Gross domestic product (GDP), annual growth rate in Namibia
Namibia: Gross domestic product (GDP), annual growth rate was 5.33 % change on previous year in 2023. ◆ Volatile
Latest (2023)
5.33 % change on previous year
Change on year
up 41.5%
World rank
45th
of 184 countries
All-time high
16.81 % change on previous year
in 2014
All-time low
-7.72 % change on previous year
in 1990
Years of data
63
1961–2023
Gross domestic product (GDP), annual growth rate in Namibia, 1961–2023
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
The most recent figure for gross domestic product (gdp), annual growth rate in Namibia is 5.33 % change on previous year, measured in 2023.
The figure is up 41.5% on the previous year and up 374.9% over ten years.
Over the whole period, gross domestic product (gdp), annual growth rate in Namibia peaked at 16.81 % change on previous year in 2014 and was at its lowest, -7.72 % change on previous year, in 1990.
Namibia ranks 45th of 184 countries on this measure, in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Gross domestic product (GDP), annual growth rate in Namibia, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1961 | 0.0712 % change on previous year | — |
| 1962 | 13.96 % change on previous year | +19518.4% |
| 1963 | 6.55 % change on previous year | -53.1% |
| 1964 | 13.08 % change on previous year | +99.7% |
| 1965 | 3.88 % change on previous year | -70.3% |
| 1966 | 5.28 % change on previous year | +35.9% |
| 1967 | -0.1723 % change on previous year | -103.3% |
| 1968 | 3.38 % change on previous year | -2060.6% |
| 1969 | 7.09 % change on previous year | +110.0% |
| 1970 | 8.24 % change on previous year | +16.1% |
| 1971 | 5.24 % change on previous year | -36.4% |
| 1972 | 1.96 % change on previous year | -62.6% |
| 1973 | 4.02 % change on previous year | +105.0% |
| 1974 | 7.18 % change on previous year | +78.9% |
| 1975 | 2.24 % change on previous year | -68.9% |
| 1976 | 1.64 % change on previous year | -26.6% |
| 1977 | -0.2895 % change on previous year | -117.6% |
| 1978 | 3 % change on previous year | -1137.8% |
| 1979 | 4.73 % change on previous year | +57.4% |
| 1980 | 4.86 % change on previous year | +2.8% |
| 1981 | 2.54 % change on previous year | -47.8% |
| 1982 | 2.91 % change on previous year | +14.5% |
| 1983 | -3.59 % change on previous year | -223.7% |
| 1984 | 3.04 % change on previous year | -184.7% |
| 1985 | 2.24 % change on previous year | -26.4% |
| 1986 | 4.73 % change on previous year | +111.3% |
| 1987 | 2.36 % change on previous year | -50.1% |
| 1988 | -0.1215 % change on previous year | -105.2% |
| 1989 | 3.09 % change on previous year | -2647.2% |
| 1990 | -7.72 % change on previous year | -349.6% |
| 1991 | 11.07 % change on previous year | -243.4% |
| 1992 | 5.05 % change on previous year | -54.4% |
| 1993 | 3.84 % change on previous year | -23.9% |
| 1994 | 1.14 % change on previous year | -70.5% |
| 1995 | 4.36 % change on previous year | +283.8% |
| 1996 | 6.2 % change on previous year | +42.3% |
| 1997 | 2.66 % change on previous year | -57.1% |
| 1998 | 3.1 % change on previous year | +16.7% |
| 1999 | 3.93 % change on previous year | +26.6% |
| 2000 | 4.43 % change on previous year | +12.9% |
| 2001 | 3.14 % change on previous year | -29.2% |
| 2002 | 4.39 % change on previous year | +39.8% |
| 2003 | 0.183 % change on previous year | -95.8% |
| 2004 | 8.64 % change on previous year | +4621.9% |
| 2005 | 9.25 % change on previous year | +7.0% |
| 2006 | 9.95 % change on previous year | +7.6% |
| 2007 | 3.2 % change on previous year | -67.8% |
| 2008 | 10.98 % change on previous year | +243.0% |
| 2009 | -2.19 % change on previous year | -120.0% |
| 2010 | 8.25 % change on previous year | -476.3% |
| 2011 | 9.08 % change on previous year | +9.9% |
| 2012 | 8.9 % change on previous year | -1.9% |
| 2013 | -1.94 % change on previous year | -121.8% |
| 2014 | 16.81 % change on previous year | -967.4% |
| 2015 | 0.5455 % change on previous year | -96.8% |
| 2016 | -2.59 % change on previous year | -574.5% |
| 2017 | -3.07 % change on previous year | +18.7% |
| 2018 | -4.77 % change on previous year | +55.3% |
| 2019 | -2.05 % change on previous year | -57.1% |
| 2020 | -2.68 % change on previous year | +30.9% |
| 2021 | 5.21 % change on previous year | -294.8% |
| 2022 | 3.76 % change on previous year | -27.8% |
| 2023 | 5.33 % change on previous year | +41.5% |
Biggest year-on-year movements
Years where Gross domestic product (GDP), annual growth rate 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 |
|---|---|---|---|
| 1962 | +19518.4% | 0.0712 % change on previous year | 13.96 % change on previous year |
| 2004 | +4621.9% | 0.183 % change on previous year | 8.64 % change on previous year |
| 1989 | +2647.2% | -0.1215 % change on previous year | 3.09 % change on previous year |
| 1968 | +2060.6% | -0.1723 % change on previous year | 3.38 % change on previous year |
| 1978 | +1137.8% | -0.2895 % change on previous year | 3 % change on previous year |
| 2014 | +967.4% | -1.94 % change on previous year | 16.81 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 5.9 % change on previous year | -0.1723 % change on previous year | 13.96 % change on previous year | 9 |
| 1970s | 3.8 % change on previous year | -0.2895 % change on previous year | 8.24 % change on previous year | 10 |
| 1980s | 2.21 % change on previous year | -3.59 % change on previous year | 4.86 % change on previous year | 10 |
| 1990s | 3.36 % change on previous year | -7.72 % change on previous year | 11.07 % change on previous year | 10 |
| 2000s | 5.2 % change on previous year | -2.19 % change on previous year | 10.98 % change on previous year | 10 |
| 2010s | 2.92 % change on previous year | -4.77 % change on previous year | 16.81 % change on previous year | 10 |
| 2020s | 2.91 % change on previous year | -2.68 % change on previous year | 5.33 % change on previous year | 4 |
Countries ranked near Namibia
- 42 Togo 5.43 % change on previous year compare
- 43 Tanzania 5.43 % change on previous year compare
- 44 Philippines 5.41 % change on previous year compare
- 46 Russia 5.32 % change on previous year compare
- 47 Nicaragua 5.26 % change on previous year compare
- 48 Uzbekistan 5.18 % change on previous year 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), annual growth rate in Namibia?
- Gross domestic product (gdp), annual growth rate in Namibia was 5.33 % change on previous year in 2023, according to Statizoid (derived).
- What is the highest gross domestic product (gdp), annual growth rate recorded in Namibia?
- The highest recorded value was 16.81 % change on previous year in 2014.
- What is the lowest gross domestic product (gdp), annual growth rate recorded in Namibia?
- The lowest recorded value was -7.72 % change on previous year in 1990.
- How does Namibia rank for gross domestic product (gdp), annual growth rate?
- Namibia ranks 45th out of 184 countries with data for 2023.
- Is gross domestic product (gdp), annual growth rate rising or falling in Namibia?
- Over the last ten years it is up 374.9%. The long-run trend across the full record is volatile.
- Where does this Namibia data come from?
- The figures come from Statizoid (derived), published as part of Gross domestic product (GDP), annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 63 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in Gross domestic product (GDP). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Gross domestic product (GDP) Feenstra et al. – Penn World Table (2025) – with major processing by Our World in Data
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
The year-on-year percentage change in Gross domestic product (GDP). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.