Net errors and omissions in Gabon
Gabon: Net errors and omissions was 452.22 million BoP, current US$ in 2015. ◆ Volatile
Net errors and omissions in Gabon, 1978–2015
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in BoP, current US$.
Analysis
The most recent figure for net errors and omissions in Gabon is 452.22 million BoP, current US$, measured in 2015.
Compared with earlier readings it is up 155.2% on the previous year and up 203.0% over ten years.
Over the whole period, net errors and omissions in Gabon peaked at 457.31 million BoP, current US$ in 1998 and was at its lowest, -1.32 billion BoP, current US$, in 2010.
Gabon ranks 50th of 199 countries on this measure, in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Net errors and omissions in Gabon, year by year
| Year | BoP, current US$ | Change |
|---|---|---|
| 1978 | -44.89 million BoP, current US$ | — |
| 1979 | -29.99 million BoP, current US$ | -33.2% |
| 1980 | -21.68 million BoP, current US$ | -27.7% |
| 1981 | -8.50 million BoP, current US$ | -60.8% |
| 1982 | -51.46 million BoP, current US$ | +505.3% |
| 1983 | -96.73 million BoP, current US$ | +88.0% |
| 1984 | -83.14 million BoP, current US$ | -14.0% |
| 1985 | -62.97 million BoP, current US$ | -24.3% |
| 1986 | -47.67 million BoP, current US$ | -24.3% |
| 1987 | -50.68 million BoP, current US$ | +6.3% |
| 1988 | -106.16 million BoP, current US$ | +109.5% |
| 1989 | 35.55 million BoP, current US$ | -133.5% |
| 1990 | -41.17 million BoP, current US$ | -215.8% |
| 1991 | -12.05 million BoP, current US$ | -70.7% |
| 1992 | -60.07 million BoP, current US$ | +398.4% |
| 1993 | -18.01 million BoP, current US$ | -70.0% |
| 1994 | 254.50 million BoP, current US$ | -1513.0% |
| 1995 | -227.16 million BoP, current US$ | -189.3% |
| 1996 | -99.99 million BoP, current US$ | -56.0% |
| 1997 | -91.07 million BoP, current US$ | -8.9% |
| 1998 | 457.31 million BoP, current US$ | -602.2% |
| 1999 | 298.70 million BoP, current US$ | -34.7% |
| 2000 | -145.23 million BoP, current US$ | -148.6% |
| 2001 | -114.99 million BoP, current US$ | -20.8% |
| 2002 | -138.67 million BoP, current US$ | +20.6% |
| 2003 | -274.37 million BoP, current US$ | +97.9% |
| 2004 | -319.81 million BoP, current US$ | +16.6% |
| 2005 | -439.19 million BoP, current US$ | +37.3% |
| 2007 | -1.11 billion BoP, current US$ | +152.4% |
| 2008 | -798.49 million BoP, current US$ | -28.0% |
| 2009 | -227.41 million BoP, current US$ | -71.5% |
| 2010 | -1.32 billion BoP, current US$ | +480.6% |
| 2011 | -980.13 million BoP, current US$ | -25.8% |
| 2012 | -539.84 million BoP, current US$ | -44.9% |
| 2013 | -350.72 million BoP, current US$ | -35.0% |
| 2014 | -819.70 million BoP, current US$ | +133.7% |
| 2015 | 452.22 million BoP, current US$ | -155.2% |
Gabon compared with similar countries
- Gabon's 452.22 million BoP, current US$ is above the median for upper middle income countries, which is 2.76 million BoP, current US$, 163.8× the median. (57 countries reporting)
- Gabon's 452.22 million BoP, current US$ is above the median for Sub-Saharan Africa, which is -8.15 million BoP, current US$. (47 countries reporting)
Biggest year-on-year movements
Years where Net errors and omissions in Gabon changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1994 | +1513.0% | -18.01 million BoP, current US$ | 254.50 million BoP, current US$ |
| 1998 | +602.2% | -91.07 million BoP, current US$ | 457.31 million BoP, current US$ |
| 1982 | -505.3% | -8.50 million BoP, current US$ | -51.46 million BoP, current US$ |
| 2010 | -480.6% | -227.41 million BoP, current US$ | -1.32 billion BoP, current US$ |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | -37.44 million BoP, current US$ | -44.89 million BoP, current US$ | -29.99 million BoP, current US$ | 2 |
| 1980s | -49.34 million BoP, current US$ | -106.16 million BoP, current US$ | 35.55 million BoP, current US$ | 10 |
| 1990s | 46.10 million BoP, current US$ | -227.16 million BoP, current US$ | 457.31 million BoP, current US$ | 10 |
| 2000s | -396.31 million BoP, current US$ | -1.11 billion BoP, current US$ | -114.99 million BoP, current US$ | 9 |
| 2010s | -593.10 million BoP, current US$ | -1.32 billion BoP, current US$ | 452.22 million BoP, current US$ | 6 |
Countries ranked near Gabon
- 47 Palestine 461.79 million BoP, current US$ compare
- 48 Jamaica 459.56 million BoP, current US$ compare
- 49 Tunisia 453.89 million BoP, current US$ compare
- 51 Honduras 403.37 million BoP, current US$ compare
- 52 Romania 388.11 million BoP, current US$ compare
- 53 Nepal 376.05 million BoP, current US$ compare
More economy & growth data for Gabon
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 0.8121 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 2.63 Percent per annum (2029)
- Foreign direct investment, net outflows (BoP, current US$), gaps -33.78 million BoP, current US$ (2019)
- Foreign direct investment, net outflows (BoP, current US$), per unit -0.002 BoP, current US$ per US$ of GDP (2019)
- Foreign direct investment, net outflows (BoP, current US$), per capita -14.9 BoP, current US$ per person (2019)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 1.14 billion BoP, current US$ (2024)
- Foreign direct investment, net inflows (BoP, current US$), annual -0.5362 % change on previous year (2024)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0548 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net inflows (BoP, current US$), per capita 450.8 BoP, current US$ per person (2024)
- Total reserves (includes gold, current US$), annual growth rate -55.87 % change on previous year (2024)
Frequently asked questions
- What is net errors and omissions in Gabon?
- Net errors and omissions in Gabon was 452.22 million BoP, current US$ in 2015, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest net errors and omissions recorded in Gabon?
- The highest recorded value was 457.31 million BoP, current US$ in 1998.
- What is the lowest net errors and omissions recorded in Gabon?
- The lowest recorded value was -1.32 billion BoP, current US$ in 2010.
- How does Gabon rank for net errors and omissions?
- Gabon ranks 50th out of 199 countries with data for 2015.
- Is net errors and omissions rising or falling in Gabon?
- Over the last ten years it is up 203.0%. The long-run trend across the full record is volatile.
- Where does this Gabon 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.