Current account balance as a proportion of GDP (%) in Namibia
Namibia: Current account balance as a proportion of GDP (%) was -0.0% in 2024. ◆ Volatile
Current account balance as a proportion of GDP in Namibia, 2000–2024
Source: United Nations Statistics Division, SDG Global Database. Measured in %.
Analysis
In 2024, current account balance as a proportion of gdp in Namibia stood at -0.0%.
Compared with earlier readings it is up 6.5% on the previous year and down 50.2% over ten years.
Over the whole period, current account balance as a proportion of gdp in Namibia peaked at 13.5% in 2006 and was at its lowest, -8.6%, in 2012.
That places Namibia 87th out of 205 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Current account balance as a proportion of GDP (%) in Namibia, year by year
| Year | % | Change |
|---|---|---|
| 2000 | 4.9% | — |
| 2001 | 0.3% | -93.9% |
| 2002 | 2.6% | +765.2% |
| 2003 | 5.4% | +110.4% |
| 2004 | 6.8% | +25.2% |
| 2005 | 4.5% | -32.7% |
| 2006 | 13.5% | +197.7% |
| 2007 | 8.5% | -37.5% |
| 2008 | -0.1% | -101.3% |
| 2009 | -3.5% | +3211.3% |
| 2010 | -3.9% | +10.7% |
| 2011 | -6.8% | +74.6% |
| 2012 | -8.6% | +25.3% |
| 2013 | -1.5% | -83.0% |
| 2014 | -0.0% | -99.4% |
| 2015 | -0.0% | +45.9% |
| 2016 | -0.0% | +19.9% |
| 2017 | -0.1% | +732.8% |
| 2018 | -0.0% | -97.4% |
| 2019 | -0.1% | +3200.7% |
| 2020 | 3.9% | -3437.7% |
| 2021 | -0.0% | -100.3% |
| 2022 | -0.0% | +16.7% |
| 2023 | -0.0% | +20.4% |
| 2024 | -0.0% | -6.5% |
Namibia compared with similar countries
- Namibia's -0.0% is above the median for lower middle income countries, which is -0.8%, 2% of the median. (43 countries reporting)
- Namibia's -0.0% is above the median for Sub-Saharan Africa, which is -4.1%, 0% of the median. (40 countries reporting)
Biggest year-on-year movements
Years where Current account balance as a proportion of GDP (%) 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 | +3437.7% | -0.1% | 3.9% |
| 2009 | -3211.3% | -0.1% | -3.5% |
| 2019 | -3200.7% | -0.0% | -0.1% |
| 2002 | +765.2% | 0.3% | 2.6% |
| 2017 | -732.8% | -0.0% | -0.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 4.3% | -3.5% | 13.5% | 10 |
| 2010s | -2.1% | -8.6% | -0.0% | 10 |
| 2020s | 0.8% | -0.0% | 3.9% | 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 current account balance as a proportion of gdp in Namibia?
- Current account balance as a proportion of gdp in Namibia was -0.0% in 2024, according to United Nations Statistics Division, SDG Global Database.
- What is the highest current account balance as a proportion of gdp recorded in Namibia?
- The highest recorded value was 13.5% in 2006.
- What is the lowest current account balance as a proportion of gdp recorded in Namibia?
- The lowest recorded value was -8.6% in 2012.
- How does Namibia rank for current account balance as a proportion of gdp?
- Namibia ranks 87th out of 205 countries with data for 2024.
- Is current account balance as a proportion of gdp rising or falling in Namibia?
- Over the last ten years it is down 50.2%. 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 Current account balance as a proportion of GDP (%). Statizoid updates them automatically from the source API.
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