Canada vs Norway: Net errors and omissions
Net errors and omissions over time
- Canada
- Norway
How they compare
Norway currently reports 20.91 billion BoP, current US$ against 8.01 billion BoP, current US$ in Canada, a difference of 12.90 billion BoP, current US$.
That makes Norway's figure about 2.6 times Canada's.
The two have swapped places 20 times across 51 shared years of data; in 1975 it was Norway ahead.
Canada ranks 6th and Norway ranks 4th of 199 countries.
Across the 6 decades both report, Canada averaged higher in 4 and Norway in 2.
Head to head by decade
| Decade | Canada | Norway | Difference | Ahead |
|---|---|---|---|---|
| 1970s | -1.65 billion BoP, current US$ | 394.67 million BoP, current US$ | 2.04 billion BoP, current US$ | Norway |
| 1980s | -2.18 billion BoP, current US$ | -552.32 million BoP, current US$ | 1.63 billion BoP, current US$ | Norway |
| 1990s | 1.29 billion BoP, current US$ | -2.95 billion BoP, current US$ | 4.23 billion BoP, current US$ | Canada |
| 2000s | -1.03 billion BoP, current US$ | -7.66 billion BoP, current US$ | 6.63 billion BoP, current US$ | Canada |
| 2010s | 381.73 million BoP, current US$ | -5.09 billion BoP, current US$ | 5.47 billion BoP, current US$ | Canada |
| 2020s | 2.31 billion BoP, current US$ | -3.60 billion BoP, current US$ | 5.91 billion BoP, current US$ | Canada |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher net errors and omissions, Canada or Norway?
- Norway, at 20.91 billion BoP, current US$ against 8.01 billion BoP, current US$ in Canada as of 2025.
- What is the difference in net errors and omissions between Canada and Norway?
- 12.90 billion BoP, current US$, with Norway ahead.
- How many years of comparable data are there for Canada and Norway?
- 51 years are reported by both, from 1975 to 2025.
- How do Canada and Norway rank globally for net errors and omissions?
- Canada ranks 6th and Norway ranks 4th of 199 countries.
- Where does this data come from?
- Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as Net errors and omissions (BoP, current US$). 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.