Net errors and omissions in Mongolia
Mongolia: Net errors and omissions was -393.23 million BoP, current US$ in 2024. ◆ Volatile
Net errors and omissions in Mongolia, 1981–2024
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in BoP, current US$.
Analysis
Mongolia recorded -393.23 million BoP, current US$ for net errors and omissions in 2024.
Compared with earlier readings it is down 42.6% on the previous year and down 123.3% over ten years.
Over the whole period, net errors and omissions in Mongolia peaked at 188.24 million BoP, current US$ in 2012 and was at its lowest, -773.99 million BoP, current US$, in 2008.
Mongolia ranks 147th of 198 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | -4.70 million BoP, current US$ | -122.68 million BoP, current US$ | 83.60 million BoP, current US$ | 9 |
| 1990s | -1.22 million BoP, current US$ | -70.68 million BoP, current US$ | 111.94 million BoP, current US$ | 10 |
| 2000s | -191.62 million BoP, current US$ | -773.99 million BoP, current US$ | 128.48 million BoP, current US$ | 10 |
| 2010s | -116.76 million BoP, current US$ | -223.91 million BoP, current US$ | 188.24 million BoP, current US$ | 10 |
| 2020s | -249.19 million BoP, current US$ | -393.23 million BoP, current US$ | -145.57 million BoP, current US$ | 5 |
Countries ranked near Mongolia
- 144 Malaysia -347.42 million BoP, current US$ compare
- 145 Bermuda -370.23 million BoP, current US$ compare
- 146 Congo -383.56 million BoP, current US$ compare
- 148 Finland -408.69 million BoP, current US$ compare
- 149 New Zealand -416.44 million BoP, current US$ compare
- 150 Bahrain -494.68 million BoP, current US$ compare
More economy & growth data for Mongolia
- Final consumption expenditure 66.1% (2025)
- Gross domestic savings 30.49 trillion current LCU (2025)
- Households and NPISHs final consumption expenditure 51.5% (2025)
- Final consumption expenditure 16.77 billion current US$ (2025)
- Final consumption expenditure 59.45 trillion current LCU (2025)
- Final consumption expenditure 15.92 billion constant 2015 US$ (2025)
- Final consumption expenditure 5.7% (2025)
- Agriculture, forestry, and fishing, value added 3.68 trillion constant LCU (2025)
- Gross national expenditure 97.5% (2025)
- Agriculture, forestry, and fishing, value added 1.87 billion constant 2015 US$ (2025)
Frequently asked questions
- What is net errors and omissions in Mongolia?
- Net errors and omissions in Mongolia was -393.23 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 Mongolia?
- The highest recorded value was 188.24 million BoP, current US$ in 2012.
- What is the lowest net errors and omissions recorded in Mongolia?
- The lowest recorded value was -773.99 million BoP, current US$ in 2008.
- How does Mongolia rank for net errors and omissions?
- Mongolia ranks 147th out of 198 countries with data for 2024.
- Is net errors and omissions rising or falling in Mongolia?
- Over the last ten years it is down 123.3%. The long-run trend across the full record is volatile.
- Where does this Mongolia 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.