Palau: Net errors and omissions
* indicates monthly or quarterly data series
| Palau |
Balance of payments, net errors and omissions |
|---|---|
| Latest value | -38.18 |
| Year | 2023 |
| Measure | million USD |
| Data availability | 2005 - 2023 |
| Average | -1.08 |
| Min - Max | -38.18 - 37.77 |
| Source | The World Bank |
| Available for | Data download |
The latest value from 2023 is -38.18 million USD, a decline from -12.32 million USD in 2022. In comparison, the world average is -1264.19 million USD, based on data from 170 countries. Historically, the average for Palau from 2005 to 2023 is -1.08 million USD. The minimum value, -38.18 million USD, was reached in 2023 while the maximum of 37.77 million USD was recorded in 2020.
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* indicates monthly or quarterly data series
| Recent values | Palau: Net errors and omissions |
|---|---|
| 2023 | -38.18 |
| 2022 | -12.32 |
| 2021 | 9.99 |
| 2020 | 37.77 |
| 2019 | -24.81 |
| 2018 | -19.07 |
| 2017 | -2.59 |
| 2016 | -1.93 |
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. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.
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| Related indicators | Latest | Reference | Measure |
|---|---|---|---|
| Terms of trade | 96.50 | 2024 | percent |
| Trade openness | 105.81 | 2024 | percent |
| Exports, percent of GDP | 32.70 | 2024 | percent |
| Exports, billion dollars | 0.11 | 2024 | billion U.S. dollars |
| Growth of exports | 40.57 | 2024 | percent |
| Imports, percent of GDP | 73.11 | 2024 | percent |
| Imports, billion dollars | 0.24 | 2024 | billion U.S. dollars |
| Foreign Direct Investment, percent of GDP | 21.49 | 2024 | percent |
| Foreign Direct Investment, billion dollars | 0.07 | 2024 | billion U.S. dollars |
| Current account, percent of GDP | -48.61 | 2023 | percent |
| Current account, in dollars | -0.13 | 2023 | billion U.S. dollars |
| Trade balance, percent of GDP | -40.41 | 2024 | percent |
| Trade balance, in dollars | -0.14 | 2023 | billion U.S. dollars |
| Remittances, percent of GDP | 0.80 | 2023 | percent |
| Remittances | 2.22 | 2023 | million U.S. dollars |
| Net errors and omissions | -38.18 | 2023 | million USD |
| External debt | 74.20 | 2023 | percent |
| Short-term external debt | 0.00 | 2023 | percent |