🇮🇪 Ireland
Public Sector Debt · 2026
Total Debt
39.7%
of GDP
Global Rank
#153
of 192
S&P Rating
AA
Credit rating
SOE Debt
+1.4%
3 categories
5yr Change
-24pp
improving
Where the Debt Sits
Central Government
Central Government: 38.3%Energy SOEs: 1.3%Infrastructure: 0.1%Public Corps: 0.0%
Who Holds This Debt
Holder Breakdown
Domestic 38%
Foreign 62%
Domestic: 38%Foreign: 62%
Currency Denomination
Local 100%
Local currency: 100%Foreign currency: 0%
Full Debt Breakdown
Central Government38.3% of GDP
Central GovernmentEurostat — Government Debt (Maastricht)
38.3%Energy SOEs1.3% of GDP
ESB (Electricity Supply Board)ESB FY2024 Annual ResultsNet debt €6.7B; total borrowings €7.5B; projected to rise to ~€10B by 2028
1.3%Infrastructure SOEs0.1% of GDP
CIÉ Group (Bus Éireann, Dublin Bus, Iarnród Éireann)CIÉ Annual Report 2023Pension deficit €371M; operational borrowings modest vs GDP
0.1%Public Corporations0.0% of GDP
An PostAn Post Annual Report (est.)Small state postal company; negligible external debt relative to GDP
0.0%Total Corporate Debt94.0% of GDP
Nonfinancial corporate debtBIS/FRED Q3 2025
94.0%Household Debt23.9% of GDP
Household debtBIS/FRED Q3 2025
23.9%Unfunded Pension Liabilities70.0% of GDP
Public pension unfunded (net of funded)Eurostat Table 29 (2021)Total entitlements ~150% GDP. Large funded occupational pensions (~80% GDP). Net unfunded ~70%. Flat-rate state pension.
70.0%All Layers Total227.6%
Credit Ratings
S&P
AA
Moody's
A1
Fitch
A+
Data Sources
Eurostat — Government Debt (Maastricht)general_government · Updated semi_annual
Dec 202438.3% GDP
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