Net errors and omissions in Madagascar
Madagascar: Net errors and omissions was -240.77 million BoP, current US$ in 2024. ◆ Volatile
Net errors and omissions in Madagascar, 1974–2024
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in BoP, current US$.
Analysis
Madagascar recorded -240.77 million BoP, current US$ for net errors and omissions in 2024.
The figure is up 62.8% on the previous year and down 147.4% over ten years.
Over the whole period, net errors and omissions in Madagascar peaked at 133.67 million BoP, current US$ in 2013 and was at its lowest, -646.42 million BoP, current US$, in 2023.
That places Madagascar 139th out of 198 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 18.37 million BoP, current US$ | -7.04 million BoP, current US$ | 59.56 million BoP, current US$ | 6 |
| 1980s | 4.36 million BoP, current US$ | -54.48 million BoP, current US$ | 85.52 million BoP, current US$ | 10 |
| 1990s | 18.49 million BoP, current US$ | -47.87 million BoP, current US$ | 103.17 million BoP, current US$ | 10 |
| 2000s | 6.82 million BoP, current US$ | -170.13 million BoP, current US$ | 121.15 million BoP, current US$ | 10 |
| 2010s | -12.91 million BoP, current US$ | -198.59 million BoP, current US$ | 133.67 million BoP, current US$ | 10 |
| 2020s | -199.54 million BoP, current US$ | -646.42 million BoP, current US$ | 11.36 million BoP, current US$ | 5 |
Countries ranked near Madagascar
- 136 Botswana -211.98 million BoP, current US$ compare
- 137 Laos -227.17 million BoP, current US$ compare
- 138 Tajikistan -239.52 million BoP, current US$ compare
- 140 Sri Lanka -325.42 million BoP, current US$ compare
- 141 Guatemala -332.97 million BoP, current US$ compare
- 142 Gambia -333.27 million BoP, current US$ compare
More economy & growth data for Madagascar
- DEC alternative conversion factor 4,530 LCU per US$ (2025)
- Agriculture, forestry, and fishing, value added 5.62 trillion constant LCU (2025)
- Households and NPISHs final consumption expenditure 72.8% (2025)
- Final consumption expenditure 17.15 billion current US$ (2025)
- Final consumption expenditure 77.70 trillion current LCU (2025)
- Final consumption expenditure 12.67 billion constant 2015 US$ (2025)
- Final consumption expenditure 2.1% (2025)
- Taxes less subsidies on products 6.72 trillion current LCU (2025)
- Final consumption expenditure 87.4% (2025)
- Gross national expenditure 111.6% (2025)
Frequently asked questions
- What is net errors and omissions in Madagascar?
- Net errors and omissions in Madagascar was -240.77 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 Madagascar?
- The highest recorded value was 133.67 million BoP, current US$ in 2013.
- What is the lowest net errors and omissions recorded in Madagascar?
- The lowest recorded value was -646.42 million BoP, current US$ in 2023.
- How does Madagascar rank for net errors and omissions?
- Madagascar ranks 139th out of 198 countries with data for 2024.
- Is net errors and omissions rising or falling in Madagascar?
- Over the last ten years it is down 147.4%. The long-run trend across the full record is volatile.
- Where does this Madagascar 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.