Net errors and omissions in Cayman Islands
Cayman Islands: Net errors and omissions was -152.97 million BoP, current US$ in 2024. ◆ Volatile
Net errors and omissions in Cayman Islands, 2016–2024
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in BoP, current US$.
Analysis
In 2024, net errors and omissions in Cayman Islands stood at -152.97 million BoP, current US$.
That represents a change of down 209.9% on the previous year and down 114.6% over ten years.
Over the whole period, net errors and omissions in Cayman Islands peaked at 1.27 billion BoP, current US$ in 2017 and was at its lowest, -913.10 million BoP, current US$, in 2018.
That places Cayman Islands 129th out of 199 countries with data for 2024, putting it in the middle of the range.
Net errors and omissions in Cayman Islands, year by year
| Year | BoP, current US$ | Change |
|---|---|---|
| 2016 | 1.05 billion BoP, current US$ | — |
| 2017 | 1.27 billion BoP, current US$ | +21.5% |
| 2018 | -913.10 million BoP, current US$ | -171.8% |
| 2019 | -99.63 million BoP, current US$ | -89.1% |
| 2020 | -307.62 million BoP, current US$ | +208.8% |
| 2021 | -145.69 million BoP, current US$ | -52.6% |
| 2022 | -76.95 million BoP, current US$ | -47.2% |
| 2023 | 139.13 million BoP, current US$ | -280.8% |
| 2024 | -152.97 million BoP, current US$ | -209.9% |
Cayman Islands compared with similar countries
- Cayman Islands's -152.97 million BoP, current US$ is below the median for high income countries, which is -132.48 million BoP, current US$, 1.2× the median. (71 countries reporting)
- Cayman Islands's -152.97 million BoP, current US$ is below the median for Latin America & Caribbean, which is -31.77 million BoP, current US$, 4.8× the median. (37 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 326.24 million BoP, current US$ | -913.10 million BoP, current US$ | 1.27 billion BoP, current US$ | 4 |
| 2020s | -108.82 million BoP, current US$ | -307.62 million BoP, current US$ | 139.13 million BoP, current US$ | 5 |
Countries ranked near Cayman Islands
- 126 Samoa -104.12 million BoP, current US$ compare
- 127 Barbados -132.48 million BoP, current US$
- 128 Lesotho -148.77 million BoP, current US$ compare
- 130 Ghana -162.81 million BoP, current US$ compare
- 131 Malta -165.29 million BoP, current US$ compare
- 132 Iceland -167.65 million BoP, current US$ compare
More economy & growth data for Cayman Islands
- Foreign direct investment, net inflows (BoP, current US$), annual -73.72 % change on previous year (2024)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 3.18 billion BoP, current US$ (2024)
- Foreign direct investment, net outflows (BoP, current US$), per capita -23,390 BoP, current US$ per person (2024)
- Foreign direct investment, net outflows (BoP, current US$), per unit -0.2243 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net outflows (BoP, current US$), gaps -1.74 billion BoP, current US$ (2024)
- Services, value added 86.5% (2024)
- Industry (including construction), value added 7.6% (2024)
- Services, value added 6.72 billion current US$ (2024)
- Services, value added 5.60 billion current LCU (2024)
- Services, value added 5.48 billion constant 2015 US$ (2024)
Frequently asked questions
- What is net errors and omissions in Cayman Islands?
- Net errors and omissions in Cayman Islands was -152.97 million BoP, current US$ in 2024, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest net errors and omissions recorded in Cayman Islands?
- The highest recorded value was 1.27 billion BoP, current US$ in 2017.
- What is the lowest net errors and omissions recorded in Cayman Islands?
- The lowest recorded value was -913.10 million BoP, current US$ in 2018.
- How does Cayman Islands rank for net errors and omissions?
- Cayman Islands ranks 129th out of 199 countries with data for 2024.
- Is net errors and omissions rising or falling in Cayman Islands?
- Over the last ten years it is down 114.6%. The long-run trend across the full record is volatile.
- Where does this Cayman Islands 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.