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 148th of 175 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% |
Namibia compared with similar countries
- Namibia's -5.9% is below the median for lower middle income countries, which is 2.8%. (38 countries reporting)
- Namibia's -5.9% is below the median for Sub-Saharan Africa, which is 6.1%. (40 countries reporting)
Biggest year-on-year movements
Years where Annual growth of the gross capital formation (%) 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 |
|---|---|---|---|
| 2020 | -2090.5% | 0.9% | -18.6% |
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
- Real gdp growth, annual growth rate -16.45 % change on previous year (2024)
- 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)
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 148th out of 175 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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