Albania: Net errors and omissions

* indicates monthly or quarterly data series
 Albania

Balance of payments, net errors and omissions

 Latest value 163.57
 Year 2023
 Measure million USD
 Data availability 1980 - 2023
 Average 104.55
 Min - Max -202.55 - 434.57
 Source The World Bank
The latest value from 2023 is 163.57 million USD, an increase from 149.18 million USD in 2022. In comparison, the world average is -638.70 million USD, based on data from 148 countries. Historically, the average for Albania from 1980 to 2023 is 104.55 million USD. The minimum value, -202.55 million USD, was reached in 2017 while the maximum of 434.57 million USD was recorded in 2010. See the global rankings for that indicator or use the country comparator to compare trends over time.
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* indicates monthly or quarterly data series


Recent data
Albania - Net errors and omissions - Recent values chart

Historical series
Albania - Net errors and omissions - historical chart - 1980-2023




Definition: 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. Data are in current U.S. dollars.

Selected articles from our guide:

What factors determine the exchange rates

International lending and sovereign debt

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 Related indicators Latest Reference Measure
 Terms of trade 103.72 2021 percent
 Trade openness 82.49 2023 percent
 Financial openness -0.166 2021 index points
 Exports, percent of GDP 39.62 2023 percent
 Exports, billion dollars 9.10 2023 billion U.S. dollars
 Growth of exports 10.12 2023 percent
 Imports, percent of GDP 44.91 2023 percent
 Imports, billion dollars 10.32 2023 billion U.S. dollars
 Foreign Direct Investment, percent of GDP 7.03 2023 percent
 Foreign Direct Investment, billion dollars 1.62 2023 billion U.S. dollars
 Portfolio investment inflows, equities -4.19 2023 million dollars (current)
 Current account, percent of GDP -1.00 2023 percent
 Current account, in dollars -0.28 2023 billion U.S. dollars
 Trade balance, percent of GDP -5.29 2023 percent
 Trade balance, in dollars -1.28 2023 billion U.S. dollars
 Reserves 6.46 2023 billion U.S. dollars
 Remittances, percent of GDP 8.57 2023 percent
 Remittances 1,970.00 2023 million U.S. dollars
 Net errors and omissions 163.57 2023 million USD
 External debt 56.30 2022 percent
 Short-term external debt 11.03 2023 percent
 Short-term debt to reserves 19.42 2023 percent
 Foreign exchange reserves 5.86 9/2024 billion
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