Net errors and omissions in Tonga
Tonga: Net errors and omissions was -22.70 million BoP, current US$ in 2024. ◆ Volatile
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$, in 2018.
Tonga ranks 103rd of 197 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 50,020 BoP, current US$ | -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
- 100 Burkina Faso -8.15 million BoP, current US$ compare
- 101 Antigua and Barbuda -19.23 million BoP, current US$ compare
- 102 Seychelles -19.83 million BoP, current US$ compare
- 104 Eritrea -22.87 million BoP, current US$ compare
- 105 Sierra Leone -25.03 million BoP, current US$ compare
- 106 Belize -31.22 million BoP, current US$ compare
More economy & growth data for Tonga
- External balance on goods and services as a percent of GDP -43.8% (2024)
- Inflation of consumer prices 5.6% (2025)
- GDP per capita 4,934 constant 2015 US$ (2025)
- Share of manufacturing in gross domestic product (GDP) 5.5% (2024)
- Gross domestic product (GDP) 511.89 million constant 2015 US$ (2025)
- GDP per capita in international and market dollars 4,934 constant 2015 US$ (2025)
- DEC alternative conversion factor 2.4 LCU per US$ (2025)
- Net secondary income (Net current transfers from abroad) 468.46 million current LCU (2024)
- Net secondary income (Net current transfers from abroad) 197.32 million current US$ (2024)
- Taxes less subsidies on products 218.66 million current LCU (2024)
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 103rd out of 197 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.