Net errors and omissions in Seychelles
Seychelles: Net errors and omissions was -19.83 million BoP, current US$ in 2024. ◆ Volatile
Net errors and omissions in Seychelles, 1976–2024
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in BoP, current US$.
Analysis
Seychelles recorded -19.83 million BoP, current US$ for net errors and omissions in 2024.
Compared with earlier readings it is down 269.7% on the previous year and down 125.0% over ten years.
Over the whole period, net errors and omissions in Seychelles peaked at 133.45 million BoP, current US$ in 2009 and was at its lowest, -101.84 million BoP, current US$, in 2012.
That places Seychelles 104th out of 199 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Net errors and omissions in Seychelles, year by year
| Year | BoP, current US$ | Change |
|---|---|---|
| 1976 | 1.75 million BoP, current US$ | — |
| 1978 | -5.26 million BoP, current US$ | -400.4% |
| 1979 | -640,744 BoP, current US$ | -87.8% |
| 1980 | 5.23 million BoP, current US$ | -916.6% |
| 1981 | -471,930 BoP, current US$ | -109.0% |
| 1982 | 6.42 million BoP, current US$ | -1460.5% |
| 1983 | 7.70 million BoP, current US$ | +19.9% |
| 1984 | -4.25 million BoP, current US$ | -155.2% |
| 1985 | 2.69 million BoP, current US$ | -163.4% |
| 1986 | -1.68 million BoP, current US$ | -162.2% |
| 1987 | 6.20 million BoP, current US$ | -470.0% |
| 1988 | 2.80 million BoP, current US$ | -54.9% |
| 1989 | -5.55 million BoP, current US$ | -298.4% |
| 1990 | -5.71 million BoP, current US$ | +3.0% |
| 1991 | -20.77 million BoP, current US$ | +263.6% |
| 1992 | 5.57 million BoP, current US$ | -126.8% |
| 1993 | -30.42 million BoP, current US$ | -646.1% |
| 1994 | -55.42 million BoP, current US$ | +82.2% |
| 1995 | -28.72 million BoP, current US$ | -48.2% |
| 1996 | 7.04 million BoP, current US$ | -124.5% |
| 1997 | 11.65 million BoP, current US$ | +65.5% |
| 1998 | -3.28 million BoP, current US$ | -128.1% |
| 1999 | -2.13 million BoP, current US$ | -34.9% |
| 2000 | 3.46 million BoP, current US$ | -262.0% |
| 2001 | 1.13 million BoP, current US$ | -67.4% |
| 2002 | -10.09 million BoP, current US$ | -995.8% |
| 2003 | -4.67 million BoP, current US$ | -53.7% |
| 2004 | 677,751 BoP, current US$ | -114.5% |
| 2005 | -281,048 BoP, current US$ | -141.5% |
| 2006 | 1.60 million BoP, current US$ | -670.3% |
| 2007 | 29.34 million BoP, current US$ | +1730.2% |
| 2008 | 78.99 million BoP, current US$ | +169.2% |
| 2009 | 133.45 million BoP, current US$ | +69.0% |
| 2010 | 74.81 million BoP, current US$ | -43.9% |
| 2011 | 90.17 million BoP, current US$ | +20.5% |
| 2012 | -101.84 million BoP, current US$ | -212.9% |
| 2013 | 48.04 million BoP, current US$ | -147.2% |
| 2014 | 79.32 million BoP, current US$ | +65.1% |
| 2015 | 3.57 million BoP, current US$ | -95.5% |
| 2016 | 7.96 million BoP, current US$ | +123.1% |
| 2017 | -3.45 million BoP, current US$ | -143.3% |
| 2018 | 21.76 million BoP, current US$ | -731.2% |
| 2019 | -470,534 BoP, current US$ | -102.2% |
| 2020 | 1.51 million BoP, current US$ | -421.3% |
| 2021 | 15.66 million BoP, current US$ | +935.4% |
| 2022 | -14.43 million BoP, current US$ | -192.2% |
| 2023 | 11.69 million BoP, current US$ | -181.0% |
| 2024 | -19.83 million BoP, current US$ | -269.7% |
Seychelles compared with similar countries
- Seychelles's -19.83 million BoP, current US$ is above the median for high income countries, which is -132.48 million BoP, current US$, 15% of the median. (71 countries reporting)
- Seychelles's -19.83 million BoP, current US$ is below the median for Sub-Saharan Africa, which is -8.15 million BoP, current US$, 2.4× the median. (47 countries reporting)
Biggest year-on-year movements
Years where Net errors and omissions in Seychelles changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2007 | +1730.2% | 1.60 million BoP, current US$ | 29.34 million BoP, current US$ |
| 1982 | +1460.5% | -471,930 BoP, current US$ | 6.42 million BoP, current US$ |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | -1.38 million BoP, current US$ | -5.26 million BoP, current US$ | 1.75 million BoP, current US$ | 3 |
| 1980s | 1.91 million BoP, current US$ | -5.55 million BoP, current US$ | 7.70 million BoP, current US$ | 10 |
| 1990s | -12.22 million BoP, current US$ | -55.42 million BoP, current US$ | 11.65 million BoP, current US$ | 10 |
| 2000s | 23.36 million BoP, current US$ | -10.09 million BoP, current US$ | 133.45 million BoP, current US$ | 10 |
| 2010s | 21.99 million BoP, current US$ | -101.84 million BoP, current US$ | 90.17 million BoP, current US$ | 10 |
| 2020s | -1.08 million BoP, current US$ | -19.83 million BoP, current US$ | 15.66 million BoP, current US$ | 5 |
Countries ranked near Seychelles
- 101 Micronesia (country) -5.84 million BoP, current US$ compare
- 102 Burkina Faso -8.15 million BoP, current US$ compare
- 103 Antigua and Barbuda -19.23 million BoP, current US$ compare
- 105 Tonga -22.70 million BoP, current US$ compare
- 106 Eritrea -22.87 million BoP, current US$ compare
- 107 Sierra Leone -25.03 million BoP, current US$ compare
More economy & growth data for Seychelles
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 3.15 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 3.59 Percent per annum (2029)
- Foreign direct investment, net outflows (BoP, current US$), gaps -41.42 million BoP, current US$ (2024)
- Foreign direct investment, net outflows (BoP, current US$), per unit -0.0186 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net outflows (BoP, current US$), per capita -341.28 BoP, current US$ per person (2024)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 226.13 million BoP, current US$ (2024)
- Foreign direct investment, net inflows (BoP, current US$), annual -5.66 % change on previous year (2024)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.1015 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net inflows (BoP, current US$), per capita 1,863 BoP, current US$ per person (2024)
- Total reserves (includes gold, current US$), annual growth rate 13.31 % change on previous year (2024)
Frequently asked questions
- What is net errors and omissions in Seychelles?
- Net errors and omissions in Seychelles was -19.83 million BoP, current US$ 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 Seychelles?
- The highest recorded value was 133.45 million BoP, current US$ in 2009.
- What is the lowest net errors and omissions recorded in Seychelles?
- The lowest recorded value was -101.84 million BoP, current US$ in 2012.
- How does Seychelles rank for net errors and omissions?
- Seychelles ranks 104th out of 199 countries with data for 2024.
- Is net errors and omissions rising or falling in Seychelles?
- Over the last ten years it is down 125.0%. The long-run trend across the full record is volatile.
- Where does this Seychelles 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.