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$, in 2008.
Mongolia ranks 148th of 199 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Net errors and omissions in Mongolia, year by year
| Year | BoP, current US$ | Change |
|---|---|---|
| 1981 | -1.20 million BoP, current US$ | — |
| 1982 | -19.90 million BoP, current US$ | +1558.3% |
| 1983 | 80.40 million BoP, current US$ | -504.0% |
| 1984 | 10.70 million BoP, current US$ | -86.7% |
| 1985 | 83.60 million BoP, current US$ | +681.3% |
| 1986 | -11.30 million BoP, current US$ | -113.5% |
| 1987 | -76.50 million BoP, current US$ | +577.0% |
| 1988 | 14.60 million BoP, current US$ | -119.1% |
| 1989 | -122.68 million BoP, current US$ | -940.3% |
| 1990 | 111.94 million BoP, current US$ | -191.2% |
| 1991 | 2.05 million BoP, current US$ | -98.2% |
| 1992 | 55.24 million BoP, current US$ | +2594.6% |
| 1993 | -54.65 million BoP, current US$ | -198.9% |
| 1994 | -22.34 million BoP, current US$ | -59.1% |
| 1995 | 11.90 million BoP, current US$ | -153.3% |
| 1996 | -9.30 million BoP, current US$ | -178.2% |
| 1997 | -67.28 million BoP, current US$ | +623.4% |
| 1998 | -70.68 million BoP, current US$ | +5.1% |
| 1999 | 30.91 million BoP, current US$ | -143.7% |
| 2000 | -44.91 million BoP, current US$ | -245.3% |
| 2001 | -81.07 million BoP, current US$ | +80.5% |
| 2002 | -24.67 million BoP, current US$ | -69.6% |
| 2003 | 39.25 million BoP, current US$ | -259.1% |
| 2004 | -334.43 million BoP, current US$ | -952.1% |
| 2005 | -191.41 million BoP, current US$ | -42.8% |
| 2006 | -421.02 million BoP, current US$ | +120.0% |
| 2007 | -212.43 million BoP, current US$ | -49.5% |
| 2008 | -773.99 million BoP, current US$ | +264.4% |
| 2009 | 128.48 million BoP, current US$ | -116.6% |
| 2010 | -62.37 million BoP, current US$ | -148.5% |
| 2011 | -182.46 million BoP, current US$ | +192.5% |
| 2012 | 188.24 million BoP, current US$ | -203.2% |
| 2013 | -84.11 million BoP, current US$ | -144.7% |
| 2014 | -176.12 million BoP, current US$ | +109.4% |
| 2015 | -223.31 million BoP, current US$ | +26.8% |
| 2016 | -221.21 million BoP, current US$ | -0.9% |
| 2017 | -55.63 million BoP, current US$ | -74.9% |
| 2018 | -126.73 million BoP, current US$ | +127.8% |
| 2019 | -223.91 million BoP, current US$ | +76.7% |
| 2020 | -145.57 million BoP, current US$ | -35.0% |
| 2021 | -209.39 million BoP, current US$ | +43.8% |
| 2022 | -222.06 million BoP, current US$ | +6.1% |
| 2023 | -275.73 million BoP, current US$ | +24.2% |
| 2024 | -393.23 million BoP, current US$ | +42.6% |
Mongolia compared with similar countries
- Mongolia's -393.23 million BoP, current US$ is below the median for upper middle income countries, which is 2.76 million BoP, current US$. (57 countries reporting)
- Mongolia's -393.23 million BoP, current US$ is below the median for East Asia & Pacific, which is -34.59 million BoP, current US$, 11.4× the median. (33 countries reporting)
Biggest year-on-year movements
Years where Net errors and omissions in Mongolia changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1992 | +2594.6% | 2.05 million BoP, current US$ | 55.24 million BoP, current US$ |
| 1982 | -1558.3% | -1.20 million BoP, current US$ | -19.90 million BoP, current US$ |
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
- 145 Malaysia -347.42 million BoP, current US$ compare
- 146 Bermuda -370.23 million BoP, current US$ compare
- 147 Congo -383.56 million BoP, current US$ compare
- 149 Finland -408.69 million BoP, current US$ compare
- 150 New Zealand -416.44 million BoP, current US$ compare
- 151 Bahrain -494.68 million BoP, current US$ compare
More economy & growth data for Mongolia
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 4.08 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 5.17 Percent per annum (2029)
- Foreign direct investment, net outflows (BoP, current US$), gaps 55.47 million BoP, current US$ (2024)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0023 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net outflows (BoP, current US$), per capita 15.74 BoP, current US$ per person (2024)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 2.78 billion BoP, current US$ (2024)
- Foreign direct investment, net inflows (BoP, current US$), annual 23.79 % change on previous year (2024)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.1169 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net inflows (BoP, current US$), per capita 789.32 BoP, current US$ per person (2024)
- Total reserves (includes gold, current US$), annual growth rate 27.16 % change on previous year (2025)
Frequently asked questions
- What is net errors and omissions in Mongolia?
- Net errors and omissions in Mongolia was -393.23 million BoP, current US$ 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 148th out of 199 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.
Download this data
CSV · JSON — 44 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.