Net errors and omissions in Namibia
Namibia: Net errors and omissions was -80.84 million BoP, current US$ in 2024. ◆ Volatile
Net errors and omissions in Namibia, 1990–2024
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in BoP, current US$.
Analysis
The most recent figure for net errors and omissions in Namibia is -80.84 million BoP, current US$, measured in 2024.
That represents a change of down 551.4% on the previous year and down 332.5% over ten years.
Over the whole period, net errors and omissions in Namibia peaked at 901.04 million BoP, current US$ in 2008 and was at its lowest, -270.86 million BoP, current US$, in 2020.
That places Namibia 124th out of 199 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Net errors and omissions in Namibia, year by year
| Year | BoP, current US$ | Change |
|---|---|---|
| 1990 | 167.82 million BoP, current US$ | — |
| 1991 | 22.24 million BoP, current US$ | -86.8% |
| 1992 | 4.96 million BoP, current US$ | -77.7% |
| 1993 | -14.75 million BoP, current US$ | -397.3% |
| 1994 | 19.88 million BoP, current US$ | -234.8% |
| 1995 | -4.19 million BoP, current US$ | -121.1% |
| 1996 | 22.03 million BoP, current US$ | -625.6% |
| 1997 | 15.28 million BoP, current US$ | -30.6% |
| 1998 | 15.72 million BoP, current US$ | +2.9% |
| 1999 | 29.93 million BoP, current US$ | +90.4% |
| 2000 | 31.58 million BoP, current US$ | +5.5% |
| 2001 | -17.79 million BoP, current US$ | -156.3% |
| 2002 | 21.26 million BoP, current US$ | -219.5% |
| 2003 | -88.78 million BoP, current US$ | -517.6% |
| 2004 | 115.42 million BoP, current US$ | -230.0% |
| 2005 | 128.21 million BoP, current US$ | +11.1% |
| 2006 | 123.33 million BoP, current US$ | -3.8% |
| 2007 | 483.77 million BoP, current US$ | +292.2% |
| 2008 | 901.04 million BoP, current US$ | +86.3% |
| 2009 | 261.84 million BoP, current US$ | -70.9% |
| 2010 | -203.26 million BoP, current US$ | -177.6% |
| 2011 | 83.73 million BoP, current US$ | -141.2% |
| 2012 | -248.70 million BoP, current US$ | -397.0% |
| 2013 | 87.57 million BoP, current US$ | -135.2% |
| 2014 | 34.78 million BoP, current US$ | -60.3% |
| 2015 | 157.18 million BoP, current US$ | +352.0% |
| 2016 | 322.81 million BoP, current US$ | +105.4% |
| 2017 | 94.04 million BoP, current US$ | -70.9% |
| 2018 | 78.40 million BoP, current US$ | -16.6% |
| 2019 | 105.11 million BoP, current US$ | +34.1% |
| 2020 | -270.86 million BoP, current US$ | -357.7% |
| 2021 | -68.78 million BoP, current US$ | -74.6% |
| 2022 | -237.47 million BoP, current US$ | +245.2% |
| 2023 | 17.91 million BoP, current US$ | -107.5% |
| 2024 | -80.84 million BoP, current US$ | -551.4% |
Namibia compared with similar countries
- Namibia's -80.84 million BoP, current US$ is below the median for lower middle income countries, which is 3.83 million BoP, current US$. (47 countries reporting)
- Namibia's -80.84 million BoP, current US$ is below the median for Sub-Saharan Africa, which is -8.15 million BoP, current US$, 9.9× the median. (47 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 27.89 million BoP, current US$ | -14.75 million BoP, current US$ | 167.82 million BoP, current US$ | 10 |
| 2000s | 195.99 million BoP, current US$ | -88.78 million BoP, current US$ | 901.04 million BoP, current US$ | 10 |
| 2010s | 51.16 million BoP, current US$ | -248.70 million BoP, current US$ | 322.81 million BoP, current US$ | 10 |
| 2020s | -128.01 million BoP, current US$ | -270.86 million BoP, current US$ | 17.91 million BoP, current US$ | 5 |
Countries ranked near Namibia
- 121 Mozambique -77.07 million BoP, current US$ compare
- 122 Burundi -80.21 million BoP, current US$ compare
- 123 Moldova -80.78 million BoP, current US$ compare
- 125 South Sudan -92.80 million BoP, current US$ compare
- 126 Samoa -104.12 million BoP, current US$ compare
- 127 Barbados -132.48 million BoP, current US$ compare
More economy & growth data for Namibia
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 1.07 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 2.64 Percent per annum (2029)
- Foreign direct investment, net outflows (BoP, current US$), gaps 44.40 million BoP, current US$ (2024)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0033 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net outflows (BoP, current US$), per capita 14.65 BoP, current US$ per person (2024)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 1.93 billion BoP, current US$ (2024)
- Foreign direct investment, net inflows (BoP, current US$), annual -15.67 % change on previous year (2024)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.1418 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net inflows (BoP, current US$), per capita 638.56 BoP, current US$ per person (2024)
- Total reserves (includes gold, current US$), annual growth rate -7.48 % change on previous year (2025)
Frequently asked questions
- What is net errors and omissions in Namibia?
- Net errors and omissions in Namibia was -80.84 million BoP, current US$ 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 Namibia?
- The highest recorded value was 901.04 million BoP, current US$ in 2008.
- What is the lowest net errors and omissions recorded in Namibia?
- The lowest recorded value was -270.86 million BoP, current US$ in 2020.
- How does Namibia rank for net errors and omissions?
- Namibia ranks 124th out of 199 countries with data for 2024.
- Is net errors and omissions rising or falling in Namibia?
- Over the last ten years it is down 332.5%. The long-run trend across the full record is volatile.
- Where does this Namibia 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.