Net errors and omissions in Guinea-Bissau
Guinea-Bissau: Net errors and omissions was 6.61 million BoP, current US$ in 2024. ◆ Volatile
Net errors and omissions in Guinea-Bissau, 1982–2024
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in BoP, current US$.
Analysis
The most recent figure for net errors and omissions in Guinea-Bissau is 6.61 million BoP, current US$, measured in 2024.
Compared with earlier readings it is up 203.2% on the previous year and down 46.8% over ten years.
Over the whole period, net errors and omissions in Guinea-Bissau peaked at 22.01 million BoP, current US$ in 1992 and was at its lowest, -24.33 million BoP, current US$, in 1994.
That places Guinea-Bissau 86th out of 197 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | -7.11 million BoP, current US$ | -13.10 million BoP, current US$ | 3.51 million BoP, current US$ | 8 |
| 1990s | -9.62 million BoP, current US$ | -24.33 million BoP, current US$ | 22.01 million BoP, current US$ | 8 |
| 2000s | -1.61 million BoP, current US$ | -9.27 million BoP, current US$ | 5.33 million BoP, current US$ | 9 |
| 2010s | -5.90 million BoP, current US$ | -21.02 million BoP, current US$ | 12.42 million BoP, current US$ | 10 |
| 2020s | -2.15 million BoP, current US$ | -12.58 million BoP, current US$ | 11.34 million BoP, current US$ | 5 |
Countries ranked near Guinea-Bissau
- 83 Sint Maarten (Dutch part) 11.07 million BoP, current US$ compare
- 84 Cameroon 9.06 million BoP, current US$ compare
- 85 Cote d'Ivoire 6.96 million BoP, current US$ compare
- 88 Saint Kitts and Nevis 4.12 million BoP, current US$ compare
- 89 Benin 3.83 million BoP, current US$ compare
More economy & growth data for Guinea-Bissau
- External balance on goods and services as a percent of GDP -13.1% (2025)
- Inflation of consumer prices 0.9% (2025)
- GDP per capita 813.83 constant 2015 US$ (2025)
- Share of manufacturing in gross domestic product (GDP) 8.6% (2025)
- Gross domestic product (GDP) 1.83 billion constant 2015 US$ (2025)
- GDP per capita in international and market dollars 813.83 constant 2015 US$ (2025)
- DEC alternative conversion factor 581.93 LCU per US$ (2025)
- Net secondary income (Net current transfers from abroad) 94.18 billion current LCU (2025)
- Net secondary income (Net current transfers from abroad) 161.84 million current US$ (2025)
- Taxes less subsidies on products 67.03 billion current LCU (2025)
Frequently asked questions
- What is net errors and omissions in Guinea-Bissau?
- Net errors and omissions in Guinea-Bissau was 6.61 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 Guinea-Bissau?
- The highest recorded value was 22.01 million BoP, current US$ in 1992.
- What is the lowest net errors and omissions recorded in Guinea-Bissau?
- The lowest recorded value was -24.33 million BoP, current US$ in 1994.
- How does Guinea-Bissau rank for net errors and omissions?
- Guinea-Bissau ranks 86th out of 197 countries with data for 2024.
- Is net errors and omissions rising or falling in Guinea-Bissau?
- Over the last ten years it is down 46.8%. The long-run trend across the full record is volatile.
- Where does this Guinea-Bissau 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.