Net errors and omissions in Turks and Caicos Islands
Turks and Caicos Islands: Net errors and omissions was -65.78 million BoP, current US$ in 2018. ◆ Volatile
Net errors and omissions in Turks and Caicos Islands, 2014–2018
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in BoP, current US$.
Analysis
Turks and Caicos Islands recorded -65.78 million BoP, current US$ for net errors and omissions in 2018. That is the lowest value across all 5 years on record.
Compared with earlier readings it is down 209.5% on the previous year and down 522.6% over five years.
That places Turks and Caicos Islands 120th out of 199 countries with data for 2018, putting it in the middle of the range.
Net errors and omissions in Turks and Caicos Islands, year by year
| Year | BoP, current US$ | Change |
|---|---|---|
| 2014 | -10.56 million BoP, current US$ | — |
| 2015 | 286.35 million BoP, current US$ | -2810.4% |
| 2016 | 22.89 million BoP, current US$ | -92.0% |
| 2017 | -21.25 million BoP, current US$ | -192.8% |
| 2018 | -65.78 million BoP, current US$ | +209.5% |
Turks and Caicos Islands compared with similar countries
- Turks and Caicos Islands's -65.78 million BoP, current US$ is above the median for high income countries, which is -132.48 million BoP, current US$, 50% of the median. (71 countries reporting)
- Turks and Caicos Islands's -65.78 million BoP, current US$ is below the median for Latin America & Caribbean, which is -31.77 million BoP, current US$, 2.1× the median. (37 countries reporting)
Countries ranked near Turks and Caicos Islands
- 117 Sao Tome and Principe -49.27 million BoP, current US$ compare
- 118 Marshall Islands -49.93 million BoP, current US$ compare
- 119 San Marino -53.75 million BoP, current US$
- 121 Mozambique -77.07 million BoP, current US$ compare
- 122 Burundi -80.21 million BoP, current US$ compare
- 123 Moldova -80.78 million BoP, current US$ compare
More economy & growth data for Turks and Caicos Islands
- Industry (including construction), value added (constant LCU), annual 9.05 % change on previous year (2024)
- GNI, Atlas method (current US$), per capita 36,764 current US$ per person (2024)
- GNI, Atlas method (current US$), per unit of GDP 0.9802 current US$ per US$ of GDP (2024)
- Industry (including construction), value added (constant 2015 US$) 6,332 constant 2015 US$ per person (2024)
- GNI, Atlas method (current US$), annual growth rate 2.69 % change on previous year (2024)
- GDP (constant LCU), per capita 34,867 constant LCU per person (2024)
- GDP (constant LCU), per unit of GDP 0.9296 constant LCU per US$ of GDP (2024)
- GDP (constant 2015 US$), annual growth rate 5.64 % change on previous year (2024)
- Industry (including construction), value added (constant LCU), per 0.0913 constant LCU per US$ of GDP (2024)
- GDP (constant 2015 US$), per unit of GDP 1.52 constant 2015 US$ per US$ of GDP (2024)
Frequently asked questions
- What is net errors and omissions in Turks and Caicos Islands?
- Net errors and omissions in Turks and Caicos Islands was -65.78 million BoP, current US$ in 2018, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest net errors and omissions recorded in Turks and Caicos Islands?
- The highest recorded value was 286.35 million BoP, current US$ in 2015.
- What is the lowest net errors and omissions recorded in Turks and Caicos Islands?
- The lowest recorded value was -65.78 million BoP, current US$ in 2018.
- How does Turks and Caicos Islands rank for net errors and omissions?
- Turks and Caicos Islands ranks 120th out of 199 countries with data for 2018.
- Where does this Turks and Caicos 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.