Net errors and omissions in Philippines
Philippines: Net errors and omissions was -346.43 million BoP, current US$ in 2025. ◆ Volatile
Latest (2025)
-346.43 million BoP, current US$
Change on year
down 840.3%
World rank
144th
of 199 countries
All-time high
2.73 billion BoP, current US$
in 2019
All-time low
-5.25 billion BoP, current US$
in 1997
Years of data
49
1977–2025
Net errors and omissions in Philippines, 1977–2025
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in BoP, current US$.
Analysis
In 2025, net errors and omissions in Philippines stood at -346.43 million BoP, current US$.
Compared with earlier readings it is down 840.3% on the previous year and up 85.8% over ten years.
Over the whole period, net errors and omissions in Philippines peaked at 2.73 billion BoP, current US$ in 2019 and was at its lowest, -5.25 billion BoP, current US$, in 1997.
Philippines ranks 144th of 199 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Net errors and omissions in Philippines, year by year
| Year | BoP, current US$ | Change |
|---|---|---|
| 1977 | 215.00 million BoP, current US$ | — |
| 1978 | 112.85 million BoP, current US$ | -47.5% |
| 1979 | 256.00 million BoP, current US$ | +126.9% |
| 1980 | 94.00 million BoP, current US$ | -63.3% |
| 1981 | -482.00 million BoP, current US$ | -612.8% |
| 1982 | -364.00 million BoP, current US$ | -24.5% |
| 1983 | -367.00 million BoP, current US$ | +0.8% |
| 1984 | 67.00 million BoP, current US$ | -118.3% |
| 1985 | 516.01 million BoP, current US$ | +670.2% |
| 1986 | 4.00 million BoP, current US$ | -99.2% |
| 1987 | 29.00 million BoP, current US$ | +625.0% |
| 1988 | 479.00 million BoP, current US$ | +1551.7% |
| 1989 | 383.00 million BoP, current US$ | -20.0% |
| 1990 | 585.00 million BoP, current US$ | +52.7% |
| 1991 | -138.00 million BoP, current US$ | -123.6% |
| 1992 | -589.00 million BoP, current US$ | +326.8% |
| 1993 | 84.00 million BoP, current US$ | -114.3% |
| 1994 | 164.00 million BoP, current US$ | +95.2% |
| 1995 | -2.10 billion BoP, current US$ | -1377.4% |
| 1996 | -3.01 billion BoP, current US$ | +43.9% |
| 1997 | -5.25 billion BoP, current US$ | +74.1% |
| 1998 | -762.00 million BoP, current US$ | -85.5% |
| 1999 | 2.28 billion BoP, current US$ | -399.2% |
| 2000 | -1.63 billion BoP, current US$ | -171.4% |
| 2001 | 622.00 million BoP, current US$ | -138.2% |
| 2002 | 15.00 million BoP, current US$ | -97.6% |
| 2003 | -910.00 million BoP, current US$ | -6166.7% |
| 2004 | -289.00 million BoP, current US$ | -68.2% |
| 2005 | 2.17 billion BoP, current US$ | -852.2% |
| 2006 | -1.61 billion BoP, current US$ | -174.2% |
| 2007 | 277.24 million BoP, current US$ | -117.2% |
| 2008 | 1.20 billion BoP, current US$ | +334.4% |
| 2009 | -3.01 billion BoP, current US$ | -350.2% |
| 2010 | -3.52 billion BoP, current US$ | +16.7% |
| 2011 | 278.81 million BoP, current US$ | -107.9% |
| 2012 | -4.56 billion BoP, current US$ | -1734.2% |
| 2013 | -4.20 billion BoP, current US$ | -7.8% |
| 2014 | -4.09 billion BoP, current US$ | -2.7% |
| 2015 | -2.43 billion BoP, current US$ | -40.5% |
| 2016 | 273.88 million BoP, current US$ | -111.3% |
| 2017 | -1.59 billion BoP, current US$ | -679.7% |
| 2018 | -2.83 billion BoP, current US$ | +78.0% |
| 2019 | 2.73 billion BoP, current US$ | -196.6% |
| 2020 | -2.53 billion BoP, current US$ | -192.5% |
| 2021 | 774.23 million BoP, current US$ | -130.7% |
| 2022 | -2.91 billion BoP, current US$ | -475.9% |
| 2023 | 2.38 billion BoP, current US$ | -181.7% |
| 2024 | 46.80 million BoP, current US$ | -98.0% |
| 2025 | -346.43 million BoP, current US$ | -840.3% |
Philippines compared with similar countries
- Philippines's -346.43 million BoP, current US$ is below the median for upper middle income countries, which is 2.76 million BoP, current US$. (57 countries reporting)
- Philippines's -346.43 million BoP, current US$ is below the median for East Asia & Pacific, which is -34.59 million BoP, current US$, 10.0× the median. (33 countries reporting)
Biggest year-on-year movements
Years where Net errors and omissions in Philippines changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2003 | -6166.7% | 15.00 million BoP, current US$ | -910.00 million BoP, current US$ |
| 2012 | -1734.2% | 278.81 million BoP, current US$ | -4.56 billion BoP, current US$ |
| 1988 | +1551.7% | 29.00 million BoP, current US$ | 479.00 million BoP, current US$ |
| 1995 | -1377.4% | 164.00 million BoP, current US$ | -2.10 billion BoP, current US$ |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 194.62 million BoP, current US$ | 112.85 million BoP, current US$ | 256.00 million BoP, current US$ | 3 |
| 1980s | 35.90 million BoP, current US$ | -482.00 million BoP, current US$ | 516.01 million BoP, current US$ | 10 |
| 1990s | -873.30 million BoP, current US$ | -5.25 billion BoP, current US$ | 2.28 billion BoP, current US$ | 10 |
| 2000s | -316.12 million BoP, current US$ | -3.01 billion BoP, current US$ | 2.17 billion BoP, current US$ | 10 |
| 2010s | -1.99 billion BoP, current US$ | -4.56 billion BoP, current US$ | 2.73 billion BoP, current US$ | 10 |
| 2020s | -430.61 million BoP, current US$ | -2.91 billion BoP, current US$ | 2.38 billion BoP, current US$ | 6 |
Countries ranked near Philippines
- 141 Sri Lanka -325.42 million BoP, current US$ compare
- 142 Guatemala -332.97 million BoP, current US$ compare
- 143 Gambia -333.27 million BoP, current US$ compare
- 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
More economy & growth data for Philippines
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 4.98 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 6.4 Percent per annum (2029)
- Foreign direct investment, net outflows (BoP, current US$), gaps 1.60 billion BoP, current US$ (2025)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0033 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net outflows (BoP, current US$), per capita 13.72 BoP, current US$ per person (2025)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 7.79 billion BoP, current US$ (2025)
- Foreign direct investment, net inflows (BoP, current US$), annual -17.1 % change on previous year (2025)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.016 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net inflows (BoP, current US$), per capita 66.71 BoP, current US$ per person (2025)
- Total reserves (includes gold, current US$), annual growth rate 4.46 % change on previous year (2025)
Frequently asked questions
- What is net errors and omissions in Philippines?
- Net errors and omissions in Philippines was -346.43 million BoP, current US$ in 2025, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest net errors and omissions recorded in Philippines?
- The highest recorded value was 2.73 billion BoP, current US$ in 2019.
- What is the lowest net errors and omissions recorded in Philippines?
- The lowest recorded value was -5.25 billion BoP, current US$ in 1997.
- How does Philippines rank for net errors and omissions?
- Philippines ranks 144th out of 199 countries with data for 2025.
- Is net errors and omissions rising or falling in Philippines?
- Over the last ten years it is up 85.8%. The long-run trend across the full record is volatile.
- Where does this Philippines 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.