Net errors and omissions in Turkey
Turkey: Net errors and omissions was -10.89 billion BoP, current US$ in 2024. ◆ Volatile
Net errors and omissions in Turkey, 1974–2024
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in BoP, current US$.
Analysis
The most recent figure for net errors and omissions in Turkey is -10.89 billion BoP, current US$, measured in 2024.
That represents a change of down 11.8% on the previous year and down 47.8% over ten years.
Over the whole period, net errors and omissions in Turkey peaked at 28.82 billion BoP, current US$ in 2022 and was at its lowest, -14.54 billion BoP, current US$, in 2017.
Turkey ranks 187th of 197 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | -368.00 million BoP, current US$ | -874.00 million BoP, current US$ | 651.00 million BoP, current US$ | 6 |
| 1980s | 293.40 million BoP, current US$ | -837.00 million BoP, current US$ | 1.43 billion BoP, current US$ | 10 |
| 1990s | 229.10 million BoP, current US$ | -2.22 billion BoP, current US$ | 2.35 billion BoP, current US$ | 10 |
| 2000s | 495.00 million BoP, current US$ | -2.66 billion BoP, current US$ | 5.58 billion BoP, current US$ | 10 |
| 2010s | -1.30 billion BoP, current US$ | -14.54 billion BoP, current US$ | 15.77 billion BoP, current US$ | 10 |
| 2020s | 2.04 billion BoP, current US$ | -10.89 billion BoP, current US$ | 28.82 billion BoP, current US$ | 5 |
Countries ranked near Turkey
- 184 Peru -7.49 billion BoP, current US$ compare
- 185 Iraq -7.66 billion BoP, current US$ compare
- 186 United Kingdom -10.39 billion BoP, current US$ compare
- 188 Poland -10.92 billion BoP, current US$ compare
- 189 Russia -12.33 billion BoP, current US$ compare
- 190 Japan -13.57 billion BoP, current US$ compare
More economy & growth data for Turkey
- External balance on goods and services as a percent of GDP -0.2% (2025)
- Inflation of consumer prices 34.9% (2025)
- GDP per capita 15,883 constant 2015 US$ (2025)
- Share of manufacturing in gross domestic product (GDP) 16.8% (2024)
- Gross domestic product (GDP) 1.36 trillion constant 2015 US$ (2025)
- GDP per capita in international and market dollars 15,883 constant 2015 US$ (2025)
- DEC alternative conversion factor 39.45 LCU per US$ (2025)
- Net secondary income (Net current transfers from abroad) -21.38 billion current LCU (2025)
- Net secondary income (Net current transfers from abroad) -542.00 million current US$ (2025)
- Taxes less subsidies on products 7.15 trillion current LCU (2025)
Frequently asked questions
- What is net errors and omissions in Turkey?
- Net errors and omissions in Turkey was -10.89 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 Turkey?
- The highest recorded value was 28.82 billion BoP, current US$ in 2022.
- What is the lowest net errors and omissions recorded in Turkey?
- The lowest recorded value was -14.54 billion BoP, current US$ in 2017.
- How does Turkey rank for net errors and omissions?
- Turkey ranks 187th out of 197 countries with data for 2024.
- Is net errors and omissions rising or falling in Turkey?
- Over the last ten years it is down 47.8%. The long-run trend across the full record is volatile.
- Where does this Turkey 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.