USA: Net errors and omissions

* indicates monthly or quarterly data series
 USA

Balance of payments, net errors and omissions

 Latest value -74,318.00
 Year 2023
 Measure million USD
 Data availability 1970 - 2023
 Average 11,052.81
 Min - Max -110,151.00 - 171,406.00
 Source The World Bank
The latest value from 2023 is -74318 million USD, a decline from 171406 million USD in 2022. In comparison, the world average is -1826.71 million USD, based on data from 111 countries. Historically, the average for the USA from 1970 to 2023 is 11052.81 million USD. The minimum value, -110151 million USD, was reached in 2019 while the maximum of 171406 million USD was recorded in 2022. 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
USA - Net errors and omissions - Recent values chart

Historical series
USA - Net errors and omissions - historical chart - 1970-2023




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 Reference Measure
 Terms of trade 104.65 2021 percent
 Trade openness 27.04 2022 percent
 Financial openness 2.299 2021 index points
 Exports, percent of GDP 11.63 2022 percent
 Exports, billion dollars 2,995.05 2022 billion U.S. dollars
 Growth of exports 6.96 2022 percent
 Imports, percent of GDP 15.41 2022 percent
 Imports, billion dollars 3,966.17 2022 billion U.S. dollars
 Foreign Direct Investment, percent of GDP 1.27 2023 percent
 Foreign Direct Investment, billion dollars 388.08 2022 billion U.S. dollars
 Portfolio investment inflows, equities 155,248.00 2023 million dollars (current)
 Current account, percent of GDP -3.00 2023 percent
 Current account, in dollars -818.82 2023 billion U.S. dollars
 Trade balance, percent of GDP -3.77 2022 percent
 Trade balance, in dollars -779.79 2023 billion U.S. dollars
 Reserves 773.43 2023 billion U.S. dollars
 Remittances, percent of GDP 0.03 2023 percent
 Remittances 7,222.96 2023 million U.S. dollars
 Net errors and omissions -74,318.00 2023 million USD
 Foreign exchange reserves 250.62 9/2024 billion
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