Current account balance in Namibia
Namibia: Current account balance was -1.83 billion BoP, current US$ in 2024. ◆ Volatile
Current account balance in Namibia, 1990–2024
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in BoP, current US$.
Analysis
The most recent figure for current account balance in Namibia is -1.83 billion BoP, current US$, measured in 2024.
That represents a change of up 2.8% on the previous year and down 56.0% over ten years.
Over the whole period, current account balance in Namibia peaked at 1.08 billion BoP, current US$ in 2006 and was at its lowest, -1.88 billion BoP, current US$, in 2023.
Namibia ranks 146th of 198 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 89.42 million BoP, current US$ | -27.60 million BoP, current US$ | 175.93 million BoP, current US$ | 10 |
| 2000s | 283.39 million BoP, current US$ | -316.87 million BoP, current US$ | 1.08 billion BoP, current US$ | 10 |
| 2010s | -919.56 million BoP, current US$ | -1.77 billion BoP, current US$ | -221.36 million BoP, current US$ | 10 |
| 2020s | -1.24 billion BoP, current US$ | -1.88 billion BoP, current US$ | 421.16 million BoP, current US$ | 5 |
Countries ranked near Namibia
- 143 South Africa -1.81 billion BoP, current US$ compare
- 144 Rwanda -1.81 billion BoP, current US$ compare
- 145 Belarus -1.82 billion BoP, current US$ compare
- 147 Cambodia -1.87 billion BoP, current US$ compare
- 148 Montenegro -1.88 billion BoP, current US$ compare
- 149 Croatia -1.93 billion BoP, current US$ compare
More economy & growth data for Namibia
- External balance on goods and services as a percent of GDP -19.2% (2025)
- Inflation of consumer prices 3.5% (2025)
- GDP per capita 4,019 constant 2015 US$ (2025)
- Share of manufacturing in gross domestic product (GDP) 10.0% (2025)
- Gross domestic product (GDP) 12.43 billion constant 2015 US$ (2025)
- GDP per capita in international and market dollars 4,019 constant 2015 US$ (2025)
- DEC alternative conversion factor 17.89 LCU per US$ (2025)
- Net secondary income (Net current transfers from abroad) 26.13 billion current LCU (2025)
- Net secondary income (Net current transfers from abroad) 1.46 billion current US$ (2025)
- Taxes less subsidies on products 24.49 billion current LCU (2025)
Frequently asked questions
- What is current account balance in Namibia?
- Current account balance in Namibia was -1.83 billion BoP, current US$ in 2024, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest current account balance recorded in Namibia?
- The highest recorded value was 1.08 billion BoP, current US$ in 2006.
- What is the lowest current account balance recorded in Namibia?
- The lowest recorded value was -1.88 billion BoP, current US$ in 2023.
- How does Namibia rank for current account balance?
- Namibia ranks 146th out of 198 countries with data for 2024.
- Is current account balance rising or falling in Namibia?
- Over the last ten years it is down 56.0%. The long-run trend across the full record is volatile.
- Where does this Namibia data come from?
- The figures come from Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Current account balance (BoP, current US$). Statizoid updates them automatically from the source API.
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About this data
Balance of current transactions (transactions in goods and services, earned income and transfer income) between residents and non-residents. The term current account balance is used in the external accounts and is expressed from the perspective of resident units. The term current external balance is used in the national accounts and is expressed from the perspective of the non-resident units, and therefore with the opposite sign. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.