Net errors and omissions in Congo
Congo: Net errors and omissions was -383.56 million BoP, current US$ in 2021. ◆ Volatile
Net errors and omissions in Congo, 1978–2021
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in BoP, current US$.
Analysis
The most recent figure for net errors and omissions in Congo is -383.56 million BoP, current US$, measured in 2021.
That represents a change of down 487.9% on the previous year and down 3.5% over ten years.
Over the whole period, net errors and omissions in Congo peaked at 3.11 billion BoP, current US$ in 2016 and was at its lowest, -403.40 million BoP, current US$, in 2012.
Congo ranks 147th of 199 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Net errors and omissions in Congo, year by year
| Year | BoP, current US$ | Change |
|---|---|---|
| 1978 | -1.29 million BoP, current US$ | — |
| 1979 | 30.14 million BoP, current US$ | -2445.1% |
| 1980 | 34.20 million BoP, current US$ | +13.5% |
| 1981 | 173.09 million BoP, current US$ | +406.2% |
| 1982 | 41.94 million BoP, current US$ | -75.8% |
| 1983 | 69.98 million BoP, current US$ | +66.8% |
| 1984 | 20.32 million BoP, current US$ | -71.0% |
| 1985 | 42.65 million BoP, current US$ | +109.9% |
| 1986 | 49.09 million BoP, current US$ | +15.1% |
| 1987 | 28.20 million BoP, current US$ | -42.6% |
| 1988 | 39.53 million BoP, current US$ | +40.2% |
| 1989 | 9.09 million BoP, current US$ | -77.0% |
| 1990 | -41.87 million BoP, current US$ | -560.6% |
| 1991 | -9.57 million BoP, current US$ | -77.1% |
| 1992 | 40.42 million BoP, current US$ | -522.4% |
| 1993 | 243.32 million BoP, current US$ | +501.9% |
| 1994 | 48.09 million BoP, current US$ | -80.2% |
| 1995 | -53.64 million BoP, current US$ | -211.5% |
| 1996 | -13.66 million BoP, current US$ | -74.5% |
| 1997 | 72.35 million BoP, current US$ | -629.6% |
| 1998 | -70.85 million BoP, current US$ | -197.9% |
| 1999 | -91.19 million BoP, current US$ | +28.7% |
| 2000 | -77.93 million BoP, current US$ | -14.5% |
| 2001 | -12.48 million BoP, current US$ | -84.0% |
| 2002 | -220.47 million BoP, current US$ | +1666.1% |
| 2003 | -116.08 million BoP, current US$ | -47.4% |
| 2004 | -92.37 million BoP, current US$ | -20.4% |
| 2005 | 33.19 million BoP, current US$ | -135.9% |
| 2006 | 146.81 million BoP, current US$ | +342.3% |
| 2007 | 1.56 billion BoP, current US$ | +961.2% |
| 2008 | 1.50 billion BoP, current US$ | -3.5% |
| 2009 | -132.24 million BoP, current US$ | -108.8% |
| 2010 | -250.48 million BoP, current US$ | +89.4% |
| 2011 | -370.62 million BoP, current US$ | +48.0% |
| 2012 | -403.40 million BoP, current US$ | +8.8% |
| 2013 | -273.16 million BoP, current US$ | -32.3% |
| 2014 | -194.18 million BoP, current US$ | -28.9% |
| 2015 | 417.01 million BoP, current US$ | -314.8% |
| 2016 | 3.11 billion BoP, current US$ | +645.0% |
| 2019 | 86.47 million BoP, current US$ | -97.2% |
| 2020 | -65.24 million BoP, current US$ | -175.4% |
| 2021 | -383.56 million BoP, current US$ | +487.9% |
Congo compared with similar countries
- Congo's -383.56 million BoP, current US$ is below the median for lower middle income countries, which is 3.83 million BoP, current US$. (47 countries reporting)
- Congo's -383.56 million BoP, current US$ is below the median for Sub-Saharan Africa, which is -8.15 million BoP, current US$, 47.1× the median. (47 countries reporting)
Biggest year-on-year movements
Years where Net errors and omissions in Congo changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1979 | +2445.1% | -1.29 million BoP, current US$ | 30.14 million BoP, current US$ |
| 2002 | -1666.1% | -12.48 million BoP, current US$ | -220.47 million BoP, current US$ |
| 2007 | +961.2% | 146.81 million BoP, current US$ | 1.56 billion BoP, current US$ |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 14.43 million BoP, current US$ | -1.29 million BoP, current US$ | 30.14 million BoP, current US$ | 2 |
| 1980s | 50.81 million BoP, current US$ | 9.09 million BoP, current US$ | 173.09 million BoP, current US$ | 10 |
| 1990s | 12.34 million BoP, current US$ | -91.19 million BoP, current US$ | 243.32 million BoP, current US$ | 10 |
| 2000s | 258.94 million BoP, current US$ | -220.47 million BoP, current US$ | 1.56 billion BoP, current US$ | 10 |
| 2010s | 264.80 million BoP, current US$ | -403.40 million BoP, current US$ | 3.11 billion BoP, current US$ | 8 |
| 2020s | -224.40 million BoP, current US$ | -383.56 million BoP, current US$ | -65.24 million BoP, current US$ | 2 |
Countries ranked near Congo
- 144 Philippines -346.43 million BoP, current US$ compare
- 145 Malaysia -347.42 million BoP, current US$ compare
- 146 Bermuda -370.23 million BoP, current US$ compare
- 148 Mongolia -393.23 million BoP, current US$ compare
- 149 Finland -408.69 million BoP, current US$ compare
- 150 New Zealand -416.44 million BoP, current US$ compare
More economy & growth data for Congo
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 1.79 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 4.01 Percent per annum (2029)
- Foreign direct investment, net outflows (BoP, current US$), gaps 25.39 million BoP, current US$ (2024)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0016 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net outflows (BoP, current US$), per capita 4.01 BoP, current US$ per person (2024)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 603.62 million BoP, current US$ (2024)
- Foreign direct investment, net inflows (BoP, current US$), annual -3.65 % change on previous year (2024)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0384 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net inflows (BoP, current US$), per capita 95.31 BoP, current US$ per person (2024)
- Total reserves (includes gold, current US$), annual growth rate 6.03 % change on previous year (2024)
Frequently asked questions
- What is net errors and omissions in Congo?
- Net errors and omissions in Congo was -383.56 million BoP, current US$ in 2021, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest net errors and omissions recorded in Congo?
- The highest recorded value was 3.11 billion BoP, current US$ in 2016.
- What is the lowest net errors and omissions recorded in Congo?
- The lowest recorded value was -403.40 million BoP, current US$ in 2012.
- How does Congo rank for net errors and omissions?
- Congo ranks 147th out of 199 countries with data for 2021.
- Is net errors and omissions rising or falling in Congo?
- Over the last ten years it is down 3.5%. The long-run trend across the full record is volatile.
- Where does this Congo 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.
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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.