Tuvalu: Net errors and omissions
* indicates monthly or quarterly data series
| Tuvalu |
Balance of payments, net errors and omissions |
|---|---|
| Latest value | -3.38 |
| Year | 2022 |
| Measure | million USD |
| Data availability | 2001 - 2022 |
| Average | 0.69 |
| Min - Max | -9.73 - 11.69 |
| Source | The World Bank |
The latest value from 2022 is -3.38 million USD, a decline from 2.59 million USD in 2021. In comparison, the world average is -561.05 million USD, based on data from 168 countries. Historically, the average for Tuvalu from 2001 to 2022 is 0.69 million USD. The minimum value, -9.73 million USD, was reached in 2003 while the maximum of 11.69 million USD was recorded in 2011.
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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 |
|---|---|---|---|
| Foreign Direct Investment, percent of GDP | 0.27 | 2023 | percent |
| Foreign Direct Investment, billion dollars | 0.00 | 2022 | billion U.S. dollars |
| Portfolio investment inflows, equities | 0.00 | 2022 | million dollars (current) |
| Current account, percent of GDP | -8.04 | 2022 | percent |
| Current account, in dollars | 0.00 | 2022 | billion U.S. dollars |
| Trade balance, in dollars | -0.06 | 2022 | billion U.S. dollars |
| Remittances, percent of GDP | 4.82 | 2023 | percent |
| Remittances | 3.00 | 2023 | million U.S. dollars |
| Net errors and omissions | -3.38 | 2022 | million USD |