Gross Domestic Product — Annual growth Standard Local Currency in Namibia
Namibia: Gross Domestic Product — Annual growth Standard Local Currency was 7.08 % in 2024. ▼ Falling
Gross Domestic Product — Annual growth Standard Local Currency in Namibia, 1971–2024
Source: Food and Agriculture Organization of the United Nations. Measured in %.
Analysis
Namibia recorded 7.08 % for gross domestic product — annual growth standard local currency in 2024.
The figure is down 34.7% on the previous year and down 52.2% over ten years.
Over the whole period, gross domestic product — annual growth standard local currency in Namibia peaked at 31.81 % in 1980 and was at its lowest, -3.85 %, in 2020.
Namibia ranks 94th of 202 countries on this measure, in the middle of the range.
The long-run direction has been consistently falling across the 54 years of available data.
Gross Domestic Product — Annual growth Standard Local Currency in Namibia, year by year
| Year | % | Change |
|---|---|---|
| 1971 | 11.2 % | — |
| 1972 | 8.57 % | -23.5% |
| 1973 | 13.85 % | +61.6% |
| 1974 | 19.59 % | +41.4% |
| 1975 | 16.07 % | -17.9% |
| 1976 | 12.88 % | -19.8% |
| 1977 | 11.18 % | -13.2% |
| 1978 | 15.22 % | +36.2% |
| 1979 | 19.64 % | +29.0% |
| 1980 | 31.81 % | +62.0% |
| 1981 | 4.67 % | -85.3% |
| 1982 | 16.51 % | +253.4% |
| 1983 | 11.26 % | -31.8% |
| 1984 | 12.47 % | +10.7% |
| 1985 | 24.51 % | +96.6% |
| 1986 | 15.33 % | -37.5% |
| 1987 | 13.29 % | -13.3% |
| 1988 | 21.13 % | +59.0% |
| 1989 | 17.21 % | -18.5% |
| 1990 | 8.57 % | -50.2% |
| 1991 | 14.64 % | +70.9% |
| 1992 | 18.2 % | +24.3% |
| 1993 | 8.62 % | -52.6% |
| 1994 | 22.54 % | +161.6% |
| 1995 | 10.84 % | -51.9% |
| 1996 | 18.85 % | +73.9% |
| 1997 | 11.63 % | -38.3% |
| 1998 | 11.83 % | +1.7% |
| 1999 | 10.38 % | -12.3% |
| 2000 | 15.17 % | +46.1% |
| 2001 | 12.51 % | -17.5% |
| 2002 | 15.27 % | +22.0% |
| 2003 | 5.56 % | -63.6% |
| 2004 | 14.56 % | +161.6% |
| 2005 | 8.27 % | -43.2% |
| 2006 | 17.15 % | +107.3% |
| 2007 | 15.16 % | -11.6% |
| 2008 | 13.9 % | -8.3% |
| 2009 | 7.26 % | -47.8% |
| 2010 | 9.99 % | +37.6% |
| 2011 | 9.1 % | -8.9% |
| 2012 | 16.89 % | +85.6% |
| 2013 | 9.88 % | -41.5% |
| 2014 | 14.83 % | +50.1% |
| 2015 | 8.29 % | -44.1% |
| 2016 | 8.01 % | -3.5% |
| 2017 | 8.79 % | +9.8% |
| 2018 | 5.54 % | -37.0% |
| 2019 | 0.0794 % | -98.6% |
| 2020 | -3.85 % | -4943.3% |
| 2021 | 5.19 % | -235.1% |
| 2022 | 12.14 % | +133.8% |
| 2023 | 10.84 % | -10.7% |
| 2024 | 7.08 % | -34.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 14.25 % | 8.57 % | 19.64 % | 9 |
| 1980s | 16.82 % | 4.67 % | 31.81 % | 10 |
| 1990s | 13.61 % | 8.57 % | 22.54 % | 10 |
| 2000s | 12.48 % | 5.56 % | 17.15 % | 10 |
| 2010s | 9.14 % | 0.0794 % | 16.89 % | 10 |
| 2020s | 6.28 % | -3.85 % | 12.14 % | 5 |
Countries ranked near Namibia
- 91 Armenia 7.13 % compare
- 92 Montenegro 7.12 % compare
- 93 Cyprus 7.11 % compare
- 95 Solomon Islands 7.02 % compare
- 96 Mozambique 7.01 % compare
- 97 Paraguay 6.95 % 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)
- Manufacturing, value added (constant LCU), per capita 5,174 constant LCU per person (2025)
- Industry (including construction), value added (current US$), annual 8.37 % change on previous year (2025)
- Industry (including construction), value added (current US$), per 0.2895 current US$ per US$ of GDP (2025)
- Industry (including construction), value added (current US$), per 1,412 current US$ per person (2025)
- Industry (including construction), value added (current LCU), annual 5.77 % change on previous year (2025)
- Industry (including construction), value added (current LCU), per 5.18 current LCU per US$ of GDP (2025)
- Industry (including construction), value added (current LCU), per 25,251 current LCU per person (2025)
- Industry (including construction), value added (constant 2015 US$) -3.07 % change on previous year (2025)
Frequently asked questions
- What is gross domestic product — annual growth standard local currency in Namibia?
- Gross domestic product — annual growth standard local currency in Namibia was 7.08 % in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest gross domestic product — annual growth standard local currency recorded in Namibia?
- The highest recorded value was 31.81 % in 1980.
- What is the lowest gross domestic product — annual growth standard local currency recorded in Namibia?
- The lowest recorded value was -3.85 % in 2020.
- How does Namibia rank for gross domestic product — annual growth standard local currency?
- Namibia ranks 94th out of 202 countries with data for 2024.
- Is gross domestic product — annual growth standard local currency rising or falling in Namibia?
- Over the last ten years it is down 52.2%. The long-run trend across the full record is falling.
- Where does this Namibia data come from?
- The figures come from Food and Agriculture Organization of the United Nations, published as part of Gross Domestic Product — Annual growth Standard Local Currency. Statizoid updates them automatically from the source API.
Download this data
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About this data
The FAOSTAT Macro Indicators database provides a selection of country-level macro indicators relating to total economy (Gross Domestic Product, Gross Fixed Capital Formation); agriculture activity; agriculture, forestry and fishing activity; total manufacturing activity; manufacturing of food products and beverages activity; manufacturing activity of tobacco products; and manufacturing activity of food, beverage and tobacco products.It releases time series for a selection of National Accounts variables, including gross domestic product, gross fixed capital formation, industry-level value added and gross output. The database also proposes additional indicators such as gross domestic product per capita, year-on-year growth rates and measures of industry contribution to gross domestic product. All data relating to Gross Domestic Product, Gross Fixed Capital Formation, agriculture, forestry and fishing activity, and to total manufacturing activity originates from the United Nations Statistics Division (UNSD) National Accounts Estimates of Main Aggregates database, which consists of a complete and consistent set of time series of the main National Accounts aggregates of all UN Members States and other territories in the world for which National Accounts information is available. The UNSD database's content is based on the countries' official National Accounts data reported to UNSD through the annual National Accounts Questionnaire, supplemented with data estimates for any years and countries with incomplete or inconsistent information (See http://unstats.un.org/unsd/snaama/Introduction.asp). Data series relating to the sub-industry Agriculture activity are obtained from the UNSD national accounts Official Country Data databases while series on the Manufacturing activity of food and beverages products, manufacturing activity of tobacco products and manufacturing activity of food, beverages and tobacco products originates from the United Nations Industrial Development Organization (UNIDO) INDSTAT2 database. In order to ensure that sub-industry series are consistent in levels with National Accounts based series, which is needed to support comparability across industries (agriculture vs. agro-industry and sub-industries), UNIDO originating series are rescaled on UNSD National Accounts Estimates of Main Aggregates data series (See Section 17.5 for a more detailed description of the data processing steps).