Republic of the Congo: Net errors and omissions
* indicates monthly or quarterly data series
| Republic of the Congo |
Balance of payments, net errors and omissions |
|---|---|
| Latest value | -383.56 |
| Year | 2021 |
| Measure | million USD |
| Data availability | 1978 - 2021 |
| Average | 117.13 |
| Min - Max | -403.41 - 3,106.79 |
| Source | The World Bank |
The latest value from 2021 is -383.56 million USD, a decline from -65.24 million USD in 2020. In comparison, the world average is -1205.50 million USD, based on data from 172 countries. Historically, the average for the Republic of the Congo from 1978 to 2021 is 117.13 million USD. The minimum value, -403.41 million USD, was reached in 2012 while the maximum of 3106.79 million USD was recorded in 2016.
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* indicates monthly or quarterly data series
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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 | Reference | Measure |
|---|---|---|---|
| Terms of trade | 126.12 | 2021 | percent |
| Trade openness | 96.21 | 2023 | percent |
| Financial openness | -1.242 | 2021 | index points |
| Exports, percent of GDP | 56.90 | 2023 | percent |
| Exports, billion dollars | 8.72 | 2023 | billion U.S. dollars |
| Growth of exports | 0.99 | 2023 | percent |
| Imports, percent of GDP | 39.31 | 2023 | percent |
| Imports, billion dollars | 6.02 | 2023 | billion U.S. dollars |
| Foreign Direct Investment, percent of GDP | 4.09 | 2023 | percent |
| Foreign Direct Investment, billion dollars | 0.03 | 2023 | billion U.S. dollars |
| Portfolio investment inflows, equities | 0.00 | 2021 | million dollars (current) |
| Current account, percent of GDP | 3.50 | 2023 | percent |
| Current account, in dollars | 1.72 | 2021 | billion U.S. dollars |
| Trade balance, percent of GDP | 17.58 | 2023 | percent |
| Trade balance, in dollars | 3.26 | 2021 | billion U.S. dollars |
| Reserves | 0.72 | 2023 | billion U.S. dollars |
| Remittances, percent of GDP | 0.02 | 2023 | percent |
| Remittances | 2.94 | 2023 | million U.S. dollars |
| Net errors and omissions | -383.56 | 2021 | million USD |
| External debt | 53.44 | 2022 | percent |
| Short-term external debt | 2.54 | 2023 | percent |
| Short-term debt to reserves | 27.57 | 2023 | percent |