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Net errors and omissions in current prices

(US dollars)

In 2018, net errors and omissions in Singapore was -3,077 million US dollars. In the ranking by net errors and omissions including 126 countries, Singapore has the 110th rank that is close to the positions of such countries as Poland and the Hungary. Compared to the United States of America which at the top of the ranking with net errors and omissions of 42,287 million US dollars in 2018, Singapore has 107.28 % percent lower net errors and omissions.

The description is composed by our digital data assistant.

What is net errors and omissions?

Net errors and omissions constitute a residual category needed to ensure that all debit and credit entries in the balance of payments statement sum to zero.

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