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$, in 2009.
Aruba ranks 107th of 197 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 6.39 million BoP, current US$ | -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
- 104 Eritrea -22.87 million BoP, current US$ compare
- 105 Sierra Leone -25.03 million BoP, current US$ compare
- 106 Belize -31.22 million BoP, current US$ compare
- 108 Chad -32.00 million BoP, current US$ compare
- 109 Papua New Guinea -33.44 million BoP, current US$ compare
- 110 French Polynesia -34.59 million BoP, current US$ compare
More economy & growth data for Aruba
- External balance on goods and services as a percent of GDP 7.8% (2024)
- Inflation of consumer prices 4.3% (2019)
- GDP per capita 33,939 constant 2015 US$ (2024)
- Share of manufacturing in gross domestic product (GDP) 2.4% (2023)
- Gross domestic product (GDP) 3.67 billion constant 2015 US$ (2024)
- GDP per capita in international and market dollars 33,939 constant 2015 US$ (2024)
- DEC alternative conversion factor 1.79 LCU per US$ (2025)
- Net secondary income (Net current transfers from abroad) -143.03 million current LCU (2024)
- Net secondary income (Net current transfers from abroad) -79.90 million current US$ (2024)
- Taxes less subsidies on products 861.28 million current LCU (2023)
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 107th out of 197 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.