Net errors and omissions in New Caledonia
New Caledonia: Net errors and omissions was -193.68 million BoP, current US$ in 2016. ◆ Volatile
Net errors and omissions in New Caledonia, 2002–2016
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in BoP, current US$.
Analysis
In 2016, net errors and omissions in New Caledonia stood at -193.68 million BoP, current US$.
That represents a change of down 4,234.2% on the previous year and down 177.8% over ten years.
Over the whole period, net errors and omissions in New Caledonia peaked at 268.14 million BoP, current US$ in 2007 and was at its lowest, -235.81 million BoP, current US$, in 2013.
That places New Caledonia 135th out of 199 countries with data for 2016, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Net errors and omissions in New Caledonia, year by year
| Year | BoP, current US$ | Change |
|---|---|---|
| 2002 | -65.81 million BoP, current US$ | — |
| 2003 | -88.54 million BoP, current US$ | +34.5% |
| 2004 | -66.88 million BoP, current US$ | -24.5% |
| 2005 | 84.53 million BoP, current US$ | -226.4% |
| 2006 | -69.72 million BoP, current US$ | -182.5% |
| 2007 | 268.14 million BoP, current US$ | -484.6% |
| 2008 | 131.17 million BoP, current US$ | -51.1% |
| 2009 | 89.62 million BoP, current US$ | -31.7% |
| 2010 | 78.17 million BoP, current US$ | -12.8% |
| 2011 | 98.56 million BoP, current US$ | +26.1% |
| 2012 | -182.16 million BoP, current US$ | -284.8% |
| 2013 | -235.81 million BoP, current US$ | +29.5% |
| 2014 | -148.47 million BoP, current US$ | -37.0% |
| 2015 | -4.47 million BoP, current US$ | -97.0% |
| 2016 | -193.68 million BoP, current US$ | +4234.2% |
New Caledonia compared with similar countries
- New Caledonia's -193.68 million BoP, current US$ is below the median for high income countries, which is -132.48 million BoP, current US$, 1.5× the median. (71 countries reporting)
- New Caledonia's -193.68 million BoP, current US$ is below the median for East Asia & Pacific, which is -34.59 million BoP, current US$, 5.6× the median. (33 countries reporting)
Biggest year-on-year movements
Years where Net errors and omissions in New Caledonia changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2016 | -4234.2% | -4.47 million BoP, current US$ | -193.68 million BoP, current US$ |
| 2007 | +484.6% | -69.72 million BoP, current US$ | 268.14 million BoP, current US$ |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 35.31 million BoP, current US$ | -88.54 million BoP, current US$ | 268.14 million BoP, current US$ | 8 |
| 2010s | -83.98 million BoP, current US$ | -235.81 million BoP, current US$ | 98.56 million BoP, current US$ | 7 |
Countries ranked near New Caledonia
- 132 Iceland -167.65 million BoP, current US$ compare
- 133 Paraguay -185.75 million BoP, current US$ compare
- 134 Algeria -192.96 million BoP, current US$ compare
- 136 Italy -200.60 million BoP, current US$ compare
- 137 Botswana -211.98 million BoP, current US$ compare
- 138 Laos -227.17 million BoP, current US$ compare
More economy & growth data for New Caledonia
- Foreign direct investment, net outflows (BoP, current US$), gaps 45.87 million BoP, current US$ (2024)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0054 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net outflows (BoP, current US$), per capita 156.75 BoP, current US$ per person (2024)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 725.76 million BoP, current US$ (2024)
- Foreign direct investment, net inflows (BoP, current US$), annual 5.6 % change on previous year (2024)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0849 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net inflows (BoP, current US$), per capita 2,480 BoP, current US$ per person (2024)
- General government final consumption expenditure (current US$) 1.06 % change on previous year (2017)
- General government final consumption expenditure (current US$), per 0.2351 current US$ per US$ of GDP (2017)
- General government final consumption expenditure (current US$), per 7,608 current US$ per person (2017)
Frequently asked questions
- What is net errors and omissions in New Caledonia?
- Net errors and omissions in New Caledonia was -193.68 million BoP, current US$ in 2016, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest net errors and omissions recorded in New Caledonia?
- The highest recorded value was 268.14 million BoP, current US$ in 2007.
- What is the lowest net errors and omissions recorded in New Caledonia?
- The lowest recorded value was -235.81 million BoP, current US$ in 2013.
- How does New Caledonia rank for net errors and omissions?
- New Caledonia ranks 135th out of 199 countries with data for 2016.
- Is net errors and omissions rising or falling in New Caledonia?
- Over the last ten years it is down 177.8%. The long-run trend across the full record is volatile.
- Where does this New Caledonia 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.