Net errors and omissions in Barbados
Barbados: Net errors and omissions was -132.48 million BoP, current US$ in 2017. ◆ Volatile
Latest (2017)
-132.48 million BoP, current US$
Change on year
down 430.8%
World rank
127th
of 199 countries
All-time high
185.21 million BoP, current US$
in 2008
All-time low
-322.51 million BoP, current US$
in 2010
Years of data
51
1967–2017
Net errors and omissions in Barbados, 1967–2017
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in BoP, current US$.
Analysis
The most recent figure for net errors and omissions in Barbados is -132.48 million BoP, current US$, measured in 2017.
That represents a change of down 430.8% on the previous year and down 30.8% over ten years.
Over the whole period, net errors and omissions in Barbados peaked at 185.21 million BoP, current US$ in 2008 and was at its lowest, -322.51 million BoP, current US$, in 2010.
Barbados ranks 127th of 199 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Net errors and omissions in Barbados, year by year
| Year | BoP, current US$ | Change |
|---|---|---|
| 1967 | 15.90 million BoP, current US$ | — |
| 1968 | 38.28 million BoP, current US$ | +140.8% |
| 1969 | 11.28 million BoP, current US$ | -70.5% |
| 1970 | 20.34 million BoP, current US$ | +80.3% |
| 1971 | 35.55 million BoP, current US$ | +74.8% |
| 1972 | 21.45 million BoP, current US$ | -39.7% |
| 1973 | -551,500 BoP, current US$ | -102.6% |
| 1974 | 55.31 million BoP, current US$ | -10128.8% |
| 1975 | 63.69 million BoP, current US$ | +15.2% |
| 1976 | 25.68 million BoP, current US$ | -59.7% |
| 1977 | 18.90 million BoP, current US$ | -26.4% |
| 1978 | 23.58 million BoP, current US$ | +24.8% |
| 1979 | 25.03 million BoP, current US$ | +6.1% |
| 1980 | 13.69 million BoP, current US$ | -45.3% |
| 1981 | -22.98 million BoP, current US$ | -267.9% |
| 1982 | 54.84 million BoP, current US$ | -338.6% |
| 1983 | 17.38 million BoP, current US$ | -68.3% |
| 1984 | 32.49 million BoP, current US$ | +86.9% |
| 1985 | 23.80 million BoP, current US$ | -26.8% |
| 1986 | -116.03 million BoP, current US$ | -587.6% |
| 1987 | -86.40 million BoP, current US$ | -25.5% |
| 1988 | 6.27 million BoP, current US$ | -107.3% |
| 1989 | -34.90 million BoP, current US$ | -657.0% |
| 1990 | -10.30 million BoP, current US$ | -70.5% |
| 1991 | -54.42 million BoP, current US$ | +428.4% |
| 1992 | 41.69 million BoP, current US$ | -176.6% |
| 1993 | -25.43 million BoP, current US$ | -161.0% |
| 1994 | -2.22 million BoP, current US$ | -91.3% |
| 1995 | -16.75 million BoP, current US$ | +652.9% |
| 1996 | 85.06 million BoP, current US$ | -607.8% |
| 1997 | -22.44 million BoP, current US$ | -126.4% |
| 1998 | 45.33 million BoP, current US$ | -302.0% |
| 1999 | 118.73 million BoP, current US$ | +161.9% |
| 2000 | 131.13 million BoP, current US$ | +10.4% |
| 2001 | 58.92 million BoP, current US$ | -55.1% |
| 2002 | -70.29 million BoP, current US$ | -219.3% |
| 2003 | 152.89 million BoP, current US$ | -317.5% |
| 2004 | 116.75 million BoP, current US$ | -23.6% |
| 2005 | -1.38 million BoP, current US$ | -101.2% |
| 2006 | 37.73 million BoP, current US$ | -2841.5% |
| 2007 | -101.27 million BoP, current US$ | -368.4% |
| 2008 | 185.21 million BoP, current US$ | -282.9% |
| 2009 | 171.84 million BoP, current US$ | -7.2% |
| 2010 | -322.51 million BoP, current US$ | -287.7% |
| 2011 | -65.84 million BoP, current US$ | -79.6% |
| 2012 | 64.05 million BoP, current US$ | -197.3% |
| 2013 | -257.26 million BoP, current US$ | -501.7% |
| 2014 | -181.57 million BoP, current US$ | -29.4% |
| 2015 | -134.57 million BoP, current US$ | -25.9% |
| 2016 | 40.05 million BoP, current US$ | -129.8% |
| 2017 | -132.48 million BoP, current US$ | -430.8% |
Barbados compared with similar countries
- Barbados's -132.48 million BoP, current US$ is above the median for high income countries, which is -132.48 million BoP, current US$, 1.0× the median. (71 countries reporting)
- Barbados's -132.48 million BoP, current US$ is below the median for Latin America & Caribbean, which is -31.77 million BoP, current US$, 4.2× the median. (37 countries reporting)
Biggest year-on-year movements
Years where Net errors and omissions in Barbados changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1974 | +10128.8% | -551,500 BoP, current US$ | 55.31 million BoP, current US$ |
| 2006 | +2841.5% | -1.38 million BoP, current US$ | 37.73 million BoP, current US$ |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 21.82 million BoP, current US$ | 11.28 million BoP, current US$ | 38.28 million BoP, current US$ | 3 |
| 1970s | 28.90 million BoP, current US$ | -551,500 BoP, current US$ | 63.69 million BoP, current US$ | 10 |
| 1980s | -11.18 million BoP, current US$ | -116.03 million BoP, current US$ | 54.84 million BoP, current US$ | 10 |
| 1990s | 15.92 million BoP, current US$ | -54.42 million BoP, current US$ | 118.73 million BoP, current US$ | 10 |
| 2000s | 68.15 million BoP, current US$ | -101.27 million BoP, current US$ | 185.21 million BoP, current US$ | 10 |
| 2010s | -123.77 million BoP, current US$ | -322.51 million BoP, current US$ | 64.05 million BoP, current US$ | 8 |
Countries ranked near Barbados
- 124 Namibia -80.84 million BoP, current US$ compare
- 125 South Sudan -92.80 million BoP, current US$
- 126 Samoa -104.12 million BoP, current US$ compare
- 128 Lesotho -148.77 million BoP, current US$ compare
- 129 Cayman Islands -152.97 million BoP, current US$
- 130 Ghana -162.81 million BoP, current US$ compare
More economy & growth data for Barbados
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 1.99 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 2 Percent per annum (2029)
- Foreign direct investment, net outflows (BoP, current US$), gaps 18.57 million BoP, current US$ (2024)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0024 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net outflows (BoP, current US$), per capita 65.74 BoP, current US$ per person (2024)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 303.06 million BoP, current US$ (2024)
- Foreign direct investment, net inflows (BoP, current US$), annual 34.75 % change on previous year (2024)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0399 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net inflows (BoP, current US$), per capita 1,073 BoP, current US$ per person (2024)
- Total reserves (includes gold, current US$), annual growth rate 2.97 % change on previous year (2024)
Frequently asked questions
- What is net errors and omissions in Barbados?
- Net errors and omissions in Barbados was -132.48 million BoP, current US$ in 2017, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest net errors and omissions recorded in Barbados?
- The highest recorded value was 185.21 million BoP, current US$ in 2008.
- What is the lowest net errors and omissions recorded in Barbados?
- The lowest recorded value was -322.51 million BoP, current US$ in 2010.
- How does Barbados rank for net errors and omissions?
- Barbados ranks 127th out of 199 countries with data for 2017.
- Is net errors and omissions rising or falling in Barbados?
- Over the last ten years it is down 30.8%. The long-run trend across the full record is volatile.
- Where does this Barbados 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.
Download this data
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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.