Net errors and omissions in Australia
Australia: Net errors and omissions was 1.04 billion BoP, current US$ in 2025. ◆ Volatile
Net errors and omissions in Australia, 1989–2025
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in BoP, current US$.
Analysis
In 2025, net errors and omissions in Australia stood at 1.04 billion BoP, current US$.
Compared with earlier readings it is up 115.3% on the previous year and up 112.1% over ten years.
Over the whole period, net errors and omissions in Australia peaked at 10.56 billion BoP, current US$ in 2020 and was at its lowest, -8.60 billion BoP, current US$, in 2015.
That places Australia 30th out of 197 countries with data for 2025, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 1.57 billion BoP, current US$ | 1.57 billion BoP, current US$ | 1.57 billion BoP, current US$ | 1 |
| 1990s | 460.56 million BoP, current US$ | -654.68 million BoP, current US$ | 1.62 billion BoP, current US$ | 10 |
| 2000s | 256.67 million BoP, current US$ | -3.84 billion BoP, current US$ | 1.83 billion BoP, current US$ | 10 |
| 2010s | -404.70 million BoP, current US$ | -8.60 billion BoP, current US$ | 5.62 billion BoP, current US$ | 10 |
| 2020s | 3.88 billion BoP, current US$ | -6.81 billion BoP, current US$ | 10.56 billion BoP, current US$ | 6 |
Countries ranked near Australia
- 27 Syria 1.13 billion BoP, current US$ compare
- 28 Spain 1.12 billion BoP, current US$ compare
- 29 Belarus 1.09 billion BoP, current US$ compare
- 31 El Salvador 953.08 million BoP, current US$ compare
- 32 Armenia 816.01 million BoP, current US$ compare
- 33 Suriname 809.72 million BoP, current US$ compare
More economy & growth data for Australia
- External balance on goods and services as a percent of GDP 0.6% (2025)
- Inflation of consumer prices 2.9% (2025)
- GDP per capita 61,369 constant 2015 US$ (2025)
- Share of manufacturing in gross domestic product (GDP) 5.3% (2025)
- Gross domestic product (GDP) 1.69 trillion constant 2015 US$ (2025)
- GDP per capita in international and market dollars 61,369 constant 2015 US$ (2025)
- DEC alternative conversion factor 1.55 LCU per US$ (2025)
- Net secondary income (Net current transfers from abroad) -521.00 million current LCU (2025)
- Net secondary income (Net current transfers from abroad) -337.19 million current US$ (2025)
- Taxes less subsidies on products 177.87 billion current LCU (2025)
Frequently asked questions
- What is net errors and omissions in Australia?
- Net errors and omissions in Australia was 1.04 billion BoP, current US$ in 2025, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest net errors and omissions recorded in Australia?
- The highest recorded value was 10.56 billion BoP, current US$ in 2020.
- What is the lowest net errors and omissions recorded in Australia?
- The lowest recorded value was -8.60 billion BoP, current US$ in 2015.
- How does Australia rank for net errors and omissions?
- Australia ranks 30th out of 197 countries with data for 2025.
- Is net errors and omissions rising or falling in Australia?
- Over the last ten years it is up 112.1%. The long-run trend across the full record is volatile.
- Where does this Australia 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.