Papua New Guinea PG: BOP: Net Errors and Omissions

Papua New Guinea PG: BOP: Net Errors and Omissions data was reported at -18.942 USD mn in 2016. This records a decrease from the previous number of 361.543 USD mn for 2015. Papua New Guinea PG: BOP: Net Errors and Omissions data is updated yearly, averaging 3.974 USD mn from Dec 1976 to 2016, with 41 observations. The data reached an all-time high of 1.385 USD bn in 2013 and a record low of -925.022 USD mn in 2011. Papua New Guinea PG: BOP: Net Errors and Omissions data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Papua New Guinea – Table PG.World Bank: Balance of Payments: Capital and Financial Account. 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.; ; International Monetary Fund, Balance of Payments Statistics Yearbook and data files.; ; Note: Data are based on the sixth edition of the IMF's Balance of Payments Manual (BPM6) and are only available from 2005 onwards.

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