New Caledonia: Net errors and omissions
* indicates monthly or quarterly data series
New Caledonia |
Balance of payments, net errors and omissions |
---|---|
Latest value | -193.68 |
Year | 2016 |
Measure | million USD |
Data availability | 2002 - 2016 |
Average | -20.36 |
Min - Max | -235.81 - 268.15 |
Source | The World Bank |
The latest value from 2016 is -193.68 million USD, a decline from -4.47 million USD in 2015. In comparison, the world average is -1277.17 million USD, based on data from 177 countries. Historically, the average for New Caledonia from 2002 to 2016 is -20.36 million USD. The minimum value, -235.81 million USD, was reached in 2013 while the maximum of 268.15 million USD was recorded in 2007.
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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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Related indicators | Latest | Reference | Measure |
---|---|---|---|
Terms of trade | 129.06 | 2021 | percent |
Trade openness | 58.93 | 2017 | percent |
Exports, percent of GDP | 21.01 | 2017 | percent |
Exports, billion dollars | 1.93 | 2017 | billion U.S. dollars |
Imports, percent of GDP | 37.92 | 2017 | percent |
Imports, billion dollars | 3.48 | 2017 | billion U.S. dollars |
Foreign Direct Investment, percent of GDP | 7.24 | 2022 | percent |
Foreign Direct Investment, billion dollars | 0.70 | 2022 | billion U.S. dollars |
Portfolio investment inflows, equities | 0.00 | 2007 | million dollars (current) |
Current account, in dollars | -0.65 | 2016 | billion U.S. dollars |
Trade balance, percent of GDP | -16.91 | 2017 | percent |
Trade balance, in dollars | -1.50 | 2016 | billion U.S. dollars |
Remittances, percent of GDP | 6.45 | 2022 | percent |
Remittances | 621.06 | 2023 | million U.S. dollars |
Net errors and omissions | -193.68 | 2016 | million USD |