Net errors and omissions in Namibia
Namibia: Net errors and omissions was -80.84 million BoP, current US$ in 2024. ◆ Volatile
Net errors and omissions in Namibia, 1990–2024
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in BoP, current US$.
Analysis
The most recent figure for net errors and omissions in Namibia is -80.84 million BoP, current US$, measured in 2024.
That represents a change of down 551.4% on the previous year and down 332.5% over ten years.
Over the whole period, net errors and omissions in Namibia peaked at 901.04 million BoP, current US$ in 2008 and was at its lowest, -270.86 million BoP, current US$, in 2020.
That places Namibia 123rd out of 198 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 27.89 million BoP, current US$ | -14.75 million BoP, current US$ | 167.82 million BoP, current US$ | 10 |
| 2000s | 195.99 million BoP, current US$ | -88.78 million BoP, current US$ | 901.04 million BoP, current US$ | 10 |
| 2010s | 51.16 million BoP, current US$ | -248.70 million BoP, current US$ | 322.81 million BoP, current US$ | 10 |
| 2020s | -128.01 million BoP, current US$ | -270.86 million BoP, current US$ | 17.91 million BoP, current US$ | 5 |
Countries ranked near Namibia
- 120 Mozambique -77.07 million BoP, current US$ compare
- 121 Burundi -80.21 million BoP, current US$ compare
- 122 Moldova -80.78 million BoP, current US$ compare
- 124 South Sudan -92.80 million BoP, current US$ compare
- 125 Samoa -104.12 million BoP, current US$ compare
- 126 Barbados -132.48 million BoP, current US$ compare
More economy & growth data for Namibia
- Gross national expenditure 119.2% (2025)
- Industry (including construction), value added 40.14 billion constant LCU (2025)
- Final consumption expenditure 100.6% (2025)
- Industry (including construction), value added -3.1% (2025)
- Gross national expenditure 17.98 billion current US$ (2025)
- Gross national expenditure 321.64 billion current LCU (2025)
- Gross national expenditure 17.34 billion constant 2015 US$ (2025)
- Industry (including construction), value added 3.12 billion constant 2015 US$ (2025)
- Exports of goods and services 44.7% (2025)
- Industry (including construction), value added 78.10 billion current LCU (2025)
Frequently asked questions
- What is net errors and omissions in Namibia?
- Net errors and omissions in Namibia was -80.84 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 Namibia?
- The highest recorded value was 901.04 million BoP, current US$ in 2008.
- What is the lowest net errors and omissions recorded in Namibia?
- The lowest recorded value was -270.86 million BoP, current US$ in 2020.
- How does Namibia rank for net errors and omissions?
- Namibia ranks 123rd out of 198 countries with data for 2024.
- Is net errors and omissions rising or falling in Namibia?
- Over the last ten years it is down 332.5%. The long-run trend across the full record is volatile.
- Where does this Namibia 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.