Net errors and omissions in Portugal
Portugal: Net errors and omissions was 775.24 million BoP, current US$ in 2024. ◆ Volatile
Latest (2024)
775.24 million BoP, current US$
Change on year
up 151.6%
World rank
36th
of 199 countries
All-time high
1.89 billion BoP, current US$
in 1991
All-time low
-3.19 billion BoP, current US$
in 1995
Years of data
50
1975–2024
Net errors and omissions in Portugal, 1975–2024
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in BoP, current US$.
Analysis
In 2024, net errors and omissions in Portugal stood at 775.24 million BoP, current US$.
The figure is up 151.6% on the previous year and up 216.2% over ten years.
Over the whole period, net errors and omissions in Portugal peaked at 1.89 billion BoP, current US$ in 1991 and was at its lowest, -3.19 billion BoP, current US$, in 1995.
Portugal ranks 36th of 199 countries on this measure, in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Net errors and omissions in Portugal, year by year
| Year | BoP, current US$ | Change |
|---|---|---|
| 1975 | -153.14 million BoP, current US$ | — |
| 1976 | 79.30 million BoP, current US$ | -151.8% |
| 1977 | -68.88 million BoP, current US$ | -186.9% |
| 1978 | -294.05 million BoP, current US$ | +326.9% |
| 1979 | 599.00 million BoP, current US$ | -303.7% |
| 1980 | 1.22 billion BoP, current US$ | +103.3% |
| 1981 | 1.70 billion BoP, current US$ | +40.0% |
| 1982 | 114.74 million BoP, current US$ | -93.3% |
| 1983 | -338,028 BoP, current US$ | -100.3% |
| 1984 | -33.77 million BoP, current US$ | +9889.5% |
| 1985 | -253.53 million BoP, current US$ | +650.8% |
| 1986 | 155.73 million BoP, current US$ | -161.4% |
| 1987 | 651.44 million BoP, current US$ | +318.3% |
| 1988 | 1.64 billion BoP, current US$ | +152.2% |
| 1989 | 495.87 million BoP, current US$ | -69.8% |
| 1990 | 1.16 billion BoP, current US$ | +133.9% |
| 1991 | 1.89 billion BoP, current US$ | +63.0% |
| 1992 | 977.67 million BoP, current US$ | -48.3% |
| 1993 | -48.83 million BoP, current US$ | -105.0% |
| 1994 | -284.65 million BoP, current US$ | +483.0% |
| 1995 | -3.19 billion BoP, current US$ | +1020.3% |
| 1996 | -1.12 billion BoP, current US$ | -64.9% |
| 1997 | -533.50 million BoP, current US$ | -52.3% |
| 1998 | 696.85 million BoP, current US$ | -230.6% |
| 1999 | -135.47 million BoP, current US$ | -119.4% |
| 2000 | -396.50 million BoP, current US$ | +192.7% |
| 2001 | -242.42 million BoP, current US$ | -38.9% |
| 2002 | 70.54 million BoP, current US$ | -129.1% |
| 2003 | 118.53 million BoP, current US$ | +68.0% |
| 2004 | 604.26 million BoP, current US$ | +409.8% |
| 2005 | -423.48 million BoP, current US$ | -170.1% |
| 2006 | -458.33 million BoP, current US$ | +8.2% |
| 2007 | -200.40 million BoP, current US$ | -56.3% |
| 2008 | 124.88 million BoP, current US$ | -162.3% |
| 2009 | -176.95 million BoP, current US$ | -241.7% |
| 2010 | 145.92 million BoP, current US$ | -182.5% |
| 2011 | -196.48 million BoP, current US$ | -234.6% |
| 2012 | 124.12 million BoP, current US$ | -163.2% |
| 2013 | 65.82 million BoP, current US$ | -47.0% |
| 2014 | 245.18 million BoP, current US$ | +272.5% |
| 2015 | -163.71 million BoP, current US$ | -166.8% |
| 2016 | -321.23 million BoP, current US$ | +96.2% |
| 2017 | 74.05 million BoP, current US$ | -123.1% |
| 2018 | 312.92 million BoP, current US$ | +322.6% |
| 2019 | 404.15 million BoP, current US$ | +29.2% |
| 2020 | 351.79 million BoP, current US$ | -13.0% |
| 2021 | 585.48 million BoP, current US$ | +66.4% |
| 2022 | 282.65 million BoP, current US$ | -51.7% |
| 2023 | 308.14 million BoP, current US$ | +9.0% |
| 2024 | 775.24 million BoP, current US$ | +151.6% |
Portugal compared with similar countries
- Portugal's 775.24 million BoP, current US$ is above the median for high income countries, which is -132.48 million BoP, current US$. (71 countries reporting)
- Portugal's 775.24 million BoP, current US$ is above the median for Europe & Central Asia, which is 27.46 million BoP, current US$, 28.2× the median. (50 countries reporting)
Biggest year-on-year movements
Years where Net errors and omissions in Portugal changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1984 | -9889.5% | -338,028 BoP, current US$ | -33.77 million BoP, current US$ |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 32.45 million BoP, current US$ | -294.05 million BoP, current US$ | 599.00 million BoP, current US$ | 5 |
| 1980s | 569.55 million BoP, current US$ | -253.53 million BoP, current US$ | 1.70 billion BoP, current US$ | 10 |
| 1990s | -58.60 million BoP, current US$ | -3.19 billion BoP, current US$ | 1.89 billion BoP, current US$ | 10 |
| 2000s | -97.99 million BoP, current US$ | -458.33 million BoP, current US$ | 604.26 million BoP, current US$ | 10 |
| 2010s | 69.07 million BoP, current US$ | -321.23 million BoP, current US$ | 404.15 million BoP, current US$ | 10 |
| 2020s | 460.66 million BoP, current US$ | 282.65 million BoP, current US$ | 775.24 million BoP, current US$ | 5 |
Countries ranked near Portugal
- 33 Suriname 809.72 million BoP, current US$ compare
- 34 Kenya 783.47 million BoP, current US$ compare
- 35 Democratic Republic of Congo 778.40 million BoP, current US$ compare
- 37 Haiti 752.16 million BoP, current US$ compare
- 38 Libya 711.10 million BoP, current US$ compare
- 39 Uganda 608.51 million BoP, current US$ compare
More economy & growth data for Portugal
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 2.18 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 1.9 Percent per annum (2029)
- Foreign direct investment, net outflows (BoP, current US$), gaps 6.84 billion BoP, current US$ (2024)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0218 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net outflows (BoP, current US$), per capita 639.78 BoP, current US$ per person (2024)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 13.49 billion BoP, current US$ (2024)
- Foreign direct investment, net inflows (BoP, current US$), annual 16.41 % change on previous year (2024)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.043 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net inflows (BoP, current US$), per capita 1,261 BoP, current US$ per person (2024)
- Total reserves (includes gold, current US$), annual growth rate 62.23 % change on previous year (2025)
Frequently asked questions
- What is net errors and omissions in Portugal?
- Net errors and omissions in Portugal was 775.24 million BoP, current US$ 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 Portugal?
- The highest recorded value was 1.89 billion BoP, current US$ in 1991.
- What is the lowest net errors and omissions recorded in Portugal?
- The lowest recorded value was -3.19 billion BoP, current US$ in 1995.
- How does Portugal rank for net errors and omissions?
- Portugal ranks 36th out of 199 countries with data for 2024.
- Is net errors and omissions rising or falling in Portugal?
- Over the last ten years it is up 216.2%. The long-run trend across the full record is volatile.
- Where does this Portugal 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
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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.