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$, in 2011.
Ireland ranks 18th of 197 regions on this measure, in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 836.04 million BoP, current US$ | -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
- External balance on goods and services as a percent of GDP 40.2% (2025)
- Inflation of consumer prices 2.2% (2025)
- GDP per capita 104,417 constant 2015 US$ (2025)
- Share of manufacturing in gross domestic product (GDP) 33.9% (2025)
- Gross domestic product (GDP) 572.66 billion constant 2015 US$ (2025)
- GDP per capita in international and market dollars 104,417 constant 2015 US$ (2025)
- DEC alternative conversion factor 0.885 LCU per US$ (2025)
- Net secondary income (Net current transfers from abroad) -4.31 billion current LCU (2024)
- Net secondary income (Net current transfers from abroad) -4.66 billion current US$ (2024)
- Taxes less subsidies on products 31.21 billion current LCU (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 197 regions 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.
Download this data
CSV · JSON — 20 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
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.