Net errors and omissions in Solomon Islands
Solomon Islands: Net errors and omissions was 11.60 million BoP, current US$ in 2024. ◆ Volatile
Latest (2024)
11.60 million BoP, current US$
Change on year
up 123.3%
World rank
83rd
of 199 countries
All-time high
55.56 million BoP, current US$
in 2002
All-time low
-49.73 million BoP, current US$
in 2023
Years of data
49
1975–2024
Net errors and omissions in Solomon Islands, 1975–2024
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in BoP, current US$.
Analysis
In 2024, net errors and omissions in Solomon Islands stood at 11.60 million BoP, current US$.
The figure is up 123.3% on the previous year and up 212.0% over ten years.
Over the whole period, net errors and omissions in Solomon Islands peaked at 55.56 million BoP, current US$ in 2002 and was at its lowest, -49.73 million BoP, current US$, in 2023.
That places Solomon Islands 83rd out of 199 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Net errors and omissions in Solomon Islands, year by year
| Year | BoP, current US$ | Change |
|---|---|---|
| 1975 | 6.02 million BoP, current US$ | — |
| 1976 | -4.77 million BoP, current US$ | -179.1% |
| 1977 | -6.21 million BoP, current US$ | +30.3% |
| 1978 | 5.72 million BoP, current US$ | -192.2% |
| 1979 | -9.07 million BoP, current US$ | -258.4% |
| 1981 | 13.22 million BoP, current US$ | -245.8% |
| 1982 | 15.65 million BoP, current US$ | +18.4% |
| 1983 | 5.05 million BoP, current US$ | -67.7% |
| 1984 | 392,552 BoP, current US$ | -92.2% |
| 1985 | -1.35 million BoP, current US$ | -444.1% |
| 1986 | -8.96 million BoP, current US$ | +563.2% |
| 1987 | 2.49 million BoP, current US$ | -127.8% |
| 1988 | -11.28 million BoP, current US$ | -553.9% |
| 1989 | -5.36 million BoP, current US$ | -52.5% |
| 1990 | -8.70 million BoP, current US$ | +62.2% |
| 1991 | 8.03 million BoP, current US$ | -192.3% |
| 1992 | -6.59 million BoP, current US$ | -182.1% |
| 1993 | -3.14 million BoP, current US$ | -52.4% |
| 1994 | -2.89 million BoP, current US$ | -8.0% |
| 1995 | -2.29 million BoP, current US$ | -20.7% |
| 1996 | 4.26 million BoP, current US$ | -286.1% |
| 1997 | 995,442 BoP, current US$ | -76.6% |
| 1998 | -14.68 million BoP, current US$ | -1574.9% |
| 1999 | -1.59 million BoP, current US$ | -89.2% |
| 2000 | 4.76 million BoP, current US$ | -398.8% |
| 2001 | 43.72 million BoP, current US$ | +819.4% |
| 2002 | 55.56 million BoP, current US$ | +27.1% |
| 2003 | 40.01 million BoP, current US$ | -28.0% |
| 2004 | -6.53 million BoP, current US$ | -116.3% |
| 2005 | 53.41 million BoP, current US$ | -917.5% |
| 2006 | -33.11 million BoP, current US$ | -162.0% |
| 2007 | 14.51 million BoP, current US$ | -143.8% |
| 2008 | 2.81 million BoP, current US$ | -80.7% |
| 2009 | -6.21 million BoP, current US$ | -321.2% |
| 2010 | -21.91 million BoP, current US$ | +252.8% |
| 2011 | 2.51 million BoP, current US$ | -111.4% |
| 2012 | -36.03 million BoP, current US$ | -1537.0% |
| 2013 | 1.12 million BoP, current US$ | -103.1% |
| 2014 | -10.36 million BoP, current US$ | -1025.5% |
| 2015 | 834,724 BoP, current US$ | -108.1% |
| 2016 | -35.31 million BoP, current US$ | -4330.4% |
| 2017 | -9.70 million BoP, current US$ | -72.5% |
| 2018 | 37.64 million BoP, current US$ | -488.0% |
| 2019 | 34.75 million BoP, current US$ | -7.7% |
| 2020 | -20.70 million BoP, current US$ | -159.5% |
| 2021 | -25.23 million BoP, current US$ | +21.9% |
| 2022 | 11.95 million BoP, current US$ | -147.3% |
| 2023 | -49.73 million BoP, current US$ | -516.3% |
| 2024 | 11.60 million BoP, current US$ | -123.3% |
Solomon Islands compared with similar countries
- Solomon Islands's 11.60 million BoP, current US$ is above the median for lower middle income countries, which is 3.83 million BoP, current US$, 3.0× the median. (47 countries reporting)
- Solomon Islands's 11.60 million BoP, current US$ is above the median for East Asia & Pacific, which is -34.59 million BoP, current US$. (33 countries reporting)
Biggest year-on-year movements
Years where Net errors and omissions in Solomon Islands changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2016 | -4330.4% | 834,724 BoP, current US$ | -35.31 million BoP, current US$ |
| 1998 | -1574.9% | 995,442 BoP, current US$ | -14.68 million BoP, current US$ |
| 2012 | -1537.0% | 2.51 million BoP, current US$ | -36.03 million BoP, current US$ |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | -1.66 million BoP, current US$ | -9.07 million BoP, current US$ | 6.02 million BoP, current US$ | 5 |
| 1980s | 1.09 million BoP, current US$ | -11.28 million BoP, current US$ | 15.65 million BoP, current US$ | 9 |
| 1990s | -2.66 million BoP, current US$ | -14.68 million BoP, current US$ | 8.03 million BoP, current US$ | 10 |
| 2000s | 16.89 million BoP, current US$ | -33.11 million BoP, current US$ | 55.56 million BoP, current US$ | 10 |
| 2010s | -3.65 million BoP, current US$ | -36.03 million BoP, current US$ | 37.64 million BoP, current US$ | 10 |
| 2020s | -14.42 million BoP, current US$ | -49.73 million BoP, current US$ | 11.95 million BoP, current US$ | 5 |
Countries ranked near Solomon Islands
- 80 Niger 14.32 million BoP, current US$ compare
- 81 Montenegro 13.05 million BoP, current US$ compare
- 82 Bosnia and Herzegovina 12.79 million BoP, current US$ compare
- 84 Senegal 11.13 million BoP, current US$ compare
- 85 Sint Maarten (Dutch part) 11.07 million BoP, current US$ compare
- 86 Cameroon 9.06 million BoP, current US$ compare
More economy & growth data for Solomon Islands
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 0.9064 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 2.96 Percent per annum (2029)
- Foreign direct investment, net outflows (BoP, current US$), gaps 52.88 million BoP, current US$ (2024)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0334 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net outflows (BoP, current US$), per capita 64.55 BoP, current US$ per person (2024)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 32.97 million BoP, current US$ (2024)
- Foreign direct investment, net inflows (BoP, current US$), annual -58.21 % change on previous year (2024)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0208 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net inflows (BoP, current US$), per capita 40.24 BoP, current US$ per person (2024)
- Total reserves (includes gold, current US$), annual growth rate -0.3505 % change on previous year (2024)
Frequently asked questions
- What is net errors and omissions in Solomon Islands?
- Net errors and omissions in Solomon Islands was 11.60 million BoP, current US$ in 2024, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest net errors and omissions recorded in Solomon Islands?
- The highest recorded value was 55.56 million BoP, current US$ in 2002.
- What is the lowest net errors and omissions recorded in Solomon Islands?
- The lowest recorded value was -49.73 million BoP, current US$ in 2023.
- How does Solomon Islands rank for net errors and omissions?
- Solomon Islands ranks 83rd out of 199 countries with data for 2024.
- Is net errors and omissions rising or falling in Solomon Islands?
- Over the last ten years it is up 212.0%. The long-run trend across the full record is volatile.
- Where does this Solomon Islands 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.