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Net errors and omissions in current prices

(US dollars)

The United States of America is the top country by net errors and omissions in the world. As of 2018, net errors and omissions in the United States of America was 42,287 million US dollars that accounts for -23.01 % of the world's net errors and omissions. The top 5 countries (others are the United Kingdom, Turkey, Japan, and Canada) account for -58.58 % of it. The world's total net errors and omissions was estimated at -183,807 million US dollars in 2018.

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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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