Net errors and omissions in Myanmar
Myanmar: Net errors and omissions was -2.49 billion BoP, current US$ in 2019. ◆ Volatile
Net errors and omissions in Myanmar, 1976–2019
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in BoP, current US$.
Analysis
In 2019, net errors and omissions in Myanmar stood at -2.49 billion BoP, current US$.
Compared with earlier readings it is down 563.4% on the previous year and down 146.1% over ten years.
Over the whole period, net errors and omissions in Myanmar peaked at 5.87 billion BoP, current US$ in 2012 and was at its lowest, -2.51 billion BoP, current US$, in 2013.
That places Myanmar 175th out of 199 countries with data for 2019, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Net errors and omissions in Myanmar, year by year
| Year | BoP, current US$ | Change |
|---|---|---|
| 1976 | 2.88 million BoP, current US$ | — |
| 1977 | -3.34 million BoP, current US$ | -215.9% |
| 1978 | -31.32 million BoP, current US$ | +838.3% |
| 1979 | -12.68 million BoP, current US$ | -59.5% |
| 1980 | -4.30 million BoP, current US$ | -66.1% |
| 1981 | -32.82 million BoP, current US$ | +664.0% |
| 1982 | 26.86 million BoP, current US$ | -181.8% |
| 1983 | 87.78 million BoP, current US$ | +226.8% |
| 1984 | 15.41 million BoP, current US$ | -82.4% |
| 1985 | 48.22 million BoP, current US$ | +212.9% |
| 1986 | 55.55 million BoP, current US$ | +15.2% |
| 1987 | -609,669 BoP, current US$ | -101.1% |
| 1988 | 103.15 million BoP, current US$ | -17018.4% |
| 1989 | 44.89 million BoP, current US$ | -56.5% |
| 1990 | 19.01 million BoP, current US$ | -57.6% |
| 1991 | -54.15 million BoP, current US$ | -384.8% |
| 1992 | 17.67 million BoP, current US$ | -132.6% |
| 1993 | -10.01 million BoP, current US$ | -156.6% |
| 1994 | -10.18 million BoP, current US$ | +1.8% |
| 1995 | -15.51 million BoP, current US$ | +52.3% |
| 1996 | -11.82 million BoP, current US$ | -23.8% |
| 1997 | -41.03 million BoP, current US$ | +247.2% |
| 1998 | 19.38 million BoP, current US$ | -147.2% |
| 1999 | -12.89 million BoP, current US$ | -166.5% |
| 2000 | -23.48 million BoP, current US$ | +82.2% |
| 2001 | -14.22 million BoP, current US$ | -39.4% |
| 2002 | -18.58 million BoP, current US$ | +30.7% |
| 2003 | -78.42 million BoP, current US$ | +322.0% |
| 2004 | -141.14 million BoP, current US$ | +80.0% |
| 2005 | -604.23 million BoP, current US$ | +328.1% |
| 2006 | -625.69 million BoP, current US$ | +3.6% |
| 2007 | -335.69 million BoP, current US$ | -46.3% |
| 2008 | -1.36 billion BoP, current US$ | +305.7% |
| 2009 | -1.01 billion BoP, current US$ | -25.9% |
| 2010 | -2.13 billion BoP, current US$ | +111.2% |
| 2011 | -137.37 million BoP, current US$ | -93.6% |
| 2012 | 5.87 billion BoP, current US$ | -4369.7% |
| 2013 | -2.51 billion BoP, current US$ | -142.9% |
| 2014 | 1.85 billion BoP, current US$ | -173.6% |
| 2015 | -882.81 million BoP, current US$ | -147.7% |
| 2016 | -2.15 billion BoP, current US$ | +143.3% |
| 2017 | -756.33 million BoP, current US$ | -64.8% |
| 2018 | 536.40 million BoP, current US$ | -170.9% |
| 2019 | -2.49 billion BoP, current US$ | -563.4% |
Myanmar compared with similar countries
- Myanmar's -2.49 billion BoP, current US$ is below the median for lower middle income countries, which is 3.83 million BoP, current US$. (47 countries reporting)
- Myanmar's -2.49 billion BoP, current US$ is below the median for East Asia & Pacific, which is -34.59 million BoP, current US$, 71.9× the median. (33 countries reporting)
Biggest year-on-year movements
Years where Net errors and omissions in Myanmar changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1988 | +17018.4% | -609,669 BoP, current US$ | 103.15 million BoP, current US$ |
| 2012 | +4369.7% | -137.37 million BoP, current US$ | 5.87 billion BoP, current US$ |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | -11.12 million BoP, current US$ | -31.32 million BoP, current US$ | 2.88 million BoP, current US$ | 4 |
| 1980s | 34.41 million BoP, current US$ | -32.82 million BoP, current US$ | 103.15 million BoP, current US$ | 10 |
| 1990s | -9.95 million BoP, current US$ | -54.15 million BoP, current US$ | 19.38 million BoP, current US$ | 10 |
| 2000s | -421.32 million BoP, current US$ | -1.36 billion BoP, current US$ | -14.22 million BoP, current US$ | 10 |
| 2010s | -280.37 million BoP, current US$ | -2.51 billion BoP, current US$ | 5.87 billion BoP, current US$ | 10 |
Countries ranked near Myanmar
- 172 Chile -1.81 billion BoP, current US$ compare
- 173 Czechia -1.82 billion BoP, current US$ compare
- 174 Lithuania -2.12 billion BoP, current US$ compare
- 176 Indonesia -2.66 billion BoP, current US$ compare
- 177 Venezuela -2.79 billion BoP, current US$ compare
- 178 Ecuador -2.81 billion BoP, current US$ compare
More economy & growth data for Myanmar
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 1.44 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 2.01 Percent per annum (2029)
- Foreign direct investment, net outflows (BoP, current US$), gaps 0 BoP, current US$ (1989)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0 BoP, current US$ per US$ of GDP (1989)
- Foreign direct investment, net outflows (BoP, current US$), per capita 0 BoP, current US$ per person (1989)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 1.10 billion BoP, current US$ (2024)
- Foreign direct investment, net inflows (BoP, current US$), annual -27.95 % change on previous year (2024)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0148 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net inflows (BoP, current US$), per capita 20.1 BoP, current US$ per person (2024)
- Total reserves (includes gold, current US$), annual growth rate 14.13 % change on previous year (2023)
Frequently asked questions
- What is net errors and omissions in Myanmar?
- Net errors and omissions in Myanmar was -2.49 billion BoP, current US$ in 2019, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest net errors and omissions recorded in Myanmar?
- The highest recorded value was 5.87 billion BoP, current US$ in 2012.
- What is the lowest net errors and omissions recorded in Myanmar?
- The lowest recorded value was -2.51 billion BoP, current US$ in 2013.
- How does Myanmar rank for net errors and omissions?
- Myanmar ranks 175th out of 199 countries with data for 2019.
- Is net errors and omissions rising or falling in Myanmar?
- Over the last ten years it is down 146.1%. The long-run trend across the full record is volatile.
- Where does this Myanmar 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.