Net errors and omissions in Nigeria
Nigeria: Net errors and omissions was -15.73 billion BoP, current US$ in 2025. ◆ Volatile
Net errors and omissions in Nigeria, 1977–2025
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in BoP, current US$.
Analysis
The most recent figure for net errors and omissions in Nigeria is -15.73 billion BoP, current US$, measured in 2025.
Compared with earlier readings it is down 67.7% on the previous year and down 175.7% over ten years.
Over the whole period, net errors and omissions in Nigeria peaked at 20.77 billion BoP, current US$ in 2015 and was at its lowest, -26.73 billion BoP, current US$, in 2013.
Nigeria ranks 195th of 199 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Net errors and omissions in Nigeria, year by year
| Year | BoP, current US$ | Change |
|---|---|---|
| 1977 | -40.33 million BoP, current US$ | — |
| 1978 | 240.84 million BoP, current US$ | -697.2% |
| 1979 | 180.46 million BoP, current US$ | -25.1% |
| 1980 | -724.24 million BoP, current US$ | -501.3% |
| 1981 | -42.09 million BoP, current US$ | -94.2% |
| 1982 | 13.36 million BoP, current US$ | -131.7% |
| 1983 | 139.42 million BoP, current US$ | +943.3% |
| 1984 | 253.09 million BoP, current US$ | +81.5% |
| 1985 | -129.79 million BoP, current US$ | -151.3% |
| 1986 | -180.68 million BoP, current US$ | +39.2% |
| 1987 | -305.77 million BoP, current US$ | +69.2% |
| 1988 | 682.48 million BoP, current US$ | -323.2% |
| 1989 | 127.04 million BoP, current US$ | -81.4% |
| 1990 | 234.33 million BoP, current US$ | +84.5% |
| 1991 | -91.40 million BoP, current US$ | -139.0% |
| 1992 | -121.90 million BoP, current US$ | +33.4% |
| 1993 | -87.86 million BoP, current US$ | -27.9% |
| 1994 | -139.03 million BoP, current US$ | +58.2% |
| 1995 | -32.21 million BoP, current US$ | -76.8% |
| 1996 | -18.89 million BoP, current US$ | -41.3% |
| 1997 | -34.04 million BoP, current US$ | +80.1% |
| 1998 | -42.46 million BoP, current US$ | +24.7% |
| 1999 | -53.88 million BoP, current US$ | +26.9% |
| 2000 | 1.85 billion BoP, current US$ | -3531.4% |
| 2001 | 779.10 million BoP, current US$ | -57.9% |
| 2002 | 837.44 million BoP, current US$ | +7.5% |
| 2003 | 5.63 billion BoP, current US$ | +572.7% |
| 2004 | 4.71 billion BoP, current US$ | -16.4% |
| 2005 | -17.34 billion BoP, current US$ | -468.2% |
| 2006 | -17.15 billion BoP, current US$ | -1.1% |
| 2007 | -14.40 billion BoP, current US$ | -16.0% |
| 2008 | -20.78 billion BoP, current US$ | +44.3% |
| 2009 | -26.38 billion BoP, current US$ | +27.0% |
| 2010 | -15.14 billion BoP, current US$ | -42.6% |
| 2011 | -5.26 billion BoP, current US$ | -65.2% |
| 2012 | -5.00 billion BoP, current US$ | -5.1% |
| 2013 | -26.73 billion BoP, current US$ | +434.9% |
| 2014 | -13.19 billion BoP, current US$ | -50.7% |
| 2015 | 20.77 billion BoP, current US$ | -257.5% |
| 2016 | -15.36 billion BoP, current US$ | -173.9% |
| 2017 | -18.82 billion BoP, current US$ | +22.6% |
| 2018 | -7.18 billion BoP, current US$ | -61.8% |
| 2019 | -7.75 billion BoP, current US$ | +7.9% |
| 2020 | 16.96 billion BoP, current US$ | -318.9% |
| 2021 | -3.10 billion BoP, current US$ | -118.3% |
| 2022 | -7.51 billion BoP, current US$ | +142.7% |
| 2023 | -24.90 billion BoP, current US$ | +231.4% |
| 2024 | -9.38 billion BoP, current US$ | -62.3% |
| 2025 | -15.73 billion BoP, current US$ | +67.7% |
Nigeria compared with similar countries
- Nigeria's -15.73 billion BoP, current US$ is below the median for lower middle income countries, which is 3.83 million BoP, current US$. (47 countries reporting)
- Nigeria's -15.73 billion BoP, current US$ is below the median for Sub-Saharan Africa, which is -8.15 million BoP, current US$, 1930.5× the median. (47 countries reporting)
Biggest year-on-year movements
Years where Net errors and omissions in Nigeria changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2000 | +3531.4% | -53.88 million BoP, current US$ | 1.85 billion BoP, current US$ |
| 1983 | +943.3% | 13.36 million BoP, current US$ | 139.42 million BoP, current US$ |
| 1978 | +697.2% | -40.33 million BoP, current US$ | 240.84 million BoP, current US$ |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 126.99 million BoP, current US$ | -40.33 million BoP, current US$ | 240.84 million BoP, current US$ | 3 |
| 1980s | -16.72 million BoP, current US$ | -724.24 million BoP, current US$ | 682.48 million BoP, current US$ | 10 |
| 1990s | -38.73 million BoP, current US$ | -139.03 million BoP, current US$ | 234.33 million BoP, current US$ | 10 |
| 2000s | -8.22 billion BoP, current US$ | -26.38 billion BoP, current US$ | 5.63 billion BoP, current US$ | 10 |
| 2010s | -9.37 billion BoP, current US$ | -26.73 billion BoP, current US$ | 20.77 billion BoP, current US$ | 10 |
| 2020s | -7.28 billion BoP, current US$ | -24.90 billion BoP, current US$ | 16.96 billion BoP, current US$ | 6 |
Countries ranked near Nigeria
- 192 Japan -13.57 billion BoP, current US$ compare
- 193 Saudi Arabia -14.58 billion BoP, current US$ compare
- 194 Denmark -15.21 billion BoP, current US$ compare
- 196 France -24.81 billion BoP, current US$ compare
- 197 Vietnam -31.31 billion BoP, current US$ compare
- 198 Sweden -50.28 billion BoP, current US$ compare
More economy & growth data for Nigeria
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 1.04 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 3.32 Percent per annum (2029)
- Foreign direct investment, net outflows (BoP, current US$), gaps 1.19 billion BoP, current US$ (2025)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0041 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net outflows (BoP, current US$), per capita 5 BoP, current US$ per person (2025)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 4.01 billion BoP, current US$ (2025)
- Foreign direct investment, net inflows (BoP, current US$), annual 148.16 % change on previous year (2025)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0138 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net inflows (BoP, current US$), per capita 16.86 BoP, current US$ per person (2025)
- Total reserves (includes gold, current US$), annual growth rate 13.91 % change on previous year (2025)
Frequently asked questions
- What is net errors and omissions in Nigeria?
- Net errors and omissions in Nigeria was -15.73 billion BoP, current US$ in 2025, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest net errors and omissions recorded in Nigeria?
- The highest recorded value was 20.77 billion BoP, current US$ in 2015.
- What is the lowest net errors and omissions recorded in Nigeria?
- The lowest recorded value was -26.73 billion BoP, current US$ in 2013.
- How does Nigeria rank for net errors and omissions?
- Nigeria ranks 195th out of 199 countries with data for 2025.
- Is net errors and omissions rising or falling in Nigeria?
- Over the last ten years it is down 175.7%. The long-run trend across the full record is volatile.
- Where does this Nigeria 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.