Net errors and omissions in Philippines
Philippines: Net errors and omissions was -346.43 million BoP, current US$ in 2025. ◆ Volatile
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$, in 1997.
Philippines ranks 142nd of 197 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 194.62 million BoP, current US$ | 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
- 139 Sri Lanka -325.42 million BoP, current US$ compare
- 140 Guatemala -332.97 million BoP, current US$ compare
- 141 Gambia -333.27 million BoP, current US$ compare
- 143 Malaysia -347.42 million BoP, current US$ compare
- 144 Bermuda -370.23 million BoP, current US$ compare
- 145 Congo -383.56 million BoP, current US$ compare
More economy & growth data for Philippines
- External balance on goods and services as a percent of GDP -13.7% (2025)
- Inflation of consumer prices 1.7% (2025)
- GDP per capita 4,066 constant 2015 US$ (2025)
- Share of manufacturing in gross domestic product (GDP) 15.3% (2025)
- Gross domestic product (GDP) 474.84 billion constant 2015 US$ (2025)
- GDP per capita in international and market dollars 4,066 constant 2015 US$ (2025)
- DEC alternative conversion factor 57.51 LCU per US$ (2025)
- Net secondary income (Net current transfers from abroad) 1.79 trillion current LCU (2024)
- Net secondary income (Net current transfers from abroad) 31.17 billion current US$ (2024)
- Net primary income (Net income from abroad) 4.19 trillion current LCU (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 142nd out of 197 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.