per capita (constant LCU) — 97,728 (2025)
- GNI (current US$)
Reading data like this
Questions people ask
- What is Ireland's net secondary income (net current transfers from abroad) (current LCU)?
- -4.31 billion in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 1995?
- It is down 1,223% from 383.34 million in 1995. The highest value was 383.34 million in 1995 and the lowest -4.77 billion in 2022.
- How does Ireland rank?
- 43rd highest of 54 economies with data for 2024.
- Is the latest change in net secondary income (net current transfers from abroad) (current LCU) unusual for Ireland?
- In 2024, Ireland's net secondary income (net current transfers from abroad) (current LCU) rose 319.81 million on 2023 (from -4.63 billion to -4.31 billion). Across the 28 yearly changes before that (1996 to 2023), the average change was −178.9 million and a typical year strayed about 309.36 million from that (the standard deviation). This year's change was 1.6 standard deviations above that average, so it was larger than a typical year, though not out of the range seen before.
Source
World Bank, World Development Indicators, indicator NY.TRF.NCTR.CN, licensed CC BY 4.0. Original source: Country official statistics, National Statistical Offices (NSOs); National Accounts data files, Central Banks; Staff estimates, World Bank (WB) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.
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