Net errors and omissions in Palau
Palau: Net errors and omissions was -38.17 million BoP, current US$ in 2023. ◆ Volatile
Net errors and omissions in Palau, 2005–2023
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in BoP, current US$.
Analysis
The most recent figure for net errors and omissions in Palau is -38.17 million BoP, current US$, measured in 2023. That is the lowest value across all 19 years on record.
The figure is down 209.9% on the previous year and down 1,139.8% over ten years.
Over the whole period, net errors and omissions in Palau peaked at 37.77 million BoP, current US$ in 2020 and was at its lowest, -38.17 million BoP, current US$, in 2023.
That places Palau 112th out of 198 countries with data for 2023, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -6.41 million BoP, current US$ | -11.29 million BoP, current US$ | -4.29 million BoP, current US$ | 5 |
| 2010s | 1.42 million BoP, current US$ | -24.81 million BoP, current US$ | 32.23 million BoP, current US$ | 10 |
| 2020s | -682,500 BoP, current US$ | -38.17 million BoP, current US$ | 37.77 million BoP, current US$ | 4 |
Countries ranked near Palau
- 109 Chad -32.00 million BoP, current US$ compare
- 110 Papua New Guinea -33.44 million BoP, current US$ compare
- 111 French Polynesia -34.59 million BoP, current US$ compare
- 113 Cape Verde -38.88 million BoP, current US$ compare
- 114 Saint Lucia -41.36 million BoP, current US$ compare
- 115 Ethiopia -48.85 million BoP, current US$ compare
More economy & growth data for Palau
- Gross fixed capital formation 115.22 million current LCU (2024)
- Exports of goods and services 105.13 million current US$ (2024)
- Exports of goods and services 105.13 million current LCU (2024)
- Exports of goods and services 92.19 million constant 2015 US$ (2024)
- Exports of goods and services 40.6% (2024)
- Services, value added 234.96 million current LCU (2024)
- Exports of goods and services 32.7% (2024)
- Gross fixed capital formation 115.22 million current US$ (2024)
- Changes in inventories -2.80 million current US$ (2024)
- Gross fixed capital formation 35.8% (2024)
Frequently asked questions
- What is net errors and omissions in Palau?
- Net errors and omissions in Palau was -38.17 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 Palau?
- The highest recorded value was 37.77 million BoP, current US$ in 2020.
- What is the lowest net errors and omissions recorded in Palau?
- The lowest recorded value was -38.17 million BoP, current US$ in 2023.
- How does Palau rank for net errors and omissions?
- Palau ranks 112th out of 198 countries with data for 2023.
- Is net errors and omissions rising or falling in Palau?
- Over the last ten years it is down 1,139.8%. The long-run trend across the full record is volatile.
- Where does this Palau 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.