Net errors and omissions, Net (credits less debits), Adjusted using in Philippines
Philippines: Net errors and omissions, Net (credits less debits), Adjusted using was -1.40 billion in 2024. ◆ Volatile
Net errors and omissions, Net (credits less debits), Adjusted using in Philippines, 2005–2024
Source: International Monetary Fund.
Analysis
Philippines recorded -1.40 billion for net errors and omissions, net (credits less debits), adjusted using in 2024.
That represents a change of down 159.0% on the previous year and up 65.8% over ten years.
Over the whole period, net errors and omissions, net (credits less debits), adjusted using in Philippines peaked at 2.73 billion in 2019 and was at its lowest, -4.56 billion, in 2012.
That places Philippines 166th out of 197 countries with data for 2024, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Net errors and omissions, Net (credits less debits), Adjusted using in Philippines, year by year
| Year | Value | Change |
|---|---|---|
| 2005 | 2.17 billion | — |
| 2006 | -1.61 billion | -174.0% |
| 2007 | 277.48 million | -117.2% |
| 2008 | 1.20 billion | +334.1% |
| 2009 | -3.01 billion | -350.2% |
| 2010 | -3.51 billion | +16.7% |
| 2011 | 281.00 million | -108.0% |
| 2012 | -4.56 billion | -1721.1% |
| 2013 | -4.20 billion | -7.8% |
| 2014 | -4.09 billion | -2.7% |
| 2015 | -2.43 billion | -40.5% |
| 2016 | 275.56 million | -111.3% |
| 2017 | -1.59 billion | -676.3% |
| 2018 | -2.83 billion | +77.9% |
| 2019 | 2.73 billion | -196.7% |
| 2020 | -2.52 billion | -192.4% |
| 2021 | 774.14 million | -130.7% |
| 2022 | -2.92 billion | -477.7% |
| 2023 | 2.37 billion | -181.1% |
| 2024 | -1.40 billion | -159.0% |
Philippines compared with similar countries
- Philippines's -1.40 billion is below the median for upper middle income countries, which is -19.88 million, 70.3× the median. (54 countries reporting)
- Philippines's -1.40 billion is below the median for East Asia & Pacific, which is -38.44 million, 36.4× the median. (33 countries reporting)
Biggest year-on-year movements
Years where Net errors and omissions, Net (credits less debits), Adjusted using in Philippines changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2012 | -1721.1% | 281.00 million | -4.56 billion |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -193.22 million | -3.01 billion | 2.17 billion | 5 |
| 2010s | -1.99 billion | -4.56 billion | 2.73 billion | 10 |
| 2020s | -740.16 million | -2.92 billion | 2.37 billion | 5 |
Countries ranked near Philippines
More financial sector data for Philippines
- Reserve position in the IMF, US dollar, annual growth rate 7.66 % change on previous year (2025)
- Reserve position in the IMF, US dollar, per unit of GDP 0.0015 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 6.23 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate 2.52 % change on previous year (2025)
- Reserve position in the IMF, SDR, per unit of GDP 0.0011 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 4.55 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 7.66 % change on previous year (2025)
- Reserve tranche position, US dollar, per unit of GDP 0.0015 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 6.23 units per person (2025)
- Reserve tranche position, SDR, annual growth rate 2.52 % change on previous year (2025)
Frequently asked questions
- What is net errors and omissions, net (credits less debits), adjusted using in Philippines?
- Net errors and omissions, net (credits less debits), adjusted using in Philippines was -1.40 billion in 2024, according to International Monetary Fund.
- What is the highest net errors and omissions, net (credits less debits), adjusted using recorded in Philippines?
- The highest recorded value was 2.73 billion in 2019.
- What is the lowest net errors and omissions, net (credits less debits), adjusted using recorded in Philippines?
- The lowest recorded value was -4.56 billion in 2012.
- How does Philippines rank for net errors and omissions, net (credits less debits), adjusted using?
- Philippines ranks 166th out of 197 countries with data for 2024.
- Is net errors and omissions, net (credits less debits), adjusted using rising or falling in Philippines?
- Over the last ten years it is up 65.8%. The long-run trend across the full record is volatile.
- Where does this Philippines 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.