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$, in 2023.
Namibia ranks 148th of 200 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Current account balance in Namibia, year by year
| Year | BoP, current US$ | Change |
|---|---|---|
| 1990 | 27.56 million BoP, current US$ | — |
| 1991 | 105.09 million BoP, current US$ | +281.4% |
| 1992 | 49.75 million BoP, current US$ | -52.7% |
| 1993 | 110.20 million BoP, current US$ | +121.5% |
| 1994 | 85.33 million BoP, current US$ | -22.6% |
| 1995 | 175.93 million BoP, current US$ | +106.2% |
| 1996 | 115.76 million BoP, current US$ | -34.2% |
| 1997 | 90.37 million BoP, current US$ | -21.9% |
| 1998 | 161.84 million BoP, current US$ | +79.1% |
| 1999 | -27.60 million BoP, current US$ | -117.1% |
| 2000 | 191.52 million BoP, current US$ | -793.8% |
| 2001 | 10.54 million BoP, current US$ | -94.5% |
| 2002 | 85.85 million BoP, current US$ | +714.6% |
| 2003 | 265.69 million BoP, current US$ | +209.5% |
| 2004 | 446.30 million BoP, current US$ | +68.0% |
| 2005 | 329.44 million BoP, current US$ | -26.2% |
| 2006 | 1.08 billion BoP, current US$ | +228.7% |
| 2007 | 747.82 million BoP, current US$ | -30.9% |
| 2008 | -9.21 million BoP, current US$ | -101.2% |
| 2009 | -316.87 million BoP, current US$ | +3338.8% |
| 2010 | -448.39 million BoP, current US$ | +41.5% |
| 2011 | -857.57 million BoP, current US$ | +91.3% |
| 2012 | -1.12 billion BoP, current US$ | +30.5% |
| 2013 | -992.09 million BoP, current US$ | -11.4% |
| 2014 | -1.17 billion BoP, current US$ | +18.2% |
| 2015 | -1.56 billion BoP, current US$ | +33.0% |
| 2016 | -1.77 billion BoP, current US$ | +13.4% |
| 2017 | -570.04 million BoP, current US$ | -67.8% |
| 2018 | -485.92 million BoP, current US$ | -14.8% |
| 2019 | -221.36 million BoP, current US$ | -54.4% |
| 2020 | 421.16 million BoP, current US$ | -290.3% |
| 2021 | -1.33 billion BoP, current US$ | -416.6% |
| 2022 | -1.58 billion BoP, current US$ | +18.5% |
| 2023 | -1.88 billion BoP, current US$ | +19.2% |
| 2024 | -1.83 billion BoP, current US$ | -2.8% |
Namibia compared with similar countries
- Namibia's -1.83 billion BoP, current US$ is below the median for lower middle income countries, which is -391.82 million BoP, current US$, 4.7× the median. (47 countries reporting)
- Namibia's -1.83 billion BoP, current US$ is below the median for Sub-Saharan Africa, which is -749.01 million BoP, current US$, 2.4× the median. (47 countries reporting)
Biggest year-on-year movements
Years where Current account balance in Namibia changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2009 | -3338.8% | -9.21 million BoP, current US$ | -316.87 million BoP, current US$ |
| 2000 | +793.8% | -27.60 million BoP, current US$ | 191.52 million BoP, current US$ |
| 2002 | +714.6% | 10.54 million BoP, current US$ | 85.85 million BoP, current US$ |
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
- 145 South Africa -1.81 billion BoP, current US$ compare
- 146 Rwanda -1.81 billion BoP, current US$ compare
- 147 Belarus -1.82 billion BoP, current US$ compare
- 149 Cambodia -1.87 billion BoP, current US$ compare
- 150 Montenegro -1.88 billion BoP, current US$ compare
- 151 Croatia -1.93 billion BoP, current US$ 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$), annual growth rate -7.48 % change on previous year (2025)
Frequently asked questions
- What is current account balance in Namibia?
- Current account balance in Namibia was -1.83 billion BoP, current US$ 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 148th out of 200 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.