South Korea vs Myanmar: Net errors and omissions (BoP, current US$)
Net errors and omissions (BoP, current US$) over time
- South Korea
- Myanmar
How they compare
Myanmar currently reports -2.49 billion BoP, current US$ against -3.55 billion BoP, current US$ in South Korea, a difference of 1.06 billion BoP, current US$.
The two have swapped places 19 times across 44 shared years of data; in 1976 it was Myanmar ahead.
South Korea ranks 179th and Myanmar ranks 176th of 199 countries.
Across the 5 decades both report, South Korea averaged higher in 3 and Myanmar in 2.
Head to head by decade
| Decade | South Korea | Myanmar | Difference | Ahead |
|---|---|---|---|---|
| 1970s | -224.71 million BoP, current US$ | -11.12 million BoP, current US$ | 213.60 million BoP, current US$ | Myanmar |
| 1980s | 694.20 million BoP, current US$ | 34.41 million BoP, current US$ | 659.79 million BoP, current US$ | South Korea |
| 1990s | -1.86 billion BoP, current US$ | -9.95 million BoP, current US$ | 1.85 billion BoP, current US$ | Myanmar |
| 2000s | 2.59 billion BoP, current US$ | -421.32 million BoP, current US$ | 3.01 billion BoP, current US$ | South Korea |
| 2010s | 1.19 billion BoP, current US$ | -280.37 million BoP, current US$ | 1.47 billion BoP, current US$ | South Korea |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher net errors and omissions, South Korea or Myanmar?
- Myanmar, at -2.49 billion BoP, current US$ against -3.55 billion BoP, current US$ in South Korea as of 2019.
- What is the difference in net errors and omissions between South Korea and Myanmar?
- 1.06 billion BoP, current US$, with Myanmar ahead.
- How many years of comparable data are there for South Korea and Myanmar?
- 44 years are reported by both, from 1976 to 2019.
- How do South Korea and Myanmar rank globally for net errors and omissions?
- South Korea ranks 179th and Myanmar ranks 176th of 199 countries.
- Where does this data come from?
- Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as Net errors and omissions (BoP, current US$). 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.