Net errors and omissions in Malawi
Malawi: Net errors and omissions was 494.44 million BoP, current US$ in 2024. ◆ Volatile
Latest (2024)
494.44 million BoP, current US$
Change on year
down 3.4%
World rank
44th
of 199 countries
All-time high
701.98 million BoP, current US$
in 2021
All-time low
-421.36 million BoP, current US$
in 1998
Years of data
48
1977–2024
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$, in 1998.
That places Malawi 44th out of 199 countries with data for 2024, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Net errors and omissions in Malawi, year by year
| Year | BoP, current US$ | Change |
|---|---|---|
| 1977 | 42.31 million BoP, current US$ | — |
| 1978 | 35.32 million BoP, current US$ | -16.5% |
| 1979 | 50.44 million BoP, current US$ | +42.8% |
| 1980 | 85.88 million BoP, current US$ | +70.3% |
| 1981 | 88.27 million BoP, current US$ | +2.8% |
| 1982 | 82.90 million BoP, current US$ | -6.1% |
| 1983 | -512,386 BoP, current US$ | -100.6% |
| 1984 | 143,856 BoP, current US$ | -128.1% |
| 1985 | 105.05 million BoP, current US$ | +72921.6% |
| 1986 | 39.02 million BoP, current US$ | -62.9% |
| 1987 | 46.48 million BoP, current US$ | +19.1% |
| 1988 | 77.96 million BoP, current US$ | +67.7% |
| 1989 | -92.16 million BoP, current US$ | -218.2% |
| 1990 | -14.25 million BoP, current US$ | -84.5% |
| 1991 | 140.23 million BoP, current US$ | -1083.7% |
| 1992 | 144.20 million BoP, current US$ | +2.8% |
| 1993 | 681,388 BoP, current US$ | -99.5% |
| 1994 | 8.83 million BoP, current US$ | +1196.3% |
| 1995 | -77.21 million BoP, current US$ | -974.1% |
| 1996 | -138.07 million BoP, current US$ | +78.8% |
| 1997 | 139.91 million BoP, current US$ | -201.3% |
| 1998 | -421.36 million BoP, current US$ | -401.2% |
| 1999 | -34.36 million BoP, current US$ | -91.8% |
| 2000 | -24.83 million BoP, current US$ | -27.7% |
| 2001 | -228.86 million BoP, current US$ | +821.6% |
| 2002 | 172.94 million BoP, current US$ | -175.6% |
| 2003 | 18.71 million BoP, current US$ | -89.2% |
| 2004 | 95.38 million BoP, current US$ | +409.6% |
| 2005 | 33.83 million BoP, current US$ | -64.5% |
| 2006 | 11.40 million BoP, current US$ | -66.3% |
| 2007 | 65.30 million BoP, current US$ | +472.6% |
| 2008 | -165.09 million BoP, current US$ | -352.8% |
| 2009 | -88.12 million BoP, current US$ | -46.6% |
| 2010 | 252.94 million BoP, current US$ | -387.0% |
| 2011 | -83.61 million BoP, current US$ | -133.1% |
| 2012 | 247.00 million BoP, current US$ | -395.4% |
| 2013 | -124.28 million BoP, current US$ | -150.3% |
| 2014 | -67.61 million BoP, current US$ | -45.6% |
| 2015 | 144.43 million BoP, current US$ | -313.6% |
| 2016 | -126.78 million BoP, current US$ | -187.8% |
| 2017 | 327.51 million BoP, current US$ | -358.3% |
| 2018 | 180.33 million BoP, current US$ | -44.9% |
| 2019 | -140.22 million BoP, current US$ | -177.8% |
| 2020 | 262.68 million BoP, current US$ | -287.3% |
| 2021 | 701.98 million BoP, current US$ | +167.2% |
| 2022 | 638.12 million BoP, current US$ | -9.1% |
| 2023 | 511.76 million BoP, current US$ | -19.8% |
| 2024 | 494.44 million BoP, current US$ | -3.4% |
Malawi compared with similar countries
- Malawi's 494.44 million BoP, current US$ is above the median for low income countries, which is -4.68 million BoP, current US$. (23 countries reporting)
- Malawi's 494.44 million BoP, current US$ is above the median for Sub-Saharan Africa, which is -8.15 million BoP, current US$. (47 countries reporting)
Biggest year-on-year movements
Years where Net errors and omissions in Malawi changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1985 | +72921.6% | 143,856 BoP, current US$ | 105.05 million BoP, current US$ |
| 1994 | +1196.3% | 681,388 BoP, current US$ | 8.83 million BoP, current US$ |
| 1991 | +1083.7% | -14.25 million BoP, current US$ | 140.23 million BoP, current US$ |
| 1995 | -974.1% | 8.83 million BoP, current US$ | -77.21 million BoP, current US$ |
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
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 2.07 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 4.6 Percent per annum (2029)
- Foreign direct investment, net outflows (BoP, current US$), gaps 56.42 million BoP, current US$ (2024)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.005 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net outflows (BoP, current US$), per capita 2.61 BoP, current US$ per person (2024)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 257.97 million BoP, current US$ (2024)
- Foreign direct investment, net inflows (BoP, current US$), annual 20.57 % change on previous year (2024)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0228 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net inflows (BoP, current US$), per capita 11.91 BoP, current US$ per person (2024)
- Total reserves (includes gold, current US$), annual growth rate -29.8 % change on previous year (2020)
Frequently asked questions
- What is net errors and omissions in Malawi?
- Net errors and omissions in Malawi was 494.44 million BoP, current US$ 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 199 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.
Download this data
CSV · JSON — 48 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.