Net errors and omissions in Mongolia
Mongolia: Net errors and omissions was -393.23 million BoP, current US$ in 2024. ◆ Volatile
Net errors and omissions in Mongolia, 1981–2024
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in BoP, current US$.
Analysis
Mongolia recorded -393.23 million BoP, current US$ for net errors and omissions in 2024.
Compared with earlier readings it is down 42.6% on the previous year and down 123.3% over ten years.
Over the whole period, net errors and omissions in Mongolia peaked at 188.24 million BoP, current US$ in 2012 and was at its lowest, -773.99 million BoP, current US$, in 2008.
Mongolia ranks 146th of 197 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | -4.70 million BoP, current US$ | -122.68 million BoP, current US$ | 83.60 million BoP, current US$ | 9 |
| 1990s | -1.22 million BoP, current US$ | -70.68 million BoP, current US$ | 111.94 million BoP, current US$ | 10 |
| 2000s | -191.62 million BoP, current US$ | -773.99 million BoP, current US$ | 128.48 million BoP, current US$ | 10 |
| 2010s | -116.76 million BoP, current US$ | -223.91 million BoP, current US$ | 188.24 million BoP, current US$ | 10 |
| 2020s | -249.19 million BoP, current US$ | -393.23 million BoP, current US$ | -145.57 million BoP, current US$ | 5 |
Countries ranked near Mongolia
- 143 Malaysia -347.42 million BoP, current US$ compare
- 144 Bermuda -370.23 million BoP, current US$ compare
- 145 Congo -383.56 million BoP, current US$ compare
- 147 Finland -408.69 million BoP, current US$ compare
- 148 New Zealand -416.44 million BoP, current US$ compare
- 149 Bahrain -494.68 million BoP, current US$ compare
More economy & growth data for Mongolia
- External balance on goods and services as a percent of GDP 5.4% (2025)
- Inflation of consumer prices 8.6% (2025)
- GDP per capita 4,882 constant 2015 US$ (2025)
- Share of manufacturing in gross domestic product (GDP) 5.9% (2025)
- Gross domestic product (GDP) 17.42 billion constant 2015 US$ (2025)
- GDP per capita in international and market dollars 4,882 constant 2015 US$ (2025)
- DEC alternative conversion factor 3,545 LCU per US$ (2025)
- Net secondary income (Net current transfers from abroad) 1.26 trillion current LCU (2025)
- Net secondary income (Net current transfers from abroad) 355.63 million current US$ (2025)
- Taxes less subsidies on products 8.52 trillion current LCU (2025)
Frequently asked questions
- What is net errors and omissions in Mongolia?
- Net errors and omissions in Mongolia was -393.23 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 Mongolia?
- The highest recorded value was 188.24 million BoP, current US$ in 2012.
- What is the lowest net errors and omissions recorded in Mongolia?
- The lowest recorded value was -773.99 million BoP, current US$ in 2008.
- How does Mongolia rank for net errors and omissions?
- Mongolia ranks 146th out of 197 countries with data for 2024.
- Is net errors and omissions rising or falling in Mongolia?
- Over the last ten years it is down 123.3%. The long-run trend across the full record is volatile.
- Where does this Mongolia 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.