Net errors and omissions (BoP, current US$) in South Korea
South Korea: Net errors and omissions (BoP, current US$) was -3.55 billion BoP, current US$ in 2025. ◆ Volatile
Net errors and omissions in South Korea, 1976–2025
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in BoP, current US$.
Analysis
South Korea recorded -3.55 billion BoP, current US$ for net errors and omissions in 2025.
Compared with earlier readings it is down 4.7% on the previous year and down 68.9% over ten years.
Over the whole period, net errors and omissions in South Korea peaked at 9.94 billion BoP, current US$ in 2006 and was at its lowest, -8.27 billion BoP, current US$, in 2008.
That places South Korea 179th out of 199 countries with data for 2025, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Net errors and omissions (BoP, current US$) in South Korea, year by year
| Year | BoP, current US$ | Change |
|---|---|---|
| 1976 | -242.14 million BoP, current US$ | — |
| 1977 | -32.71 million BoP, current US$ | -86.5% |
| 1978 | -312.00 million BoP, current US$ | +853.8% |
| 1979 | -312.00 million BoP, current US$ | -0.0% |
| 1980 | 567.50 million BoP, current US$ | -281.9% |
| 1981 | 1.48 billion BoP, current US$ | +160.2% |
| 1982 | 1.02 billion BoP, current US$ | -30.9% |
| 1983 | -117.30 million BoP, current US$ | -111.5% |
| 1984 | 147.60 million BoP, current US$ | -225.8% |
| 1985 | -1.82 billion BoP, current US$ | -1335.0% |
| 1986 | 343.20 million BoP, current US$ | -118.8% |
| 1987 | 2.49 billion BoP, current US$ | +624.8% |
| 1988 | 1.02 billion BoP, current US$ | -59.0% |
| 1989 | 1.82 billion BoP, current US$ | +78.5% |
| 1990 | -725.00 million BoP, current US$ | -139.8% |
| 1991 | 826.70 million BoP, current US$ | -214.0% |
| 1992 | 1.32 billion BoP, current US$ | +59.4% |
| 1993 | -1.22 billion BoP, current US$ | -192.3% |
| 1994 | -1.50 billion BoP, current US$ | +23.7% |
| 1995 | -1.29 billion BoP, current US$ | -14.4% |
| 1996 | 993.20 million BoP, current US$ | -177.2% |
| 1997 | -6.97 billion BoP, current US$ | -802.2% |
| 1998 | -6.59 billion BoP, current US$ | -5.6% |
| 1999 | -3.47 billion BoP, current US$ | -47.3% |
| 2000 | -693.40 million BoP, current US$ | -80.0% |
| 2001 | 6.19 billion BoP, current US$ | -992.4% |
| 2002 | 1.50 billion BoP, current US$ | -75.7% |
| 2003 | 5.42 billion BoP, current US$ | +260.7% |
| 2004 | 4.76 billion BoP, current US$ | -12.2% |
| 2005 | 6.26 billion BoP, current US$ | +31.5% |
| 2006 | 9.94 billion BoP, current US$ | +58.8% |
| 2007 | 6.65 billion BoP, current US$ | -33.1% |
| 2008 | -8.27 billion BoP, current US$ | -224.5% |
| 2009 | -5.84 billion BoP, current US$ | -29.5% |
| 2010 | -6.37 billion BoP, current US$ | +9.1% |
| 2011 | 6.39 billion BoP, current US$ | -200.4% |
| 2012 | -359.60 million BoP, current US$ | -105.6% |
| 2013 | 1.31 billion BoP, current US$ | -463.6% |
| 2014 | 3.49 billion BoP, current US$ | +166.7% |
| 2015 | -2.10 billion BoP, current US$ | -160.3% |
| 2016 | 2.05 billion BoP, current US$ | -197.5% |
| 2017 | 9.31 billion BoP, current US$ | +354.7% |
| 2018 | -1.31 billion BoP, current US$ | -114.1% |
| 2019 | -479.90 million BoP, current US$ | -63.4% |
| 2020 | 5.27 billion BoP, current US$ | -1197.2% |
| 2021 | -5.23 billion BoP, current US$ | -199.4% |
| 2022 | 3.82 billion BoP, current US$ | -173.1% |
| 2023 | -495.30 million BoP, current US$ | -113.0% |
| 2024 | -3.39 billion BoP, current US$ | +584.1% |
| 2025 | -3.55 billion BoP, current US$ | +4.7% |
South Korea compared with similar countries
- South Korea's -3.55 billion BoP, current US$ is below the median for high income countries, which is -132.48 million BoP, current US$, 26.8× the median. (71 countries reporting)
- South Korea's -3.55 billion BoP, current US$ is below the median for East Asia & Pacific, which is -38.17 million BoP, current US$, 92.9× the median. (33 countries reporting)
Biggest year-on-year movements
Years where Net errors and omissions (BoP, current US$) in South Korea 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 |
|---|---|---|---|
| 1985 | -1335.0% | 147.60 million BoP, current US$ | -1.82 billion BoP, current US$ |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | -224.71 million BoP, current US$ | -312.00 million BoP, current US$ | -32.71 million BoP, current US$ | 4 |
| 1980s | 694.20 million BoP, current US$ | -1.82 billion BoP, current US$ | 2.49 billion BoP, current US$ | 10 |
| 1990s | -1.86 billion BoP, current US$ | -6.97 billion BoP, current US$ | 1.32 billion BoP, current US$ | 10 |
| 2000s | 2.59 billion BoP, current US$ | -8.27 billion BoP, current US$ | 9.94 billion BoP, current US$ | 10 |
| 2010s | 1.19 billion BoP, current US$ | -6.37 billion BoP, current US$ | 9.31 billion BoP, current US$ | 10 |
| 2020s | -596.03 million BoP, current US$ | -5.23 billion BoP, current US$ | 5.27 billion BoP, current US$ | 6 |
Countries ranked near South Korea
- 176 Myanmar -2.49 billion BoP, current US$ compare
- 177 Uzbekistan -3.49 billion BoP, current US$ compare
- 178 Panama -3.54 billion BoP, current US$ compare
- 180 Ecuador -3.55 billion BoP, current US$ compare
- 181 Belgium -3.77 billion BoP, current US$ compare
- 182 Bulgaria -4.02 billion BoP, current US$ compare
More economy & growth data for South Korea
- Real gdp growth, annual growth rate -49.75 % change on previous year (2025)
- SDRs holdings, US dollar, annual growth rate 7.89 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0085 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 307.17 units per person (2025)
- SDRs holdings, SDR, annual growth rate 2.74 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0062 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 224.29 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate 4.58 % change on previous year (2025)
- IMF holdings of currency, US dollar, per unit of GDP 0.0047 units per US$ of GDP (2025)
- IMF holdings of currency, US dollar, per capita 168.75 units per person (2025)
Frequently asked questions
- What is net errors and omissions in South Korea?
- Net errors and omissions in South Korea was -3.55 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 South Korea?
- The highest recorded value was 9.94 billion BoP, current US$ in 2006.
- What is the lowest net errors and omissions recorded in South Korea?
- The lowest recorded value was -8.27 billion BoP, current US$ in 2008.
- How does South Korea rank for net errors and omissions?
- South Korea ranks 179th out of 199 countries with data for 2025.
- Is net errors and omissions rising or falling in South Korea?
- Over the last ten years it is down 68.9%. The long-run trend across the full record is volatile.
- Where does this South Korea 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.