Sierra Leone: Net errors and omissions

* indicates monthly or quarterly data series
 Sierra Leone

Balance of payments, net errors and omissions

 Latest value -320.44
 Year 2022
 Measure million USD
 Data availability 1977 - 2022
 Average 0.20
 Min - Max -320.44 - 545.76
 Source The World Bank
The latest value from 2022 is -320.44 million USD, a decline from -77.21 million USD in 2021. In comparison, the world average is -276.94 million USD, based on data from 162 countries. Historically, the average for Sierra Leone from 1977 to 2022 is 0.2 million USD. The minimum value, -320.44 million USD, was reached in 2022 while the maximum of 545.76 million USD was recorded in 2015. 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 data
Sierra Leone - Net errors and omissions - Recent values chart

Historical series
Sierra Leone - Net errors and omissions - historical chart - 1977-2022




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.

Selected articles from our guide:

What factors determine the exchange rates

International lending and sovereign debt

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 Related indicators Latest Reference Measure
 Terms of trade 120.80 2021 percent
 Trade openness 107.75 2023 percent
 Financial openness -1.242 2021 index points
 Exports, percent of GDP 40.47 2023 percent
 Exports, billion dollars 1.54 2023 billion U.S. dollars
 Growth of exports 16.33 2023 percent
 Imports, percent of GDP 67.28 2023 percent
 Imports, billion dollars 2.56 2023 billion U.S. dollars
 Foreign Direct Investment, percent of GDP 6.90 2023 percent
 Foreign Direct Investment, billion dollars 0.29 2022 billion U.S. dollars
 Portfolio investment inflows, equities 0.00 2022 million dollars (current)
 Current account, percent of GDP -6.10 2023 percent
 Current account, in dollars -0.16 2022 billion U.S. dollars
 Trade balance, percent of GDP -26.81 2023 percent
 Trade balance, in dollars -0.82 2022 billion U.S. dollars
 Reserves 0.50 2023 billion U.S. dollars
 Remittances, percent of GDP 6.10 2023 percent
 Remittances 232.35 2023 million U.S. dollars
 Net errors and omissions -320.44 2022 million USD
 External debt 48.94 2022 percent
 Short-term external debt 6.93 2022 percent
 Short-term debt to reserves 25.88 2022 percent
 Foreign exchange reserves 10,744.47 5/2024 billion
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