Gross domestic product (GDP) in Namibia
Namibia: Gross domestic product (GDP) was 28.74 billion international-$ in 2021 prices in 2023. ◆ Volatile
Latest (2023)
28.74 billion international-$ in 2021 prices
Change on year
up 5.3%
World rank
143rd
of 184 countries
All-time high
29.16 billion international-$ in 2021 prices
in 2015
All-time low
2.91 billion international-$ in 2021 prices
in 1960
Years of data
64
1960–2023
Gross domestic product (GDP) in Namibia, 1960–2023
Source: Feenstra et al. – Penn World Table (2025) – with major processing by Our World in Data. Measured in international-$ in 2021 prices.
Analysis
Namibia recorded 28.74 billion international-$ in 2021 prices for gross domestic product (gdp) in 2023.
Compared with earlier readings it is up 5.3% on the previous year and up 15.8% over ten years.
Over the whole period, gross domestic product (gdp) in Namibia peaked at 29.16 billion international-$ in 2021 prices in 2015 and was at its lowest, 2.91 billion international-$ in 2021 prices, in 1960.
That places Namibia 143rd out of 184 countries with data for 2023, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Gross domestic product (GDP) in Namibia, year by year
| Year | international-$ in 2021 prices | Change |
|---|---|---|
| 1960 | 2.91 billion international-$ in 2021 prices | — |
| 1961 | 2.91 billion international-$ in 2021 prices | +0.1% |
| 1962 | 3.32 billion international-$ in 2021 prices | +14.0% |
| 1963 | 3.53 billion international-$ in 2021 prices | +6.5% |
| 1964 | 4.00 billion international-$ in 2021 prices | +13.1% |
| 1965 | 4.15 billion international-$ in 2021 prices | +3.9% |
| 1966 | 4.37 billion international-$ in 2021 prices | +5.3% |
| 1967 | 4.36 billion international-$ in 2021 prices | -0.2% |
| 1968 | 4.51 billion international-$ in 2021 prices | +3.4% |
| 1969 | 4.83 billion international-$ in 2021 prices | +7.1% |
| 1970 | 5.23 billion international-$ in 2021 prices | +8.2% |
| 1971 | 5.50 billion international-$ in 2021 prices | +5.2% |
| 1972 | 5.61 billion international-$ in 2021 prices | +2.0% |
| 1973 | 5.84 billion international-$ in 2021 prices | +4.0% |
| 1974 | 6.26 billion international-$ in 2021 prices | +7.2% |
| 1975 | 6.40 billion international-$ in 2021 prices | +2.2% |
| 1976 | 6.50 billion international-$ in 2021 prices | +1.6% |
| 1977 | 6.48 billion international-$ in 2021 prices | -0.3% |
| 1978 | 6.68 billion international-$ in 2021 prices | +3.0% |
| 1979 | 6.99 billion international-$ in 2021 prices | +4.7% |
| 1980 | 7.33 billion international-$ in 2021 prices | +4.9% |
| 1981 | 7.52 billion international-$ in 2021 prices | +2.5% |
| 1982 | 7.74 billion international-$ in 2021 prices | +2.9% |
| 1983 | 7.46 billion international-$ in 2021 prices | -3.6% |
| 1984 | 7.69 billion international-$ in 2021 prices | +3.0% |
| 1985 | 7.86 billion international-$ in 2021 prices | +2.2% |
| 1986 | 8.23 billion international-$ in 2021 prices | +4.7% |
| 1987 | 8.42 billion international-$ in 2021 prices | +2.4% |
| 1988 | 8.41 billion international-$ in 2021 prices | -0.1% |
| 1989 | 8.67 billion international-$ in 2021 prices | +3.1% |
| 1990 | 8.00 billion international-$ in 2021 prices | -7.7% |
| 1991 | 8.89 billion international-$ in 2021 prices | +11.1% |
| 1992 | 9.34 billion international-$ in 2021 prices | +5.1% |
| 1993 | 9.70 billion international-$ in 2021 prices | +3.8% |
| 1994 | 9.81 billion international-$ in 2021 prices | +1.1% |
| 1995 | 10.23 billion international-$ in 2021 prices | +4.4% |
| 1996 | 10.87 billion international-$ in 2021 prices | +6.2% |
| 1997 | 11.16 billion international-$ in 2021 prices | +2.7% |
| 1998 | 11.50 billion international-$ in 2021 prices | +3.1% |
| 1999 | 11.96 billion international-$ in 2021 prices | +3.9% |
| 2000 | 12.49 billion international-$ in 2021 prices | +4.4% |
| 2001 | 12.88 billion international-$ in 2021 prices | +3.1% |
| 2002 | 13.44 billion international-$ in 2021 prices | +4.4% |
| 2003 | 13.47 billion international-$ in 2021 prices | +0.2% |
| 2004 | 14.63 billion international-$ in 2021 prices | +8.6% |
| 2005 | 15.98 billion international-$ in 2021 prices | +9.2% |
| 2006 | 17.57 billion international-$ in 2021 prices | +9.9% |
| 2007 | 18.14 billion international-$ in 2021 prices | +3.2% |
| 2008 | 20.13 billion international-$ in 2021 prices | +11.0% |
| 2009 | 19.69 billion international-$ in 2021 prices | -2.2% |
| 2010 | 21.31 billion international-$ in 2021 prices | +8.3% |
| 2011 | 23.25 billion international-$ in 2021 prices | +9.1% |
| 2012 | 25.32 billion international-$ in 2021 prices | +8.9% |
| 2013 | 24.83 billion international-$ in 2021 prices | -1.9% |
| 2014 | 29.00 billion international-$ in 2021 prices | +16.8% |
| 2015 | 29.16 billion international-$ in 2021 prices | +0.5% |
| 2016 | 28.40 billion international-$ in 2021 prices | -2.6% |
| 2017 | 27.53 billion international-$ in 2021 prices | -3.1% |
| 2018 | 26.21 billion international-$ in 2021 prices | -4.8% |
| 2019 | 25.68 billion international-$ in 2021 prices | -2.0% |
| 2020 | 24.99 billion international-$ in 2021 prices | -2.7% |
| 2021 | 26.29 billion international-$ in 2021 prices | +5.2% |
| 2022 | 27.28 billion international-$ in 2021 prices | +3.8% |
| 2023 | 28.74 billion international-$ in 2021 prices | +5.3% |
Namibia compared with similar countries
- Namibia's 28.74 billion international-$ in 2021 prices is below the median for lower middle income countries, which is 72.56 billion international-$ in 2021 prices, 40% of the median. (42 countries reporting)
- Namibia's 28.74 billion international-$ in 2021 prices is below the median for Sub-Saharan Africa, which is 45.59 billion international-$ in 2021 prices, 63% of the median. (47 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 3.89 billion international-$ in 2021 prices | 2.91 billion international-$ in 2021 prices | 4.83 billion international-$ in 2021 prices | 10 |
| 1970s | 6.15 billion international-$ in 2021 prices | 5.23 billion international-$ in 2021 prices | 6.99 billion international-$ in 2021 prices | 10 |
| 1980s | 7.93 billion international-$ in 2021 prices | 7.33 billion international-$ in 2021 prices | 8.67 billion international-$ in 2021 prices | 10 |
| 1990s | 10.15 billion international-$ in 2021 prices | 8.00 billion international-$ in 2021 prices | 11.96 billion international-$ in 2021 prices | 10 |
| 2000s | 15.84 billion international-$ in 2021 prices | 12.49 billion international-$ in 2021 prices | 20.13 billion international-$ in 2021 prices | 10 |
| 2010s | 26.07 billion international-$ in 2021 prices | 21.31 billion international-$ in 2021 prices | 29.16 billion international-$ in 2021 prices | 10 |
| 2020s | 26.83 billion international-$ in 2021 prices | 24.99 billion international-$ in 2021 prices | 28.74 billion international-$ in 2021 prices | 4 |
Countries ranked near Namibia
- 140 Yemen 33.68 billion international-$ in 2021 prices compare
- 141 Cyprus 32.69 billion international-$ in 2021 prices compare
- 142 Mauritania 29.04 billion international-$ in 2021 prices compare
- 144 Jamaica 26.85 billion international-$ in 2021 prices compare
- 145 Togo 25.83 billion international-$ in 2021 prices compare
- 146 Somalia 25.53 billion international-$ in 2021 prices 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$), annual growth rate -7.48 % change on previous year (2025)
Frequently asked questions
- What is gross domestic product (gdp) in Namibia?
- Gross domestic product (gdp) in Namibia was 28.74 billion international-$ in 2021 prices in 2023, according to Feenstra et al. – Penn World Table (2025) – with major processing by Our World in Data.
- What is the highest gross domestic product (gdp) recorded in Namibia?
- The highest recorded value was 29.16 billion international-$ in 2021 prices in 2015.
- What is the lowest gross domestic product (gdp) recorded in Namibia?
- The lowest recorded value was 2.91 billion international-$ in 2021 prices in 1960.
- How does Namibia rank for gross domestic product (gdp)?
- Namibia ranks 143rd out of 184 countries with data for 2023.
- Is gross domestic product (gdp) rising or falling in Namibia?
- Over the last ten years it is up 15.8%. The long-run trend across the full record is volatile.
- Where does this Namibia data come from?
- The figures come from Feenstra et al. – Penn World Table (2025) – with major processing by Our World in Data, published as part of Gross domestic product (GDP). Statizoid updates them automatically from the source API.
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About this data
Total economic output of a country or region per year. This data is adjusted for inflation and differences in living costs between countries.