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Quarterly International Investment Position and External Debt

The Quarterly report released from the Central Statistics Office today show Ireland’s quarterly international investment position (IIP) results overall stocks of foreign financial assets of €3,124.9bn – an increase of €81.1bn on the end-March 2014 level, while the corresponding stocks of foreign financial liabilities increased by €82.9bn to €3,302.7bn over the quarter.

Irish residents had an overall net foreign liability of €178bn at end-June 2014, an increase of €2bn on the net foreign liability level at end-March 2014. Excluding investment funds, Irish controlled enterprises account for 29% of the remaining external assets and 31% of external liabilities.

Within the commercial financial sector (i.e. MFI and OFI), IFSC enterprises accounted for a very high proportion of the sector’s overall foreign assets and liabilities. IFSC assets abroad increased by €48.9bn to €2,483.8bn at end-June 2014, or 94% of the sector’s foreign assets; IFSC liabilities at €2,517bn, an increase of €69.4bn, represented 96% of the commercial financial sector aggregate liability (and 76% of Ireland’s total foreign liabilities). IFSC enterprises showed a net liability position of €33.1bn

CSO statistical release, 25 September 2014