Financial and insurance activities (banking), value added in Namibia
Namibia: Financial and insurance activities (banking), value added was 475.96 million current US$ in 2011. ◆ Volatile
Latest (2011)
475.96 million current US$
Change on year
up 13.1%
World rank
10th
of 37 countries
All-time high
475.96 million current US$
in 2011
All-time low
81.11 million current US$
in 1994
Years of data
32
1980–2011
Financial and insurance activities (banking), value added in Namibia, 1980–2011
Source: World Bank national accounts data, and OECD National Accounts data files. Measured in current US$.
Analysis
Namibia recorded 475.96 million current US$ for financial and insurance activities (banking), value added in 2011. That is the highest value across all 32 years on record.
The figure is up 13.1% on the previous year and up 362.0% over ten years.
Over the whole period, financial and insurance activities (banking), value added in Namibia peaked at 475.96 million current US$ in 2011 and was at its lowest, 81.11 million current US$, in 1994.
Namibia ranks 10th of 37 countries on this measure, in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Financial and insurance activities (banking), value added in Namibia, year by year
| Year | current US$ | Change |
|---|---|---|
| 1980 | 130.97 million current US$ | — |
| 1981 | 127.62 million current US$ | -2.6% |
| 1982 | 123.41 million current US$ | -3.3% |
| 1983 | 145.41 million current US$ | +17.8% |
| 1984 | 129.47 million current US$ | -11.0% |
| 1985 | 101.41 million current US$ | -21.7% |
| 1986 | 108.09 million current US$ | +6.6% |
| 1987 | 144.89 million current US$ | +34.0% |
| 1988 | 155.71 million current US$ | +7.5% |
| 1989 | 162.81 million current US$ | +4.6% |
| 1990 | 191.32 million current US$ | +17.5% |
| 1991 | 206.42 million current US$ | +7.9% |
| 1992 | 242.64 million current US$ | +17.5% |
| 1993 | 99.76 million current US$ | -58.9% |
| 1994 | 81.11 million current US$ | -18.7% |
| 1995 | 89.60 million current US$ | +10.5% |
| 1996 | 110.71 million current US$ | +23.6% |
| 1997 | 131.51 million current US$ | +18.8% |
| 1998 | 115.95 million current US$ | -11.8% |
| 1999 | 120.96 million current US$ | +4.3% |
| 2000 | 113.98 million current US$ | -5.8% |
| 2001 | 103.03 million current US$ | -9.6% |
| 2002 | 101.98 million current US$ | -1.0% |
| 2003 | 193.93 million current US$ | +90.2% |
| 2004 | 241.50 million current US$ | +24.5% |
| 2005 | 261.66 million current US$ | +8.3% |
| 2006 | 286.64 million current US$ | +9.5% |
| 2007 | 313.40 million current US$ | +9.3% |
| 2008 | 243.18 million current US$ | -22.4% |
| 2009 | 310.85 million current US$ | +27.8% |
| 2010 | 420.97 million current US$ | +35.4% |
| 2011 | 475.96 million current US$ | +13.1% |
Namibia compared with similar countries
- Namibia's 475.96 million current US$ is above the median for Sub-Saharan Africa, which is 97.71 million current US$, 4.9× the median. (34 countries reporting)
- Namibia's 475.96 million current US$ is above the median for lower middle income countries, which is 147.46 million current US$, 3.2× the median. (17 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 132.98 million current US$ | 101.41 million current US$ | 162.81 million current US$ | 10 |
| 1990s | 139.00 million current US$ | 81.11 million current US$ | 242.64 million current US$ | 10 |
| 2000s | 217.01 million current US$ | 101.98 million current US$ | 313.40 million current US$ | 10 |
| 2010s | 448.46 million current US$ | 420.97 million current US$ | 475.96 million current US$ | 2 |
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$), annual growth rate -7.48 % change on previous year (2025)
Frequently asked questions
- What is financial and insurance activities (banking), value added in Namibia?
- Financial and insurance activities (banking), value added in Namibia was 475.96 million current US$ in 2011, according to World Bank national accounts data, and OECD National Accounts data files.
- What is the highest financial and insurance activities (banking), value added recorded in Namibia?
- The highest recorded value was 475.96 million current US$ in 2011.
- What is the lowest financial and insurance activities (banking), value added recorded in Namibia?
- The lowest recorded value was 81.11 million current US$ in 1994.
- How does Namibia rank for financial and insurance activities (banking), value added?
- Namibia ranks 10th out of 37 countries with data for 2011.
- Is financial and insurance activities (banking), value added rising or falling in Namibia?
- Over the last ten years it is up 362.0%. The long-run trend across the full record is volatile.
- Where does this Namibia data come from?
- The figures come from World Bank national accounts data, and OECD National Accounts data files, published as part of Financial and insurance activities (banking), value added (current US$). Statizoid updates them automatically from the source API.
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About this data
Value added in banking is defined as the value of output of the banking industry less the value of intermediate consumption (intermediate inputs). Banking is a subset of services, comprising financial intermediation (ISIC 65-67). Data are in current U.S. dollars.