Panama vs Venezuela: Net errors and omissions
Net errors and omissions over time
- Panama
- Venezuela
How they compare
Venezuela currently reports -2.79 billion BoP, current US$ against -3.54 billion BoP, current US$ in Panama, a difference of 746.24 million BoP, current US$.
The two have swapped places 8 times across 40 shared years of data; in 1977 it was Venezuela ahead.
Panama ranks 178th and Venezuela ranks 175th of 197 countries.
Across the 5 decades both report, Panama averaged higher in 4 and Venezuela in 1.
Head to head by decade
| Decade | Panama | Venezuela | Difference | Ahead |
|---|---|---|---|---|
| 1970s | -164.33 million BoP, current US$ | 1.45 billion BoP, current US$ | 1.61 billion BoP, current US$ | Venezuela |
| 1980s | -109.01 million BoP, current US$ | -446.80 million BoP, current US$ | 337.79 million BoP, current US$ | Panama |
| 1990s | 52.94 million BoP, current US$ | -969.00 million BoP, current US$ | 1.02 billion BoP, current US$ | Panama |
| 2000s | 105.68 million BoP, current US$ | -2.39 billion BoP, current US$ | 2.50 billion BoP, current US$ | Panama |
| 2010s | -553.28 million BoP, current US$ | -2.72 billion BoP, current US$ | 2.16 billion BoP, current US$ | Panama |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher net errors and omissions, Panama or Venezuela?
- Venezuela, at -2.79 billion BoP, current US$ against -3.54 billion BoP, current US$ in Panama as of 2016.
- What is the difference in net errors and omissions between Panama and Venezuela?
- 746.24 million BoP, current US$, with Venezuela ahead.
- How many years of comparable data are there for Panama and Venezuela?
- 40 years are reported by both, from 1977 to 2016.
- How do Panama and Venezuela rank globally for net errors and omissions?
- Panama ranks 178th and Venezuela ranks 175th of 197 countries.
- Where does this data come from?
- Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as Net errors and omissions (BoP, current US$). 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.