South Africa: Net errors and omissions

* indicates monthly or quarterly data series
 South Africa

Balance of payments, net errors and omissions

 Latest value 1,263.43
 Year 2023
 Measure million USD
 Data availability 1960 - 2023
 Average 83.01
 Min - Max -6,538.65 - 6,599.46
 Source The World Bank
For that indicator, we provide data for South Africa from 1960 to 2023. The average value for South Africa during that period was 83.01 million USD with a minimum of -6538.65 million USD in 2009 and a maximum of 6599.46 million USD in 2008. The latest value from 2023 is 1263.43 million USD. For comparison, the world average in 2023 based on 111 countries is -1826.71 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
South Africa - Net errors and omissions - Recent values chart

Historical chart
South Africa - Net errors and omissions - historical chart - 1960-2023




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 128.32 2021 percent
 Trade openness 65.06 2022 percent
 Financial openness -1.242 2021 index points
 Exports, percent of GDP 33.54 2022 percent
 Exports, billion dollars 124.76 2023 billion U.S. dollars
 Growth of exports 7.39 2022 percent
 Imports, percent of GDP 31.52 2022 percent
 Imports, billion dollars 123.53 2023 billion U.S. dollars
 Foreign Direct Investment, percent of GDP 2.27 2022 percent
 Foreign Direct Investment, billion dollars 9.19 2022 billion U.S. dollars
 Portfolio investment inflows, equities -4,382.76 2023 million dollars (current)
 Current account, percent of GDP -1.60 2023 percent
 Current account, in dollars -6.16 2023 billion U.S. dollars
 Trade balance, percent of GDP 2.02 2022 percent
 Trade balance, in dollars 1.19 2023 billion U.S. dollars
 Reserves 60.55 2022 billion U.S. dollars
 Remittances, percent of GDP 0.22 2022 percent
 Remittances 872.86 2022 million U.S. dollars
 Net errors and omissions 1,263.43 2023 million USD
 External debt 43.38 2022 percent
 Short-term external debt 24.95 2022 percent
 Short-term debt to reserves 70.93 2022 percent
 Foreign exchange reserves 1,152.50 9/2023 billion
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