Definition of Balance Of Payments

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.

Related Indicators

• Current Account Balance
• Fiscal Balance
• Trade Balance (USD)
• Current Account Balance Forecast
• Bank Credit