Ireland: Net errors and omissions
* indicates monthly or quarterly data series
| Ireland |
Balance of payments, net errors and omissions |
|---|---|
| Latest value | 2,569.88 |
| Year | 2024 |
| Measure | million USD |
| Data availability | 2005 - 2024 |
| Average | -1,540.18 |
| Min - Max | -16,476.62 - 8,664.07 |
| Source | The World Bank |
| Available for | Data download |
The latest value from 2024 is 2569.88 million USD, a decline from 6389.64 million USD in 2023. In comparison, the world average is -44.15 million USD, based on data from 159 countries. Historically, the average for Ireland from 2005 to 2024 is -1540.18 million USD. The minimum value, -16476.62 million USD, was reached in 2011 while the maximum of 8664.07 million USD was recorded in 2009.
See the global rankings for that indicator or
use the country comparator to compare trends over time.
Select indicator
* indicates monthly or quarterly data series
| Recent values | Ireland: Net errors and omissions |
|---|---|
| 2024 | 2,569.88 |
| 2023 | 6,389.64 |
| 2022 | -1,517.20 |
| 2021 | -5,093.90 |
| 2020 | -4,309.46 |
| 2019 | 3,168.24 |
| 2018 | -889.24 |
| 2017 | 54.21 |
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. 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.
Other resources:
Download data from our database
All indicators for Ireland
All indicators on the website
Article: Are trade deficits bad for the economy?
Article: Sources of economic growth
Article: Currency values and investment returns
All articles
| Related indicators | Latest | Reference | Measure |
|---|---|---|---|
| Terms of trade | 67.60 | 2024 | percent |
| Trade openness | 239.96 | 2025 | percent |
| Financial openness | 2.290 | 2022 | index points |
| Exports, percent of GDP | 140.07 | 2025 | percent |
| Exports, billion dollars | 1,010.86 | 2025 | billion U.S. dollars |
| Growth of exports | 9.71 | 2025 | percent |
| Imports, percent of GDP | 99.89 | 2025 | percent |
| Imports, billion dollars | 720.92 | 2025 | billion U.S. dollars |
| Foreign Direct Investment, percent of GDP | 0.79 | 2024 | percent |
| Foreign Direct Investment, billion dollars | 4.82 | 2024 | billion U.S. dollars |
| Portfolio investment inflows, equities | 382,049.65 | 2024 | million dollars (current) |
| Current account, percent of GDP | 17.40 | 2024 | percent |
| Current account, in dollars | 105.99 | 2024 | billion U.S. dollars |
| Current Account, quarterly | 13.61 | 3/2026 | percent |
| Trade balance, percent of GDP | 40.17 | 2025 | percent |
| Trade balance, in dollars | 250.37 | 2024 | billion U.S. dollars |
| Reserves | 13.66 | 2025 | billion U.S. dollars |
| Remittances, percent of GDP | 0.11 | 2024 | percent |
| Remittances | 656.41 | 2024 | million U.S. dollars |
| Net errors and omissions | 2,569.88 | 2024 | million USD |
| External debt | 522.34 | 2024 | percent |
| Short-term external debt | 40.01 | 2024 | percent |
| Short-term debt to reserves | 10,022.00 | 2024 | percent |