Net errors and omissions in Lebanon
Lebanon: Net errors and omissions was 1.63 billion BoP, current US$ in 2023. ◆ Volatile
Net errors and omissions in Lebanon, 2002–2023
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in BoP, current US$.
Analysis
In 2023, net errors and omissions in Lebanon stood at 1.63 billion BoP, current US$.
The figure is up 1,769.5% on the previous year and down 46.9% over ten years.
Over the whole period, net errors and omissions in Lebanon peaked at 7.79 billion BoP, current US$ in 2018 and was at its lowest, -8.66 billion BoP, current US$, in 2020.
Lebanon ranks 23rd of 198 countries on this measure, in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -788.02 million BoP, current US$ | -6.00 billion BoP, current US$ | 4.84 billion BoP, current US$ | 8 |
| 2010s | 2.14 billion BoP, current US$ | -2.90 billion BoP, current US$ | 7.79 billion BoP, current US$ | 10 |
| 2020s | -2.46 billion BoP, current US$ | -8.66 billion BoP, current US$ | 1.63 billion BoP, current US$ | 4 |
Countries ranked near Lebanon
More economy & growth data for Lebanon
- Manufacturing, value added 330.05 million current US$ (2021)
- Households and NPISHs final consumption expenditure 129.3% (2024)
- Final consumption expenditure 34.84 billion current US$ (2024)
- Final consumption expenditure 3,118.37 trillion current LCU (2024)
- Final consumption expenditure 37.45 billion constant 2015 US$ (2024)
- Final consumption expenditure -4.0% (2024)
- Manufacturing, value added 3.88 trillion current LCU (2021)
- Final consumption expenditure 134.2% (2024)
- Exports of goods and services 6.06 billion current US$ (2024)
- Gross national expenditure 135.6% (2024)
Frequently asked questions
- What is net errors and omissions in Lebanon?
- Net errors and omissions in Lebanon was 1.63 billion 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 Lebanon?
- The highest recorded value was 7.79 billion BoP, current US$ in 2018.
- What is the lowest net errors and omissions recorded in Lebanon?
- The lowest recorded value was -8.66 billion BoP, current US$ in 2020.
- How does Lebanon rank for net errors and omissions?
- Lebanon ranks 23rd out of 198 countries with data for 2023.
- Is net errors and omissions rising or falling in Lebanon?
- Over the last ten years it is down 46.9%. The long-run trend across the full record is volatile.
- Where does this Lebanon 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.
Download this data
CSV · JSON — 22 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
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.