Net errors and omissions, Net (credits less debits), Adjusted using in Venezuela
Venezuela: Net errors and omissions, Net (credits less debits), Adjusted using was -2.80 billion in 2016. ▼ Falling
Net errors and omissions, Net (credits less debits), Adjusted using in Venezuela, 2005–2016
Source: International Monetary Fund.
Analysis
The most recent figure for net errors and omissions, net (credits less debits), adjusted using in Venezuela is -2.80 billion, measured in 2016.
That represents a change of down 23.4% on the previous year and down 26.4% over ten years.
Over the whole period, net errors and omissions, net (credits less debits), adjusted using in Venezuela peaked at -789.67 million in 2007 and was at its lowest, -3.73 billion, in 2010.
That places Venezuela 176th out of 197 countries with data for 2016, putting it in the bottom quarter.
The long-run direction has been consistently falling across the 12 years of available data.
Net errors and omissions, Net (credits less debits), Adjusted using in Venezuela, year by year
| Year | Value | Change |
|---|---|---|
| 2005 | -3.59 billion | — |
| 2006 | -2.21 billion | -38.4% |
| 2007 | -789.67 million | -64.3% |
| 2008 | -1.91 billion | +142.1% |
| 2009 | -2.81 billion | +46.8% |
| 2010 | -3.73 billion | +33.0% |
| 2011 | -1.48 billion | -60.3% |
| 2012 | -2.12 billion | +43.2% |
| 2013 | -3.42 billion | +61.1% |
| 2014 | -3.22 billion | -5.8% |
| 2015 | -2.27 billion | -29.6% |
| 2016 | -2.80 billion | +23.4% |
Venezuela compared with similar countries
- Venezuela's -2.80 billion is below the median for lower middle income countries, which is -42.57 million, 65.7× the median. (46 countries reporting)
- Venezuela's -2.80 billion is below the median for Latin America & Caribbean, which is -44.16 million, 63.3× the median. (37 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -2.26 billion | -3.59 billion | -789.67 million | 5 |
| 2010s | -2.72 billion | -3.73 billion | -1.48 billion | 7 |
Countries ranked near Venezuela
More financial sector data for Venezuela
- Reserve position in the IMF, US dollar, annual growth rate 5.01 % change on previous year (2025)
- Reserve position in the IMF, US dollar, per unit of GDP 0.0035 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 12.24 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate 0 % change on previous year (2025)
- Reserve position in the IMF, SDR, per unit of GDP 0.0026 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 8.94 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 5.01 % change on previous year (2025)
- Reserve tranche position, US dollar, per unit of GDP 0.0035 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 12.24 units per person (2025)
- Reserve tranche position, SDR, annual growth rate 0 % change on previous year (2025)
Frequently asked questions
- What is net errors and omissions, net (credits less debits), adjusted using in Venezuela?
- Net errors and omissions, net (credits less debits), adjusted using in Venezuela was -2.80 billion in 2016, according to International Monetary Fund.
- What is the highest net errors and omissions, net (credits less debits), adjusted using recorded in Venezuela?
- The highest recorded value was -789.67 million in 2007.
- What is the lowest net errors and omissions, net (credits less debits), adjusted using recorded in Venezuela?
- The lowest recorded value was -3.73 billion in 2010.
- How does Venezuela rank for net errors and omissions, net (credits less debits), adjusted using?
- Venezuela ranks 176th out of 197 countries with data for 2016.
- Is net errors and omissions, net (credits less debits), adjusted using rising or falling in Venezuela?
- Over the last ten years it is down 26.4%. The long-run trend across the full record is falling.
- Where does this Venezuela 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.