Net errors and omissions in Nigeria
Nigeria: Net errors and omissions was -15.73 billion BoP, current US$ in 2025. ◆ Volatile
Net errors and omissions in Nigeria, 1977–2025
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in BoP, current US$.
Analysis
The most recent figure for net errors and omissions in Nigeria is -15.73 billion BoP, current US$, measured in 2025.
Compared with earlier readings it is down 67.7% on the previous year and down 175.7% over ten years.
Over the whole period, net errors and omissions in Nigeria peaked at 20.77 billion BoP, current US$ in 2015 and was at its lowest, -26.73 billion BoP, current US$, in 2013.
Nigeria ranks 194th of 198 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 126.99 million BoP, current US$ | -40.33 million BoP, current US$ | 240.84 million BoP, current US$ | 3 |
| 1980s | -16.72 million BoP, current US$ | -724.24 million BoP, current US$ | 682.48 million BoP, current US$ | 10 |
| 1990s | -38.73 million BoP, current US$ | -139.03 million BoP, current US$ | 234.33 million BoP, current US$ | 10 |
| 2000s | -8.22 billion BoP, current US$ | -26.38 billion BoP, current US$ | 5.63 billion BoP, current US$ | 10 |
| 2010s | -9.37 billion BoP, current US$ | -26.73 billion BoP, current US$ | 20.77 billion BoP, current US$ | 10 |
| 2020s | -7.28 billion BoP, current US$ | -24.90 billion BoP, current US$ | 16.96 billion BoP, current US$ | 6 |
Countries ranked near Nigeria
- 191 Japan -13.57 billion BoP, current US$ compare
- 192 Saudi Arabia -14.58 billion BoP, current US$ compare
- 193 Denmark -15.21 billion BoP, current US$ compare
- 195 France -24.81 billion BoP, current US$ compare
- 196 Vietnam -31.31 billion BoP, current US$ compare
- 197 Sweden -50.28 billion BoP, current US$ compare
More economy & growth data for Nigeria
- GDP 562.59 billion constant 2015 US$ (2025)
- GDP growth 4.0% (2025)
- Agriculture, forestry, and fishing, value added 101.46 trillion current LCU (2025)
- Agriculture, forestry, and fishing, value added 132.44 billion constant 2015 US$ (2025)
- Agriculture, forestry, and fishing, value added 2.9% (2025)
- Agriculture, forestry, and fishing, value added 61.04 trillion constant LCU (2025)
- Manufacturing, value added 36.46 trillion current LCU (2025)
- Manufacturing, value added 17.83 trillion constant LCU (2025)
- Manufacturing, value added 43.61 billion constant 2015 US$ (2025)
- Inflation, consumer prices 23.0% (2025)
Frequently asked questions
- What is net errors and omissions in Nigeria?
- Net errors and omissions in Nigeria was -15.73 billion BoP, current US$ in 2025, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest net errors and omissions recorded in Nigeria?
- The highest recorded value was 20.77 billion BoP, current US$ in 2015.
- What is the lowest net errors and omissions recorded in Nigeria?
- The lowest recorded value was -26.73 billion BoP, current US$ in 2013.
- How does Nigeria rank for net errors and omissions?
- Nigeria ranks 194th out of 198 countries with data for 2025.
- Is net errors and omissions rising or falling in Nigeria?
- Over the last ten years it is down 175.7%. The long-run trend across the full record is volatile.
- Where does this Nigeria 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.