household debts in Ireland

Gross debt in Ireland

The government gross debt refers to the total of all sums of money that have to be paid to other countries, communities or institutions. Not included in the gross debt are the demands of a country to foreign ones.

The gross debt in Ireland in the period from 1998 to 2021 was between 36.5 billion and 286.0 billion USD. The hightest level within the past 23 years was reached in 2013. However, the liabilities in 2021 have been only 279 billion USD The budget deficit in the same year was 9.6 billion USD.

Based on the number of inhabitants, this is a debt of 55,421 USD per person. For comparison, the average debt per person in the same year in the European Union was 33,695 USD.

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Gross debt of the last 23 years in billion USD

YearIreland totalIreland per capitaEU per capita
199846.77 bn USD12,598 USD14,079 USD
199946.74 bn USD12,448 USD14,032 USD
200036.48 bn USD9,586 USD11,232 USD
200136.69 bn USD9,490 USD11,255 USD
200239.70 bn USD10,098 USD12,258 USD
200349.10 bn USD12,287 USD15,286 USD
200454.59 bn USD13,413 USD17,595 USD
200555.20 bn USD13,270 USD18,327 USD
200654.90 bn USD12,846 USD18,877 USD
200764.66 bn USD14,700 USD20,898 USD
2008117.11 bn USD26,084 USD24,086 USD
2009146.02 bn USD32,195 USD25,361 USD
2010191.21 bn USD41,930 USD26,496 USD
2011264.10 bn USD57,663 USD29,231 USD
2012269.85 bn USD58,670 USD28,174 USD
2013286.02 bn USD61,858 USD29,981 USD
2014270.20 bn USD58,011 USD30,648 USD
2015223.76 bn USD47,589 USD25,918 USD
2016222.08 bn USD46,702 USD26,261 USD
2017227.38 bn USD47,297 USD27,024 USD
2018243.11 bn USD49,947 USD28,448 USD
2019228.36 bn USD46,280 USD27,168 USD
2020248.86 bn USD49,918 USD30,783 USD
2021278.94 bn USD55,421 USD33,695 USD

Comparison of gross debt per capita with the European Union in U.S. dollars

      Ireland       European Union

Budget deficit in Ireland

household debts in IrelandThe budget deficit of a country is the result of all its claims and liabilities. This includes incomes and expenses, repayments and building of new debts in other countries, but also domestic positions of the government, such as social insurance, local authorities and communities. It is the financial balance of the economic accounts. In simple terms: If a country at the end of the year has more money than at at the beginning, it is a surplus. If it is less, it is called a deficit.

The budget balance in Ireland in the period between 1998 and 2021 varied between -71.28 billion euros and +6.56 billion euros. In 2021, Ireland reached a balance of -9.59 billion euros.

In ratio to population, this equals a new indebtedness of 1,906 euros per capita in Ireland in 2021. For comparison, the average debt per capita in the European Union in the same year was 1,787 euros.

Budget deficit and surplus in the last 23 years

YearIreland totalIreland per capitaEU per capita
19982.08 bn USD559 USD-398 USD
19992.62 bn USD699 USD-204 USD
20004.61 bn USD1,210 USD112 USD
20010.95 bn USD247 USD-299 USD
2002-0.49 bn USD-125 USD-565 USD
20030.65 bn USD163 USD-840 USD
20042.59 bn USD636 USD-920 USD
20053.40 bn USD818 USD-822 USD
20066.56 bn USD1,534 USD-568 USD
20070.71 bn USD161 USD-360 USD
2008-19.37 bn USD-4,314 USD-1,085 USD
2009-32.80 bn USD-7,232 USD-2,021 USD
2010-71.28 bn USD-15,630 USD-1,970 USD
2011-32.61 bn USD-7,120 USD-1,462 USD
2012-19.15 bn USD-4,164 USD-1,220 USD
2013-15.29 bn USD-3,306 USD-1,027 USD
2014-9.41 bn USD-2,021 USD-852 USD
2015-5.97 bn USD-1,270 USD-577 USD
2016-2.31 bn USD-485 USD-423 USD
2017-0.99 bn USD-205 USD-263 USD
20180.56 bn USD114 USD-139 USD
20191.93 bn USD391 USD-197 USD
2020-21.85 bn USD-4,383 USD-2,312 USD
2021-9.59 bn USD-1,906 USD-1,787 USD

(negative numbers = deficit)
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