Net errors and omissions in Micronesia (country)
Micronesia (country): Net errors and omissions was -5.84 million BoP, current US$ in 2014. ◆ Volatile
Net errors and omissions in Micronesia (country), 2009–2014
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in BoP, current US$.
Analysis
The most recent figure for net errors and omissions in Micronesia (country) is -5.84 million BoP, current US$, measured in 2014.
That represents a change of up 75.7% on the previous year and up 55.4% over ten years.
Micronesia (country) ranks 101st of 199 countries on this measure, in the middle of the range.
Net errors and omissions in Micronesia (country), year by year
| Year | BoP, current US$ | Change |
|---|---|---|
| 2009 | -13.10 million BoP, current US$ | — |
| 2010 | -10.71 million BoP, current US$ | -18.2% |
| 2011 | -12.07 million BoP, current US$ | +12.7% |
| 2012 | -5.12 million BoP, current US$ | -57.5% |
| 2013 | -23.98 million BoP, current US$ | +368.1% |
| 2014 | -5.84 million BoP, current US$ | -75.7% |
Micronesia (country) compared with similar countries
- Micronesia (country)'s -5.84 million BoP, current US$ is below the median for upper middle income countries, which is 2.76 million BoP, current US$. (57 countries reporting)
- Micronesia (country)'s -5.84 million BoP, current US$ is above the median for East Asia & Pacific, which is -34.59 million BoP, current US$, 17% of the median. (33 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -13.10 million BoP, current US$ | -13.10 million BoP, current US$ | -13.10 million BoP, current US$ | 1 |
| 2010s | -11.55 million BoP, current US$ | -23.98 million BoP, current US$ | -5.12 million BoP, current US$ | 5 |
Countries ranked near Micronesia (country)
- 98 Central African Republic -4.68 million BoP, current US$
- 99 Eswatini -4.69 million BoP, current US$ compare
- 100 Kiribati -4.71 million BoP, current US$ compare
- 102 Burkina Faso -8.15 million BoP, current US$ compare
- 103 Antigua and Barbuda -19.23 million BoP, current US$ compare
- 104 Seychelles -19.83 million BoP, current US$ compare
More economy & growth data for Micronesia (country)
- Industry (including construction), value added (constant 2015 US$) 0.0384 constant 2015 US$ per US$ of GDP (2025)
- Services, value added (current US$), annual growth rate 2.29 % change on previous year (2025)
- Industry (including construction), value added (constant LCU), per 96.73 constant LCU per person (2025)
- Industry (including construction), value added (constant LCU), per 0.0219 constant LCU per US$ of GDP (2025)
- Total reserves (includes gold, current US$), per capita 4,456 includes gold, current US$ per person (2021)
- Industry (including construction), value added (constant LCU), annual 19.1 % change on previous year (2025)
- Industry (including construction), value added (constant 2015 US$) 169.45 constant 2015 US$ per person (2025)
- Total reserves minus gold (current US$), per unit of GDP 1.27 current US$ per US$ of GDP (2021)
- Industry (including construction), value added (current LCU), per 0.0528 current LCU per US$ of GDP (2025)
- Industry (including construction), value added (current LCU), per 232.87 current LCU per person (2025)
Frequently asked questions
- What is net errors and omissions in Micronesia (country)?
- Net errors and omissions in Micronesia (country) was -5.84 million BoP, current US$ in 2014, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest net errors and omissions recorded in Micronesia (country)?
- The highest recorded value was -5.12 million BoP, current US$ in 2012.
- What is the lowest net errors and omissions recorded in Micronesia (country)?
- The lowest recorded value was -23.98 million BoP, current US$ in 2013.
- How does Micronesia (country) rank for net errors and omissions?
- Micronesia (country) ranks 101st out of 199 countries with data for 2014.
- Is net errors and omissions rising or falling in Micronesia (country)?
- Over the last ten years it is up 55.4%. The long-run trend across the full record is volatile.
- Where does this Micronesia (country) 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.