Australia vs Spain: Net errors and omissions
Net errors and omissions over time
- Australia
- Spain
How they compare
Spain currently reports 1.12 billion BoP, current US$ against 1.04 billion BoP, current US$ in Australia, a difference of 82.16 million BoP, current US$.
That makes Spain's figure about 1.1 times Australia's.
The two have swapped places 13 times across 37 shared years of data; in 1989 it was Australia ahead.
Australia ranks 30th and Spain ranks 28th of 199 countries.
Across the 5 decades both report, Australia averaged higher in 3 and Spain in 2.
Head to head by decade
| Decade | Australia | Spain | Difference | Ahead |
|---|---|---|---|---|
| 1980s | 1.57 billion BoP, current US$ | -2.55 billion BoP, current US$ | 4.11 billion BoP, current US$ | Australia |
| 1990s | 460.56 million BoP, current US$ | -1.32 billion BoP, current US$ | 1.78 billion BoP, current US$ | Australia |
| 2000s | 256.67 million BoP, current US$ | 1.32 billion BoP, current US$ | 1.06 billion BoP, current US$ | Spain |
| 2010s | -404.70 million BoP, current US$ | -359.58 million BoP, current US$ | 45.13 million BoP, current US$ | Spain |
| 2020s | 3.88 billion BoP, current US$ | 2.79 billion BoP, current US$ | 1.09 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 Spain?
- Spain, at 1.12 billion BoP, current US$ against 1.04 billion BoP, current US$ in Australia as of 2025.
- What is the difference in net errors and omissions between Australia and Spain?
- 82.16 million BoP, current US$, with Spain ahead.
- How many years of comparable data are there for Australia and Spain?
- 37 years are reported by both, from 1989 to 2025.
- How do Australia and Spain rank globally for net errors and omissions?
- Australia ranks 30th and Spain ranks 28th of 199 countries.
- Where does this data come from?
- Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as Net errors and omissions (BoP, current US$). 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.