Iran: Net errors and omissions
* indicates monthly or quarterly data series
| Iran |
Balance of payments, net errors and omissions |
|---|---|
| Latest value | -1,355.00 |
| Year | 2000 |
| Measure | million USD |
| Data availability | 1976 - 2000 |
| Average | 23.20 |
| Min - Max | -3,689.00 - 2,622.00 |
| Source | The World Bank |
The latest value from 2000 is -1355 million USD, a decline from 1184 million USD in 1999. In comparison, the world average is -647.58 million USD, based on data from 144 countries. Historically, the average for Iran from 1976 to 2000 is 23.2 million USD. The minimum value, -3689 million USD, was reached in 1994 while the maximum of 2622 million USD was recorded in 1996.
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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.
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What factors determine the exchange rates
International lending and sovereign debt
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| Related indicators | Latest | Reference | Measure |
|---|---|---|---|
| Terms of trade | 138.43 | 2021 | percent |
| Trade openness | 52.18 | 2023 | percent |
| Financial openness | -1.931 | 2021 | index points |
| Exports, percent of GDP | 24.20 | 2023 | percent |
| Exports, billion dollars | 97.92 | 2023 | billion U.S. dollars |
| Growth of exports | 15.40 | 2023 | percent |
| Imports, percent of GDP | 26.91 | 2023 | percent |
| Imports, billion dollars | 113.21 | 2023 | billion U.S. dollars |
| Foreign Direct Investment, percent of GDP | 0.35 | 2023 | percent |
| Foreign Direct Investment, billion dollars | 0.09 | 2023 | billion U.S. dollars |
| Portfolio investment inflows, equities | 0.00 | 2000 | million dollars (current) |
| Current account, percent of GDP | 2.76 | 2023 | percent |
| Current account, in dollars | 12.48 | 2000 | billion U.S. dollars |
| Trade balance, percent of GDP | 1.73 | 2023 | percent |
| Trade balance, in dollars | 12.22 | 2000 | billion U.S. dollars |
| Reserves | 7.69 | 1982 | billion U.S. dollars |
| Remittances, percent of GDP | 0.54 | 2004 | percent |
| Remittances | 1,032.00 | 2004 | million U.S. dollars |
| Net errors and omissions | -1,355.00 | 2000 | million USD |
| External debt | 2.41 | 2022 | percent |
| Short-term external debt | 23.08 | 2023 | percent |
| Short-term debt to reserves | 62.06 | 1982 | percent |