Annual GDP growth in Namibia
Namibia: Annual GDP growth was 4.2% in 2023. ◆ Volatile
Latest (2023)
4.2%
Change on year
down 22.2%
World rank
70th
of 211 countries
All-time high
12.3%
in 2004
All-time low
-8.1%
in 2020
Years of data
24
2000–2023
Annual GDP growth in Namibia, 2000–2023
Source: World Bank – processed by Our World in Data. Measured in %.
Analysis
Namibia recorded 4.2% for annual gdp growth in 2023.
The figure is down 22.2% on the previous year and down 25.8% 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 70th of 211 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.
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 | 1.3% | -8.1% | 5.3% | 4 |
Countries ranked near Namibia
More economy & growth data for Namibia
- External balance on goods and services as a percent of GDP -19.2% (2025)
- Inflation of consumer prices 3.5% (2025)
- GDP per capita 4,019 constant 2015 US$ (2025)
- Share of manufacturing in gross domestic product (GDP) 10.0% (2025)
- Gross domestic product (GDP) 12.43 billion constant 2015 US$ (2025)
- GDP per capita in international and market dollars 4,019 constant 2015 US$ (2025)
- DEC alternative conversion factor 17.89 LCU per US$ (2025)
- Net secondary income (Net current transfers from abroad) 26.13 billion current LCU (2025)
- Net secondary income (Net current transfers from abroad) 1.46 billion current US$ (2025)
- Taxes less subsidies on products 24.49 billion current LCU (2025)
Frequently asked questions
- What is annual gdp growth in Namibia?
- Annual gdp growth in Namibia was 4.2% in 2023, 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 70th out of 211 countries with data for 2023.
- Is annual gdp growth rising or falling in Namibia?
- Over the last ten years it is down 25.8%. 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.
Download this data
CSV · JSON — 24 observations, free to reuse under CC BY 4.0 (Our World in Data).
About this data
Annual GDP growth (%)