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: World Bank – processed by Our World in Data. Measured in %.
Analysis
In 2024, annual growth of the gross capital formation in Namibia stood at -5.9%.
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 139th of 167 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% | -521.8% |
| 2002 | -3.0% | -108.3% |
| 2003 | -3.7% | +24.8% |
| 2004 | 6.7% | -279.8% |
| 2005 | 4.3% | -35.3% |
| 2006 | 28.7% | +562.6% |
| 2007 | 12.5% | -56.5% |
| 2008 | 23.6% | +89.5% |
| 2009 | 0.4% | -98.4% |
| 2010 | 2.8% | +639.5% |
| 2011 | -4.5% | -259.8% |
| 2012 | 37.9% | -943.7% |
| 2013 | 6.2% | -83.6% |
| 2014 | 29.8% | +380.0% |
| 2015 | -6.5% | -121.6% |
| 2016 | -27.7% | +329.9% |
| 2017 | -10.2% | -63.1% |
| 2018 | -19.1% | +87.1% |
| 2019 | 0.9% | -104.9% |
| 2020 | -18.6% | -2083.0% |
| 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)
- Services, value added (current US$), annual growth rate 12.44 % change on previous year (2025)
- Services, value added (current US$), per unit of GDP 0.5498 current US$ per US$ of GDP (2025)
- Services, value added (current US$), per capita 2,681 current US$ per person (2025)
- Services, value added (current LCU), annual growth rate 9.74 % change on previous year (2025)
- Services, value added (current LCU), per unit of GDP 9.84 current LCU per US$ of GDP (2025)
- Services, value added (current LCU), per capita 47,958 current LCU per person (2025)
- Services, value added (constant 2015 US$), annual growth rate 4.24 % change on previous year (2025)
- Services, value added (constant 2015 US$), per unit of GDP 0.4896 constant 2015 US$ per US$ of GDP (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 World Bank – processed by Our World in Data.
- 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 139th out of 167 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 World Bank – processed by Our World in Data, published as part of Annual growth of the gross capital formation. Statizoid updates them automatically from the source API.
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About this data
Annual growth of the gross capital formation (%).