Annual growth of the gross capital formation in Namibia
Namibia: Annual growth of the gross capital formation was -5.9% in 2024. ◆ Volatile
Annual growth of the gross capital formation in Namibia, 2000–2024
Source: United Nations Statistics Division, SDG Global Database. Measured in %.
Analysis
The most recent figure for annual growth of the gross capital formation in Namibia is -5.9%, measured in 2024.
Compared with earlier readings it is down 111.0% on the previous year and down 119.8% over ten years.
Over the whole period, annual growth of the gross capital formation in Namibia peaked at 53.5% in 2023 and was at its lowest, -27.7%, in 2016.
Namibia ranks 147th of 174 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Annual growth of the gross capital formation in Namibia, year by year
| Year | % | Change |
|---|---|---|
| 2000 | -8.5% | — |
| 2001 | 35.8% | -521.6% |
| 2002 | -3.0% | -108.3% |
| 2003 | -3.7% | +24.6% |
| 2004 | 6.7% | -279.8% |
| 2005 | 4.3% | -35.3% |
| 2006 | 28.7% | +563.0% |
| 2007 | 12.5% | -56.5% |
| 2008 | 23.7% | +89.6% |
| 2009 | 0.4% | -98.4% |
| 2010 | 2.8% | +633.1% |
| 2011 | -4.5% | -260.1% |
| 2012 | 37.9% | -942.7% |
| 2013 | 6.2% | -83.6% |
| 2014 | 29.8% | +379.6% |
| 2015 | -6.5% | -121.6% |
| 2016 | -27.7% | +329.8% |
| 2017 | -10.2% | -63.2% |
| 2018 | -19.1% | +87.1% |
| 2019 | 0.9% | -104.9% |
| 2020 | -18.6% | -2090.5% |
| 2021 | 26.6% | -242.4% |
| 2022 | 22.3% | -16.1% |
| 2023 | 53.5% | +140.0% |
| 2024 | -5.9% | -111.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 9.7% | -8.5% | 35.8% | 10 |
| 2010s | 1.0% | -27.7% | 37.9% | 10 |
| 2020s | 15.6% | -18.6% | 53.5% | 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)
- Imports of goods and services (constant 2015 US$), annual growth rate -3.69 % change on previous year (2025)
- Imports of goods and services (constant 2015 US$), per unit of GDP 0.6878 constant 2015 US$ per US$ of GDP (2025)
- Imports of goods and services (constant 2015 US$), per capita 3,354 constant 2015 US$ per person (2025)
- External balance on goods and services (current US$), annual growth 17.84 % change on previous year (2025)
- External balance on goods and services (current LCU), annual growth 19.81 % change on previous year (2025)
- Agriculture, forestry, and fishing, value added (current LCU), annual 5.41 % change on previous year (2025)
- Agriculture, forestry, and fishing, value added (current LCU), per 1.25 current LCU per US$ of GDP (2025)
- Agriculture, forestry, and fishing, value added (current LCU), per 6,096 current LCU per person (2025)
Frequently asked questions
- What is annual growth of the gross capital formation in Namibia?
- Annual growth of the gross capital formation in Namibia was -5.9% in 2024, according to United Nations Statistics Division, SDG Global Database.
- What is the highest annual growth of the gross capital formation recorded in Namibia?
- The highest recorded value was 53.5% in 2023.
- What is the lowest annual growth of the gross capital formation recorded in Namibia?
- The lowest recorded value was -27.7% in 2016.
- How does Namibia rank for annual growth of the gross capital formation?
- Namibia ranks 147th out of 174 countries with data for 2024.
- Is annual growth of the gross capital formation rising or falling in Namibia?
- Over the last ten years it is down 119.8%. 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 growth of the gross capital formation (%). Statizoid updates them automatically from the source API.
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