Philippines vs Sri Lanka: Net errors and omissions
Net errors and omissions over time
- Philippines
- Sri Lanka
How they compare
Sri Lanka currently reports -325.42 million BoP, current US$ against -346.43 million BoP, current US$ in Philippines, a difference of 21.01 million BoP, current US$.
The two have swapped places 22 times across 48 shared years of data; in 1977 it was Philippines ahead.
Philippines ranks 142nd and Sri Lanka ranks 139th of 197 countries.
Across the 6 decades both report, Philippines averaged higher in 2 and Sri Lanka in 4.
Head to head by decade
| Decade | Philippines | Sri Lanka | Difference | Ahead |
|---|---|---|---|---|
| 1970s | 194.62 million BoP, current US$ | 17.45 million BoP, current US$ | 177.16 million BoP, current US$ | Philippines |
| 1980s | 35.90 million BoP, current US$ | -26.16 million BoP, current US$ | 62.06 million BoP, current US$ | Philippines |
| 1990s | -873.30 million BoP, current US$ | 98.85 million BoP, current US$ | 972.15 million BoP, current US$ | Sri Lanka |
| 2000s | -316.12 million BoP, current US$ | 81.55 million BoP, current US$ | 397.66 million BoP, current US$ | Sri Lanka |
| 2010s | -1.99 billion BoP, current US$ | -376.82 million BoP, current US$ | 1.62 billion BoP, current US$ | Sri Lanka |
| 2020s | -447.44 million BoP, current US$ | -129.09 million BoP, current US$ | 318.35 million BoP, current US$ | Sri Lanka |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher net errors and omissions, Philippines or Sri Lanka?
- Sri Lanka, at -325.42 million BoP, current US$ against -346.43 million BoP, current US$ in Philippines as of 2024.
- What is the difference in net errors and omissions between Philippines and Sri Lanka?
- 21.01 million BoP, current US$, with Sri Lanka ahead.
- How many years of comparable data are there for Philippines and Sri Lanka?
- 48 years are reported by both, from 1977 to 2024.
- How do Philippines and Sri Lanka rank globally for net errors and omissions?
- Philippines ranks 142nd and Sri Lanka ranks 139th of 197 countries.
- Where does this data come from?
- Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as Net errors and omissions (BoP, current US$). 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.