Kuwait: Net errors and omissions

* indicates monthly or quarterly data series
 Kuwait

Balance of payments, net errors and omissions

 Latest value 633.07
 Year 2022
 Measure million USD
 Data availability 1975 - 2022
 Average -899.02
 Min - Max -10,989.61 - 20,066.29
 Source The World Bank
For that indicator, we provide data for Kuwait from 1975 to 2022. The average value for Kuwait during that period was -899.02 million USD with a minimum of -10989.61 million USD in 1991 and a maximum of 20066.29 million USD in 2017. The latest value from 2022 is 633.07 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
Kuwait - Net errors and omissions - Recent values chart

Historical chart
Kuwait - Net errors and omissions - historical chart - 1975-2022




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 124.96 2021 percent
 Trade openness 98.18 2019 percent
 Financial openness 1.034 2021 index points
 Exports, percent of GDP 53.29 2019 percent
 Exports, billion dollars 72.58 2019 billion U.S. dollars
 Growth of exports -10.05 2019 percent
 Imports, percent of GDP 44.89 2019 percent
 Imports, billion dollars 61.14 2019 billion U.S. dollars
 Foreign Direct Investment, percent of GDP 0.43 2022 percent
 Foreign Direct Investment, billion dollars 0.75 2022 billion U.S. dollars
 Portfolio investment inflows, equities 1,207.39 2022 million dollars (current)
 Current account, percent of GDP 34.53 2022 percent
 Current account, in dollars 63.08 2022 billion U.S. dollars
 Trade balance, percent of GDP 8.40 2019 percent
 Trade balance, in dollars 55.01 2022 billion U.S. dollars
 Reserves 52.46 2022 billion U.S. dollars
 Remittances, percent of GDP 0.01 2022 percent
 Remittances 22.10 2022 million U.S. dollars
 Net errors and omissions 633.07 2022 million USD
 Foreign exchange reserves 13.06 9/2023 billion
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