Net errors and omissions in Curacao
Curacao: Net errors and omissions was 61.15 million BoP, current US$ in 2023. ◆ Volatile
Net errors and omissions in Curacao, 2011–2023
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in BoP, current US$.
Analysis
Curacao recorded 61.15 million BoP, current US$ for net errors and omissions in 2023.
Compared with earlier readings it is down 26.1% on the previous year and up 45.0% over ten years.
Over the whole period, net errors and omissions in Curacao peaked at 82.75 million BoP, current US$ in 2022 and was at its lowest, -6.67 million BoP, current US$, in 2018.
That places Curacao 68th out of 199 countries with data for 2023, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Net errors and omissions in Curacao, year by year
| Year | BoP, current US$ | Change |
|---|---|---|
| 2011 | 41.47 million BoP, current US$ | — |
| 2012 | 10.36 million BoP, current US$ | -75.0% |
| 2013 | 42.17 million BoP, current US$ | +307.0% |
| 2014 | 44.65 million BoP, current US$ | +5.9% |
| 2015 | 35.65 million BoP, current US$ | -20.1% |
| 2016 | 40.18 million BoP, current US$ | +12.7% |
| 2017 | 1.33 million BoP, current US$ | -96.7% |
| 2018 | -6.67 million BoP, current US$ | -601.3% |
| 2019 | 42.40 million BoP, current US$ | -736.0% |
| 2020 | 76.68 million BoP, current US$ | +80.9% |
| 2021 | -4.82 million BoP, current US$ | -106.3% |
| 2022 | 82.75 million BoP, current US$ | -1817.1% |
| 2023 | 61.15 million BoP, current US$ | -26.1% |
Curacao compared with similar countries
- Curacao's 61.15 million BoP, current US$ is above the median for high income countries, which is -132.48 million BoP, current US$. (71 countries reporting)
- Curacao's 61.15 million BoP, current US$ is above the median for Latin America & Caribbean, which is -31.77 million BoP, current US$. (37 countries reporting)
Biggest year-on-year movements
Years where Net errors and omissions in Curacao changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2022 | +1817.1% | -4.82 million BoP, current US$ | 82.75 million BoP, current US$ |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 27.95 million BoP, current US$ | -6.67 million BoP, current US$ | 44.65 million BoP, current US$ | 9 |
| 2020s | 53.94 million BoP, current US$ | -4.82 million BoP, current US$ | 82.75 million BoP, current US$ | 4 |
Countries ranked near Curacao
- 65 Estonia 111.97 million BoP, current US$ compare
- 66 Cyprus 89.73 million BoP, current US$ compare
- 67 Georgia 77.97 million BoP, current US$ compare
- 69 North Macedonia 55.51 million BoP, current US$ compare
- 70 Azerbaijan 52.51 million BoP, current US$ compare
- 71 Andorra 41.88 million BoP, current US$ compare
More economy & growth data for Curacao
- Exports of goods and services (current US$), per capita 12,092 current US$ per person (2018)
- Gross fixed capital formation (current US$), per capita 6,510 current US$ per person (2018)
- Gross fixed capital formation (current US$), per unit of GDP 0.3405 current US$ per US$ of GDP (2018)
- Gross fixed capital formation (current US$), annual growth rate 19.03 % change on previous year (2018)
- Exports of goods and services (current LCU), per capita 21,645 current LCU per person (2018)
- Exports of goods and services (current LCU), per unit of GDP 1.13 current LCU per US$ of GDP (2018)
- Exports of goods and services (current LCU), annual growth rate 6.52 % change on previous year (2018)
- Gross national expenditure (current LCU), annual growth rate 7.28 % change on previous year (2018)
- Gross national expenditure (current LCU), per unit of GDP 2.31 current LCU per US$ of GDP (2018)
- Gross national expenditure (current LCU), per capita 44,071 current LCU per person (2018)
Frequently asked questions
- What is net errors and omissions in Curacao?
- Net errors and omissions in Curacao was 61.15 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 Curacao?
- The highest recorded value was 82.75 million BoP, current US$ in 2022.
- What is the lowest net errors and omissions recorded in Curacao?
- The lowest recorded value was -6.67 million BoP, current US$ in 2018.
- How does Curacao rank for net errors and omissions?
- Curacao ranks 68th out of 199 countries with data for 2023.
- Is net errors and omissions rising or falling in Curacao?
- Over the last ten years it is up 45.0%. The long-run trend across the full record is volatile.
- Where does this Curacao 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.