Net errors and omissions in Ethiopia
Ethiopia: Net errors and omissions was -48.85 million BoP, current US$ in 2024. ◆ Volatile
Latest (2024)
-48.85 million BoP, current US$
Change on year
up 75.1%
World rank
116th
of 199 countries
All-time high
2.00 billion BoP, current US$
in 2012
All-time low
-3.99 billion BoP, current US$
in 2018
Years of data
48
1977–2024
Net errors and omissions in Ethiopia, 1977–2024
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in BoP, current US$.
Analysis
The most recent figure for net errors and omissions in Ethiopia is -48.85 million BoP, current US$, measured in 2024.
The figure is up 75.1% on the previous year and up 98.0% over ten years.
Over the whole period, net errors and omissions in Ethiopia peaked at 2.00 billion BoP, current US$ in 2012 and was at its lowest, -3.99 billion BoP, current US$, in 2018.
Ethiopia ranks 116th of 199 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Net errors and omissions in Ethiopia, year by year
| Year | BoP, current US$ | Change |
|---|---|---|
| 1977 | 1.84 million BoP, current US$ | — |
| 1978 | 28.26 million BoP, current US$ | +1439.5% |
| 1979 | 20.24 million BoP, current US$ | -28.4% |
| 1980 | -39.37 million BoP, current US$ | -294.5% |
| 1981 | 74.06 million BoP, current US$ | -288.1% |
| 1982 | 33.28 million BoP, current US$ | -55.1% |
| 1983 | -46.33 million BoP, current US$ | -239.2% |
| 1984 | -149.52 million BoP, current US$ | +222.7% |
| 1985 | -186.67 million BoP, current US$ | +24.8% |
| 1986 | 201.45 million BoP, current US$ | -207.9% |
| 1987 | -183.24 million BoP, current US$ | -191.0% |
| 1988 | -94.44 million BoP, current US$ | -48.5% |
| 1989 | -34.78 million BoP, current US$ | -63.2% |
| 1990 | -136.96 million BoP, current US$ | +293.8% |
| 1991 | -254.94 million BoP, current US$ | +86.1% |
| 1992 | -80.86 million BoP, current US$ | -68.3% |
| 1993 | -15.24 million BoP, current US$ | -81.2% |
| 1994 | 68.03 million BoP, current US$ | -546.4% |
| 1995 | -121.69 million BoP, current US$ | -278.9% |
| 1996 | -45.33 million BoP, current US$ | -62.7% |
| 1997 | -627.98 million BoP, current US$ | +1285.3% |
| 1998 | -7.76 million BoP, current US$ | -98.8% |
| 1999 | 406.03 million BoP, current US$ | -5333.6% |
| 2000 | -234.94 million BoP, current US$ | -157.9% |
| 2001 | -197.43 million BoP, current US$ | -16.0% |
| 2002 | -889.57 million BoP, current US$ | +350.6% |
| 2003 | -392.11 million BoP, current US$ | -55.9% |
| 2004 | -324.16 million BoP, current US$ | -17.3% |
| 2005 | 478.39 million BoP, current US$ | -247.6% |
| 2006 | 998.22 million BoP, current US$ | +108.7% |
| 2007 | -157.71 million BoP, current US$ | -115.8% |
| 2008 | 1.45 billion BoP, current US$ | -1019.4% |
| 2009 | -501.45 million BoP, current US$ | -134.6% |
| 2010 | -2.77 billion BoP, current US$ | +452.7% |
| 2011 | -1.32 billion BoP, current US$ | -52.4% |
| 2012 | 2.00 billion BoP, current US$ | -251.9% |
| 2013 | -302.31 million BoP, current US$ | -115.1% |
| 2014 | -2.47 billion BoP, current US$ | +718.6% |
| 2015 | -29.96 million BoP, current US$ | -98.8% |
| 2016 | 1.24 billion BoP, current US$ | -4232.0% |
| 2017 | -1.88 billion BoP, current US$ | -252.0% |
| 2018 | -3.99 billion BoP, current US$ | +112.2% |
| 2019 | 480.68 million BoP, current US$ | -112.0% |
| 2020 | -2.96 billion BoP, current US$ | -715.5% |
| 2021 | -175.34 million BoP, current US$ | -94.1% |
| 2022 | 1.68 billion BoP, current US$ | -1060.4% |
| 2023 | -196.29 million BoP, current US$ | -111.7% |
| 2024 | -48.85 million BoP, current US$ | -75.1% |
Ethiopia compared with similar countries
- Ethiopia's -48.85 million BoP, current US$ is below the median for low income countries, which is -4.68 million BoP, current US$, 10.4× the median. (23 countries reporting)
- Ethiopia's -48.85 million BoP, current US$ is below the median for Sub-Saharan Africa, which is -8.15 million BoP, current US$, 6.0× the median. (47 countries reporting)
Biggest year-on-year movements
Years where Net errors and omissions in Ethiopia changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1999 | +5333.6% | -7.76 million BoP, current US$ | 406.03 million BoP, current US$ |
| 2016 | +4232.0% | -29.96 million BoP, current US$ | 1.24 billion BoP, current US$ |
| 1978 | +1439.5% | 1.84 million BoP, current US$ | 28.26 million BoP, current US$ |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 16.78 million BoP, current US$ | 1.84 million BoP, current US$ | 28.26 million BoP, current US$ | 3 |
| 1980s | -42.56 million BoP, current US$ | -186.67 million BoP, current US$ | 201.45 million BoP, current US$ | 10 |
| 1990s | -81.67 million BoP, current US$ | -627.98 million BoP, current US$ | 406.03 million BoP, current US$ | 10 |
| 2000s | 22.92 million BoP, current US$ | -889.57 million BoP, current US$ | 1.45 billion BoP, current US$ | 10 |
| 2010s | -904.98 million BoP, current US$ | -3.99 billion BoP, current US$ | 2.00 billion BoP, current US$ | 10 |
| 2020s | -339.00 million BoP, current US$ | -2.96 billion BoP, current US$ | 1.68 billion BoP, current US$ | 5 |
Countries ranked near Ethiopia
- 113 Palau -38.17 million BoP, current US$ compare
- 114 Cape Verde -38.88 million BoP, current US$ compare
- 115 Saint Lucia -41.36 million BoP, current US$ compare
- 117 Sao Tome and Principe -49.27 million BoP, current US$ compare
- 118 Marshall Islands -49.93 million BoP, current US$ compare
- 119 San Marino -53.75 million BoP, current US$ compare
More economy & growth data for Ethiopia
- Foreign direct investment, net outflows (BoP, current US$), gaps 0 BoP, current US$ (1989)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0 BoP, current US$ per US$ of GDP (1989)
- Foreign direct investment, net outflows (BoP, current US$), per capita 0 BoP, current US$ per person (1989)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 4.02 billion BoP, current US$ (2024)
- Foreign direct investment, net inflows (BoP, current US$), annual 23.25 % change on previous year (2024)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0269 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net inflows (BoP, current US$), per capita 30.45 BoP, current US$ per person (2024)
- Total reserves (includes gold, current US$), annual growth rate 86.59 % change on previous year (2024)
- Total reserves (includes gold, current US$), per unit of GDP 0.0253 includes gold, current US$ per US$ of GDP (2024)
- Total reserves (includes gold, current US$), per capita 28.66 includes gold, current US$ per person (2024)
Frequently asked questions
- What is net errors and omissions in Ethiopia?
- Net errors and omissions in Ethiopia was -48.85 million BoP, current US$ in 2024, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest net errors and omissions recorded in Ethiopia?
- The highest recorded value was 2.00 billion BoP, current US$ in 2012.
- What is the lowest net errors and omissions recorded in Ethiopia?
- The lowest recorded value was -3.99 billion BoP, current US$ in 2018.
- How does Ethiopia rank for net errors and omissions?
- Ethiopia ranks 116th out of 199 countries with data for 2024.
- Is net errors and omissions rising or falling in Ethiopia?
- Over the last ten years it is up 98.0%. The long-run trend across the full record is volatile.
- Where does this Ethiopia 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
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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.