Guinea-Bissau: Net errors and omissions

* indicates monthly or quarterly data series

Balance of payments, net errors and omissions

 Latest value -12.58
 Year 2022
 Measure million USD
 Data availability 1982 - 2022
 Average -5.75
 Min - Max -24.33 - 22.01
 Source The World Bank
For that indicator, we provide data for Guinea-Bissau from 1982 to 2022. The average value for Guinea-Bissau during that period was -5.75 million USD with a minimum of -24.33 million USD in 1994 and a maximum of 22.01 million USD in 1992. The latest value from 2022 is -12.58 million USD. For comparison, the world average in 2022 based on 162 countries is -276.94 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
Guinea-Bissau - Net errors and omissions - Recent values chart

Historical chart
Guinea-Bissau - Net errors and omissions - historical chart - 1982-2022

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.

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 Related indicators Latest value Reference Measure
 Terms of trade 103.90 2021 percent
 Trade openness 53.96 2022 percent
 Financial openness -1.242 2021 index points
 Exports, percent of GDP 14.39 2020 percent
 Exports, billion dollars 0.35 2023 billion U.S. dollars
 Growth of exports -14.63 2020 percent
 Imports, percent of GDP 29.25 2020 percent
 Imports, billion dollars 0.56 2023 billion U.S. dollars
 Foreign Direct Investment, percent of GDP 1.34 2022 percent
 Foreign Direct Investment, billion dollars 0.02 2022 billion U.S. dollars
 Portfolio investment inflows, equities -0.23 2019 million dollars (current)
 Current account, percent of GDP -8.60 2023 percent
 Current account, in dollars -0.15 2022 billion U.S. dollars
 Trade balance, percent of GDP -14.86 2020 percent
 Trade balance, in dollars -0.30 2022 billion U.S. dollars
 Remittances, percent of GDP 10.90 2022 percent
 Remittances 178.00 2022 million U.S. dollars
 Net errors and omissions -12.58 2022 million USD
 External debt 61.68 2022 percent
 Short-term external debt 0.14 2022 percent
 Foreign exchange reserves 57.90 9/2022 billion
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