Nigeria - Net errors and omissions

Net errors and omissions (BoP, current US$)

The latest value for Net errors and omissions (BoP, current US$) in Nigeria was $11,901,440,000 as of 2020. Over the past 43 years, the value for this indicator has fluctuated between $20,773,240,000 in 2015 and ($26,734,800,000) in 2013.

Definition: 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. Data are in current U.S. dollars.

Source: International Monetary Fund, Balance of Payments Statistics Yearbook and data files.

See also:

Year Value
1977 ($40,328,770)
1978 $240,841,700
1979 $180,461,400
1980 ($724,238,900)
1981 ($42,091,070)
1982 $13,363,800
1983 $139,423,800
1984 $253,089,400
1985 ($129,786,700)
1986 ($180,675,900)
1987 ($305,774,000)
1988 $682,482,400
1989 $127,037,800
1990 $234,326,700
1991 ($91,401,250)
1992 ($121,897,600)
1993 ($87,860,940)
1994 ($139,025,300)
1995 ($32,209,730)
1996 ($18,893,070)
1997 ($34,035,580)
1998 ($42,455,950)
1999 ($53,877,000)
2000 $1,848,718,000
2001 $779,100,700
2002 $837,436,100
2003 $5,633,568,000
2004 $4,711,165,000
2005 ($17,344,520,000)
2006 ($17,150,970,000)
2007 ($14,401,690,000)
2008 ($20,776,240,000)
2009 ($26,380,220,000)
2010 ($15,144,320,000)
2011 ($5,264,810,000)
2012 ($4,998,422,000)
2013 ($26,734,800,000)
2014 ($13,192,770,000)
2015 $20,773,240,000
2016 ($15,355,380,000)
2017 ($17,944,760,000)
2018 ($6,161,123,000)
2019 ($6,808,343,000)
2020 $11,901,440,000

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: Balance of payments