Net errors and omissions in Tanzania
Tanzania: Net errors and omissions was 15.34 million BoP, current US$ in 2024. ◆ Volatile
Net errors and omissions in Tanzania, 1976–2024
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in BoP, current US$.
Analysis
The most recent figure for net errors and omissions in Tanzania is 15.34 million BoP, current US$, measured in 2024.
Compared with earlier readings it is up 101.8% on the previous year and down 98.6% over ten years.
Over the whole period, net errors and omissions in Tanzania peaked at 1.12 billion BoP, current US$ in 2014 and was at its lowest, -1.91 billion BoP, current US$, in 2019.
Tanzania ranks 78th of 199 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Net errors and omissions in Tanzania, year by year
| Year | BoP, current US$ | Change |
|---|---|---|
| 1976 | -11.07 million BoP, current US$ | — |
| 1977 | 63.81 million BoP, current US$ | -676.5% |
| 1978 | 2.39 million BoP, current US$ | -96.3% |
| 1979 | 23.75 million BoP, current US$ | +894.0% |
| 1980 | -46.64 million BoP, current US$ | -296.4% |
| 1981 | 78.73 million BoP, current US$ | -268.8% |
| 1982 | 58.20 million BoP, current US$ | -26.1% |
| 1983 | -61.72 million BoP, current US$ | -206.1% |
| 1984 | 126.93 million BoP, current US$ | -305.7% |
| 1985 | -39.64 million BoP, current US$ | -131.2% |
| 1986 | -40.08 million BoP, current US$ | +1.1% |
| 1987 | 55.52 million BoP, current US$ | -238.5% |
| 1988 | -61.26 million BoP, current US$ | -210.4% |
| 1989 | -13.47 million BoP, current US$ | -78.0% |
| 1990 | 37.69 million BoP, current US$ | -379.9% |
| 1991 | 1.64 million BoP, current US$ | -95.7% |
| 1992 | 137.66 million BoP, current US$ | +8303.4% |
| 1993 | 137.28 million BoP, current US$ | -0.3% |
| 1994 | 121.40 million BoP, current US$ | -11.6% |
| 1995 | 30.04 million BoP, current US$ | -75.3% |
| 1996 | 158.62 million BoP, current US$ | +428.0% |
| 1997 | -68.61 million BoP, current US$ | -143.3% |
| 1998 | -136.78 million BoP, current US$ | +99.4% |
| 1999 | -214.74 million BoP, current US$ | +57.0% |
| 2000 | -486.93 million BoP, current US$ | +126.8% |
| 2001 | -278.67 million BoP, current US$ | -42.8% |
| 2002 | -585.09 million BoP, current US$ | +110.0% |
| 2003 | -306.26 million BoP, current US$ | -47.7% |
| 2004 | -111.62 million BoP, current US$ | -63.6% |
| 2005 | -839.46 million BoP, current US$ | +652.1% |
| 2006 | 376.55 million BoP, current US$ | -144.9% |
| 2007 | 311.80 million BoP, current US$ | -17.2% |
| 2008 | -389.92 million BoP, current US$ | -225.1% |
| 2009 | -247.79 million BoP, current US$ | -36.5% |
| 2010 | -1.02 billion BoP, current US$ | +310.8% |
| 2011 | 644.92 million BoP, current US$ | -163.4% |
| 2012 | -566.31 million BoP, current US$ | -187.8% |
| 2013 | -237.91 million BoP, current US$ | -58.0% |
| 2014 | 1.12 billion BoP, current US$ | -572.2% |
| 2015 | -372.32 million BoP, current US$ | -133.1% |
| 2016 | -269.93 million BoP, current US$ | -27.5% |
| 2017 | 572.49 million BoP, current US$ | -312.1% |
| 2018 | -571.27 million BoP, current US$ | -199.8% |
| 2019 | -1.91 billion BoP, current US$ | +234.2% |
| 2020 | -557.64 million BoP, current US$ | -70.8% |
| 2021 | -222.63 million BoP, current US$ | -60.1% |
| 2022 | 585.14 million BoP, current US$ | -362.8% |
| 2023 | -831.66 million BoP, current US$ | -242.1% |
| 2024 | 15.34 million BoP, current US$ | -101.8% |
Tanzania compared with similar countries
- Tanzania's 15.34 million BoP, current US$ is above the median for lower middle income countries, which is 3.83 million BoP, current US$, 4.0× the median. (47 countries reporting)
- Tanzania's 15.34 million BoP, current US$ is above the median for Sub-Saharan Africa, which is -8.15 million BoP, current US$. (47 countries reporting)
Biggest year-on-year movements
Years where Net errors and omissions in Tanzania changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1992 | +8303.4% | 1.64 million BoP, current US$ | 137.66 million BoP, current US$ |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 19.72 million BoP, current US$ | -11.07 million BoP, current US$ | 63.81 million BoP, current US$ | 4 |
| 1980s | 5.66 million BoP, current US$ | -61.72 million BoP, current US$ | 126.93 million BoP, current US$ | 10 |
| 1990s | 20.42 million BoP, current US$ | -214.74 million BoP, current US$ | 158.62 million BoP, current US$ | 10 |
| 2000s | -255.74 million BoP, current US$ | -839.46 million BoP, current US$ | 376.55 million BoP, current US$ | 10 |
| 2010s | -260.40 million BoP, current US$ | -1.91 billion BoP, current US$ | 1.12 billion BoP, current US$ | 10 |
| 2020s | -202.29 million BoP, current US$ | -831.66 million BoP, current US$ | 585.14 million BoP, current US$ | 5 |
Countries ranked near Tanzania
- 75 Equatorial Guinea 23.71 million BoP, current US$ compare
- 76 Grenada 19.00 million BoP, current US$ compare
- 77 Mali 18.29 million BoP, current US$ compare
- 79 Vanuatu 14.40 million BoP, current US$ compare
- 80 Niger 14.32 million BoP, current US$ compare
- 81 Montenegro 13.05 million BoP, current US$ compare
More economy & growth data for Tanzania
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 3.67 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 6.5 Percent per annum (2029)
- Foreign direct investment, net outflows (BoP, current US$), gaps 2.26 million BoP, current US$ (2003)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0001 BoP, current US$ per US$ of GDP (2003)
- Foreign direct investment, net outflows (BoP, current US$), per capita 0.0609 BoP, current US$ per person (2003)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 1.72 billion BoP, current US$ (2024)
- Foreign direct investment, net inflows (BoP, current US$), annual 4.16 % change on previous year (2024)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0217 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net inflows (BoP, current US$), per capita 25.05 BoP, current US$ per person (2024)
- Total reserves (includes gold, current US$), annual growth rate -14.24 % change on previous year (2018)
Frequently asked questions
- What is net errors and omissions in Tanzania?
- Net errors and omissions in Tanzania was 15.34 million BoP, current US$ 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 Tanzania?
- The highest recorded value was 1.12 billion BoP, current US$ in 2014.
- What is the lowest net errors and omissions recorded in Tanzania?
- The lowest recorded value was -1.91 billion BoP, current US$ in 2019.
- How does Tanzania rank for net errors and omissions?
- Tanzania ranks 78th out of 199 countries with data for 2024.
- Is net errors and omissions rising or falling in Tanzania?
- Over the last ten years it is down 98.6%. The long-run trend across the full record is volatile.
- Where does this Tanzania 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.