Benin: Net errors and omissions

* indicates monthly or quarterly data series

Balance of payments, net errors and omissions

 Latest value 5.14
 Year 2021
 Measure million USD
 Data availability 1974 - 2021
 Average 15.48
 Min - Max -52.49 - 182.8
 Source The World Bank
For that indicator, we provide data for Benin from 1974 to 2021. The average value for Benin during that period was 15.48 million USD with a minimum of -52.49 million USD in 1987 and a maximum of 182.8 million USD in 2003. The latest value from 2021 is 5.14 million USD. For comparison, the world average in 2021 based on 167 countries is -1191.18 million USD. See the global rankings for that indicator or use the country comparator to compare trends over time.
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* indicates monthly or quarterly data series

Recent values chart
Benin - Net errors and omissions - recent values

Historical chart
Benin - Net errors and omissions - historical chart - 1974-2021

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.

 Related indicators Latest value Reference Measure
 Terms of trade 115.82 2021 percent
 Trade openness 50.93 2022 percent
 Financial openness -1.242 2021 index points
 Exports, percent of GDP 21.65 2022 percent
 Exports, billion dollars 3.77 2022 billion U.S. dollars
 Growth of exports 19.08 2022 percent
 Imports, percent of GDP 29.28 2022 percent
 Imports, billion dollars 5.09 2022 billion U.S. dollars
 Foreign Direct Investment, percent of GDP 1.53 2022 percent
 Foreign Direct Investment, billion dollars 0.27 2022 billion U.S. dollars
 Portfolio investment inflows, equities 0.70 2021 million dollars (current)
 Current account, percent of GDP -5.10 2019 percent
 Current account, in dollars -0.73 2021 billion U.S. dollars
 Trade balance, percent of GDP -7.63 2022 percent
 Trade balance, in dollars -0.77 2021 billion U.S. dollars
 Remittances, percent of GDP 1.33 2022 percent
 Remittances 231.00 2022 million U.S. dollars
 Net errors and omissions 5.14 2021 million USD
 External debt 42.36 2022 percent
 Short-term external debt 5.11 2022 percent
 Foreign exchange reserves 274.60 9/2022 billion
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