Net errors and omissions in Papua New Guinea
Papua New Guinea: Net errors and omissions was -33.44 million BoP, current US$ in 2024. ◆ Volatile
Net errors and omissions in Papua New Guinea, 1976–2024
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in BoP, current US$.
Analysis
Papua New Guinea recorded -33.44 million BoP, current US$ for net errors and omissions in 2024.
The figure is down 116.9% on the previous year and down 104.6% over ten years.
Over the whole period, net errors and omissions in Papua New Guinea peaked at 1.43 billion BoP, current US$ in 2013 and was at its lowest, -1.45 billion BoP, current US$, in 2020.
That places Papua New Guinea 110th out of 198 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | -14.60 million BoP, current US$ | -38.72 million BoP, current US$ | 9.58 million BoP, current US$ | 4 |
| 1980s | 15.09 million BoP, current US$ | -67.40 million BoP, current US$ | 115.29 million BoP, current US$ | 10 |
| 1990s | -18.59 million BoP, current US$ | -57.59 million BoP, current US$ | 7.89 million BoP, current US$ | 10 |
| 2000s | -384.48 million BoP, current US$ | -1.32 billion BoP, current US$ | 365.98 million BoP, current US$ | 10 |
| 2010s | 261.29 million BoP, current US$ | -1.06 billion BoP, current US$ | 1.43 billion BoP, current US$ | 10 |
| 2020s | 31.29 million BoP, current US$ | -1.45 billion BoP, current US$ | 960.67 million BoP, current US$ | 5 |
Countries ranked near Papua New Guinea
- 107 Belize -31.22 million BoP, current US$ compare
- 108 Aruba -31.77 million BoP, current US$ compare
- 109 Chad -32.00 million BoP, current US$ compare
- 111 French Polynesia -34.59 million BoP, current US$ compare
- 112 Palau -38.17 million BoP, current US$ compare
- 113 Cape Verde -38.88 million BoP, current US$ compare
More economy & growth data for Papua New Guinea
- Changes in inventories 236.30 million current LCU (2004)
- GDP 133.98 billion current LCU (2025)
- GDP 32.50 billion current US$ (2025)
- Gross fixed capital formation 712.14 million current US$ (2004)
- Gross fixed capital formation 2.29 billion current LCU (2004)
- Gross fixed capital formation -0.5% (2004)
- Gross value added at basic prices (GVA) 68.71 billion constant LCU (2024)
- Gross fixed capital formation 18.1% (2004)
- Changes in inventories 73.35 million current US$ (2004)
- Gross capital formation 20.0% (2004)
Frequently asked questions
- What is net errors and omissions in Papua New Guinea?
- Net errors and omissions in Papua New Guinea was -33.44 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 Papua New Guinea?
- The highest recorded value was 1.43 billion BoP, current US$ in 2013.
- What is the lowest net errors and omissions recorded in Papua New Guinea?
- The lowest recorded value was -1.45 billion BoP, current US$ in 2020.
- How does Papua New Guinea rank for net errors and omissions?
- Papua New Guinea ranks 110th out of 198 countries with data for 2024.
- Is net errors and omissions rising or falling in Papua New Guinea?
- Over the last ten years it is down 104.6%. The long-run trend across the full record is volatile.
- Where does this Papua New Guinea 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.