Annual GDP growth in Namibia
Namibia: Annual GDP growth was 3.7% in 2024. ◆ Volatile
Annual GDP growth in Namibia, 2000–2024
Source: United Nations Statistics Division, SDG Global Database.
Analysis
The most recent figure for annual gdp growth in Namibia is 3.7%, measured in 2024.
That represents a change of down 16.5% on the previous year and down 39.1% over ten years.
Over the whole period, annual gdp growth in Namibia peaked at 12.3% in 2004 and was at its lowest, -8.1%, in 2020.
That places Namibia 93rd out of 230 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Annual GDP growth in Namibia, year by year
| Year | Value | Change |
|---|---|---|
| 2000 | 3.5% | — |
| 2001 | 1.2% | -66.3% |
| 2002 | 4.8% | +306.5% |
| 2003 | 4.2% | -11.5% |
| 2004 | 12.3% | +189.4% |
| 2005 | 2.5% | -79.4% |
| 2006 | 7.1% | +179.7% |
| 2007 | 5.4% | -24.0% |
| 2008 | 2.6% | -50.7% |
| 2009 | 0.3% | -88.8% |
| 2010 | 6.0% | +1940.5% |
| 2011 | 5.1% | -15.7% |
| 2012 | 5.1% | -0.6% |
| 2013 | 5.6% | +10.9% |
| 2014 | 6.1% | +8.5% |
| 2015 | 4.3% | -30.0% |
| 2016 | 0.0% | -99.2% |
| 2017 | -1.0% | -3139.7% |
| 2018 | 1.1% | -203.2% |
| 2019 | -0.8% | -179.2% |
| 2020 | -8.1% | +865.4% |
| 2021 | 3.6% | -144.5% |
| 2022 | 5.4% | +49.8% |
| 2023 | 4.4% | -17.7% |
| 2024 | 3.7% | -16.5% |
Namibia compared with similar countries
- Namibia's 3.7% is below the median for lower middle income countries, which is 3.8%, 98% of the median. (43 countries reporting)
- Namibia's 3.7% is below the median for Sub-Saharan Africa, which is 4.1%, 90% of the median. (45 countries reporting)
Biggest year-on-year movements
Years where Annual GDP growth in Namibia changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2017 | -3139.7% | 0.0% | -1.0% |
| 2010 | +1940.5% | 0.3% | 6.0% |
| 2020 | -865.4% | -0.8% | -8.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 4.4% | 0.3% | 12.3% | 10 |
| 2010s | 3.1% | -1.0% | 6.1% | 10 |
| 2020s | 1.8% | -8.1% | 5.4% | 5 |
Countries ranked near Namibia
- 90 Papua New Guinea 3.8% compare
- 91 Morocco 3.8% compare
- 92 Channel Islands 3.7% compare
- 94 Algeria 3.7% compare
- 95 Nepal 3.7% compare
- 96 Iran (Islamic Republic of) 3.7% compare
More economy & growth data for Namibia
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 1.07 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 2.64 Percent per annum (2029)
- SDRs holdings, US dollar, annual growth rate 2.35 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0153 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 74.4 units per person (2025)
- SDRs holdings, SDR, annual growth rate -2.53 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0111 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 54.32 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate -25 % change on previous year (2025)
- IMF holdings of currency, US dollar, per unit of GDP 0.0217 units per US$ of GDP (2025)
Frequently asked questions
- What is annual gdp growth in Namibia?
- Annual gdp growth in Namibia was 3.7% in 2024, according to United Nations Statistics Division, SDG Global Database.
- What is the highest annual gdp growth recorded in Namibia?
- The highest recorded value was 12.3% in 2004.
- What is the lowest annual gdp growth recorded in Namibia?
- The lowest recorded value was -8.1% in 2020.
- How does Namibia rank for annual gdp growth?
- Namibia ranks 93rd out of 230 countries with data for 2024.
- Is annual gdp growth rising or falling in Namibia?
- Over the last ten years it is down 39.1%. The long-run trend across the full record is volatile.
- Where does this Namibia data come from?
- The figures come from United Nations Statistics Division, SDG Global Database, published as part of Annual GDP growth (%). Statizoid updates them automatically from the source API.
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