Net errors and omissions in Ireland
Ireland: Net errors and omissions was 2.57 billion BoP, current US$ in 2024. ◆ Volatile
Net errors and omissions in Ireland, 2005–2024
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in BoP, current US$.
Analysis
Ireland recorded 2.57 billion BoP, current US$ for net errors and omissions in 2024.
That represents a change of down 59.8% on the previous year and up 149.2% over ten years.
Over the whole period, net errors and omissions in Ireland peaked at 8.66 billion BoP, current US$ in 2009 and was at its lowest, -16.48 billion BoP, current US$, in 2011.
Ireland ranks 18th of 198 countries on this measure, in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 836.04 million BoP, current US$ | -10.07 billion BoP, current US$ | 8.66 billion BoP, current US$ | 5 |
| 2010s | -3.30 billion BoP, current US$ | -16.48 billion BoP, current US$ | 3.30 billion BoP, current US$ | 10 |
| 2020s | -392.21 million BoP, current US$ | -5.09 billion BoP, current US$ | 6.39 billion BoP, current US$ | 5 |
Countries ranked near Ireland
More economy & growth data for Ireland
- Exports of goods and services 9.7% (2025)
- Gross national expenditure 379.31 billion current LCU (2025)
- Gross national expenditure 318.53 billion constant 2015 US$ (2025)
- Industry (including construction), value added 37.8% (2025)
- Gross national expenditure 59.4% (2025)
- Exports of goods and services 1.01 trillion current US$ (2025)
- Exports of goods and services 894.58 billion current LCU (2025)
- Exports of goods and services 857.86 billion constant 2015 US$ (2025)
- Gross fixed capital formation 42.6% (2025)
- Gross fixed capital formation 115.27 billion constant 2015 US$ (2025)
Frequently asked questions
- What is net errors and omissions in Ireland?
- Net errors and omissions in Ireland was 2.57 billion BoP, current US$ in 2024, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest net errors and omissions recorded in Ireland?
- The highest recorded value was 8.66 billion BoP, current US$ in 2009.
- What is the lowest net errors and omissions recorded in Ireland?
- The lowest recorded value was -16.48 billion BoP, current US$ in 2011.
- How does Ireland rank for net errors and omissions?
- Ireland ranks 18th out of 198 countries with data for 2024.
- Is net errors and omissions rising or falling in Ireland?
- Over the last ten years it is up 149.2%. The long-run trend across the full record is volatile.
- Where does this Ireland data come from?
- The figures come from Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Net errors and omissions (BoP, current US$). Statizoid updates them automatically from the source API.
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About this data
Net errors and omissions constitute a residual category needed to ensure that accounts in the balance of payments statement sum to zero. Net errors and omissions are derived as the balance on the financial account minus the balances on the current and capital accounts. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.