Net errors and omissions in Malawi
Malawi: Net errors and omissions was 494.44 million BoP, current US$ in 2024. ◆ Volatile
Net errors and omissions in Malawi, 1977–2024
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in BoP, current US$.
Analysis
In 2024, net errors and omissions in Malawi stood at 494.44 million BoP, current US$.
That represents a change of down 3.4% on the previous year and up 831.3% over ten years.
Over the whole period, net errors and omissions in Malawi peaked at 701.98 million BoP, current US$ in 2021 and was at its lowest, -421.36 million BoP, current US$, in 1998.
That places Malawi 44th out of 197 countries with data for 2024, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 42.69 million BoP, current US$ | 35.32 million BoP, current US$ | 50.44 million BoP, current US$ | 3 |
| 1980s | 43.30 million BoP, current US$ | -92.16 million BoP, current US$ | 105.05 million BoP, current US$ | 10 |
| 1990s | -25.14 million BoP, current US$ | -421.36 million BoP, current US$ | 144.20 million BoP, current US$ | 10 |
| 2000s | -10.93 million BoP, current US$ | -228.86 million BoP, current US$ | 172.94 million BoP, current US$ | 10 |
| 2010s | 60.97 million BoP, current US$ | -140.22 million BoP, current US$ | 327.51 million BoP, current US$ | 10 |
| 2020s | 521.80 million BoP, current US$ | 262.68 million BoP, current US$ | 701.98 million BoP, current US$ | 5 |
Countries ranked near Malawi
- 41 Sudan 538.74 million BoP, current US$ compare
- 42 Pakistan 520.00 million BoP, current US$ compare
- 43 East Timor 518.76 million BoP, current US$ compare
- 45 Croatia 464.30 million BoP, current US$ compare
- 46 Costa Rica 463.12 million BoP, current US$ compare
- 47 Palestine 461.79 million BoP, current US$ compare
More economy & growth data for Malawi
- External balance on goods and services as a percent of GDP -18.1% (2025)
- Inflation of consumer prices 28.4% (2025)
- GDP per capita 548.16 constant 2015 US$ (2025)
- Share of manufacturing in gross domestic product (GDP) 11.0% (2024)
- Gross domestic product (GDP) 12.18 billion constant 2015 US$ (2025)
- GDP per capita in international and market dollars 548.16 constant 2015 US$ (2025)
- DEC alternative conversion factor 1,751 LCU per US$ (2025)
- Net secondary income (Net current transfers from abroad) 1.46 trillion current LCU (2025)
- Net secondary income (Net current transfers from abroad) 835.90 million current US$ (2025)
- Taxes less subsidies on products 1.83 trillion current LCU (2025)
Frequently asked questions
- What is net errors and omissions in Malawi?
- Net errors and omissions in Malawi was 494.44 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 Malawi?
- The highest recorded value was 701.98 million BoP, current US$ in 2021.
- What is the lowest net errors and omissions recorded in Malawi?
- The lowest recorded value was -421.36 million BoP, current US$ in 1998.
- How does Malawi rank for net errors and omissions?
- Malawi ranks 44th out of 197 countries with data for 2024.
- Is net errors and omissions rising or falling in Malawi?
- Over the last ten years it is up 831.3%. The long-run trend across the full record is volatile.
- Where does this Malawi 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.