Palau vs Papua New Guinea: Net errors and omissions
Net errors and omissions over time
- Palau
- Papua New Guinea
How they compare
Papua New Guinea currently reports -33.44 million BoP, current US$ against -38.17 million BoP, current US$ in Palau, a difference of 4.73 million BoP, current US$.
The two have swapped places 7 times across 19 shared years of data; in 2005 it was Palau ahead.
Palau ranks 112th and Papua New Guinea ranks 110th of 198 countries.
Across the 3 decades both report, Palau averaged higher in 1 and Papua New Guinea in 2.
Head to head by decade
| Decade | Palau | Papua New Guinea | Difference | Ahead |
|---|---|---|---|---|
| 2000s | -6.41 million BoP, current US$ | -709.16 million BoP, current US$ | 702.75 million BoP, current US$ | Palau |
| 2010s | 1.42 million BoP, current US$ | 261.29 million BoP, current US$ | 259.87 million BoP, current US$ | Papua New Guinea |
| 2020s | -682,500 BoP, current US$ | 47.47 million BoP, current US$ | 48.15 million BoP, current US$ | Papua New Guinea |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher net errors and omissions, Palau or Papua New Guinea?
- Papua New Guinea, at -33.44 million BoP, current US$ against -38.17 million BoP, current US$ in Palau as of 2024.
- What is the difference in net errors and omissions between Palau and Papua New Guinea?
- 4.73 million BoP, current US$, with Papua New Guinea ahead.
- How many years of comparable data are there for Palau and Papua New Guinea?
- 19 years are reported by both, from 2005 to 2023.
- How do Palau and Papua New Guinea rank globally for net errors and omissions?
- Palau ranks 112th and Papua New Guinea ranks 110th of 198 countries.
- Where does this data come from?
- Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as Net errors and omissions (BoP, current US$). 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.