Net errors and omissions in Uganda
Uganda: Net errors and omissions was 608.51 million BoP, current US$ in 2024. ◆ Volatile
Net errors and omissions in Uganda, 1980–2024
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in BoP, current US$.
Analysis
Uganda recorded 608.51 million BoP, current US$ for net errors and omissions in 2024.
That represents a change of up 3,088.3% on the previous year and up 31.7% over ten years.
Over the whole period, net errors and omissions in Uganda peaked at 1.08 billion BoP, current US$ in 2020 and was at its lowest, -428.31 million BoP, current US$, in 2005.
That places Uganda 39th out of 199 countries with data for 2024, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Net errors and omissions in Uganda, year by year
| Year | BoP, current US$ | Change |
|---|---|---|
| 1980 | -7.20 million BoP, current US$ | — |
| 1981 | 97.70 million BoP, current US$ | -1456.9% |
| 1982 | -24.70 million BoP, current US$ | -125.3% |
| 1983 | -36.60 million BoP, current US$ | +48.2% |
| 1984 | 21.60 million BoP, current US$ | -159.0% |
| 1985 | -52.10 million BoP, current US$ | -341.2% |
| 1986 | -500,000 BoP, current US$ | -99.0% |
| 1987 | 14.50 million BoP, current US$ | -3000.0% |
| 1988 | 141.60 million BoP, current US$ | +876.6% |
| 1989 | -40.40 million BoP, current US$ | -128.5% |
| 1990 | -400,000 BoP, current US$ | -99.0% |
| 1991 | -3.39 million BoP, current US$ | +747.5% |
| 1992 | 8.30 million BoP, current US$ | -344.8% |
| 1993 | 30,000 BoP, current US$ | -99.6% |
| 1994 | 32.50 million BoP, current US$ | +108233.3% |
| 1995 | 33.12 million BoP, current US$ | +1.9% |
| 1996 | 35.21 million BoP, current US$ | +6.3% |
| 1997 | -10.13 million BoP, current US$ | -128.8% |
| 1998 | 40.17 million BoP, current US$ | -496.5% |
| 1999 | 3.80 million BoP, current US$ | -90.5% |
| 2000 | 39.30 million BoP, current US$ | +934.2% |
| 2001 | -52.46 million BoP, current US$ | -233.5% |
| 2002 | -136.96 million BoP, current US$ | +161.1% |
| 2003 | -138.43 million BoP, current US$ | +1.1% |
| 2004 | -292.85 million BoP, current US$ | +111.6% |
| 2005 | -428.31 million BoP, current US$ | +46.3% |
| 2006 | 28.42 million BoP, current US$ | -106.6% |
| 2007 | 3.14 million BoP, current US$ | -89.0% |
| 2008 | 106.75 million BoP, current US$ | +3302.4% |
| 2009 | -245.06 million BoP, current US$ | -329.6% |
| 2010 | 499.67 million BoP, current US$ | -303.9% |
| 2011 | 486.89 million BoP, current US$ | -2.6% |
| 2012 | 549.04 million BoP, current US$ | +12.8% |
| 2013 | 630.61 million BoP, current US$ | +14.9% |
| 2014 | 462.02 million BoP, current US$ | -26.7% |
| 2015 | 300.12 million BoP, current US$ | -35.0% |
| 2016 | -81.53 million BoP, current US$ | -127.2% |
| 2017 | 505.77 million BoP, current US$ | -720.3% |
| 2018 | 37.66 million BoP, current US$ | -92.6% |
| 2019 | 773.88 million BoP, current US$ | +1955.2% |
| 2020 | 1.08 billion BoP, current US$ | +39.6% |
| 2021 | 637.54 million BoP, current US$ | -41.0% |
| 2022 | -117.98 million BoP, current US$ | -118.5% |
| 2023 | 19.09 million BoP, current US$ | -116.2% |
| 2024 | 608.51 million BoP, current US$ | +3088.4% |
Uganda compared with similar countries
- Uganda's 608.51 million BoP, current US$ is above the median for low income countries, which is -4.68 million BoP, current US$. (23 countries reporting)
- Uganda's 608.51 million BoP, current US$ is above the median for Sub-Saharan Africa, which is -8.15 million BoP, current US$. (47 countries reporting)
Biggest year-on-year movements
Years where Net errors and omissions in Uganda changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1994 | +108233.3% | 30,000 BoP, current US$ | 32.50 million BoP, current US$ |
| 2008 | +3302.4% | 3.14 million BoP, current US$ | 106.75 million BoP, current US$ |
| 2024 | +3088.4% | 19.09 million BoP, current US$ | 608.51 million BoP, current US$ |
| 1987 | +3000.0% | -500,000 BoP, current US$ | 14.50 million BoP, current US$ |
| 2019 | +1955.2% | 37.66 million BoP, current US$ | 773.88 million BoP, current US$ |
| 1981 | +1456.9% | -7.20 million BoP, current US$ | 97.70 million BoP, current US$ |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 11.39 million BoP, current US$ | -52.10 million BoP, current US$ | 141.60 million BoP, current US$ | 10 |
| 1990s | 13.92 million BoP, current US$ | -10.13 million BoP, current US$ | 40.17 million BoP, current US$ | 10 |
| 2000s | -111.65 million BoP, current US$ | -428.31 million BoP, current US$ | 106.75 million BoP, current US$ | 10 |
| 2010s | 416.41 million BoP, current US$ | -81.53 million BoP, current US$ | 773.88 million BoP, current US$ | 10 |
| 2020s | 445.43 million BoP, current US$ | -117.98 million BoP, current US$ | 1.08 billion BoP, current US$ | 5 |
Countries ranked near Uganda
- 36 Portugal 775.24 million BoP, current US$ compare
- 37 Haiti 752.16 million BoP, current US$ compare
- 38 Libya 711.10 million BoP, current US$ compare
- 40 Bangladesh 591.90 million BoP, current US$ compare
- 41 Sudan 538.74 million BoP, current US$ compare
- 42 Pakistan 520.00 million BoP, current US$ compare
More economy & growth data for Uganda
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 4.29 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 6.99 Percent per annum (2029)
- Foreign direct investment, net outflows (BoP, current US$), gaps 399,794 BoP, current US$ (2024)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net outflows (BoP, current US$), per capita 0.008 BoP, current US$ per person (2024)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 3.26 billion BoP, current US$ (2024)
- Foreign direct investment, net inflows (BoP, current US$), annual 8.81 % change on previous year (2024)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0604 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net inflows (BoP, current US$), per capita 65.12 BoP, current US$ per person (2024)
- Total reserves (includes gold, current US$), annual growth rate -11.58 % change on previous year (2024)
Frequently asked questions
- What is net errors and omissions in Uganda?
- Net errors and omissions in Uganda was 608.51 million BoP, current US$ 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 Uganda?
- The highest recorded value was 1.08 billion BoP, current US$ in 2020.
- What is the lowest net errors and omissions recorded in Uganda?
- The lowest recorded value was -428.31 million BoP, current US$ in 2005.
- How does Uganda rank for net errors and omissions?
- Uganda ranks 39th out of 199 countries with data for 2024.
- Is net errors and omissions rising or falling in Uganda?
- Over the last ten years it is up 31.7%. The long-run trend across the full record is volatile.
- Where does this Uganda 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.