Singapore: Net errors and omissions

* indicates monthly or quarterly data series
 Singapore

Balance of payments, net errors and omissions

 Latest value -2,758.71
 Year 2023
 Measure million USD
 Data availability 1972 - 2023
 Average -254.98
 Min - Max -6,123.48 - 4,594.10
 Source The World Bank
For that indicator, we provide data for Singapore from 1972 to 2023. The average value for Singapore during that period was -254.98 million USD with a minimum of -6123.48 million USD in 2006 and a maximum of 4594.1 million USD in 1993. The latest value from 2023 is -2758.71 million USD. For comparison, the world average in 2023 based on 111 countries is -1826.71 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
Singapore - Net errors and omissions - Recent values chart

Historical chart
Singapore - Net errors and omissions - historical chart - 1972-2023




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.

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 Related indicators Latest value Reference Measure
 Terms of trade 93.61 2021 percent
 Trade openness 355.58 2022 percent
 Financial openness 2.299 2021 index points
 Exports, percent of GDP 186.55 2022 percent
 Exports, billion dollars 873.99 2023 billion U.S. dollars
 Growth of exports -1.30 2022 percent
 Imports, percent of GDP 150.31 2022 percent
 Imports, billion dollars 686.66 2023 billion U.S. dollars
 Foreign Direct Investment, percent of GDP 30.17 2022 percent
 Foreign Direct Investment, billion dollars 148.76 2022 billion U.S. dollars
 Portfolio investment inflows, equities 7,025.20 2023 million dollars (current)
 Current account, percent of GDP 19.77 2023 percent
 Current account, in dollars 99.13 2023 billion U.S. dollars
 Trade balance, percent of GDP 36.24 2022 percent
 Trade balance, in dollars 187.33 2023 billion U.S. dollars
 Reserves 296.63 2022 billion U.S. dollars
 Remittances, percent of GDP 0.00 2022 percent
 Remittances 0.00 2022 million U.S. dollars
 Net errors and omissions -2,758.71 2023 million USD
 Foreign exchange reserves 460.50 9/2023 billion
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