Net errors and omissions (BoP, current US$) in Palau
Palau: Net errors and omissions (BoP, current US$) was -38.17 million BoP, current US$ in 2023. ◆ Volatile
Net errors and omissions in Palau, 2005–2023
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in BoP, current US$.
Analysis
The most recent figure for net errors and omissions in Palau is -38.17 million BoP, current US$, measured in 2023. That is the lowest value across all 19 years on record.
The figure is down 209.9% on the previous year and down 1,139.8% over ten years.
Over the whole period, net errors and omissions in Palau peaked at 37.77 million BoP, current US$ in 2020 and was at its lowest, -38.17 million BoP, current US$, in 2023.
That places Palau 115th out of 199 countries with data for 2023, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Net errors and omissions (BoP, current US$) in Palau, year by year
| Year | BoP, current US$ | Change |
|---|---|---|
| 2005 | -4.71 million BoP, current US$ | — |
| 2006 | -11.29 million BoP, current US$ | +139.5% |
| 2007 | -7.13 million BoP, current US$ | -36.8% |
| 2008 | -4.29 million BoP, current US$ | -39.9% |
| 2009 | -4.61 million BoP, current US$ | +7.3% |
| 2010 | -5.24 million BoP, current US$ | +13.7% |
| 2011 | 8.41 million BoP, current US$ | -260.5% |
| 2012 | 11.20 million BoP, current US$ | +33.2% |
| 2013 | 3.67 million BoP, current US$ | -67.2% |
| 2014 | 12.32 million BoP, current US$ | +235.6% |
| 2015 | 32.23 million BoP, current US$ | +161.6% |
| 2016 | -1.93 million BoP, current US$ | -106.0% |
| 2017 | -2.59 million BoP, current US$ | +34.0% |
| 2018 | -19.07 million BoP, current US$ | +637.3% |
| 2019 | -24.81 million BoP, current US$ | +30.1% |
| 2020 | 37.77 million BoP, current US$ | -252.2% |
| 2021 | 9.99 million BoP, current US$ | -73.5% |
| 2022 | -12.32 million BoP, current US$ | -223.3% |
| 2023 | -38.17 million BoP, current US$ | +209.9% |
Palau compared with similar countries
- Palau's -38.17 million BoP, current US$ is above the median for high income countries, which is -132.48 million BoP, current US$, 29% of the median. (71 countries reporting)
- Palau's -38.17 million BoP, current US$ is above the median for East Asia & Pacific, which is -38.17 million BoP, current US$, 1.0× the median. (33 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -6.41 million BoP, current US$ | -11.29 million BoP, current US$ | -4.29 million BoP, current US$ | 5 |
| 2010s | 1.42 million BoP, current US$ | -24.81 million BoP, current US$ | 32.23 million BoP, current US$ | 10 |
| 2020s | -682,500 BoP, current US$ | -38.17 million BoP, current US$ | 37.77 million BoP, current US$ | 4 |
Countries ranked near Palau
- 112 Papua New Guinea -33.44 million BoP, current US$ compare
- 113 French Polynesia -34.59 million BoP, current US$ compare
- 114 Bosnia and Herzegovina -36.30 million BoP, current US$ compare
- 116 Saint Lucia -41.36 million BoP, current US$ compare
- 117 Ethiopia -48.85 million BoP, current US$ compare
- 118 Cape Verde -49.76 million BoP, current US$ compare
More economy & growth data for Palau
- Real gdp growth, annual growth rate 881.68 % change on previous year (2024)
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 1.69 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 1.5 Percent per annum (2029)
- SDRs holdings, US dollar, annual growth rate 4.97 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0287 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 560.2 units per person (2025)
- SDRs holdings, SDR, annual growth rate -0.043 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0209 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 409.06 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate 5.01 % change on previous year (2025)
Frequently asked questions
- What is net errors and omissions in Palau?
- Net errors and omissions in Palau was -38.17 million BoP, current US$ in 2023, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest net errors and omissions recorded in Palau?
- The highest recorded value was 37.77 million BoP, current US$ in 2020.
- What is the lowest net errors and omissions recorded in Palau?
- The lowest recorded value was -38.17 million BoP, current US$ in 2023.
- How does Palau rank for net errors and omissions?
- Palau ranks 115th out of 199 countries with data for 2023.
- Is net errors and omissions rising or falling in Palau?
- Over the last ten years it is down 1,139.8%. The long-run trend across the full record is volatile.
- Where does this Palau 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.