Iraq: Net errors and omissions

* indicates monthly or quarterly data series
 Iraq

Balance of payments, net errors and omissions

 Latest value -3,289.00
 Year 2022
 Measure million USD
 Data availability 2005 - 2022
 Average -6,223.32
 Min - Max -20,911.30 - 579.06
 Source The World Bank
For that indicator, we provide data for Iraq from 2005 to 2022. The average value for Iraq during that period was -6223.32 million USD with a minimum of -20911.3 million USD in 2014 and a maximum of 579.06 million USD in 2006. The latest value from 2022 is -3289 million USD. For comparison, the world average in 2022 based on 153 countries is -72.08 million USD. See the global rankings for that indicator or use the country comparator to compare trends over time.
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* indicates monthly or quarterly data series


Recent values chart
Iraq - Net errors and omissions - Recent values chart

Historical chart
Iraq - Net errors and omissions - historical chart - 2005-2022




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.


 Related indicators Latest value Reference Measure
 Terms of trade 106.69 2021 percent
 Trade openness 62.10 2021 percent
 Financial openness -1.242 2002 index points
 Exports, percent of GDP 37.68 2021 percent
 Exports, billion dollars 78.26 2021 billion U.S. dollars
 Growth of exports -13.29 2021 percent
 Imports, percent of GDP 24.41 2021 percent
 Imports, billion dollars 50.71 2021 billion U.S. dollars
 Foreign Direct Investment, percent of GDP -0.79 2022 percent
 Foreign Direct Investment, billion dollars -2.09 2022 billion U.S. dollars
 Portfolio investment inflows, equities 0.00 2021 million dollars (current)
 Current account, percent of GDP 16.80 2022 percent
 Current account, in dollars 58.01 2022 billion U.S. dollars
 Trade balance, percent of GDP 13.27 2021 percent
 Trade balance, in dollars 57.92 2022 billion U.S. dollars
 Reserves 97.01 2022 billion U.S. dollars
 Remittances, percent of GDP 0.24 2022 percent
 Remittances 624.00 2022 million U.S. dollars
 Net errors and omissions -3,289.00 2022 million USD
 External debt 8.58 2022 percent
 Short-term external debt 5.11 2022 percent
 Short-term debt to reserves 1.19 2022 percent
 Foreign exchange reserves 143,614.00 9/2023 billion
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