Net errors and omissions in Vanuatu
Vanuatu: Net errors and omissions was 14.40 million BoP, current US$ in 2022. ◆ Volatile
Net errors and omissions in Vanuatu, 1982–2022
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in BoP, current US$.
Analysis
The most recent figure for net errors and omissions in Vanuatu is 14.40 million BoP, current US$, measured in 2022.
Compared with earlier readings it is up 215.8% on the previous year and up 183.4% over ten years.
Over the whole period, net errors and omissions in Vanuatu peaked at 101.83 million BoP, current US$ in 2008 and was at its lowest, -136.97 million BoP, current US$, in 2013.
That places Vanuatu 79th out of 199 countries with data for 2022, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Net errors and omissions in Vanuatu, year by year
| Year | BoP, current US$ | Change |
|---|---|---|
| 1982 | 4.64 million BoP, current US$ | — |
| 1983 | 3.69 million BoP, current US$ | -20.3% |
| 1984 | 3.12 million BoP, current US$ | -15.6% |
| 1985 | -5.56 million BoP, current US$ | -278.6% |
| 1986 | -4.59 million BoP, current US$ | -17.5% |
| 1987 | -13.89 million BoP, current US$ | +202.5% |
| 1988 | -16.44 million BoP, current US$ | +18.4% |
| 1989 | -12.55 million BoP, current US$ | -23.6% |
| 1990 | -18.11 million BoP, current US$ | +44.3% |
| 1991 | 21.19 million BoP, current US$ | -217.0% |
| 1992 | -29.18 million BoP, current US$ | -237.7% |
| 1993 | -21.08 million BoP, current US$ | -27.8% |
| 1994 | -1.92 million BoP, current US$ | -90.9% |
| 1995 | -32.50 million BoP, current US$ | +1595.8% |
| 1996 | -7.43 million BoP, current US$ | -77.1% |
| 1997 | 25.52 million BoP, current US$ | -443.5% |
| 1998 | -26.14 million BoP, current US$ | -202.4% |
| 1999 | -52.17 million BoP, current US$ | +99.6% |
| 2000 | -34.12 million BoP, current US$ | -34.6% |
| 2001 | -20.07 million BoP, current US$ | -41.2% |
| 2002 | -21.47 million BoP, current US$ | +7.0% |
| 2003 | -21.90 million BoP, current US$ | +2.0% |
| 2004 | -24.50 million BoP, current US$ | +11.8% |
| 2005 | -16.64 million BoP, current US$ | -32.1% |
| 2006 | -3.94 million BoP, current US$ | -76.3% |
| 2007 | -4.93 million BoP, current US$ | +25.1% |
| 2008 | 101.83 million BoP, current US$ | -2167.3% |
| 2009 | -37.38 million BoP, current US$ | -136.7% |
| 2010 | -127.94 million BoP, current US$ | +242.3% |
| 2011 | -63.15 million BoP, current US$ | -50.6% |
| 2012 | -17.26 million BoP, current US$ | -72.7% |
| 2013 | -136.97 million BoP, current US$ | +693.5% |
| 2014 | -30.10 million BoP, current US$ | -78.0% |
| 2015 | 74.52 million BoP, current US$ | -347.6% |
| 2016 | -65.22 million BoP, current US$ | -187.5% |
| 2017 | 45.68 million BoP, current US$ | -170.0% |
| 2018 | -39.66 million BoP, current US$ | -186.8% |
| 2019 | -41.80 million BoP, current US$ | +5.4% |
| 2020 | 27.00 million BoP, current US$ | -164.6% |
| 2021 | -12.43 million BoP, current US$ | -146.0% |
| 2022 | 14.40 million BoP, current US$ | -215.8% |
Vanuatu compared with similar countries
- Vanuatu's 14.40 million BoP, current US$ is above the median for lower middle income countries, which is 3.83 million BoP, current US$, 3.8× the median. (47 countries reporting)
- Vanuatu's 14.40 million BoP, current US$ is above the median for East Asia & Pacific, which is -34.59 million BoP, current US$. (33 countries reporting)
Biggest year-on-year movements
Years where Net errors and omissions in Vanuatu changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2008 | +2167.3% | -4.93 million BoP, current US$ | 101.83 million BoP, current US$ |
| 1995 | -1595.8% | -1.92 million BoP, current US$ | -32.50 million BoP, current US$ |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | -5.20 million BoP, current US$ | -16.44 million BoP, current US$ | 4.64 million BoP, current US$ | 8 |
| 1990s | -14.18 million BoP, current US$ | -52.17 million BoP, current US$ | 25.52 million BoP, current US$ | 10 |
| 2000s | -8.31 million BoP, current US$ | -37.38 million BoP, current US$ | 101.83 million BoP, current US$ | 10 |
| 2010s | -40.19 million BoP, current US$ | -136.97 million BoP, current US$ | 74.52 million BoP, current US$ | 10 |
| 2020s | 9.66 million BoP, current US$ | -12.43 million BoP, current US$ | 27.00 million BoP, current US$ | 3 |
Countries ranked near Vanuatu
- 76 Grenada 19.00 million BoP, current US$ compare
- 77 Mali 18.29 million BoP, current US$ compare
- 78 Tanzania 15.34 million BoP, current US$ compare
- 80 Niger 14.32 million BoP, current US$ compare
- 81 Montenegro 13.05 million BoP, current US$ compare
- 82 Bosnia and Herzegovina 12.79 million BoP, current US$ compare
More economy & growth data for Vanuatu
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 0.2699 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 2.49 Percent per annum (2029)
- Foreign direct investment, net outflows (BoP, current US$), gaps 2.79 million BoP, current US$ (2024)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0021 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net outflows (BoP, current US$), per capita 8.5 BoP, current US$ per person (2024)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 28.86 million BoP, current US$ (2024)
- Foreign direct investment, net inflows (BoP, current US$), annual 211.4 % change on previous year (2024)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0222 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net inflows (BoP, current US$), per capita 88.05 BoP, current US$ per person (2024)
- Total reserves (includes gold, current US$), annual growth rate -4.52 % change on previous year (2024)
Frequently asked questions
- What is net errors and omissions in Vanuatu?
- Net errors and omissions in Vanuatu was 14.40 million BoP, current US$ in 2022, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest net errors and omissions recorded in Vanuatu?
- The highest recorded value was 101.83 million BoP, current US$ in 2008.
- What is the lowest net errors and omissions recorded in Vanuatu?
- The lowest recorded value was -136.97 million BoP, current US$ in 2013.
- How does Vanuatu rank for net errors and omissions?
- Vanuatu ranks 79th out of 199 countries with data for 2022.
- Is net errors and omissions rising or falling in Vanuatu?
- Over the last ten years it is up 183.4%. The long-run trend across the full record is volatile.
- Where does this Vanuatu 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.