Quarterly, Not Seasonally Adjusted
BOPERRN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
15.79
Year-over-Year Change
-115.45%
Date Range
1/1/1960 - 1/1/2014
Summary
The Balance of Payments Errors and Omissions, Not Seasonally Adjusted series measures the statistical discrepancy between capital inflows and outflows in the U.S. balance of payments. This metric is important for economists and policymakers to assess the overall accuracy of balance of payments data.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Balance of Payments Errors and Omissions series represents the difference between total credits (capital inflows) and total debits (capital outflows) in the U.S. balance of payments accounts. It is used to reconcile imbalances and evaluate the quality of the underlying data sources.
Methodology
This data is calculated by the U.S. Bureau of Economic Analysis based on reported capital flows and account balances.
Historical Context
Economists and analysts use this metric to gauge the reliability of the overall balance of payments accounts and identify potential data collection or reporting issues.
Key Facts
- The balance of payments statistical discrepancy averaged $25 billion per quarter in 2022.
- Errors and omissions have been positive, indicating an underreporting of net capital inflows, for most of the past decade.
- Reducing the statistical discrepancy is an ongoing goal for improving the accuracy of U.S. balance of payments statistics.
FAQs
Q: What does this economic trend measure?
A: The Balance of Payments Errors and Omissions series measures the statistical discrepancy between total capital inflows and outflows reported in the U.S. balance of payments accounts.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for evaluating the overall quality and reliability of the U.S. balance of payments data, which is crucial for economic analysis and policymaking.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis based on reported capital flows and account balances.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this metric to assess the accuracy of the balance of payments accounts and identify potential issues with data collection or reporting.
Q: Are there update delays or limitations?
A: The Balance of Payments Errors and Omissions data is published quarterly with the same release schedule as the overall U.S. balance of payments accounts.
Related Trends
Seasonal Adjustment Discrepancy
IEASAD
US Acquisition of Portfolio Investment Assets: Equity and investment fund shares
IEAAPIE
US Acquisition of Other Investment Assets: Trade credit and advances
IEAAOIT
US Acquisition of Reserve Assets
IEAAR
Direct Investment Liabilities: Debt instruments
IEAIDIDI
US Acquisition of Other Reserve Assets: Currency and deposits
IEAACDN
Citation
U.S. Federal Reserve, Balance of Payments Errors and Omissions, Not Seasonally Adjusted (BOPERRN), retrieved from FRED.