Net errors and omissions in Guyana
Guyana: Net errors and omissions was -791.79 million BoP, current US$ in 2023. ◆ Volatile
Net errors and omissions in Guyana, 1977–2023
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in BoP, current US$.
Analysis
The most recent figure for net errors and omissions in Guyana is -791.79 million BoP, current US$, measured in 2023. That is the lowest value across all 41 years on record.
The figure is down 26.4% on the previous year and down 522.1% over ten years.
Over the whole period, net errors and omissions in Guyana peaked at 595.20 million BoP, current US$ in 1996 and was at its lowest, -791.79 million BoP, current US$, in 2023.
That places Guyana 157th out of 198 countries with data for 2023, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 7.63 million BoP, current US$ | -8.04 million BoP, current US$ | 21.37 million BoP, current US$ | 3 |
| 1980s | 12.50 million BoP, current US$ | -12.17 million BoP, current US$ | 58.07 million BoP, current US$ | 6 |
| 1990s | 61.69 million BoP, current US$ | -60.50 million BoP, current US$ | 595.20 million BoP, current US$ | 8 |
| 2000s | -58.97 million BoP, current US$ | -167.91 million BoP, current US$ | -510,000 BoP, current US$ | 10 |
| 2010s | -72.17 million BoP, current US$ | -224.81 million BoP, current US$ | 187.57 million BoP, current US$ | 10 |
| 2020s | -581.45 million BoP, current US$ | -791.79 million BoP, current US$ | -347.67 million BoP, current US$ | 4 |
Countries ranked near Guyana
- 154 Trinidad and Tobago -563.94 million BoP, current US$ compare
- 155 Serbia -564.11 million BoP, current US$ compare
- 156 Dominican Republic -738.20 million BoP, current US$ compare
- 158 Liberia -860.70 million BoP, current US$ compare
- 159 Djibouti -872.54 million BoP, current US$ compare
- 160 Oman -1.01 billion BoP, current US$ compare
More economy & growth data for Guyana
- Gross capital formation 32.3% (2005)
- Gross fixed capital formation 266.72 million current US$ (2005)
- Gross fixed capital formation 53.31 billion current LCU (2005)
- Gross fixed capital formation 32.3% (2005)
- Changes in inventories 0 current US$ (2005)
- Changes in inventories 0 current LCU (2005)
- Gross capital formation 266.72 million current US$ (2005)
- Gross capital formation 53.31 billion current LCU (2005)
- External balance on goods and services -41.39 billion current LCU (2005)
- External balance on goods and services -207.09 million current US$ (2005)
Frequently asked questions
- What is net errors and omissions in Guyana?
- Net errors and omissions in Guyana was -791.79 million BoP, current US$ in 2023, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest net errors and omissions recorded in Guyana?
- The highest recorded value was 595.20 million BoP, current US$ in 1996.
- What is the lowest net errors and omissions recorded in Guyana?
- The lowest recorded value was -791.79 million BoP, current US$ in 2023.
- How does Guyana rank for net errors and omissions?
- Guyana ranks 157th out of 198 countries with data for 2023.
- Is net errors and omissions rising or falling in Guyana?
- Over the last ten years it is down 522.1%. The long-run trend across the full record is volatile.
- Where does this Guyana 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.