Malta: Net errors and omissions (current US$, BoP)

Key figures

What the numbers say

In 2024, Malta's net errors and omissions (current US$, BoP) fell US$451.4 million on 2023 (from US$286.1 million to −US$165.29 million).

Across the 30 yearly changes before that (1994 to 2023), the average change was +US$8.96 million and a typical year strayed about US$767.77 million from that (the standard deviation). This year's change was 0.6 standard deviations below that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.

On record, the biggest yearly rise was US$1.93 billion in 2018 and the biggest yearly fall was US$2.68 billion in 2017. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.

From 2015 to 2024 there is no clear straight-line trend: a straight line explains 4% of the movement over 10 observed years, so the value is moving around more than it is heading anywhere.

Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.

How it compares

In 2024, Malta had the 25th highest value of the 29 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.

Closest to Malta in the 2024 ranking

• Ethiopia — 22nd of 29: −US$48.85 million
• Marshall Islands — 23rd of 29: −US$49.93 million
• Namibia — 24th of 29: −US$80.84 million
• Zimbabwe — 26th of 29: −US$548.25 million
• Liberia — 27th of 29: −US$860.7 million
• Djibouti — 28th of 29: −US$872.54 million

What this measures

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. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.

All 54 values

Net errors and omissions (current US$, BoP) in nearby economies

• Afghanistan — US$3 billion (2020)
• Algeria — US$2.27 billion (2025)
• Bahrain — −US$868.23 million (2025)
• Djibouti — −US$872.54 million (2024)
• Egypt, Arab Rep. — US$2.45 billion (2025)
• Iraq — −US$8.91 billion (2025)
• Israel — US$2.12 billion (2025)
• Jordan — US$1.45 billion (2024)
• Kuwait — US$4.88 billion (2025)
• Lebanon — US$1.63 billion (2023)

More economic policy & debt data for Malta

• Total reserves, including gold (current US$) — US$1.54 billion (2025)
• Total reserves, excluding gold (current US$) — US$1.49 billion (2025)
• Other manufacturing (% of value added in manufacturing) — 46.54% (2023)
• Textiles and clothing (% of value added in manufacturing) — 1.23% (2023)
• Chemicals (% of value added in manufacturing) — 6.47% (2023)
• Machinery and transport equipment (% of value added in manufacturing) — 30.86% (2023)
• Foreign direct investment, net inflows (BoP, current US$) — US$14.36 billion (2025)
• Foreign direct investment, net inflows (% of GDP) — 51.71% (2025)
• General government final consumption expenditure (current US$)

Reading data like this

• Where to find free public data, and how to check it before you trust it — 2 min read
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• Real change or random noise? A plain guide to reading your numbers — 2 min read

Questions people ask

What is Malta's net errors and omissions (current US$, BoP)?

−US$165.29 million in 2024, according to the World Bank (World Development Indicators).

How has it changed since 1971?

It is down 1,370% from US$13.02 million in 1971. The highest value was US$990.57 million in 2012 and the lowest −US$1.69 billion in 2017.

How does Malta rank?

25th highest of 29 economies with data for 2024.

Is the latest change in net errors and omissions (current US$, BoP) unusual for Malta?

In 2024, Malta's net errors and omissions (current US$, BoP) fell US$451.4 million on 2023 (from US$286.1 million to −US$165.29 million). Across the 30 yearly changes before that (1994 to 2023), the average change was +US$8.96 million and a typical year strayed about US$767.77 million from that (the standard deviation). This year's change was 0.6 standard deviations below that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.

Source

World Bank, World Development Indicators, indicator BN.KAC.EOMS.CD, licensed CC BY 4.0. Original source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.

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