Net errors and omissions in Guinea
Guinea: Net errors and omissions was -780,000 BoP, current US$ in 2024. ◆ Volatile
Net errors and omissions in Guinea, 1986–2024
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in BoP, current US$.
Analysis
The most recent figure for net errors and omissions in Guinea is -780,000 BoP, current US$, measured in 2024.
Compared with earlier readings it is down 59.2% on the previous year and down 100.1% over ten years.
Over the whole period, net errors and omissions in Guinea peaked at 1.69 billion BoP, current US$ in 2013 and was at its lowest, -170.25 million BoP, current US$, in 2003.
That places Guinea 95th out of 199 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Net errors and omissions in Guinea, year by year
| Year | BoP, current US$ | Change |
|---|---|---|
| 1986 | 22.68 million BoP, current US$ | — |
| 1987 | -9.07 million BoP, current US$ | -140.0% |
| 1988 | 65.46 million BoP, current US$ | -821.7% |
| 1989 | -44.86 million BoP, current US$ | -168.5% |
| 1990 | 52.42 million BoP, current US$ | -216.9% |
| 1991 | 113.45 million BoP, current US$ | +116.4% |
| 1992 | 19.85 million BoP, current US$ | -82.5% |
| 1993 | -107.19 million BoP, current US$ | -640.0% |
| 1994 | 40.25 million BoP, current US$ | -137.6% |
| 1995 | 34.90 million BoP, current US$ | -13.3% |
| 1996 | 69.68 million BoP, current US$ | +99.6% |
| 1997 | 48.76 million BoP, current US$ | -30.0% |
| 1998 | 18.12 million BoP, current US$ | -62.8% |
| 1999 | 21.59 million BoP, current US$ | +19.2% |
| 2000 | 61.81 million BoP, current US$ | +186.3% |
| 2001 | 28.36 million BoP, current US$ | -54.1% |
| 2002 | 159.61 million BoP, current US$ | +462.7% |
| 2003 | -170.25 million BoP, current US$ | -206.7% |
| 2004 | 49.77 million BoP, current US$ | -129.2% |
| 2005 | 71.67 million BoP, current US$ | +44.0% |
| 2006 | 22.95 million BoP, current US$ | -68.0% |
| 2007 | 113.82 million BoP, current US$ | +395.9% |
| 2008 | 12.73 million BoP, current US$ | -88.8% |
| 2009 | 33.15 million BoP, current US$ | +160.4% |
| 2010 | 59.52 million BoP, current US$ | +79.5% |
| 2011 | -27.96 million BoP, current US$ | -147.0% |
| 2012 | 227.94 million BoP, current US$ | -915.2% |
| 2013 | 1.69 billion BoP, current US$ | +639.9% |
| 2014 | 1.12 billion BoP, current US$ | -33.5% |
| 2015 | 1.17 million BoP, current US$ | -99.9% |
| 2016 | 4.23 million BoP, current US$ | +262.7% |
| 2017 | 1.53 million BoP, current US$ | -63.8% |
| 2018 | 3.59 million BoP, current US$ | +134.6% |
| 2019 | 1.28 million BoP, current US$ | -64.3% |
| 2020 | -30,000 BoP, current US$ | -102.3% |
| 2021 | 1.01 million BoP, current US$ | -3466.7% |
| 2022 | 62,000 BoP, current US$ | -93.9% |
| 2023 | -490,010 BoP, current US$ | -890.3% |
| 2024 | -780,000 BoP, current US$ | +59.2% |
Guinea compared with similar countries
- Guinea's -780,000 BoP, current US$ is below the median for lower middle income countries, which is 3.83 million BoP, current US$. (47 countries reporting)
- Guinea's -780,000 BoP, current US$ is above the median for Sub-Saharan Africa, which is -8.15 million BoP, current US$, 10% of the median. (47 countries reporting)
Biggest year-on-year movements
Years where Net errors and omissions in Guinea changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2021 | +3466.7% | -30,000 BoP, current US$ | 1.01 million BoP, current US$ |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 8.55 million BoP, current US$ | -44.86 million BoP, current US$ | 65.46 million BoP, current US$ | 4 |
| 1990s | 31.18 million BoP, current US$ | -107.19 million BoP, current US$ | 113.45 million BoP, current US$ | 10 |
| 2000s | 38.36 million BoP, current US$ | -170.25 million BoP, current US$ | 159.61 million BoP, current US$ | 10 |
| 2010s | 307.93 million BoP, current US$ | -27.96 million BoP, current US$ | 1.69 billion BoP, current US$ | 10 |
| 2020s | -45,602 BoP, current US$ | -780,000 BoP, current US$ | 1.01 million BoP, current US$ | 5 |
Countries ranked near Guinea
- 92 Togo 3.69 million BoP, current US$ compare
- 93 Saint Vincent and the Grenadines 2.76 million BoP, current US$ compare
- 94 Nauru 2.06 million BoP, current US$ compare
- 96 Comoros -2.34 million BoP, current US$ compare
- 97 Tuvalu -2.81 million BoP, current US$ compare
- 98 Central African Republic -4.68 million BoP, current US$ compare
More economy & growth data for Guinea
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 3.36 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 5.64 Percent per annum (2029)
- Foreign direct investment, net outflows (BoP, current US$), gaps 30,000 BoP, current US$ (2024)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net outflows (BoP, current US$), per capita 0.002 BoP, current US$ per person (2024)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 1.40 billion BoP, current US$ (2024)
- Foreign direct investment, net inflows (BoP, current US$), annual 6.61 % change on previous year (2024)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0561 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net inflows (BoP, current US$), per capita 95.01 BoP, current US$ per person (2024)
- Total reserves (includes gold, current US$), annual growth rate -28.7 % change on previous year (2024)
Frequently asked questions
- What is net errors and omissions in Guinea?
- Net errors and omissions in Guinea was -780,000 BoP, current US$ 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?
- The highest recorded value was 1.69 billion BoP, current US$ in 2013.
- What is the lowest net errors and omissions recorded in Guinea?
- The lowest recorded value was -170.25 million BoP, current US$ in 2003.
- How does Guinea rank for net errors and omissions?
- Guinea ranks 95th out of 199 countries with data for 2024.
- Is net errors and omissions rising or falling in Guinea?
- Over the last ten years it is down 100.1%. The long-run trend across the full record is volatile.
- Where does this 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.
Download this data
CSV · JSON — 39 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
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.