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.
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 77th out of 177 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 | Value | 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% |
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
- 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)
- Gross value added at basic prices (GVA) (current US$), annual growth 10.76 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current US$), per unit of GDP 0.9092 current US$ per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (current US$), per capita 4,433 current US$ per person (2025)
- Gross value added at basic prices (GVA) (current LCU), annual growth 8.1 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current LCU), per unit of GDP 16.26 current LCU per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (current LCU), per capita 79,306 current LCU per person (2025)
- Gross value added at basic prices (GVA) (constant 2015 US$), annual 1.57 % change on previous year (2025)
- Gross value added at basic prices (GVA) (constant 2015 US$), per unit 0.7491 constant 2015 US$ per US$ of GDP (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 77th out of 177 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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