Libya vs Portugal: Net errors and omissions
Net errors and omissions over time
- Libya
- Portugal
How they compare
Portugal currently reports 775.24 million BoP, current US$ against 711.10 million BoP, current US$ in Libya, a difference of 64.14 million BoP, current US$.
That makes Portugal's figure about 1.1 times Libya's.
The two have swapped places 20 times across 47 shared years of data; in 1977 it was Libya ahead.
Libya ranks 38th and Portugal ranks 36th of 197 countries.
Across the 6 decades both report, Libya averaged higher in 3 and Portugal in 3.
Head to head by decade
| Decade | Libya | Portugal | Difference | Ahead |
|---|---|---|---|---|
| 1970s | -54.50 million BoP, current US$ | 78.69 million BoP, current US$ | 133.19 million BoP, current US$ | Portugal |
| 1980s | -439,300 BoP, current US$ | 569.55 million BoP, current US$ | 569.98 million BoP, current US$ | Portugal |
| 1990s | 109.04 million BoP, current US$ | -58.60 million BoP, current US$ | 167.64 million BoP, current US$ | Libya |
| 2000s | 341.55 million BoP, current US$ | -97.99 million BoP, current US$ | 439.54 million BoP, current US$ | Libya |
| 2010s | -975.10 million BoP, current US$ | 69.07 million BoP, current US$ | 1.04 billion BoP, current US$ | Portugal |
| 2020s | 778.62 million BoP, current US$ | 382.01 million BoP, current US$ | 396.61 million BoP, current US$ | Libya |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher net errors and omissions, Libya or Portugal?
- Portugal, at 775.24 million BoP, current US$ against 711.10 million BoP, current US$ in Libya as of 2024.
- What is the difference in net errors and omissions between Libya and Portugal?
- 64.14 million BoP, current US$, with Portugal ahead.
- How many years of comparable data are there for Libya and Portugal?
- 47 years are reported by both, from 1977 to 2023.
- How do Libya and Portugal rank globally for net errors and omissions?
- Libya ranks 38th and Portugal ranks 36th of 197 countries.
- Where does this data come from?
- Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as Net errors and omissions (BoP, current US$). Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
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.