Net errors and omissions in Marshall Islands
Marshall Islands: Net errors and omissions was -49.93 million BoP, current US$ in 2024. ◆ Volatile
Net errors and omissions in Marshall Islands, 2005–2024
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in BoP, current US$.
Analysis
The most recent figure for net errors and omissions in Marshall Islands is -49.93 million BoP, current US$, measured in 2024.
Compared with earlier readings it is up 18.9% on the previous year and down 177.8% over ten years.
Over the whole period, net errors and omissions in Marshall Islands peaked at 37.79 million BoP, current US$ in 2016 and was at its lowest, -106.56 million BoP, current US$, in 2018.
Marshall Islands ranks 118th of 199 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Net errors and omissions in Marshall Islands, year by year
| Year | BoP, current US$ | Change |
|---|---|---|
| 2005 | -7.45 million BoP, current US$ | — |
| 2006 | -43.80 million BoP, current US$ | +487.9% |
| 2007 | -14.92 million BoP, current US$ | -65.9% |
| 2008 | -36.63 million BoP, current US$ | +145.5% |
| 2009 | -28.15 million BoP, current US$ | -23.1% |
| 2010 | 14.32 million BoP, current US$ | -150.9% |
| 2011 | -31.31 million BoP, current US$ | -318.7% |
| 2012 | -18.37 million BoP, current US$ | -41.3% |
| 2013 | -18.38 million BoP, current US$ | +0.0% |
| 2014 | -17.97 million BoP, current US$ | -2.2% |
| 2015 | 27.64 million BoP, current US$ | -253.8% |
| 2016 | 37.79 million BoP, current US$ | +36.7% |
| 2017 | 30.46 million BoP, current US$ | -19.4% |
| 2018 | -106.56 million BoP, current US$ | -449.9% |
| 2019 | -103.11 million BoP, current US$ | -3.2% |
| 2020 | -61.39 million BoP, current US$ | -40.5% |
| 2021 | -39.12 million BoP, current US$ | -36.3% |
| 2022 | -18.24 million BoP, current US$ | -53.4% |
| 2023 | -61.55 million BoP, current US$ | +237.4% |
| 2024 | -49.93 million BoP, current US$ | -18.9% |
Marshall Islands compared with similar countries
- Marshall Islands's -49.93 million BoP, current US$ is below the median for upper middle income countries, which is 2.76 million BoP, current US$. (57 countries reporting)
- Marshall Islands's -49.93 million BoP, current US$ is below the median for East Asia & Pacific, which is -34.59 million BoP, current US$, 1.4× the median. (33 countries reporting)
Biggest year-on-year movements
Years where Net errors and omissions in Marshall Islands changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2006 | -487.9% | -7.45 million BoP, current US$ | -43.80 million BoP, current US$ |
| 2018 | -449.9% | 30.46 million BoP, current US$ | -106.56 million BoP, current US$ |
| 2011 | -318.7% | 14.32 million BoP, current US$ | -31.31 million BoP, current US$ |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -26.19 million BoP, current US$ | -43.80 million BoP, current US$ | -7.45 million BoP, current US$ | 5 |
| 2010s | -18.55 million BoP, current US$ | -106.56 million BoP, current US$ | 37.79 million BoP, current US$ | 10 |
| 2020s | -46.04 million BoP, current US$ | -61.55 million BoP, current US$ | -18.24 million BoP, current US$ | 5 |
Countries ranked near Marshall Islands
- 115 Saint Lucia -41.36 million BoP, current US$ compare
- 116 Ethiopia -48.85 million BoP, current US$ compare
- 117 Sao Tome and Principe -49.27 million BoP, current US$ compare
- 119 San Marino -53.75 million BoP, current US$ compare
- 120 Turks and Caicos Islands -65.78 million BoP, current US$ compare
- 121 Mozambique -77.07 million BoP, current US$ compare
More economy & growth data for Marshall Islands
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 0.6305 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 1.5 Percent per annum (2029)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 13.36 million BoP, current US$ (2024)
- Foreign direct investment, net inflows (BoP, current US$), annual 46.01 % change on previous year (2024)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0469 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net inflows (BoP, current US$), per capita 355.78 BoP, current US$ per person (2024)
- General government final consumption expenditure (current US$) 2.99 % change on previous year (2024)
- General government final consumption expenditure (current US$), per 0.5453 current US$ per US$ of GDP (2024)
- General government final consumption expenditure (current US$), per 4,139 current US$ per person (2024)
- General government final consumption expenditure (current LCU) 2.99 % change on previous year (2024)
Frequently asked questions
- What is net errors and omissions in Marshall Islands?
- Net errors and omissions in Marshall Islands was -49.93 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 Marshall Islands?
- The highest recorded value was 37.79 million BoP, current US$ in 2016.
- What is the lowest net errors and omissions recorded in Marshall Islands?
- The lowest recorded value was -106.56 million BoP, current US$ in 2018.
- How does Marshall Islands rank for net errors and omissions?
- Marshall Islands ranks 118th out of 199 countries with data for 2024.
- Is net errors and omissions rising or falling in Marshall Islands?
- Over the last ten years it is down 177.8%. The long-run trend across the full record is volatile.
- Where does this Marshall 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.