Net errors and omissions in Gambia
Gambia: Net errors and omissions was -333.27 million BoP, current US$ in 2024. ◆ Volatile
Net errors and omissions in Gambia, 1978–2024
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in BoP, current US$.
Analysis
The most recent figure for net errors and omissions in Gambia is -333.27 million BoP, current US$, measured in 2024. That is the lowest value across all 42 years on record.
Compared with earlier readings it is down 15.2% on the previous year and down 1,104.8% over ten years.
Over the whole period, net errors and omissions in Gambia peaked at 56.04 million BoP, current US$ in 1980 and was at its lowest, -333.27 million BoP, current US$, in 2024.
Gambia ranks 142nd of 198 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 5.99 million BoP, current US$ | -4.73 million BoP, current US$ | 16.72 million BoP, current US$ | 2 |
| 1980s | -2.41 million BoP, current US$ | -20.65 million BoP, current US$ | 56.04 million BoP, current US$ | 10 |
| 1990s | -22.07 million BoP, current US$ | -38.56 million BoP, current US$ | -10.17 million BoP, current US$ | 8 |
| 2000s | -13.38 million BoP, current US$ | -42.41 million BoP, current US$ | 5.17 million BoP, current US$ | 7 |
| 2010s | -19.99 million BoP, current US$ | -60.65 million BoP, current US$ | 33.17 million BoP, current US$ | 10 |
| 2020s | -215.29 million BoP, current US$ | -333.27 million BoP, current US$ | -101.50 million BoP, current US$ | 5 |
Countries ranked near Gambia
- 139 Madagascar -240.77 million BoP, current US$ compare
- 140 Sri Lanka -325.42 million BoP, current US$ compare
- 141 Guatemala -332.97 million BoP, current US$ compare
- 143 Philippines -346.43 million BoP, current US$ compare
- 144 Malaysia -347.42 million BoP, current US$ compare
- 145 Bermuda -370.23 million BoP, current US$ compare
More economy & growth data for Gambia
- Industry (including construction), value added 448.58 million constant 2015 US$ (2025)
- Final consumption expenditure 4.1% (2025)
- Industry (including construction), value added 15.01 billion constant LCU (2025)
- Final consumption expenditure 96.3% (2025)
- Industry (including construction), value added 6.0% (2025)
- Gross national expenditure 3.55 billion current US$ (2025)
- Gross national expenditure 254.39 billion current LCU (2025)
- Gross national expenditure 2.78 billion constant 2015 US$ (2025)
- Exports of goods and services 34.0% (2025)
- Exports of goods and services 269.18 million constant 2015 US$ (2025)
Frequently asked questions
- What is net errors and omissions in Gambia?
- Net errors and omissions in Gambia was -333.27 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 Gambia?
- The highest recorded value was 56.04 million BoP, current US$ in 1980.
- What is the lowest net errors and omissions recorded in Gambia?
- The lowest recorded value was -333.27 million BoP, current US$ in 2024.
- How does Gambia rank for net errors and omissions?
- Gambia ranks 142nd out of 198 countries with data for 2024.
- Is net errors and omissions rising or falling in Gambia?
- Over the last ten years it is down 1,104.8%. The long-run trend across the full record is volatile.
- Where does this Gambia 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.