Nicaragua's net errors and omissions (current US$, BoP) was −US$1.44 billion in 2024, the latest year in the World Bank's World Development Indicators. That is down 148.48% from −US$580.7 million in 2014.
Key figures
| Value | Year | |
|---|---|---|
| Latest | −US$1.44 billion | 2024 |
| Five years earlier | −US$516.9 million | 2019 |
| Ten years earlier | −US$580.7 million | 2014 |
| Highest | US$320.07 million | 1997 |
| Lowest | −US$1.44 billion | 2024 |
| Average since 2015 | −US$642.94 million | 2015–2024 |
| First recorded | −US$3.9 million |
What the numbers say
In 2024, Nicaragua's net errors and omissions (current US$, BoP) fell US$343.42 million on 2023 (from −US$1.1 billion to −US$1.44 billion).
Across the 30 yearly changes before that (1994 to 2023), the average change was −US$40.92 million and a typical year strayed about US$277.02 million from that (the standard deviation). This year's change was 1.1 standard deviations below that average, so it was larger than a typical year, though not out of the range seen before.
On record, the biggest yearly rise was US$457.12 million in 2000 and the biggest yearly fall was US$729.2 million in 2011. 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 the straight-line trend is downward, about US$112.28 million a year. A straight line explains 78% of the movement over 10 observed years.
Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.
How it compares
In 2024, Nicaragua had the 29th highest value of the 29 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.
Closest to Nicaragua in the 2024 ranking
What this measures
Net errors and omissions constitute a residual category needed to ensure that accounts in the balance of payments statement sum to zero. Net errors and omissions are derived as the balance on the financial account minus the balances on the current and capital accounts. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.
All 48 values
| Year | Net errors and omissions (current US$, BoP) |
|---|---|
| 2024 | -1,442,898,775 |
| 2023 | -1,099,480,478 |
| 2022 | -867,117,070 |
| 2021 | -509,489,655 |
| 2020 | -590,909,640 |
| 2019 | -516,900,000 |
| 2018 | -507,700,000 |
| 2017 | -272,900,000 |
| 2016 | -195,500,000 |
| 2015 | -426,500,000 |
Net errors and omissions (current US$, BoP) in nearby economies
- Antigua and Barbuda — −US$19.23 million (2025)
- Argentina — −US$4.67 billion (2025)
- Aruba — −US$31.77 million (2023)
- Bahamas, The — US$147.9 million (2024)
- Barbados — −US$132.48 million (2017)
- Belize — −US$31.22 million (2025)
- Bolivia — US$140.32 million (2025)
- Brazil — US$2.66 billion (2025)
- Chile — −US$1.81 billion (2025)
- Colombia — US$2.13 billion (2025)
More economic policy & debt data for Nicaragua
- General government final consumption expenditure (current US$) — US$2.53 billion (2025)
- General government final consumption expenditure (current LCU) — 92.55 billion (2025)
- General government final consumption expenditure (constant 2015 US$) — US$2.07 billion (2025)
- General government final consumption expenditure (constant LCU) — 29.48 billion (2025)
- General government final consumption expenditure (% of GDP) — 11.36% (2025)
- Households and NPISHs final consumption expenditure (constant 2015 US$) — US$13.16 billion (2025)
- Households and NPISHs final consumption expenditure (constant LCU) — 195.05 billion (2025)
- Households and NPISHs final consumption expenditure per capita (constant 2015 US$)
Reading data like this
Questions people ask
- What is Nicaragua's net errors and omissions (current US$, BoP)?
- −US$1.44 billion in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 1977?
- It is down 36,897% from −US$3.9 million in 1977. The highest value was US$320.07 million in 1997 and the lowest −US$1.44 billion in 2024.
- How does Nicaragua rank?
- 29th highest of 29 economies with data for 2024.
- Is the latest change in net errors and omissions (current US$, BoP) unusual for Nicaragua?
- In 2024, Nicaragua's net errors and omissions (current US$, BoP) fell US$343.42 million on 2023 (from −US$1.1 billion to −US$1.44 billion). Across the 30 yearly changes before that (1994 to 2023), the average change was −US$40.92 million and a typical year strayed about US$277.02 million from that (the standard deviation). This year's change was 1.1 standard deviations below that average, so it was larger than a typical year, though not out of the range seen before.
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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