Central Bank of Ireland’s Quarterly Financial Accounts

The strength and resilience of the Irish consumer has shone through once again in the Central Bank of Ireland’s Quarterly Financial Accounts. The accounts show household net worth rose by 9% in the year to Q3 2021 and now equates to €188,457 per capita. In the same period household debt dropped by 2%. As a result, Ireland’s household debt has fallen to 99.7% of disposable income, down from 106% one year ago and below 100% for the first time since the series began in 2002. Ireland’s household debt to disposable income ratio is now the seventh highest across the euro area.