North Macedonia: Net errors and omissions

* indicates monthly or quarterly data series
 North Macedonia

Balance of payments, net errors and omissions

 Latest value 73.35
 Year 2023
 Measure million USD
 Data availability 1996 - 2023
 Average 22.28
 Min - Max -51.84 - 157.00
 Source The World Bank
The latest value from 2023 is 73.35 million USD, an increase from 46.75 million USD in 2022. In comparison, the world average is -1826.71 million USD, based on data from 111 countries. Historically, the average for North Macedonia from 1996 to 2023 is 22.28 million USD. The minimum value, -51.84 million USD, was reached in 2007 while the maximum of 157 million USD was recorded in 1999. 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 data
North Macedonia - Net errors and omissions - Recent values chart

Historical series
North Macedonia - Net errors and omissions - historical chart - 1996-2023




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 87.86 2021 percent
 Trade openness 159.10 2023 percent
 Financial openness -0.042 2021 index points
 Exports, percent of GDP 72.79 2023 percent
 Exports, billion dollars 10.75 2023 billion U.S. dollars
 Growth of exports -0.13 2023 percent
 Imports, percent of GDP 86.31 2023 percent
 Imports, billion dollars 12.74 2023 billion U.S. dollars
 Foreign Direct Investment, percent of GDP 4.76 2023 percent
 Foreign Direct Investment, billion dollars 0.85 2022 billion U.S. dollars
 Portfolio investment inflows, equities -0.48 2023 million dollars (current)
 Current account, percent of GDP -6.74 2022 percent
 Current account, in dollars 0.10 2023 billion U.S. dollars
 Trade balance, percent of GDP -13.51 2023 percent
 Trade balance, in dollars -2.00 2023 billion U.S. dollars
 Reserves 5.01 2023 billion U.S. dollars
 Remittances, percent of GDP 3.13 2023 percent
 Remittances 462.42 2023 million U.S. dollars
 Net errors and omissions 73.35 2023 million USD
 External debt 89.26 2022 percent
 Short-term external debt 16.98 2022 percent
 Short-term debt to reserves 47.70 2022 percent
 Foreign exchange reserves 4.41 9/2024 billion
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