South Korea vs Panama: Net errors and omissions
Net errors and omissions over time
- South Korea
- Panama
How they compare
Panama currently reports -3.54 billion BoP, current US$ against -3.55 billion BoP, current US$ in South Korea, a difference of 8.06 million BoP, current US$.
The two have swapped places 23 times across 49 shared years of data; in 1977 it was South Korea ahead.
South Korea ranks 179th and Panama ranks 178th of 197 countries.
Across the 6 decades both report, South Korea averaged higher in 4 and Panama in 2.
Head to head by decade
| Decade | South Korea | Panama | Difference | Ahead |
|---|---|---|---|---|
| 1970s | -218.90 million BoP, current US$ | -164.33 million BoP, current US$ | 54.57 million BoP, current US$ | Panama |
| 1980s | 694.20 million BoP, current US$ | -109.01 million BoP, current US$ | 803.21 million BoP, current US$ | South Korea |
| 1990s | -1.86 billion BoP, current US$ | 52.94 million BoP, current US$ | 1.92 billion BoP, current US$ | Panama |
| 2000s | 2.59 billion BoP, current US$ | 105.68 million BoP, current US$ | 2.49 billion BoP, current US$ | South Korea |
| 2010s | 1.19 billion BoP, current US$ | -578.34 million BoP, current US$ | 1.77 billion BoP, current US$ | South Korea |
| 2020s | -596.03 million BoP, current US$ | -2.33 billion BoP, current US$ | 1.73 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 Panama?
- Panama, at -3.54 billion BoP, current US$ against -3.55 billion BoP, current US$ in South Korea as of 2025.
- What is the difference in net errors and omissions between South Korea and Panama?
- 8.06 million BoP, current US$, with Panama ahead.
- How many years of comparable data are there for South Korea and Panama?
- 49 years are reported by both, from 1977 to 2025.
- How do South Korea and Panama rank globally for net errors and omissions?
- South Korea ranks 179th and Panama ranks 178th of 197 countries.
- Where does this data come from?
- Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as Net errors and omissions (BoP, current US$). 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.