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 99th of 197 countries on this measure, in the middle of the range.
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)
- 96 Central African Republic -4.68 million BoP, current US$ compare
- 97 Eswatini -4.69 million BoP, current US$ compare
- 98 Kiribati -4.71 million BoP, current US$ compare
- 100 Burkina Faso -8.15 million BoP, current US$ compare
- 101 Antigua and Barbuda -19.23 million BoP, current US$ compare
- 102 Seychelles -19.83 million BoP, current US$ compare
More economy & growth data for Micronesia (country)
- External balance on goods and services as a percent of GDP -48.8% (2025)
- Inflation of consumer prices 5.4% (2022)
- GDP per capita 3,020 constant 2015 US$ (2025)
- Share of manufacturing in gross domestic product (GDP) 0.5% (2025)
- Gross domestic product (GDP) 343.29 million constant 2015 US$ (2025)
- GDP per capita in international and market dollars 3,020 constant 2015 US$ (2025)
- DEC alternative conversion factor 1 LCU per US$ (2025)
- Net secondary income (Net current transfers from abroad) 212.70 million current LCU (2025)
- Net secondary income (Net current transfers from abroad) 212.70 million current US$ (2025)
- Taxes less subsidies on products 44.46 million current LCU (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 99th out of 197 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.
Download this data
CSV · JSON — 6 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
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.