Philippines - Net errors and omissions

Net errors and omissions (BoP, current US$)

The latest value for Net errors and omissions (BoP, current US$) in Philippines was $1,244,816,000 as of 2021. Over the past 44 years, the value for this indicator has fluctuated between $2,729,034,000 in 2019 and ($5,248,000,000) in 1997.

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
1977 $215,000,000
1978 $112,846,300
1979 $256,000,000
1980 $94,000,000
1981 ($482,000,000)
1982 ($364,000,000)
1983 ($367,000,000)
1984 $67,000,000
1985 $516,013,200
1986 $4,000,000
1987 $29,000,000
1988 $479,000,000
1989 $383,000,000
1990 $585,000,000
1991 ($138,000,000)
1992 ($589,000,000)
1993 $84,000,000
1994 $164,000,000
1995 ($2,095,000,000)
1996 ($3,014,000,000)
1997 ($5,248,000,000)
1998 ($762,000,000)
1999 $2,280,000,000
2000 ($1,628,000,000)
2001 $622,000,000
2002 $15,000,000
2003 ($910,000,000)
2004 ($289,000,000)
2005 $2,173,839,000
2006 ($1,613,250,000)
2007 $277,237,400
2008 $1,204,346,000
2009 ($3,013,339,000)
2010 ($3,515,428,000)
2011 $278,808,600
2012 ($4,556,317,000)
2013 ($4,202,153,000)
2014 ($4,090,642,000)
2015 ($2,432,924,000)
2016 $273,883,000
2017 ($1,587,610,000)
2018 ($2,826,086,000)
2019 $2,729,034,000
2020 ($2,525,581,000)
2021 $1,244,816,000

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: Balance of payments