Net errors and omissions in Benin
Benin: Net errors and omissions was 3.83 million BoP, current US$ in 2023. ◆ Volatile
Latest (2023)
3.83 million BoP, current US$
Change on year
down 11.3%
World rank
91st
of 199 countries
All-time high
182.80 million BoP, current US$
in 2003
All-time low
-52.49 million BoP, current US$
in 1987
Years of data
50
1974–2023
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$, in 1987.
That places Benin 91st out of 199 countries with data for 2023, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Net errors and omissions in Benin, year by year
| Year | BoP, current US$ | Change |
|---|---|---|
| 1974 | 10.66 million BoP, current US$ | — |
| 1975 | 22.68 million BoP, current US$ | +112.7% |
| 1976 | 24.98 million BoP, current US$ | +10.2% |
| 1977 | 20.29 million BoP, current US$ | -18.8% |
| 1978 | 13.35 million BoP, current US$ | -34.2% |
| 1979 | 12.03 million BoP, current US$ | -9.9% |
| 1980 | -13.67 million BoP, current US$ | -213.6% |
| 1981 | -3.75 million BoP, current US$ | -72.6% |
| 1982 | 12.07 million BoP, current US$ | -422.1% |
| 1983 | 9.66 million BoP, current US$ | -20.0% |
| 1984 | 35.08 million BoP, current US$ | +263.2% |
| 1985 | 16.46 million BoP, current US$ | -53.1% |
| 1986 | 672,816 BoP, current US$ | -95.9% |
| 1987 | -52.49 million BoP, current US$ | -7901.3% |
| 1988 | -1.57 million BoP, current US$ | -97.0% |
| 1989 | 15.87 million BoP, current US$ | -1112.0% |
| 1990 | 15.68 million BoP, current US$ | -1.2% |
| 1991 | 2.92 million BoP, current US$ | -81.4% |
| 1992 | 10.66 million BoP, current US$ | +265.7% |
| 1993 | -6.18 million BoP, current US$ | -158.0% |
| 1994 | -2.15 million BoP, current US$ | -65.2% |
| 1995 | -296,906 BoP, current US$ | -86.2% |
| 1996 | 7.54 million BoP, current US$ | -2640.6% |
| 1997 | 7.87 million BoP, current US$ | +4.3% |
| 1998 | 8.34 million BoP, current US$ | +5.9% |
| 1999 | 9.07 million BoP, current US$ | +8.8% |
| 2000 | 7.69 million BoP, current US$ | -15.2% |
| 2001 | 4.36 million BoP, current US$ | -43.3% |
| 2002 | 3.11 million BoP, current US$ | -28.7% |
| 2003 | 182.80 million BoP, current US$ | +5775.8% |
| 2004 | -10.33 million BoP, current US$ | -105.6% |
| 2005 | 31.44 million BoP, current US$ | -404.5% |
| 2006 | 47.46 million BoP, current US$ | +50.9% |
| 2007 | 104.64 million BoP, current US$ | +120.5% |
| 2008 | 41.73 million BoP, current US$ | -60.1% |
| 2009 | 12.20 million BoP, current US$ | -70.8% |
| 2010 | 38.38 million BoP, current US$ | +214.7% |
| 2011 | 18.75 million BoP, current US$ | -51.2% |
| 2012 | 18.40 million BoP, current US$ | -1.9% |
| 2013 | 16.41 million BoP, current US$ | -10.8% |
| 2014 | 14.32 million BoP, current US$ | -12.7% |
| 2015 | 3.84 million BoP, current US$ | -73.2% |
| 2016 | 3.99 million BoP, current US$ | +3.7% |
| 2017 | 6.87 million BoP, current US$ | +72.3% |
| 2018 | 5.99 million BoP, current US$ | -12.7% |
| 2019 | 6.70 million BoP, current US$ | +11.8% |
| 2020 | 3.51 million BoP, current US$ | -47.6% |
| 2021 | 5.14 million BoP, current US$ | +46.3% |
| 2022 | 4.31 million BoP, current US$ | -16.0% |
| 2023 | 3.83 million BoP, current US$ | -11.3% |
Benin compared with similar countries
- Benin's 3.83 million BoP, current US$ is above the median for lower middle income countries, which is 3.83 million BoP, current US$, 1.0× the median. (47 countries reporting)
- Benin's 3.83 million BoP, current US$ is above the median for Sub-Saharan Africa, which is -8.15 million BoP, current US$. (47 countries reporting)
Biggest year-on-year movements
Years where Net errors and omissions in Benin changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1987 | -7901.3% | 672,816 BoP, current US$ | -52.49 million BoP, current US$ |
| 2003 | +5775.8% | 3.11 million BoP, current US$ | 182.80 million BoP, current US$ |
| 1996 | +2640.6% | -296,906 BoP, current US$ | 7.54 million BoP, current US$ |
| 1989 | +1112.0% | -1.57 million BoP, current US$ | 15.87 million BoP, current US$ |
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
- 88 Guinea-Bissau 6.61 million BoP, current US$ compare
- 89 Luxembourg 6.53 million BoP, current US$ compare
- 90 Saint Kitts and Nevis 4.12 million BoP, current US$ compare
- 92 Togo 3.69 million BoP, current US$ compare
- 93 Saint Vincent and the Grenadines 2.76 million BoP, current US$ compare
- 94 Nauru 2.06 million BoP, current US$ compare
More economy & growth data for Benin
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 3.42 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 6.03 Percent per annum (2029)
- Foreign direct investment, net outflows (BoP, current US$), gaps 60.28 million BoP, current US$ (2024)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0028 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net outflows (BoP, current US$), per capita 4.17 BoP, current US$ per person (2024)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 543.01 million BoP, current US$ (2024)
- Foreign direct investment, net inflows (BoP, current US$), annual 22.59 % change on previous year (2024)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0253 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net inflows (BoP, current US$), per capita 37.55 BoP, current US$ per person (2024)
- General government final consumption expenditure (current US$) 12.54 % change on previous year (2025)
Frequently asked questions
- What is net errors and omissions in Benin?
- Net errors and omissions in Benin was 3.83 million BoP, current US$ 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 91st out of 199 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.