Australia vs Iraq: Net errors and omissions (BoP, current US$)
Net errors and omissions (BoP, current US$) over time
- Australia
- Iraq
How they compare
Australia currently reports -8.02 billion BoP, current US$ against -8.91 billion BoP, current US$ in Iraq, a difference of 888.77 million BoP, current US$.
The two have swapped places 2 times across 21 shared years of data; in 2005 it was Australia ahead.
Australia ranks 188th and Iraq ranks 189th of 199 countries.
Australia has averaged higher in every one of the 3 decades both report.
Head to head by decade
| Decade | Australia | Iraq | Difference | Ahead |
|---|---|---|---|---|
| 2000s | -72.54 million BoP, current US$ | -3.60 billion BoP, current US$ | 3.53 billion BoP, current US$ | Australia |
| 2010s | -404.70 million BoP, current US$ | -9.02 billion BoP, current US$ | 8.62 billion BoP, current US$ | Australia |
| 2020s | 2.27 billion BoP, current US$ | -3.79 billion BoP, current US$ | 6.06 billion BoP, current US$ | Australia |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher net errors and omissions, Australia or Iraq?
- Australia, at -8.02 billion BoP, current US$ against -8.91 billion BoP, current US$ in Iraq as of 2025.
- What is the difference in net errors and omissions between Australia and Iraq?
- 888.77 million BoP, current US$, with Australia ahead.
- How many years of comparable data are there for Australia and Iraq?
- 21 years are reported by both, from 2005 to 2025.
- How do Australia and Iraq rank globally for net errors and omissions?
- Australia ranks 188th and Iraq ranks 189th of 199 countries.
- Where does this data come from?
- Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as Net errors and omissions (BoP, current US$). Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
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.