Net errors and omissions in Portugal
Portugal: Net errors and omissions was 775.24 million BoP, current US$ in 2024. ◆ Volatile
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$, in 1995.
Portugal ranks 36th of 197 countries on this measure, in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 32.45 million BoP, current US$ | -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
- External balance on goods and services as a percent of GDP 0.9% (2025)
- Inflation of consumer prices 2.3% (2025)
- GDP per capita 22,851 constant 2015 US$ (2025)
- Share of manufacturing in gross domestic product (GDP) 11.3% (2025)
- Gross domestic product (GDP) 246.90 billion constant 2015 US$ (2025)
- GDP per capita in international and market dollars 22,851 constant 2015 US$ (2025)
- DEC alternative conversion factor 0.885 LCU per US$ (2025)
- Net secondary income (Net current transfers from abroad) 5.45 billion current LCU (2025)
- Net secondary income (Net current transfers from abroad) 6.15 billion current US$ (2025)
- Taxes less subsidies on products 40.57 billion current LCU (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 197 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.
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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.