Net errors and omissions in Iraq
Iraq: Net errors and omissions was -7.66 billion BoP, current US$ in 2024. ◆ Volatile
Net errors and omissions in Iraq, 2005–2024
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in BoP, current US$.
Analysis
In 2024, net errors and omissions in Iraq stood at -7.66 billion BoP, current US$.
That represents a change of down 226.8% on the previous year and up 63.4% over ten years.
Over the whole period, net errors and omissions in Iraq peaked at 579.06 million BoP, current US$ in 2006 and was at its lowest, -20.91 billion BoP, current US$, in 2014.
That places Iraq 186th out of 198 countries with data for 2024, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -3.60 billion BoP, current US$ | -9.24 billion BoP, current US$ | 579.06 million BoP, current US$ | 5 |
| 2010s | -9.02 billion BoP, current US$ | -20.91 billion BoP, current US$ | -2.63 billion BoP, current US$ | 10 |
| 2020s | -2.77 billion BoP, current US$ | -7.66 billion BoP, current US$ | 445.80 million BoP, current US$ | 5 |
Countries ranked near Iraq
- 183 Netherlands -4.18 billion BoP, current US$ compare
- 184 Hungary -6.65 billion BoP, current US$ compare
- 185 Peru -7.49 billion BoP, current US$ compare
- 187 United Kingdom -10.39 billion BoP, current US$ compare
- 188 Turkey -10.89 billion BoP, current US$ compare
- 189 Poland -10.92 billion BoP, current US$ compare
More economy & growth data for Iraq
- Final consumption expenditure 68.6% (2024)
- Manufacturing, value added 5.30 trillion constant LCU (2025)
- Households and NPISHs final consumption expenditure 46.4% (2024)
- Final consumption expenditure 191.81 billion current US$ (2024)
- Final consumption expenditure 249.35 trillion current LCU (2024)
- Final consumption expenditure 176.68 billion constant 2015 US$ (2024)
- Final consumption expenditure 15.3% (2024)
- Manufacturing, value added 11.16 billion constant 2015 US$ (2025)
- Manufacturing, value added 10.17 billion current US$ (2025)
- Gross national expenditure 191.22 billion constant 2015 US$ (2024)
Frequently asked questions
- What is net errors and omissions in Iraq?
- Net errors and omissions in Iraq was -7.66 billion 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 Iraq?
- The highest recorded value was 579.06 million BoP, current US$ in 2006.
- What is the lowest net errors and omissions recorded in Iraq?
- The lowest recorded value was -20.91 billion BoP, current US$ in 2014.
- How does Iraq rank for net errors and omissions?
- Iraq ranks 186th out of 198 countries with data for 2024.
- Is net errors and omissions rising or falling in Iraq?
- Over the last ten years it is up 63.4%. The long-run trend across the full record is volatile.
- Where does this Iraq 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.