Net errors and omissions in Madagascar
Madagascar: Net errors and omissions was -240.77 million BoP, current US$ in 2024. ◆ Volatile
Latest (2024)
-240.77 million BoP, current US$
Change on year
up 62.8%
World rank
140th
of 199 countries
All-time high
133.67 million BoP, current US$
in 2013
All-time low
-646.42 million BoP, current US$
in 2023
Years of data
51
1974–2024
Net errors and omissions in Madagascar, 1974–2024
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in BoP, current US$.
Analysis
Madagascar recorded -240.77 million BoP, current US$ for net errors and omissions in 2024.
The figure is up 62.8% on the previous year and down 147.4% over ten years.
Over the whole period, net errors and omissions in Madagascar peaked at 133.67 million BoP, current US$ in 2013 and was at its lowest, -646.42 million BoP, current US$, in 2023.
That places Madagascar 140th out of 199 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Net errors and omissions in Madagascar, year by year
| Year | BoP, current US$ | Change |
|---|---|---|
| 1974 | -3.41 million BoP, current US$ | — |
| 1975 | -4.76 million BoP, current US$ | +39.7% |
| 1976 | 10.96 million BoP, current US$ | -330.4% |
| 1977 | -7.04 million BoP, current US$ | -164.2% |
| 1978 | 54.91 million BoP, current US$ | -879.7% |
| 1979 | 59.56 million BoP, current US$ | +8.5% |
| 1980 | -54.48 million BoP, current US$ | -191.5% |
| 1981 | 6.99 million BoP, current US$ | -112.8% |
| 1982 | 85.52 million BoP, current US$ | +1123.1% |
| 1983 | 1.01 million BoP, current US$ | -98.8% |
| 1984 | 9.10 million BoP, current US$ | +803.0% |
| 1985 | 8.77 million BoP, current US$ | -3.7% |
| 1986 | -251,353 BoP, current US$ | -102.9% |
| 1987 | -16.46 million BoP, current US$ | +6448.8% |
| 1988 | 47.72 million BoP, current US$ | -389.9% |
| 1989 | -44.32 million BoP, current US$ | -192.9% |
| 1990 | 408,260 BoP, current US$ | -100.9% |
| 1991 | -47.87 million BoP, current US$ | -11825.5% |
| 1992 | -27.74 million BoP, current US$ | -42.1% |
| 1993 | 5.31 million BoP, current US$ | -119.2% |
| 1994 | 63.28 million BoP, current US$ | +1090.7% |
| 1995 | 103.17 million BoP, current US$ | +63.0% |
| 1996 | 63.65 million BoP, current US$ | -38.3% |
| 1997 | 24.28 million BoP, current US$ | -61.8% |
| 1998 | -24.48 million BoP, current US$ | -200.8% |
| 1999 | 24.89 million BoP, current US$ | -201.6% |
| 2000 | 37.66 million BoP, current US$ | +51.3% |
| 2001 | -57.17 million BoP, current US$ | -251.8% |
| 2002 | 20.38 million BoP, current US$ | -135.7% |
| 2003 | 66.93 million BoP, current US$ | +228.4% |
| 2004 | -35.15 million BoP, current US$ | -152.5% |
| 2005 | 121.15 million BoP, current US$ | -444.6% |
| 2006 | 73.21 million BoP, current US$ | -39.6% |
| 2007 | -170.13 million BoP, current US$ | -332.4% |
| 2008 | 33.49 million BoP, current US$ | -119.7% |
| 2009 | -22.15 million BoP, current US$ | -166.1% |
| 2010 | -84.97 million BoP, current US$ | +283.6% |
| 2011 | 36.06 million BoP, current US$ | -142.4% |
| 2012 | 73.81 million BoP, current US$ | +104.7% |
| 2013 | 133.67 million BoP, current US$ | +81.1% |
| 2014 | -97.33 million BoP, current US$ | -172.8% |
| 2015 | 60.45 million BoP, current US$ | -162.1% |
| 2016 | -11.73 million BoP, current US$ | -119.4% |
| 2017 | -36.62 million BoP, current US$ | +212.1% |
| 2018 | -198.59 million BoP, current US$ | +442.3% |
| 2019 | -3.87 million BoP, current US$ | -98.1% |
| 2020 | 11.36 million BoP, current US$ | -393.5% |
| 2021 | -38.51 million BoP, current US$ | -438.9% |
| 2022 | -83.34 million BoP, current US$ | +116.4% |
| 2023 | -646.42 million BoP, current US$ | +675.6% |
| 2024 | -240.77 million BoP, current US$ | -62.8% |
Madagascar compared with similar countries
- Madagascar's -240.77 million BoP, current US$ is below the median for low income countries, which is -4.68 million BoP, current US$, 51.4× the median. (23 countries reporting)
- Madagascar's -240.77 million BoP, current US$ is below the median for Sub-Saharan Africa, which is -8.15 million BoP, current US$, 29.6× the median. (47 countries reporting)
Biggest year-on-year movements
Years where Net errors and omissions in Madagascar changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1991 | -11825.5% | 408,260 BoP, current US$ | -47.87 million BoP, current US$ |
| 1987 | -6448.8% | -251,353 BoP, current US$ | -16.46 million BoP, current US$ |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 18.37 million BoP, current US$ | -7.04 million BoP, current US$ | 59.56 million BoP, current US$ | 6 |
| 1980s | 4.36 million BoP, current US$ | -54.48 million BoP, current US$ | 85.52 million BoP, current US$ | 10 |
| 1990s | 18.49 million BoP, current US$ | -47.87 million BoP, current US$ | 103.17 million BoP, current US$ | 10 |
| 2000s | 6.82 million BoP, current US$ | -170.13 million BoP, current US$ | 121.15 million BoP, current US$ | 10 |
| 2010s | -12.91 million BoP, current US$ | -198.59 million BoP, current US$ | 133.67 million BoP, current US$ | 10 |
| 2020s | -199.54 million BoP, current US$ | -646.42 million BoP, current US$ | 11.36 million BoP, current US$ | 5 |
Countries ranked near Madagascar
- 137 Botswana -211.98 million BoP, current US$ compare
- 138 Laos -227.17 million BoP, current US$ compare
- 139 Tajikistan -239.52 million BoP, current US$ compare
- 141 Sri Lanka -325.42 million BoP, current US$ compare
- 142 Guatemala -332.97 million BoP, current US$ compare
- 143 Gambia -333.27 million BoP, current US$ compare
More economy & growth data for Madagascar
- Foreign direct investment, net outflows (BoP, current US$), gaps 134.39 million BoP, current US$ (2024)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0076 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net outflows (BoP, current US$), per capita 4.2 BoP, current US$ per person (2024)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 606.21 million BoP, current US$ (2024)
- Foreign direct investment, net inflows (BoP, current US$), annual 16.69 % change on previous year (2024)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0345 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net inflows (BoP, current US$), per capita 18.96 BoP, current US$ per person (2024)
- Total reserves (includes gold, current US$), annual growth rate 5.8 % change on previous year (2024)
- Total reserves (includes gold, current US$), per unit of GDP 0.1583 includes gold, current US$ per US$ of GDP (2024)
- Total reserves (includes gold, current US$), per capita 87.11 includes gold, current US$ per person (2024)
Frequently asked questions
- What is net errors and omissions in Madagascar?
- Net errors and omissions in Madagascar was -240.77 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 Madagascar?
- The highest recorded value was 133.67 million BoP, current US$ in 2013.
- What is the lowest net errors and omissions recorded in Madagascar?
- The lowest recorded value was -646.42 million BoP, current US$ in 2023.
- How does Madagascar rank for net errors and omissions?
- Madagascar ranks 140th out of 199 countries with data for 2024.
- Is net errors and omissions rising or falling in Madagascar?
- Over the last ten years it is down 147.4%. The long-run trend across the full record is volatile.
- Where does this Madagascar 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.