Net errors and omissions in New Caledonia
New Caledonia: Net errors and omissions was -193.68 million BoP, current US$ in 2016. ◆ Volatile
Net errors and omissions in New Caledonia, 2002–2016
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in BoP, current US$.
Analysis
In 2016, net errors and omissions in New Caledonia stood at -193.68 million BoP, current US$.
That represents a change of down 4,234.2% on the previous year and down 177.8% over ten years.
Over the whole period, net errors and omissions in New Caledonia peaked at 268.14 million BoP, current US$ in 2007 and was at its lowest, -235.81 million BoP, current US$, in 2013.
That places New Caledonia 134th out of 198 countries with data for 2016, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 35.31 million BoP, current US$ | -88.54 million BoP, current US$ | 268.14 million BoP, current US$ | 8 |
| 2010s | -83.98 million BoP, current US$ | -235.81 million BoP, current US$ | 98.56 million BoP, current US$ | 7 |
Countries ranked near New Caledonia
- 131 Iceland -167.65 million BoP, current US$ compare
- 132 Paraguay -185.75 million BoP, current US$ compare
- 133 Algeria -192.96 million BoP, current US$ compare
- 135 Italy -200.60 million BoP, current US$ compare
- 136 Botswana -211.98 million BoP, current US$ compare
- 137 Laos -227.17 million BoP, current US$ compare
More economy & growth data for New Caledonia
- Gross national expenditure 112.1% (2024)
- Final consumption expenditure 7.69 billion current US$ (2024)
- Final consumption expenditure 848.39 billion current LCU (2024)
- Final consumption expenditure 90.0% (2024)
- Gross national expenditure 9.58 billion current US$ (2024)
- Gross national expenditure 1.06 trillion current LCU (2024)
- Exports of goods and services 110.28 billion current LCU (2024)
- Gross fixed capital formation 1.89 billion current US$ (2024)
- Exports of goods and services 11.7% (2024)
- Households and NPISHs final consumption expenditure 65.7% (2024)
Frequently asked questions
- What is net errors and omissions in New Caledonia?
- Net errors and omissions in New Caledonia was -193.68 million BoP, current US$ in 2016, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest net errors and omissions recorded in New Caledonia?
- The highest recorded value was 268.14 million BoP, current US$ in 2007.
- What is the lowest net errors and omissions recorded in New Caledonia?
- The lowest recorded value was -235.81 million BoP, current US$ in 2013.
- How does New Caledonia rank for net errors and omissions?
- New Caledonia ranks 134th out of 198 countries with data for 2016.
- Is net errors and omissions rising or falling in New Caledonia?
- Over the last ten years it is down 177.8%. The long-run trend across the full record is volatile.
- Where does this New Caledonia 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.