Net errors and omissions in Bahamas
Bahamas: Net errors and omissions was 147.90 million BoP, current US$ in 2024. ◆ Volatile
Net errors and omissions in Bahamas, 1976–2024
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in BoP, current US$.
Analysis
Bahamas recorded 147.90 million BoP, current US$ for net errors and omissions in 2024.
The figure is up 183.8% on the previous year and down 64.3% over ten years.
Over the whole period, net errors and omissions in Bahamas peaked at 936.84 million BoP, current US$ in 2021 and was at its lowest, -286.34 million BoP, current US$, in 2010.
Bahamas ranks 61st of 198 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | -9.10 million BoP, current US$ | -71.60 million BoP, current US$ | 82.00 million BoP, current US$ | 4 |
| 1980s | 30.87 million BoP, current US$ | -80.11 million BoP, current US$ | 173.00 million BoP, current US$ | 10 |
| 1990s | 18.73 million BoP, current US$ | -226.50 million BoP, current US$ | 296.90 million BoP, current US$ | 10 |
| 2000s | 87.16 million BoP, current US$ | -210.35 million BoP, current US$ | 349.16 million BoP, current US$ | 10 |
| 2010s | 235.26 million BoP, current US$ | -286.34 million BoP, current US$ | 852.07 million BoP, current US$ | 10 |
| 2020s | 171.99 million BoP, current US$ | -176.40 million BoP, current US$ | 936.84 million BoP, current US$ | 5 |
Countries ranked near Bahamas
- 58 Maldives 197.38 million BoP, current US$ compare
- 59 Rwanda 178.66 million BoP, current US$ compare
- 60 Ukraine 159.00 million BoP, current US$ compare
- 62 Mauritania 143.75 million BoP, current US$ compare
- 63 India 127.43 million BoP, current US$ compare
- 64 Estonia 111.97 million BoP, current US$ compare
More economy & growth data for Bahamas
- Services, value added 12.22 billion current US$ (2024)
- Gross national expenditure 14.30 billion constant 2015 US$ (2024)
- Services, value added 12.22 billion current LCU (2024)
- Gross national expenditure 104.0% (2024)
- Exports of goods and services 5.98 billion current US$ (2024)
- Exports of goods and services 5.98 billion current LCU (2024)
- Exports of goods and services 4.81 billion constant 2015 US$ (2024)
- Exports of goods and services 6.2% (2024)
- Industry (including construction), value added 9.6% (2024)
- Gross fixed capital formation 20.7% (2024)
Frequently asked questions
- What is net errors and omissions in Bahamas?
- Net errors and omissions in Bahamas was 147.90 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 Bahamas?
- The highest recorded value was 936.84 million BoP, current US$ in 2021.
- What is the lowest net errors and omissions recorded in Bahamas?
- The lowest recorded value was -286.34 million BoP, current US$ in 2010.
- How does Bahamas rank for net errors and omissions?
- Bahamas ranks 61st out of 198 countries with data for 2024.
- Is net errors and omissions rising or falling in Bahamas?
- Over the last ten years it is down 64.3%. The long-run trend across the full record is volatile.
- Where does this Bahamas 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.