Net errors and omissions, Net (credits less debits), Adjusted using in Iceland
Iceland: Net errors and omissions, Net (credits less debits), Adjusted using was 1.09 billion in 2024. β Volatile
Net errors and omissions, Net (credits less debits), Adjusted using in Iceland, 2005β2024
Source: International Monetary Fund.
Analysis
In 2024, net errors and omissions, net (credits less debits), adjusted using in Iceland stood at 1.09 billion.
That represents a change of up 304.2% on the previous year and up 1,636.8% over ten years.
Over the whole period, net errors and omissions, net (credits less debits), adjusted using in Iceland peaked at 6.16 billion in 2009 and was at its lowest, -9.52 billion, in 2008.
That places Iceland 31st out of 197 countries with data for 2024, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -1.19 billion | -9.52 billion | 6.16 billion | 5 |
| 2010s | 58.83 million | -663.88 million | 1.45 billion | 10 |
| 2020s | 414.59 million | -533.54 million | 1.09 billion | 5 |
Countries ranked near Iceland
- 28 Colombia 1.39 billion compare
- 29 Yemen, Republic of 1.27 billion compare
- 30 Syrian Arab Republic 1.14 billion compare
- 32 South Africa 1.04 billion compare
- 33 Latvia 960.28 million compare
- 34 Belarus, Republic of 945.36 million compare
More financial sector data for Iceland
- Domestic credit to private sector by banks 89.2% (2025)
- Total reserves in months of imports 5.32 (2025)
- Net domestic credit 4.57 trillion current LCU (2025)
- Net foreign assets 397.39 billion current LCU (2025)
- Monetary Sector credit to private sector 89.2% (2025)
- Broad money 67.4% (2024)
- Claims on central government, etc. -3.9% (2025)
- Domestic credit to private sector 89.2% (2025)
- Official exchange rate 128.44 LCU per US$, period average (2025)
- Net migration 2,709 (2025)
Frequently asked questions
- What is net errors and omissions, net (credits less debits), adjusted using in Iceland?
- Net errors and omissions, net (credits less debits), adjusted using in Iceland was 1.09 billion in 2024, according to International Monetary Fund.
- What is the highest net errors and omissions, net (credits less debits), adjusted using recorded in Iceland?
- The highest recorded value was 6.16 billion in 2009.
- What is the lowest net errors and omissions, net (credits less debits), adjusted using recorded in Iceland?
- The lowest recorded value was -9.52 billion in 2008.
- How does Iceland rank for net errors and omissions, net (credits less debits), adjusted using?
- Iceland ranks 31st out of 197 countries with data for 2024.
- Is net errors and omissions, net (credits less debits), adjusted using rising or falling in Iceland?
- Over the last ten years it is up 1,636.8%. The long-run trend across the full record is volatile.
- Where does this Iceland data come from?
- The figures come from International Monetary Fund, published as part of Net errors and omissions, Net (credits less debits), Adjusted using IMF accounting records (US dollar). Statizoid updates them automatically from the source API.
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About this data
The World and Country Group Aggregates (historically called BOPSY) is an annual publication, released each November, of major balance of payments and international investment position components for countries, country groups, and the world.