Iraq vs United Kingdom: Net errors and omissions
Net errors and omissions over time
- Iraq
- United Kingdom
How they compare
Iraq currently reports -7.66 billion BoP, current US$ against -10.39 billion BoP, current US$ in United Kingdom, a difference of 2.72 billion BoP, current US$.
The two have swapped places 7 times across 20 shared years of data; in 2005 it was Iraq ahead.
Iraq ranks 185th and United Kingdom ranks 186th of 197 countries.
Across the 3 decades both report, Iraq averaged higher in 2 and United Kingdom in 1.
Head to head by decade
| Decade | Iraq | United Kingdom | Difference | Ahead |
|---|---|---|---|---|
| 2000s | -3.60 billion BoP, current US$ | -13.38 billion BoP, current US$ | 9.79 billion BoP, current US$ | Iraq |
| 2010s | -9.02 billion BoP, current US$ | -2.97 billion BoP, current US$ | 6.05 billion BoP, current US$ | United Kingdom |
| 2020s | -2.77 billion BoP, current US$ | -4.41 billion BoP, current US$ | 1.65 billion BoP, current US$ | Iraq |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher net errors and omissions, Iraq or United Kingdom?
- Iraq, at -7.66 billion BoP, current US$ against -10.39 billion BoP, current US$ in United Kingdom as of 2024.
- What is the difference in net errors and omissions between Iraq and United Kingdom?
- 2.72 billion BoP, current US$, with Iraq ahead.
- How many years of comparable data are there for Iraq and United Kingdom?
- 20 years are reported by both, from 2005 to 2024.
- How do Iraq and United Kingdom rank globally for net errors and omissions?
- Iraq ranks 185th and United Kingdom ranks 186th of 197 countries.
- Where does this data come from?
- Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as Net errors and omissions (BoP, current US$). 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.