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 118th out of 197 countries with data for 2018, putting it in the middle of the range.
Countries ranked near Turks and Caicos Islands
- 115 Sao Tome and Principe -49.27 million BoP, current US$ compare
- 116 Marshall Islands -49.93 million BoP, current US$ compare
- 117 San Marino -53.75 million BoP, current US$ compare
- 119 Mozambique -77.07 million BoP, current US$ compare
- 120 Burundi -80.21 million BoP, current US$ compare
- 121 Moldova -80.78 million BoP, current US$ compare
More economy & growth data for Turks and Caicos Islands
- GDP per capita 57,179 constant 2015 US$ (2024)
- Share of manufacturing in gross domestic product (GDP) 0.4% (2024)
- Gross domestic product (GDP) 2.66 billion constant 2015 US$ (2024)
- GDP per capita in international and market dollars 57,179 constant 2015 US$ (2024)
- DEC alternative conversion factor 1 LCU per US$ (2025)
- Net secondary income (Net current transfers from abroad) -108.50 million current LCU (2024)
- Net secondary income (Net current transfers from abroad) -108.50 million current US$ (2024)
- Taxes less subsidies on products 308.51 million current LCU (2024)
- Taxes less subsidies on products 308.51 million current US$ (2024)
- Net primary income (Net income from abroad) -23.50 million current LCU (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 118th out of 197 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.
Download this data
CSV · JSON — 5 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
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.