Net errors and omissions in Venezuela
Venezuela: Net errors and omissions was -2.79 billion BoP, current US$ in 2016. ◆ Volatile
Net errors and omissions in Venezuela, 1970–2016
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in BoP, current US$.
Analysis
The most recent figure for net errors and omissions in Venezuela is -2.79 billion BoP, current US$, measured in 2016.
Compared with earlier readings it is down 24.1% on the previous year and down 26.4% over ten years.
Over the whole period, net errors and omissions in Venezuela peaked at 3.09 billion BoP, current US$ in 1988 and was at its lowest, -3.73 billion BoP, current US$, in 2010.
Venezuela ranks 176th of 198 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 632.00 million BoP, current US$ | -475.00 million BoP, current US$ | 2.29 billion BoP, current US$ | 10 |
| 1980s | -446.80 million BoP, current US$ | -2.38 billion BoP, current US$ | 3.09 billion BoP, current US$ | 10 |
| 1990s | -969.00 million BoP, current US$ | -1.76 billion BoP, current US$ | -281.00 million BoP, current US$ | 10 |
| 2000s | -2.39 billion BoP, current US$ | -3.60 billion BoP, current US$ | -790.00 million BoP, current US$ | 10 |
| 2010s | -2.72 billion BoP, current US$ | -3.73 billion BoP, current US$ | -1.48 billion BoP, current US$ | 7 |
Countries ranked near Venezuela
- 173 Lithuania -2.12 billion BoP, current US$ compare
- 174 Myanmar -2.49 billion BoP, current US$ compare
- 175 Indonesia -2.66 billion BoP, current US$ compare
- 177 Ecuador -2.81 billion BoP, current US$ compare
- 178 Uzbekistan -3.52 billion BoP, current US$ compare
- 179 Panama -3.54 billion BoP, current US$ compare
More economy & growth data for Venezuela
- Services, value added 0 current LCU (2011)
- Exports of goods and services 2.46 trillion current LCU (2025)
- Exports of goods and services 16.32 billion constant 2015 US$ (2025)
- Exports of goods and services 4.4% (2025)
- Services, value added 31.03 billion constant LCU (2014)
- Exports of goods and services 14.9% (2025)
- Services, value added -0.4% (2014)
- Services, value added 0 current US$ (2011)
- Gross fixed capital formation -5.1% (2025)
- Gross fixed capital formation 2.15 billion constant 2015 US$ (2025)
Frequently asked questions
- What is net errors and omissions in Venezuela?
- Net errors and omissions in Venezuela was -2.79 billion 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 Venezuela?
- The highest recorded value was 3.09 billion BoP, current US$ in 1988.
- What is the lowest net errors and omissions recorded in Venezuela?
- The lowest recorded value was -3.73 billion BoP, current US$ in 2010.
- How does Venezuela rank for net errors and omissions?
- Venezuela ranks 176th out of 198 countries with data for 2016.
- Is net errors and omissions rising or falling in Venezuela?
- Over the last ten years it is down 26.4%. The long-run trend across the full record is volatile.
- Where does this Venezuela 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.