External balance on goods and services in Namibia
Namibia: External balance on goods and services was -63.31 billion constant LCU in 2025. ▼ Falling
External balance on goods and services in Namibia, 2015–2025
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in constant LCU.
Analysis
The most recent figure for external balance on goods and services in Namibia is -63.31 billion constant LCU, measured in 2025.
Compared with earlier readings it is up 16.5% on the previous year and down 63.6% over ten years.
Over the whole period, external balance on goods and services in Namibia peaked at -23.45 billion constant LCU in 2020 and was at its lowest, -75.85 billion constant LCU, in 2024.
That places Namibia 107th out of 162 countries with data for 2025, putting it in the middle of the range.
The long-run direction has been consistently falling across the 11 years of available data.
External balance on goods and services in Namibia, year by year
| Year | constant LCU | Change |
|---|---|---|
| 2015 | -38.69 billion constant LCU | — |
| 2016 | -42.56 billion constant LCU | +10.0% |
| 2017 | -32.08 billion constant LCU | -24.6% |
| 2018 | -24.71 billion constant LCU | -23.0% |
| 2019 | -26.61 billion constant LCU | +7.7% |
| 2020 | -23.45 billion constant LCU | -11.9% |
| 2021 | -38.49 billion constant LCU | +64.1% |
| 2022 | -47.28 billion constant LCU | +22.9% |
| 2023 | -64.33 billion constant LCU | +36.0% |
| 2024 | -75.85 billion constant LCU | +17.9% |
| 2025 | -63.31 billion constant LCU | -16.5% |
Namibia compared with similar countries
- Namibia's -63.31 billion constant LCU is above the median for lower middle income countries, which is -66.54 billion constant LCU, 95% of the median. (39 countries reporting)
- Namibia's -63.31 billion constant LCU is above the median for Sub-Saharan Africa, which is -93.82 billion constant LCU, 67% of the median. (40 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | -32.93 billion constant LCU | -42.56 billion constant LCU | -24.71 billion constant LCU | 5 |
| 2020s | -52.12 billion constant LCU | -75.85 billion constant LCU | -23.45 billion constant LCU | 6 |
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)
- 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 external balance on goods and services in Namibia?
- External balance on goods and services in Namibia was -63.31 billion constant LCU in 2025, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest external balance on goods and services recorded in Namibia?
- The highest recorded value was -23.45 billion constant LCU in 2020.
- What is the lowest external balance on goods and services recorded in Namibia?
- The lowest recorded value was -75.85 billion constant LCU in 2024.
- How does Namibia rank for external balance on goods and services?
- Namibia ranks 107th out of 162 countries with data for 2025.
- Is external balance on goods and services rising or falling in Namibia?
- Over the last ten years it is down 63.6%. The long-run trend across the full record is falling.
- Where does this Namibia data come from?
- The figures come from Country official statistics, National Statistical Organizations and/or Central Banks, published as part of External balance on goods and services (constant LCU). Statizoid updates them automatically from the source API.
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About this data
The balance of international trade in goods and services is the difference between the exports and imports of goods and services. This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment varies by country. This series is expressed in local currency units.