Korea - Net errors and omissions

Net errors and omissions (BoP, current US$)

The latest value for Net errors and omissions (BoP, current US$) in Korea was ($11,367,500,000) as of 2021. Over the past 45 years, the value for this indicator has fluctuated between $9,940,300,000 in 2006 and ($11,367,500,000) in 2021.

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.

Source: International Monetary Fund, Balance of Payments Statistics Yearbook and data files.

See also:

Year Value
1976 ($242,138,500)
1977 ($32,712,210)
1978 ($312,000,000)
1979 ($312,000,000)
1980 $567,500,000
1981 $1,476,700,000
1982 $1,020,100,000
1983 ($117,300,000)
1984 $147,600,000
1985 ($1,822,800,000)
1986 $343,200,000
1987 $2,487,600,000
1988 $1,019,700,000
1989 $1,819,700,000
1990 ($725,000,000)
1991 $826,700,000
1992 $1,317,400,000
1993 ($1,215,600,000)
1994 ($1,504,000,000)
1995 ($1,287,300,000)
1996 $993,200,000
1997 ($6,973,800,000)
1998 ($6,585,100,000)
1999 ($3,470,000,000)
2000 ($693,400,000)
2001 $6,187,600,000
2002 $1,502,700,000
2003 $5,420,500,000
2004 $4,759,800,000
2005 $6,260,900,000
2006 $9,940,300,000
2007 $6,647,900,000
2008 ($8,274,200,000)
2009 ($5,837,100,000)
2010 ($6,366,800,000)
2011 $6,394,100,000
2012 ($359,600,000)
2013 $1,307,400,000
2014 $3,487,100,000
2015 ($2,101,200,000)
2016 $2,047,800,000
2017 $9,312,300,000
2018 ($1,309,800,000)
2019 ($479,900,000)
2020 $5,866,800,000
2021 ($11,367,500,000)

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: Balance of payments