Net errors and omissions in Tuvalu
Tuvalu: Net errors and omissions was -2.81 million BoP, current US$ in 2023. ◆ Volatile
Net errors and omissions in Tuvalu, 2001–2023
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in BoP, current US$.
Analysis
The most recent figure for net errors and omissions in Tuvalu is -2.81 million BoP, current US$, measured in 2023.
That represents a change of down 842.3% on the previous year and down 127.2% over ten years.
Over the whole period, net errors and omissions in Tuvalu peaked at 11.69 million BoP, current US$ in 2011 and was at its lowest, -9.73 million BoP, current US$, in 2003.
That places Tuvalu 97th out of 199 countries with data for 2023, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Net errors and omissions in Tuvalu, year by year
| Year | BoP, current US$ | Change |
|---|---|---|
| 2001 | -6.04 million BoP, current US$ | — |
| 2002 | -6.81 million BoP, current US$ | +12.8% |
| 2003 | -9.73 million BoP, current US$ | +43.0% |
| 2004 | 2.84 million BoP, current US$ | -129.2% |
| 2005 | 2.27 million BoP, current US$ | -20.1% |
| 2006 | -3.22 million BoP, current US$ | -241.9% |
| 2007 | -2.95 million BoP, current US$ | -8.6% |
| 2008 | 663,674 BoP, current US$ | -122.5% |
| 2009 | 1.93 million BoP, current US$ | +191.1% |
| 2010 | 5.42 million BoP, current US$ | +180.6% |
| 2011 | 11.69 million BoP, current US$ | +115.7% |
| 2012 | -2.12 million BoP, current US$ | -118.1% |
| 2013 | 10.33 million BoP, current US$ | -588.5% |
| 2014 | 6.68 million BoP, current US$ | -35.4% |
| 2015 | 4.96 million BoP, current US$ | -25.7% |
| 2016 | -2.27 million BoP, current US$ | -145.7% |
| 2017 | -864,188 BoP, current US$ | -61.9% |
| 2018 | 5.44 million BoP, current US$ | -729.3% |
| 2019 | -1.91 million BoP, current US$ | -135.1% |
| 2020 | -389,751 BoP, current US$ | -79.6% |
| 2021 | 6.45 million BoP, current US$ | -1754.4% |
| 2022 | 378,215 BoP, current US$ | -94.1% |
| 2023 | -2.81 million BoP, current US$ | -842.3% |
Tuvalu compared with similar countries
- Tuvalu's -2.81 million BoP, current US$ is below the median for upper middle income countries, which is 2.76 million BoP, current US$. (57 countries reporting)
- Tuvalu's -2.81 million BoP, current US$ is above the median for East Asia & Pacific, which is -34.59 million BoP, current US$, 8% of the median. (33 countries reporting)
Biggest year-on-year movements
Years where Net errors and omissions in Tuvalu changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2021 | +1754.4% | -389,751 BoP, current US$ | 6.45 million BoP, current US$ |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -2.34 million BoP, current US$ | -9.73 million BoP, current US$ | 2.84 million BoP, current US$ | 9 |
| 2010s | 3.74 million BoP, current US$ | -2.27 million BoP, current US$ | 11.69 million BoP, current US$ | 10 |
| 2020s | 907,251 BoP, current US$ | -2.81 million BoP, current US$ | 6.45 million BoP, current US$ | 4 |
Countries ranked near Tuvalu
- 94 Nauru 2.06 million BoP, current US$ compare
- 95 Guinea -780,000 BoP, current US$ compare
- 96 Comoros -2.34 million BoP, current US$ compare
- 98 Central African Republic -4.68 million BoP, current US$
- 99 Eswatini -4.69 million BoP, current US$ compare
- 100 Kiribati -4.71 million BoP, current US$ compare
More economy & growth data for Tuvalu
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 1.31 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 1.93 Percent per annum (2029)
- Foreign direct investment, net outflows (BoP, current US$), gaps -915,228 BoP, current US$ (2021)
- Foreign direct investment, net outflows (BoP, current US$), per unit -0.0149 BoP, current US$ per US$ of GDP (2021)
- Foreign direct investment, net outflows (BoP, current US$), per capita -89.78 BoP, current US$ per person (2021)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 258,080 BoP, current US$ (2024)
- Foreign direct investment, net inflows (BoP, current US$), annual 55.2 % change on previous year (2024)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0045 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net inflows (BoP, current US$), per capita 26.76 BoP, current US$ per person (2024)
- Agriculture, forestry, and fishing, value added (current LCU), annual -0.5864 % change on previous year (2015)
Frequently asked questions
- What is net errors and omissions in Tuvalu?
- Net errors and omissions in Tuvalu was -2.81 million BoP, current US$ in 2023, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest net errors and omissions recorded in Tuvalu?
- The highest recorded value was 11.69 million BoP, current US$ in 2011.
- What is the lowest net errors and omissions recorded in Tuvalu?
- The lowest recorded value was -9.73 million BoP, current US$ in 2003.
- How does Tuvalu rank for net errors and omissions?
- Tuvalu ranks 97th out of 199 countries with data for 2023.
- Is net errors and omissions rising or falling in Tuvalu?
- Over the last ten years it is down 127.2%. The long-run trend across the full record is volatile.
- Where does this Tuvalu 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.