Current account balance (BoP, current US$), annual growth rate in Namibia
Namibia: Current account balance (BoP, current US$), annual growth rate was 2.78 % change on previous year in 2024. ◆ Volatile
Current account balance (BoP, current US$), annual growth rate in Namibia, 1991–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
The most recent figure for current account balance (bop, current us$), annual growth rate in Namibia is 2.78 % change on previous year, measured in 2024.
That represents a change of up 114.5% on the previous year and up 115.3% over ten years.
Over the whole period, current account balance (bop, current us$), annual growth rate in Namibia peaked at 793.82 % change on previous year in 2000 and was at its lowest, -416.56 % change on previous year, in 2021.
Namibia ranks 96th of 198 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Current account balance (BoP, current US$), annual growth rate in Namibia, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1991 | 281.37 % change on previous year | — |
| 1992 | -52.66 % change on previous year | -118.7% |
| 1993 | 121.48 % change on previous year | -330.7% |
| 1994 | -22.56 % change on previous year | -118.6% |
| 1995 | 106.16 % change on previous year | -570.5% |
| 1996 | -34.2 % change on previous year | -132.2% |
| 1997 | -21.94 % change on previous year | -35.8% |
| 1998 | 79.1 % change on previous year | -460.5% |
| 1999 | -117.06 % change on previous year | -248.0% |
| 2000 | 793.82 % change on previous year | -778.2% |
| 2001 | -94.5 % change on previous year | -111.9% |
| 2002 | 714.57 % change on previous year | -856.2% |
| 2003 | 209.47 % change on previous year | -70.7% |
| 2004 | 67.97 % change on previous year | -67.5% |
| 2005 | -26.18 % change on previous year | -138.5% |
| 2006 | 228.69 % change on previous year | -973.5% |
| 2007 | -30.94 % change on previous year | -113.5% |
| 2008 | -101.23 % change on previous year | +227.2% |
| 2010 | -41.51 % change on previous year | -59.0% |
| 2011 | -91.26 % change on previous year | +119.9% |
| 2012 | -30.54 % change on previous year | -66.5% |
| 2013 | 11.38 % change on previous year | -137.3% |
| 2014 | -18.19 % change on previous year | -259.9% |
| 2015 | -33 % change on previous year | +81.5% |
| 2016 | -13.42 % change on previous year | -59.3% |
| 2017 | 67.77 % change on previous year | -604.9% |
| 2018 | 14.76 % change on previous year | -78.2% |
| 2019 | 54.44 % change on previous year | +268.9% |
| 2020 | 290.26 % change on previous year | +433.1% |
| 2021 | -416.56 % change on previous year | -243.5% |
| 2022 | -18.46 % change on previous year | -95.6% |
| 2023 | -19.16 % change on previous year | +3.8% |
| 2024 | 2.78 % change on previous year | -114.5% |
Namibia compared with similar countries
- Namibia's 2.78 % change on previous year is below the median for lower middle income countries, which is 19.11 % change on previous year, 15% of the median. (47 countries reporting)
- Namibia's 2.78 % change on previous year is above the median for Sub-Saharan Africa, which is -1.03 % change on previous year. (47 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 37.74 % change on previous year | -117.06 % change on previous year | 281.37 % change on previous year | 9 |
| 2000s | 195.74 % change on previous year | -101.23 % change on previous year | 793.82 % change on previous year | 9 |
| 2010s | -7.96 % change on previous year | -91.26 % change on previous year | 67.77 % change on previous year | 10 |
| 2020s | -32.23 % change on previous year | -416.56 % change on previous year | 290.26 % change on previous year | 5 |
Countries ranked near Namibia
- 93 Netherlands 3.77 % change on previous year compare
- 94 Cayman Islands 3.47 % change on previous year compare
- 95 Burundi 2.85 % change on previous year compare
- 97 Singapore 2.42 % change on previous year compare
- 98 Spain 1.97 % change on previous year compare
- 99 Guatemala 1.75 % change on previous year compare
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)
- Foreign direct investment, net outflows (BoP, current US$), gaps 44.40 million BoP, current US$ (2024)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0033 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net outflows (BoP, current US$), per capita 14.65 BoP, current US$ per person (2024)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 1.93 billion BoP, current US$ (2024)
- Foreign direct investment, net inflows (BoP, current US$), annual -15.67 % change on previous year (2024)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.1418 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net inflows (BoP, current US$), per capita 638.56 BoP, current US$ per person (2024)
- Total reserves (includes gold, current US$), annual growth rate -7.48 % change on previous year (2025)
Frequently asked questions
- What is current account balance (bop, current us$), annual growth rate in Namibia?
- Current account balance (bop, current us$), annual growth rate in Namibia was 2.78 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest current account balance (bop, current us$), annual growth rate recorded in Namibia?
- The highest recorded value was 793.82 % change on previous year in 2000.
- What is the lowest current account balance (bop, current us$), annual growth rate recorded in Namibia?
- The lowest recorded value was -416.56 % change on previous year in 2021.
- How does Namibia rank for current account balance (bop, current us$), annual growth rate?
- Namibia ranks 96th out of 198 countries with data for 2024.
- Is current account balance (bop, current us$), annual growth rate rising or falling in Namibia?
- Over the last ten years it is up 115.3%. The long-run trend across the full record is volatile.
- Where does this Namibia data come from?
- The figures come from Statizoid (derived), published as part of Current account balance (BoP, current US$), annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 33 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in Current account balance (BoP, current US$). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Current account balance Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF)
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
The year-on-year percentage change in Current account balance (BoP, current US$). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.