Annual GDP growth in Namibia
Namibia: Annual GDP growth was 3.7% in 2024. ◆ Volatile
Annual GDP growth in Namibia, 2000–2024
Source: World Bank – processed by Our World in Data. Measured in %.
Analysis
Namibia recorded 3.7% for annual gdp growth in 2024.
The figure is down 16.4% 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.
Namibia ranks 85th of 212 countries on this measure, 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 | % | Change |
|---|---|---|
| 2000 | 3.5% | — |
| 2001 | 1.2% | -66.2% |
| 2002 | 4.8% | +305.9% |
| 2003 | 4.2% | -11.5% |
| 2004 | 12.3% | +189.4% |
| 2005 | 2.5% | -79.4% |
| 2006 | 7.1% | +179.4% |
| 2007 | 5.4% | -24.0% |
| 2008 | 2.6% | -50.7% |
| 2009 | 0.3% | -88.7% |
| 2010 | 6.0% | +1913.3% |
| 2011 | 5.1% | -15.7% |
| 2012 | 5.1% | -0.6% |
| 2013 | 5.6% | +10.9% |
| 2014 | 6.1% | +8.6% |
| 2015 | 4.3% | -30.0% |
| 2016 | 0.0% | -99.3% |
| 2017 | -1.0% | -3533.3% |
| 2018 | 1.1% | -202.9% |
| 2019 | -0.8% | -179.2% |
| 2020 | -8.1% | +864.3% |
| 2021 | 3.6% | -144.4% |
| 2022 | 5.4% | +50.0% |
| 2023 | 4.4% | -17.8% |
| 2024 | 3.7% | -16.4% |
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. (47 countries reporting)
- Namibia's 3.7% is below the median for Sub-Saharan Africa, which is 4.2%, 89% of the median. (48 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 | -3533.3% | 0.0% | -1.0% |
| 2010 | +1913.3% | 0.3% | 6.0% |
| 2020 | -864.3% | -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
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)
- Foreign direct investment, net outflows (BoP, current US$), gaps 44.40 million BoP, current US$ (2024)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0033 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net outflows (BoP, current US$), per capita 14.65 BoP, current US$ per person (2024)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 1.93 billion BoP, current US$ (2024)
- Foreign direct investment, net inflows (BoP, current US$), annual -15.67 % change on previous year (2024)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.1418 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net inflows (BoP, current US$), per capita 638.56 BoP, current US$ per person (2024)
- Total reserves (includes gold, current US$), annual growth rate -7.48 % change on previous year (2025)
Frequently asked questions
- What is annual gdp growth in Namibia?
- Annual gdp growth in Namibia was 3.7% in 2024, according to World Bank – processed by Our World in Data.
- 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 85th out of 212 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 World Bank – processed by Our World in Data, published as part of Annual GDP growth. Statizoid updates them automatically from the source API.
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About this data
Annual GDP growth (%).