Ireland: Net errors and omissions

* indicates monthly or quarterly data series
 Ireland

Balance of payments, net errors and omissions

 Latest value -8,373.62
 Year 2023
 Measure million USD
 Data availability 2005 - 2023
 Average -1,207.99
 Min - Max -16,476.62 - 10,292.83
 Source The World Bank
For that indicator, we provide data for Ireland from 2005 to 2023. The average value for Ireland during that period was -1207.99 million USD with a minimum of -16476.62 million USD in 2011 and a maximum of 10292.83 million USD in 2019. The latest value from 2023 is -8373.62 million USD. For comparison, the world average in 2023 based on 111 countries is -1826.71 million USD. 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 values chart
Ireland - Net errors and omissions - Recent values chart

Historical chart
Ireland - Net errors and omissions - historical chart - 2005-2023




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.

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 Related indicators Latest value Reference Measure
 Terms of trade 87.94 2021 percent
 Trade openness 234.27 2022 percent
 Financial openness 2.299 2021 index points
 Exports, percent of GDP 137.09 2022 percent
 Exports, billion dollars 731.89 2023 billion U.S. dollars
 Growth of exports 13.92 2022 percent
 Imports, percent of GDP 97.18 2022 percent
 Imports, billion dollars 548.97 2023 billion U.S. dollars
 Foreign Direct Investment, percent of GDP -0.36 2022 percent
 Foreign Direct Investment, billion dollars -1.90 2022 billion U.S. dollars
 Portfolio investment inflows, equities 164,236.59 2023 million dollars (current)
 Current account, percent of GDP 9.90 2023 percent
 Current account, in dollars 54.00 2023 billion U.S. dollars
 Trade balance, percent of GDP 39.91 2022 percent
 Trade balance, in dollars 182.99 2023 billion U.S. dollars
 Reserves 13.04 2022 billion U.S. dollars
 Remittances, percent of GDP 0.08 2022 percent
 Remittances 435.71 2022 million U.S. dollars
 Net errors and omissions -8,373.62 2023 million USD
 Foreign exchange reserves 11.69 9/2023 billion
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