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$, in 2011.
Ireland ranks 18th of 199 countries on this measure, in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Net errors and omissions in Ireland, year by year
| Year | BoP, current US$ | Change |
|---|---|---|
| 2005 | 7.46 billion BoP, current US$ | — |
| 2006 | 1.24 billion BoP, current US$ | -83.4% |
| 2007 | -3.11 billion BoP, current US$ | -350.8% |
| 2008 | -10.07 billion BoP, current US$ | +224.2% |
| 2009 | 8.66 billion BoP, current US$ | -186.0% |
| 2010 | -9.90 billion BoP, current US$ | -214.2% |
| 2011 | -16.48 billion BoP, current US$ | +66.5% |
| 2012 | -5.55 billion BoP, current US$ | -66.3% |
| 2013 | 1.79 billion BoP, current US$ | -132.2% |
| 2014 | -5.22 billion BoP, current US$ | -391.7% |
| 2015 | -3.30 billion BoP, current US$ | -36.7% |
| 2016 | 3.30 billion BoP, current US$ | -200.0% |
| 2017 | 54.21 million BoP, current US$ | -98.4% |
| 2018 | -889.25 million BoP, current US$ | -1740.3% |
| 2019 | 3.17 billion BoP, current US$ | -456.3% |
| 2020 | -4.31 billion BoP, current US$ | -236.0% |
| 2021 | -5.09 billion BoP, current US$ | +18.2% |
| 2022 | -1.52 billion BoP, current US$ | -70.2% |
| 2023 | 6.39 billion BoP, current US$ | -521.1% |
| 2024 | 2.57 billion BoP, current US$ | -59.8% |
Ireland compared with similar countries
- Ireland's 2.57 billion BoP, current US$ is above the median for high income countries, which is -132.48 million BoP, current US$. (71 countries reporting)
- Ireland's 2.57 billion BoP, current US$ is above the median for Europe & Central Asia, which is 27.46 million BoP, current US$, 93.6× the median. (50 countries reporting)
Biggest year-on-year movements
Years where Net errors and omissions in Ireland changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2018 | -1740.3% | 54.21 million BoP, current US$ | -889.25 million BoP, current US$ |
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
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 1.96 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 2.52 Percent per annum (2029)
- Foreign direct investment, net outflows (BoP, current US$), gaps 67.14 billion BoP, current US$ (2024)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.1102 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net outflows (BoP, current US$), per capita 12,444 BoP, current US$ per person (2024)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 4.82 billion BoP, current US$ (2024)
- Foreign direct investment, net inflows (BoP, current US$), annual 103.44 % change on previous year (2024)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0079 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net inflows (BoP, current US$), per capita 893.09 BoP, current US$ per person (2024)
- Total reserves (includes gold, current US$), annual growth rate 7.57 % change on previous year (2025)
Frequently asked questions
- What is net errors and omissions in Ireland?
- Net errors and omissions in Ireland was 2.57 billion BoP, current US$ 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 199 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.