Net errors and omissions in Equatorial Guinea
Equatorial Guinea: Net errors and omissions was 23.71 million BoP, current US$ in 1996. ◆ Volatile
Net errors and omissions in Equatorial Guinea, 1987–1996
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in BoP, current US$.
Analysis
In 1996, net errors and omissions in Equatorial Guinea stood at 23.71 million BoP, current US$. That is the highest value across all 10 years on record.
Compared with earlier readings it is up 157.3% on the previous year and up 4,354.3% over ten years.
Over the whole period, net errors and omissions in Equatorial Guinea peaked at 23.71 million BoP, current US$ in 1996 and was at its lowest, -16.16 million BoP, current US$, in 1993.
That places Equatorial Guinea 75th out of 199 countries with data for 1996, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Net errors and omissions in Equatorial Guinea, year by year
| Year | BoP, current US$ | Change |
|---|---|---|
| 1987 | 532,381 BoP, current US$ | — |
| 1988 | -2.69 million BoP, current US$ | -605.1% |
| 1989 | -4.34 million BoP, current US$ | +61.3% |
| 1990 | -1.78 million BoP, current US$ | -58.9% |
| 1991 | -2.23 million BoP, current US$ | +25.0% |
| 1992 | -1.07 million BoP, current US$ | -52.1% |
| 1993 | -16.16 million BoP, current US$ | +1416.5% |
| 1994 | -473,699 BoP, current US$ | -97.1% |
| 1995 | 9.22 million BoP, current US$ | -2045.9% |
| 1996 | 23.71 million BoP, current US$ | +157.3% |
Equatorial Guinea compared with similar countries
- Equatorial Guinea's 23.71 million BoP, current US$ is above the median for upper middle income countries, which is 2.76 million BoP, current US$, 8.6× the median. (57 countries reporting)
- Equatorial Guinea's 23.71 million BoP, current US$ is above the median for Sub-Saharan Africa, which is -8.15 million BoP, current US$. (47 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | -2.17 million BoP, current US$ | -4.34 million BoP, current US$ | 532,381 BoP, current US$ | 3 |
| 1990s | 1.60 million BoP, current US$ | -16.16 million BoP, current US$ | 23.71 million BoP, current US$ | 7 |
Countries ranked near Equatorial Guinea
More economy & growth data for Equatorial Guinea
- Foreign direct investment, net outflows (BoP, current US$), gaps 153.78 million BoP, current US$ (2024)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0116 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net outflows (BoP, current US$), per capita 81.26 BoP, current US$ per person (2024)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 188.01 million BoP, current US$ (2024)
- Foreign direct investment, net inflows (BoP, current US$), annual 32.61 % change on previous year (2024)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0142 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net inflows (BoP, current US$), per capita 99.34 BoP, current US$ per person (2024)
- Total reserves (includes gold, current US$), annual growth rate -30.01 % change on previous year (2024)
- Total reserves (includes gold, current US$), per unit of GDP 0.0812 includes gold, current US$ per US$ of GDP (2024)
- Total reserves (includes gold, current US$), per capita 568.98 includes gold, current US$ per person (2024)
Frequently asked questions
- What is net errors and omissions in Equatorial Guinea?
- Net errors and omissions in Equatorial Guinea was 23.71 million BoP, current US$ in 1996, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest net errors and omissions recorded in Equatorial Guinea?
- The highest recorded value was 23.71 million BoP, current US$ in 1996.
- What is the lowest net errors and omissions recorded in Equatorial Guinea?
- The lowest recorded value was -16.16 million BoP, current US$ in 1993.
- How does Equatorial Guinea rank for net errors and omissions?
- Equatorial Guinea ranks 75th out of 199 countries with data for 1996.
- Is net errors and omissions rising or falling in Equatorial Guinea?
- Over the last ten years it is up 4,354.3%. The long-run trend across the full record is volatile.
- Where does this Equatorial Guinea 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.