Net errors and omissions in Aruba
Aruba: Net errors and omissions was -31.77 million BoP, current US$ in 2023. ◆ Volatile
Net errors and omissions in Aruba, 1986–2023
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in BoP, current US$.
Analysis
In 2023, net errors and omissions in Aruba stood at -31.77 million BoP, current US$.
The figure is up 20.5% on the previous year and down 172.5% over ten years.
Over the whole period, net errors and omissions in Aruba peaked at 26.71 million BoP, current US$ in 2005 and was at its lowest, -119.00 million BoP, current US$, in 2009.
Aruba ranks 109th of 199 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Net errors and omissions in Aruba, year by year
| Year | BoP, current US$ | Change |
|---|---|---|
| 1986 | 7.11 million BoP, current US$ | — |
| 1987 | 10.89 million BoP, current US$ | +53.3% |
| 1988 | -12.85 million BoP, current US$ | -217.9% |
| 1989 | 20.39 million BoP, current US$ | -258.7% |
| 1990 | -2.40 million BoP, current US$ | -111.8% |
| 1991 | 3.58 million BoP, current US$ | -248.8% |
| 1992 | 2.91 million BoP, current US$ | -18.7% |
| 1993 | 111,732 BoP, current US$ | -96.2% |
| 1994 | -8.88 million BoP, current US$ | -8050.0% |
| 1995 | 1.45 million BoP, current US$ | -116.4% |
| 1996 | 14.08 million BoP, current US$ | +869.2% |
| 1997 | -2.91 million BoP, current US$ | -120.6% |
| 1998 | -2.96 million BoP, current US$ | +1.9% |
| 1999 | -17.11 million BoP, current US$ | +477.7% |
| 2000 | 14.28 million BoP, current US$ | -183.5% |
| 2001 | -7.03 million BoP, current US$ | -149.2% |
| 2002 | 12.44 million BoP, current US$ | -276.8% |
| 2003 | 19.86 million BoP, current US$ | +59.7% |
| 2004 | 4.77 million BoP, current US$ | -76.0% |
| 2005 | 26.71 million BoP, current US$ | +460.1% |
| 2006 | 3.50 million BoP, current US$ | -86.9% |
| 2007 | 4.47 million BoP, current US$ | +27.7% |
| 2008 | -8.60 million BoP, current US$ | -292.5% |
| 2009 | -119.00 million BoP, current US$ | +1283.1% |
| 2010 | 10.95 million BoP, current US$ | -109.2% |
| 2011 | -1.12 million BoP, current US$ | -110.2% |
| 2012 | 12.40 million BoP, current US$ | -1210.0% |
| 2013 | -11.66 million BoP, current US$ | -194.0% |
| 2014 | -48.08 million BoP, current US$ | +312.2% |
| 2015 | -2.28 million BoP, current US$ | -95.3% |
| 2016 | -23.66 million BoP, current US$ | +939.4% |
| 2017 | -21.87 million BoP, current US$ | -7.6% |
| 2018 | -8.74 million BoP, current US$ | -60.0% |
| 2019 | -2.10 million BoP, current US$ | -76.0% |
| 2020 | -12.25 million BoP, current US$ | +483.2% |
| 2021 | -10.51 million BoP, current US$ | -14.2% |
| 2022 | -39.96 million BoP, current US$ | +280.4% |
| 2023 | -31.77 million BoP, current US$ | -20.5% |
Aruba compared with similar countries
- Aruba's -31.77 million BoP, current US$ is above the median for high income countries, which is -132.48 million BoP, current US$, 24% of the median. (71 countries reporting)
- Aruba's -31.77 million BoP, current US$ is above the median for Latin America & Caribbean, which is -31.77 million BoP, current US$, 1.0× the median. (37 countries reporting)
Biggest year-on-year movements
Years where Net errors and omissions in Aruba changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1994 | -8050.0% | 111,732 BoP, current US$ | -8.88 million BoP, current US$ |
| 2009 | -1283.1% | -8.60 million BoP, current US$ | -119.00 million BoP, current US$ |
| 2012 | +1210.0% | -1.12 million BoP, current US$ | 12.40 million BoP, current US$ |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 6.39 million BoP, current US$ | -12.85 million BoP, current US$ | 20.39 million BoP, current US$ | 4 |
| 1990s | -1.21 million BoP, current US$ | -17.11 million BoP, current US$ | 14.08 million BoP, current US$ | 10 |
| 2000s | -4.86 million BoP, current US$ | -119.00 million BoP, current US$ | 26.71 million BoP, current US$ | 10 |
| 2010s | -9.62 million BoP, current US$ | -48.08 million BoP, current US$ | 12.40 million BoP, current US$ | 10 |
| 2020s | -23.62 million BoP, current US$ | -39.96 million BoP, current US$ | -10.51 million BoP, current US$ | 4 |
Countries ranked near Aruba
- 106 Eritrea -22.87 million BoP, current US$ compare
- 107 Sierra Leone -25.03 million BoP, current US$ compare
- 108 Belize -31.22 million BoP, current US$ compare
- 110 Chad -32.00 million BoP, current US$ compare
- 111 Papua New Guinea -33.44 million BoP, current US$ compare
- 112 French Polynesia -34.59 million BoP, current US$ compare
More economy & growth data for Aruba
- Gross national expenditure (current US$), per capita 35,807 current US$ per person (2024)
- Exports of goods and services (current US$), per capita 33,176 current US$ per person (2024)
- Exports of goods and services (current US$), per unit of GDP 0.8597 current US$ per US$ of GDP (2024)
- Exports of goods and services (current US$), annual growth rate 19.75 % change on previous year (2024)
- Gross national expenditure (current LCU), per capita 64,094 current LCU per person (2024)
- Gross national expenditure (current LCU), per unit of GDP 1.66 current LCU per US$ of GDP (2024)
- Gross national expenditure (current LCU), annual growth rate 9.8 % change on previous year (2024)
- Final consumption expenditure (current LCU), annual growth rate -1.38 % change on previous year (2024)
- Final consumption expenditure (current LCU), per unit of GDP 1.2 current LCU per US$ of GDP (2024)
- Final consumption expenditure (current LCU), per capita 46,310 current LCU per person (2024)
Frequently asked questions
- What is net errors and omissions in Aruba?
- Net errors and omissions in Aruba was -31.77 million BoP, current US$ in 2023, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest net errors and omissions recorded in Aruba?
- The highest recorded value was 26.71 million BoP, current US$ in 2005.
- What is the lowest net errors and omissions recorded in Aruba?
- The lowest recorded value was -119.00 million BoP, current US$ in 2009.
- How does Aruba rank for net errors and omissions?
- Aruba ranks 109th out of 199 countries with data for 2023.
- Is net errors and omissions rising or falling in Aruba?
- Over the last ten years it is down 172.5%. The long-run trend across the full record is volatile.
- Where does this Aruba data come from?
- The figures come from Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Net errors and omissions (BoP, current US$). Statizoid updates them automatically from the source API.
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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.