Net errors and omissions in Tonga
Tonga: Net errors and omissions was -22.70 million BoP, current US$ in 2024. ◆ Volatile
Latest (2024)
-22.70 million BoP, current US$
Change on year
up 60.7%
World rank
105th
of 199 countries
All-time high
38.95 million BoP, current US$
in 2019
All-time low
-73.17 million BoP, current US$
in 2018
Years of data
48
1971–2024
Net errors and omissions in Tonga, 1971–2024
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in BoP, current US$.
Analysis
In 2024, net errors and omissions in Tonga stood at -22.70 million BoP, current US$.
Compared with earlier readings it is up 60.7% on the previous year and down 31.8% over ten years.
Over the whole period, net errors and omissions in Tonga peaked at 38.95 million BoP, current US$ in 2019 and was at its lowest, -73.17 million BoP, current US$, in 2018.
Tonga ranks 105th of 199 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Net errors and omissions in Tonga, year by year
| Year | BoP, current US$ | Change |
|---|---|---|
| 1971 | -636,160 BoP, current US$ | — |
| 1972 | 448,327 BoP, current US$ | -170.5% |
| 1973 | 114,330 BoP, current US$ | -74.5% |
| 1974 | 714,748 BoP, current US$ | +525.2% |
| 1975 | -537,207 BoP, current US$ | -175.2% |
| 1976 | -2.40 million BoP, current US$ | +347.2% |
| 1977 | 2.96 million BoP, current US$ | -223.1% |
| 1978 | -229,885 BoP, current US$ | -107.8% |
| 1979 | 21,646 BoP, current US$ | -109.4% |
| 1980 | -361,314 BoP, current US$ | -1769.2% |
| 1981 | -341,511 BoP, current US$ | -5.5% |
| 1982 | -4.07 million BoP, current US$ | +1090.9% |
| 1983 | -2.05 million BoP, current US$ | -49.5% |
| 1984 | 2.02 million BoP, current US$ | -198.3% |
| 1985 | 1.12 million BoP, current US$ | -44.4% |
| 1986 | -220,891 BoP, current US$ | -119.7% |
| 1987 | -4.05 million BoP, current US$ | +1732.4% |
| 1988 | 7.07 million BoP, current US$ | -274.6% |
| 1989 | -1.34 million BoP, current US$ | -118.9% |
| 1990 | 1.59 million BoP, current US$ | -218.6% |
| 1991 | -1.74 million BoP, current US$ | -209.5% |
| 1992 | -952,081 BoP, current US$ | -45.2% |
| 1993 | 1.13 million BoP, current US$ | -218.9% |
| 1994 | -4.01 million BoP, current US$ | -454.6% |
| 2001 | -705,516 BoP, current US$ | -82.4% |
| 2002 | 592,301 BoP, current US$ | -184.0% |
| 2003 | 1.55 million BoP, current US$ | +162.3% |
| 2004 | -42.85 million BoP, current US$ | -2858.3% |
| 2005 | -13.32 million BoP, current US$ | -68.9% |
| 2006 | -8.92 million BoP, current US$ | -33.0% |
| 2007 | 9.74 million BoP, current US$ | -209.2% |
| 2008 | 24.98 million BoP, current US$ | +156.5% |
| 2009 | 37.60 million BoP, current US$ | +50.5% |
| 2010 | -10.92 million BoP, current US$ | -129.1% |
| 2011 | 33.16 million BoP, current US$ | -403.6% |
| 2012 | 2.36 million BoP, current US$ | -92.9% |
| 2013 | 23.02 million BoP, current US$ | +875.1% |
| 2014 | -17.22 million BoP, current US$ | -174.8% |
| 2015 | -7.23 million BoP, current US$ | -58.0% |
| 2016 | 12.00 million BoP, current US$ | -266.0% |
| 2017 | 26.39 million BoP, current US$ | +119.9% |
| 2018 | -73.17 million BoP, current US$ | -377.3% |
| 2019 | 38.95 million BoP, current US$ | -153.2% |
| 2020 | -4.67 million BoP, current US$ | -112.0% |
| 2021 | -1.26 million BoP, current US$ | -72.9% |
| 2022 | -21.40 million BoP, current US$ | +1594.0% |
| 2023 | -57.76 million BoP, current US$ | +169.9% |
| 2024 | -22.70 million BoP, current US$ | -60.7% |
Tonga compared with similar countries
- Tonga's -22.70 million BoP, current US$ is below the median for upper middle income countries, which is 2.76 million BoP, current US$. (57 countries reporting)
- Tonga's -22.70 million BoP, current US$ is above the median for East Asia & Pacific, which is -34.59 million BoP, current US$, 66% of the median. (33 countries reporting)
Biggest year-on-year movements
Years where Net errors and omissions in Tonga changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2004 | -2858.3% | 1.55 million BoP, current US$ | -42.85 million BoP, current US$ |
| 1980 | -1769.2% | 21,646 BoP, current US$ | -361,314 BoP, current US$ |
| 1987 | -1732.4% | -220,891 BoP, current US$ | -4.05 million BoP, current US$ |
| 2022 | -1594.0% | -1.26 million BoP, current US$ | -21.40 million BoP, current US$ |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 50,020 BoP, current US$ | -2.40 million BoP, current US$ | 2.96 million BoP, current US$ | 9 |
| 1980s | -222,374 BoP, current US$ | -4.07 million BoP, current US$ | 7.07 million BoP, current US$ | 10 |
| 1990s | -797,044 BoP, current US$ | -4.01 million BoP, current US$ | 1.59 million BoP, current US$ | 5 |
| 2000s | 963,177 BoP, current US$ | -42.85 million BoP, current US$ | 37.60 million BoP, current US$ | 9 |
| 2010s | 2.74 million BoP, current US$ | -73.17 million BoP, current US$ | 38.95 million BoP, current US$ | 10 |
| 2020s | -21.56 million BoP, current US$ | -57.76 million BoP, current US$ | -1.26 million BoP, current US$ | 5 |
Countries ranked near Tonga
- 102 Burkina Faso -8.15 million BoP, current US$ compare
- 103 Antigua and Barbuda -19.23 million BoP, current US$ compare
- 104 Seychelles -19.83 million BoP, current US$ compare
- 106 Eritrea -22.87 million BoP, current US$ compare
- 107 Sierra Leone -25.03 million BoP, current US$ compare
- 108 Belize -31.22 million BoP, current US$ compare
More economy & growth data for Tonga
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 0.3875 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 1.2 Percent per annum (2029)
- Foreign direct investment, net outflows (BoP, current US$), gaps 1.25 million BoP, current US$ (2024)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0019 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net outflows (BoP, current US$), per capita 12.03 BoP, current US$ per person (2024)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled -12.08 million BoP, current US$ (2024)
- Foreign direct investment, net inflows (BoP, current US$), annual -560.68 % change on previous year (2024)
- Foreign direct investment, net inflows (BoP, current US$), per unit -0.0187 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net inflows (BoP, current US$), per capita -115.95 BoP, current US$ per person (2024)
- Total reserves (includes gold, current US$), annual growth rate 9.39 % change on previous year (2025)
Frequently asked questions
- What is net errors and omissions in Tonga?
- Net errors and omissions in Tonga was -22.70 million BoP, current US$ 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 Tonga?
- The highest recorded value was 38.95 million BoP, current US$ in 2019.
- What is the lowest net errors and omissions recorded in Tonga?
- The lowest recorded value was -73.17 million BoP, current US$ in 2018.
- How does Tonga rank for net errors and omissions?
- Tonga ranks 105th out of 199 countries with data for 2024.
- Is net errors and omissions rising or falling in Tonga?
- Over the last ten years it is down 31.8%. The long-run trend across the full record is volatile.
- Where does this Tonga 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.