Barbados: Net errors and omissions
* indicates monthly or quarterly data series
| Barbados |
Balance of payments, net errors and omissions |
|---|---|
| Latest value | -132.48 |
| Year | 2017 |
| Measure | million USD |
| Data availability | 1967 - 2017 |
| Average | 1.83 |
| Min - Max | -322.51 - 185.21 |
| Source | The World Bank |
The latest value from 2017 is -132.48 million USD, a decline from 40.05 million USD in 2016. In comparison, the world average is -1892.90 million USD, based on data from 173 countries. Historically, the average for Barbados from 1967 to 2017 is 1.83 million USD. The minimum value, -322.51 million USD, was reached in 2010 while the maximum of 185.21 million USD was recorded in 2008.
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Definition: 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. Data are in current U.S. dollars.
Selected articles from our guide:
What factors determine the exchange rates
International lending and sovereign debt
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| Related indicators | Latest | Reference | Measure |
|---|---|---|---|
| Terms of trade | 92.62 | 2021 | percent |
| Trade openness | 76.46 | 2022 | percent |
| Financial openness | -1.242 | 2021 | index points |
| Exports, percent of GDP | 34.28 | 2022 | percent |
| Exports, billion dollars | 2.00 | 2022 | billion U.S. dollars |
| Imports, percent of GDP | 42.18 | 2022 | percent |
| Imports, billion dollars | 2.46 | 2022 | billion U.S. dollars |
| Foreign Direct Investment, percent of GDP | 3.51 | 2022 | percent |
| Foreign Direct Investment, billion dollars | 0.20 | 2022 | billion U.S. dollars |
| Portfolio investment inflows, equities | 2.58 | 2017 | million dollars (current) |
| Current account, percent of GDP | -8.00 | 2023 | percent |
| Current account, in dollars | -0.30 | 2017 | billion U.S. dollars |
| Trade balance, percent of GDP | -8.09 | 2022 | percent |
| Trade balance, in dollars | 0.02 | 2017 | billion U.S. dollars |
| Reserves | 1.52 | 2022 | billion U.S. dollars |
| Remittances, percent of GDP | 1.33 | 2023 | percent |
| Remittances | 85.18 | 2023 | million U.S. dollars |
| Net errors and omissions | -132.48 | 2017 | million USD |
| Foreign exchange reserves | 3.17 | 4/2024 | billion |