Net errors and omissions in Benin
Benin: Net errors and omissions was 3.83 million BoP, current US$ in 2023. ◆ Volatile
Net errors and omissions in Benin, 1974–2023
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in BoP, current US$.
Analysis
The most recent figure for net errors and omissions in Benin is 3.83 million BoP, current US$, measured in 2023.
The figure is down 11.3% on the previous year and down 76.7% over ten years.
Over the whole period, net errors and omissions in Benin peaked at 182.80 million BoP, current US$ in 2003 and was at its lowest, -52.49 million BoP, current US$, in 1987.
That places Benin 89th out of 197 countries with data for 2023, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 17.33 million BoP, current US$ | 10.66 million BoP, current US$ | 24.98 million BoP, current US$ | 6 |
| 1980s | 1.83 million BoP, current US$ | -52.49 million BoP, current US$ | 35.08 million BoP, current US$ | 10 |
| 1990s | 5.34 million BoP, current US$ | -6.18 million BoP, current US$ | 15.68 million BoP, current US$ | 10 |
| 2000s | 42.51 million BoP, current US$ | -10.33 million BoP, current US$ | 182.80 million BoP, current US$ | 10 |
| 2010s | 13.36 million BoP, current US$ | 3.84 million BoP, current US$ | 38.38 million BoP, current US$ | 10 |
| 2020s | 4.20 million BoP, current US$ | 3.51 million BoP, current US$ | 5.14 million BoP, current US$ | 4 |
Countries ranked near Benin
- 86 Guinea-Bissau 6.61 million BoP, current US$ compare
- 88 Saint Kitts and Nevis 4.12 million BoP, current US$ compare
- 90 Togo 3.69 million BoP, current US$ compare
- 91 Saint Vincent and the Grenadines 2.76 million BoP, current US$ compare
- 92 Nauru 2.06 million BoP, current US$ compare
More economy & growth data for Benin
- External balance on goods and services as a percent of GDP -3.0% (2025)
- Inflation of consumer prices 1.1% (2025)
- GDP per capita 1,398 constant 2015 US$ (2025)
- Share of manufacturing in gross domestic product (GDP) 10.2% (2025)
- Gross domestic product (GDP) 20.71 billion constant 2015 US$ (2025)
- GDP per capita in international and market dollars 1,398 constant 2015 US$ (2025)
- DEC alternative conversion factor 581.93 LCU per US$ (2025)
- Net secondary income (Net current transfers from abroad) 178.36 billion current LCU (2025)
- Net secondary income (Net current transfers from abroad) 306.50 million current US$ (2025)
- Taxes less subsidies on products 1.36 trillion current LCU (2025)
Frequently asked questions
- What is net errors and omissions in Benin?
- Net errors and omissions in Benin was 3.83 million BoP, current US$ in 2023, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest net errors and omissions recorded in Benin?
- The highest recorded value was 182.80 million BoP, current US$ in 2003.
- What is the lowest net errors and omissions recorded in Benin?
- The lowest recorded value was -52.49 million BoP, current US$ in 1987.
- How does Benin rank for net errors and omissions?
- Benin ranks 89th out of 197 countries with data for 2023.
- Is net errors and omissions rising or falling in Benin?
- Over the last ten years it is down 76.7%. The long-run trend across the full record is volatile.
- Where does this Benin data come from?
- The figures come from Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Net errors and omissions (BoP, current US$). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 50 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
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.