Colombia vs Venezuela: Net errors and omissions (BoP, current US$)
Net errors and omissions (BoP, current US$) over time
- Colombia
- Venezuela
How they compare
Venezuela currently reports 2.38 billion BoP, current US$ against 2.13 billion BoP, current US$ in Colombia, a difference of 251.63 million BoP, current US$.
That makes Venezuela's figure about 1.1 times Colombia's.
The two have swapped places 12 times across 56 shared years of data; in 1970 it was Venezuela ahead.
Colombia ranks 23rd and Venezuela ranks 21st of 199 countries.
Across the 6 decades both report, Colombia averaged higher in 4 and Venezuela in 2.
Head to head by decade
| Decade | Colombia | Venezuela | Difference | Ahead |
|---|---|---|---|---|
| 1970s | 123.91 million BoP, current US$ | 632.00 million BoP, current US$ | 508.09 million BoP, current US$ | Venezuela |
| 1980s | -99.88 million BoP, current US$ | -446.80 million BoP, current US$ | 346.92 million BoP, current US$ | Colombia |
| 1990s | -38.41 million BoP, current US$ | -969.00 million BoP, current US$ | 930.59 million BoP, current US$ | Colombia |
| 2000s | 16.41 million BoP, current US$ | -2.40 billion BoP, current US$ | 2.41 billion BoP, current US$ | Colombia |
| 2010s | 530.41 million BoP, current US$ | -2.14 billion BoP, current US$ | 2.67 billion BoP, current US$ | Colombia |
| 2020s | 1.16 billion BoP, current US$ | 1.69 billion BoP, current US$ | 533.00 million BoP, current US$ | Venezuela |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher net errors and omissions, Colombia or Venezuela?
- Venezuela, at 2.38 billion BoP, current US$ against 2.13 billion BoP, current US$ in Colombia as of 2025.
- What is the difference in net errors and omissions between Colombia and Venezuela?
- 251.63 million BoP, current US$, with Venezuela ahead.
- How many years of comparable data are there for Colombia and Venezuela?
- 56 years are reported by both, from 1970 to 2025.
- How do Colombia and Venezuela rank globally for net errors and omissions?
- Colombia ranks 23rd and Venezuela ranks 21st of 199 countries.
- Where does this data come from?
- Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as Net errors and omissions (BoP, current US$). 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.