Burkina Faso's net errors and omissions (current US$, BoP) was −US$8.15 million in 2024, the latest year in the World Bank's World Development Indicators. That is down 5.93% from −US$7.69 million in 2014.
Key figures
| Value | Year | |
|---|---|---|
| Latest | −US$8.15 million | 2024 |
| Five years earlier | −US$7.16 million | 2019 |
| Ten years earlier | −US$7.69 million | 2014 |
| Highest | US$33.06 million | 2009 |
| Lowest | −US$42.22 million | 2021 |
| Average since 2015 | −US$12.41 million | 2015–2024 |
| First recorded | −US$2.33 million |
What the numbers say
In 2024, Burkina Faso's net errors and omissions (current US$, BoP) fell US$896,862 on 2023 (from −US$7.25 million to −US$8.15 million).
Across the 18 yearly changes before that (2006 to 2023), the average change was −US$273,562 and a typical year strayed about US$17.43 million from that (the standard deviation). This year's change was 0.0 standard deviations below that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
On record, the biggest yearly rise was US$32.24 million in 2023 and the biggest yearly fall was US$34.79 million in 2021. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.
From 2015 to 2024 there is no clear straight-line trend: a straight line explains 24% of the movement over 10 observed years, so the value is moving around more than it is heading anywhere.
Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.
How it compares
In 2024, Burkina Faso had the 20th highest value of the 29 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.
Closest to Burkina Faso in the 2024 ranking
- Guinea-Bissau — 16th of 29: US$6.61 million
- Naoero — 17th of 29: US$2.06 million
- Guinea — 18th of 29: −US$780,000
- Sierra Leone — 20th of 29: −US$25.03 million
- Papua New Guinea — 21st of 29: −US$33.44 million
- Ethiopia — 22nd of 29: −US$48.85 million
What this measures
Net errors and omissions constitute a residual category needed to ensure that accounts in the balance of payments statement sum to zero. Net errors and omissions are derived as the balance on the financial account minus the balances on the current and capital accounts. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.
All 20 values
| Year | Net errors and omissions (current US$, BoP) |
|---|---|
| 2024 | -8,146,221 |
| 2023 | -7,249,359 |
| 2022 | -39,485,167 |
| 2021 | -42,220,271 |
| 2020 | -7,433,084 |
| 2019 | -7,164,911 |
| 2018 | -6,309,735 |
| 2017 | -7,749,019 |
| 2016 | -5,555,128 |
| 2015 | 7,203,849 |
| 2014 |
Net errors and omissions (current US$, BoP) in nearby economies
- Angola — US$886.24 million (2025)
- Benin — US$3.83 million (2023)
- Botswana — −US$83.25 million (2025)
- Burundi — −US$80.21 million (2025)
- Cabo Verde — −US$49.76 million (2025)
- Cameroon — US$9.06 million (2024)
- Comoros — −US$2.34 million (2023)
- Congo, Dem. Rep. — US$778.4 million (2025)
- Congo, Rep. — −US$383.56 million (2021)
- Côte d'Ivoire — US$6.96 million (2024)
More economic policy & debt data for Burkina Faso
- General government final consumption expenditure (current US$) — US$4.92 billion (2025)
- General government final consumption expenditure (current LCU) — 2.86 trillion (2025)
- General government final consumption expenditure (% of GDP) — 17.81% (2025)
- Households and NPISHs final consumption expenditure (current US$) — US$16.58 billion (2025)
- Households and NPISHs final consumption expenditure (current LCU) — 9.65 trillion (2025)
- Households and NPISHs final consumption expenditure (% of GDP) — 60% (2025)
- Final consumption expenditure (current US$) — US$21.49 billion (2025)
- Final consumption expenditure (current LCU)
Reading data like this
Questions people ask
- What is Burkina Faso's net errors and omissions (current US$, BoP)?
- −US$8.15 million in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 2005?
- It is down 250.34% from −US$2.33 million in 2005. The highest value was US$33.06 million in 2009 and the lowest −US$42.22 million in 2021.
- How does Burkina Faso rank?
- 20th highest of 29 economies with data for 2024.
- Is the latest change in net errors and omissions (current US$, BoP) unusual for Burkina Faso?
- In 2024, Burkina Faso's net errors and omissions (current US$, BoP) fell US$896,862 on 2023 (from −US$7.25 million to −US$8.15 million). Across the 18 yearly changes before that (2006 to 2023), the average change was −US$273,562 and a typical year strayed about US$17.43 million from that (the standard deviation). This year's change was 0.0 standard deviations below that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
Source
World Bank, World Development Indicators, indicator BN.KAC.EOMS.CD, licensed CC BY 4.0. Original source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.
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