Net errors and omissions in Togo
Togo: Net errors and omissions was 3.69 million BoP, current US$ in 2020. ◆ Volatile
Latest (2020)
3.69 million BoP, current US$
Change on year
down 24.9%
World rank
92nd
of 199 countries
All-time high
28.19 million BoP, current US$
in 1991
All-time low
-29.72 million BoP, current US$
in 1987
Years of data
47
1974–2020
Net errors and omissions in Togo, 1974–2020
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in BoP, current US$.
Analysis
In 2020, net errors and omissions in Togo stood at 3.69 million BoP, current US$.
The figure is down 24.9% on the previous year and down 66.1% over ten years.
Over the whole period, net errors and omissions in Togo peaked at 28.19 million BoP, current US$ in 1991 and was at its lowest, -29.72 million BoP, current US$, in 1987.
Togo ranks 92nd of 199 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Net errors and omissions in Togo, year by year
| Year | BoP, current US$ | Change |
|---|---|---|
| 1974 | -15.99 million BoP, current US$ | — |
| 1975 | -6.11 million BoP, current US$ | -61.8% |
| 1976 | -163,214 BoP, current US$ | -97.3% |
| 1977 | -15.37 million BoP, current US$ | +9314.3% |
| 1978 | 536,215 BoP, current US$ | -103.5% |
| 1979 | -10.07 million BoP, current US$ | -1978.8% |
| 1980 | -241,386 BoP, current US$ | -97.6% |
| 1981 | -4.31 million BoP, current US$ | +1686.8% |
| 1982 | -5.02 million BoP, current US$ | +16.3% |
| 1983 | 4.27 million BoP, current US$ | -185.2% |
| 1984 | -4.16 million BoP, current US$ | -197.2% |
| 1985 | -5.08 million BoP, current US$ | +22.3% |
| 1986 | -1.89 million BoP, current US$ | -62.9% |
| 1987 | -29.72 million BoP, current US$ | +1476.3% |
| 1988 | 5.46 million BoP, current US$ | -118.4% |
| 1989 | 19.92 million BoP, current US$ | +265.1% |
| 1990 | -18.04 million BoP, current US$ | -190.6% |
| 1991 | 28.19 million BoP, current US$ | -256.2% |
| 1992 | 3.74 million BoP, current US$ | -86.7% |
| 1993 | -10.81 million BoP, current US$ | -388.8% |
| 1994 | 9.31 million BoP, current US$ | -186.1% |
| 1995 | 2.65 million BoP, current US$ | -71.5% |
| 1996 | -11.17 million BoP, current US$ | -520.9% |
| 1997 | -2.59 million BoP, current US$ | -76.8% |
| 1998 | 2.41 million BoP, current US$ | -193.2% |
| 1999 | -3.81 million BoP, current US$ | -257.9% |
| 2000 | 3.87 million BoP, current US$ | -201.4% |
| 2001 | -5.12 million BoP, current US$ | -232.4% |
| 2002 | 5.33 million BoP, current US$ | -204.2% |
| 2003 | -8.53 million BoP, current US$ | -260.1% |
| 2004 | 16.44 million BoP, current US$ | -292.7% |
| 2005 | 12.80 million BoP, current US$ | -22.1% |
| 2006 | 13.41 million BoP, current US$ | +4.7% |
| 2007 | 15.38 million BoP, current US$ | +14.7% |
| 2008 | 19.47 million BoP, current US$ | +26.6% |
| 2009 | 5.53 million BoP, current US$ | -71.6% |
| 2010 | 10.90 million BoP, current US$ | +97.0% |
| 2011 | -3.49 million BoP, current US$ | -132.0% |
| 2012 | 5.67 million BoP, current US$ | -262.7% |
| 2013 | 5.05 million BoP, current US$ | -11.0% |
| 2014 | 4.43 million BoP, current US$ | -12.1% |
| 2015 | 4.56 million BoP, current US$ | +2.7% |
| 2016 | 4.29 million BoP, current US$ | -5.9% |
| 2017 | 3.87 million BoP, current US$ | -9.8% |
| 2018 | 5.37 million BoP, current US$ | +38.7% |
| 2019 | 4.91 million BoP, current US$ | -8.4% |
| 2020 | 3.69 million BoP, current US$ | -24.9% |
Togo compared with similar countries
- Togo's 3.69 million BoP, current US$ is below the median for lower middle income countries, which is 3.83 million BoP, current US$, 96% of the median. (47 countries reporting)
- Togo's 3.69 million BoP, current US$ is above the median for Sub-Saharan Africa, which is -8.15 million BoP, current US$. (47 countries reporting)
Biggest year-on-year movements
Years where Net errors and omissions in Togo changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1977 | -9314.3% | -163,214 BoP, current US$ | -15.37 million BoP, current US$ |
| 1979 | -1978.8% | 536,215 BoP, current US$ | -10.07 million BoP, current US$ |
| 1981 | -1686.8% | -241,386 BoP, current US$ | -4.31 million BoP, current US$ |
| 1987 | -1476.3% | -1.89 million BoP, current US$ | -29.72 million BoP, current US$ |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | -7.86 million BoP, current US$ | -15.99 million BoP, current US$ | 536,215 BoP, current US$ | 6 |
| 1980s | -2.08 million BoP, current US$ | -29.72 million BoP, current US$ | 19.92 million BoP, current US$ | 10 |
| 1990s | -11,355 BoP, current US$ | -18.04 million BoP, current US$ | 28.19 million BoP, current US$ | 10 |
| 2000s | 7.86 million BoP, current US$ | -8.53 million BoP, current US$ | 19.47 million BoP, current US$ | 10 |
| 2010s | 4.56 million BoP, current US$ | -3.49 million BoP, current US$ | 10.90 million BoP, current US$ | 10 |
| 2020s | 3.69 million BoP, current US$ | 3.69 million BoP, current US$ | 3.69 million BoP, current US$ | 1 |
Countries ranked near Togo
- 89 Luxembourg 6.53 million BoP, current US$ compare
- 90 Saint Kitts and Nevis 4.12 million BoP, current US$ compare
- 91 Benin 3.83 million BoP, current US$ compare
- 93 Saint Vincent and the Grenadines 2.76 million BoP, current US$ compare
- 94 Nauru 2.06 million BoP, current US$ compare
- 95 Guinea -780,000 BoP, current US$ compare
More economy & growth data for Togo
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 3.25 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 5.5 Percent per annum (2029)
- Foreign direct investment, net outflows (BoP, current US$), gaps -73.35 million BoP, current US$ (2024)
- Foreign direct investment, net outflows (BoP, current US$), per unit -0.0069 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net outflows (BoP, current US$), per capita -8.73 BoP, current US$ per person (2024)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 83.75 million BoP, current US$ (2024)
- Foreign direct investment, net inflows (BoP, current US$), annual 5.04 % change on previous year (2024)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0079 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net inflows (BoP, current US$), per capita 9.96 BoP, current US$ per person (2024)
- General government final consumption expenditure (current US$) 19.6 % change on previous year (2023)
Frequently asked questions
- What is net errors and omissions in Togo?
- Net errors and omissions in Togo was 3.69 million BoP, current US$ in 2020, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest net errors and omissions recorded in Togo?
- The highest recorded value was 28.19 million BoP, current US$ in 1991.
- What is the lowest net errors and omissions recorded in Togo?
- The lowest recorded value was -29.72 million BoP, current US$ in 1987.
- How does Togo rank for net errors and omissions?
- Togo ranks 92nd out of 199 countries with data for 2020.
- Is net errors and omissions rising or falling in Togo?
- Over the last ten years it is down 66.1%. The long-run trend across the full record is volatile.
- Where does this Togo 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.