Net errors and omissions in Solomon Islands
Solomon Islands: Net errors and omissions was 11.60 million BoP, current US$ in 2024. ◆ Volatile
Net errors and omissions in Solomon Islands, 1975–2024
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in BoP, current US$.
Analysis
In 2024, net errors and omissions in Solomon Islands stood at 11.60 million BoP, current US$.
The figure is up 123.3% on the previous year and up 212.0% over ten years.
Over the whole period, net errors and omissions in Solomon Islands peaked at 55.56 million BoP, current US$ in 2002 and was at its lowest, -49.73 million BoP, current US$, in 2023.
That places Solomon Islands 82nd out of 198 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | -1.66 million BoP, current US$ | -9.07 million BoP, current US$ | 6.02 million BoP, current US$ | 5 |
| 1980s | 1.09 million BoP, current US$ | -11.28 million BoP, current US$ | 15.65 million BoP, current US$ | 9 |
| 1990s | -2.66 million BoP, current US$ | -14.68 million BoP, current US$ | 8.03 million BoP, current US$ | 10 |
| 2000s | 16.89 million BoP, current US$ | -33.11 million BoP, current US$ | 55.56 million BoP, current US$ | 10 |
| 2010s | -3.65 million BoP, current US$ | -36.03 million BoP, current US$ | 37.64 million BoP, current US$ | 10 |
| 2020s | -14.42 million BoP, current US$ | -49.73 million BoP, current US$ | 11.95 million BoP, current US$ | 5 |
Countries ranked near Solomon Islands
- 79 Niger 14.32 million BoP, current US$ compare
- 80 Montenegro 13.05 million BoP, current US$ compare
- 81 Bosnia and Herzegovina 12.79 million BoP, current US$ compare
- 83 Senegal 11.13 million BoP, current US$ compare
- 84 Sint Maarten (Dutch part) 11.07 million BoP, current US$ compare
- 85 Cameroon 9.06 million BoP, current US$ compare
More economy & growth data for Solomon Islands
- Final consumption expenditure 108.1% (2024)
- Manufacturing, value added 10.1% (2024)
- Households and NPISHs final consumption expenditure 81.9% (2024)
- Final consumption expenditure 1.71 billion current US$ (2024)
- Final consumption expenditure 14.48 billion current LCU (2024)
- Final consumption expenditure 1.65 billion constant 2015 US$ (2024)
- Final consumption expenditure 7.8% (2024)
- Manufacturing, value added 834.12 million constant LCU (2024)
- Gross national expenditure 127.6% (2024)
- Manufacturing, value added 1.35 billion current LCU (2024)
Frequently asked questions
- What is net errors and omissions in Solomon Islands?
- Net errors and omissions in Solomon Islands was 11.60 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 Solomon Islands?
- The highest recorded value was 55.56 million BoP, current US$ in 2002.
- What is the lowest net errors and omissions recorded in Solomon Islands?
- The lowest recorded value was -49.73 million BoP, current US$ in 2023.
- How does Solomon Islands rank for net errors and omissions?
- Solomon Islands ranks 82nd out of 198 countries with data for 2024.
- Is net errors and omissions rising or falling in Solomon Islands?
- Over the last ten years it is up 212.0%. The long-run trend across the full record is volatile.
- Where does this Solomon Islands 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.