Net errors and omissions (BoP, current US$) in Eritrea
Eritrea: Net errors and omissions (BoP, current US$) was -22.87 million BoP, current US$ in 2000. ◆ Volatile
Net errors and omissions in Eritrea, 1992–2000
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in BoP, current US$.
Analysis
The most recent figure for net errors and omissions in Eritrea is -22.87 million BoP, current US$, measured in 2000.
The figure is down 278.8% on the previous year and up 54.6% over ten years.
Over the whole period, net errors and omissions in Eritrea peaked at 31.67 million BoP, current US$ in 1993 and was at its lowest, -139.37 million BoP, current US$, in 1997.
Eritrea ranks 107th of 199 countries on this measure, in the middle of the range.
Net errors and omissions (BoP, current US$) in Eritrea, year by year
| Year | BoP, current US$ | Change |
|---|---|---|
| 1992 | -50.36 million BoP, current US$ | — |
| 1993 | 31.67 million BoP, current US$ | -162.9% |
| 1994 | -61.45 million BoP, current US$ | -294.0% |
| 1995 | -40.55 million BoP, current US$ | -34.0% |
| 1996 | -64.45 million BoP, current US$ | +58.9% |
| 1997 | -139.37 million BoP, current US$ | +116.2% |
| 1998 | -66.45 million BoP, current US$ | -52.3% |
| 1999 | 12.79 million BoP, current US$ | -119.3% |
| 2000 | -22.87 million BoP, current US$ | -278.8% |
Eritrea compared with similar countries
- Eritrea's -22.87 million BoP, current US$ is below the median for low income countries, which is -8.15 million BoP, current US$, 2.8× the median. (23 countries reporting)
- Eritrea's -22.87 million BoP, current US$ is below the median for Sub-Saharan Africa, which is -2.34 million BoP, current US$, 9.8× the median. (47 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | -47.27 million BoP, current US$ | -139.37 million BoP, current US$ | 31.67 million BoP, current US$ | 8 |
| 2000s | -22.87 million BoP, current US$ | -22.87 million BoP, current US$ | -22.87 million BoP, current US$ | 1 |
Countries ranked near Eritrea
- 104 Kiribati -10.92 million BoP, current US$ compare
- 105 Tonga -13.57 million BoP, current US$ compare
- 106 Antigua and Barbuda -19.23 million BoP, current US$ compare
- 108 Sierra Leone -25.03 million BoP, current US$ compare
- 109 Belize -31.22 million BoP, current US$ compare
- 110 Aruba -31.77 million BoP, current US$ compare
More economy & growth data for Eritrea
- Real gdp growth, annual growth rate -70.56 % change on previous year (2019)
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 2.25 Percent per annum (2019)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 3.84 Percent per annum (2019)
- SDRs holdings, US dollar, annual growth rate 2.65 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0027 units per US$ of GDP (2011)
- SDRs holdings, US dollar, per capita 6.53 units per person (2025)
- SDRs holdings, SDR, annual growth rate -2.25 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0017 units per US$ of GDP (2011)
- SDRs holdings, SDR, per capita 4.77 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate 5.01 % change on previous year (2025)
Frequently asked questions
- What is net errors and omissions in Eritrea?
- Net errors and omissions in Eritrea was -22.87 million BoP, current US$ in 2000, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest net errors and omissions recorded in Eritrea?
- The highest recorded value was 31.67 million BoP, current US$ in 1993.
- What is the lowest net errors and omissions recorded in Eritrea?
- The lowest recorded value was -139.37 million BoP, current US$ in 1997.
- How does Eritrea rank for net errors and omissions?
- Eritrea ranks 107th out of 199 countries with data for 2000.
- Is net errors and omissions rising or falling in Eritrea?
- Over the last ten years it is up 54.6%. The long-run trend across the full record is volatile.
- Where does this Eritrea 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.