Net errors and omissions (BoP, current US$) in Venezuela
Venezuela: Net errors and omissions (BoP, current US$) was 2.38 billion BoP, current US$ in 2025. ◆ Volatile
Net errors and omissions in Venezuela, 1970–2025
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in BoP, current US$.
Analysis
The most recent figure for net errors and omissions in Venezuela is 2.38 billion BoP, current US$, measured in 2025.
Compared with earlier readings it is down 24.0% on the previous year and up 222.6% over ten years.
Over the whole period, net errors and omissions in Venezuela peaked at 3.14 billion BoP, current US$ in 2024 and was at its lowest, -3.60 billion BoP, current US$, in 2001.
Venezuela ranks 21st of 199 countries on this measure, in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Net errors and omissions (BoP, current US$) in Venezuela, year by year
| Year | BoP, current US$ | Change |
|---|---|---|
| 1970 | 69.00 million BoP, current US$ | — |
| 1971 | -74.00 million BoP, current US$ | -207.2% |
| 1972 | 497.00 million BoP, current US$ | -771.6% |
| 1973 | -475.00 million BoP, current US$ | -195.6% |
| 1974 | -468.00 million BoP, current US$ | -1.5% |
| 1975 | 408.00 million BoP, current US$ | -187.2% |
| 1976 | 2.01 billion BoP, current US$ | +393.1% |
| 1977 | 2.29 billion BoP, current US$ | +14.0% |
| 1978 | 1.53 billion BoP, current US$ | -33.2% |
| 1979 | 527.00 million BoP, current US$ | -65.6% |
| 1980 | -1.14 billion BoP, current US$ | -315.7% |
| 1981 | -2.14 billion BoP, current US$ | +88.1% |
| 1982 | -2.38 billion BoP, current US$ | +11.5% |
| 1983 | -278.00 million BoP, current US$ | -88.3% |
| 1984 | -1.07 billion BoP, current US$ | +285.3% |
| 1985 | -910.00 million BoP, current US$ | -15.0% |
| 1986 | -850.00 million BoP, current US$ | -6.6% |
| 1987 | -411.00 million BoP, current US$ | -51.6% |
| 1988 | 3.09 billion BoP, current US$ | -851.8% |
| 1989 | 1.62 billion BoP, current US$ | -47.5% |
| 1990 | -1.76 billion BoP, current US$ | -208.4% |
| 1991 | -1.52 billion BoP, current US$ | -13.9% |
| 1992 | -494.00 million BoP, current US$ | -67.4% |
| 1993 | -538.00 million BoP, current US$ | +8.9% |
| 1994 | -281.00 million BoP, current US$ | -47.8% |
| 1995 | -493.00 million BoP, current US$ | +75.4% |
| 1996 | -892.00 million BoP, current US$ | +80.9% |
| 1997 | -1.52 billion BoP, current US$ | +70.4% |
| 1998 | -1.66 billion BoP, current US$ | +9.3% |
| 1999 | -534.00 million BoP, current US$ | -67.9% |
| 2000 | -2.93 billion BoP, current US$ | +447.9% |
| 2001 | -3.60 billion BoP, current US$ | +23.1% |
| 2002 | -2.78 billion BoP, current US$ | -22.8% |
| 2003 | -795.00 million BoP, current US$ | -71.4% |
| 2004 | -2.50 billion BoP, current US$ | +214.8% |
| 2005 | -3.59 billion BoP, current US$ | +43.5% |
| 2006 | -2.21 billion BoP, current US$ | -38.5% |
| 2007 | -788.00 million BoP, current US$ | -64.4% |
| 2008 | -1.91 billion BoP, current US$ | +142.3% |
| 2009 | -2.86 billion BoP, current US$ | +49.8% |
| 2010 | -2.97 billion BoP, current US$ | +3.9% |
| 2011 | -2.41 billion BoP, current US$ | -19.0% |
| 2012 | -3.06 billion BoP, current US$ | +27.1% |
| 2013 | -3.40 billion BoP, current US$ | +11.2% |
| 2014 | -2.96 billion BoP, current US$ | -12.9% |
| 2015 | -1.94 billion BoP, current US$ | -34.4% |
| 2016 | -2.05 billion BoP, current US$ | +5.3% |
| 2017 | 322.00 million BoP, current US$ | -115.7% |
| 2018 | -3.22 billion BoP, current US$ | -1099.1% |
| 2019 | 324.00 million BoP, current US$ | -110.1% |
| 2020 | 1.03 billion BoP, current US$ | +219.4% |
| 2021 | 1.96 billion BoP, current US$ | +89.7% |
| 2022 | -675.00 million BoP, current US$ | -134.4% |
| 2023 | 2.31 billion BoP, current US$ | -441.9% |
| 2024 | 3.14 billion BoP, current US$ | +35.9% |
| 2025 | 2.38 billion BoP, current US$ | -24.0% |
Venezuela compared with similar countries
- Venezuela's 2.38 billion BoP, current US$ is above the median for lower middle income countries, which is 11.13 million BoP, current US$, 214.2× the median. (47 countries reporting)
- Venezuela's 2.38 billion BoP, current US$ is above the median for Latin America & Caribbean, which is -31.22 million BoP, current US$. (37 countries reporting)
Biggest year-on-year movements
Years where Net errors and omissions (BoP, current US$) in Venezuela 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 |
|---|---|---|---|
| 2018 | -1099.1% | 322.00 million BoP, current US$ | -3.22 billion BoP, current US$ |
| 1988 | +851.8% | -411.00 million BoP, current US$ | 3.09 billion BoP, current US$ |
| 1972 | +771.6% | -74.00 million BoP, current US$ | 497.00 million BoP, current US$ |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 632.00 million BoP, current US$ | -475.00 million BoP, current US$ | 2.29 billion BoP, current US$ | 10 |
| 1980s | -446.80 million BoP, current US$ | -2.38 billion BoP, current US$ | 3.09 billion BoP, current US$ | 10 |
| 1990s | -969.00 million BoP, current US$ | -1.76 billion BoP, current US$ | -281.00 million BoP, current US$ | 10 |
| 2000s | -2.40 billion BoP, current US$ | -3.60 billion BoP, current US$ | -788.00 million BoP, current US$ | 10 |
| 2010s | -2.14 billion BoP, current US$ | -3.40 billion BoP, current US$ | 324.00 million BoP, current US$ | 10 |
| 2020s | 1.69 billion BoP, current US$ | -675.00 million BoP, current US$ | 3.14 billion BoP, current US$ | 6 |
Countries ranked near Venezuela
More economy & growth data for Venezuela
- Real gdp growth, annual growth rate -25.42 % change on previous year (2018)
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 1.36 Percent per annum (2025)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 3.19 Percent per annum (2025)
- SDRs holdings, US dollar, annual growth rate 2.6 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0458 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 159.96 units per person (2025)
- SDRs holdings, SDR, annual growth rate -2.29 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0334 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 116.8 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate 5.01 % change on previous year (2025)
Frequently asked questions
- What is net errors and omissions in Venezuela?
- Net errors and omissions in Venezuela was 2.38 billion BoP, current US$ in 2025, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest net errors and omissions recorded in Venezuela?
- The highest recorded value was 3.14 billion BoP, current US$ in 2024.
- What is the lowest net errors and omissions recorded in Venezuela?
- The lowest recorded value was -3.60 billion BoP, current US$ in 2001.
- How does Venezuela rank for net errors and omissions?
- Venezuela ranks 21st out of 199 countries with data for 2025.
- Is net errors and omissions rising or falling in Venezuela?
- Over the last ten years it is up 222.6%. The long-run trend across the full record is volatile.
- Where does this Venezuela 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.