Gross Domestic Product — Value Standard Local Currency, 2015 prices in Namibia
Namibia: Gross Domestic Product — Value Standard Local Currency, 2015 prices was 156,977 million SLC in 2024. ◆ Volatile
Gross Domestic Product — Value Standard Local Currency, 2015 prices in Namibia, 1970–2024
Source: Food and Agriculture Organization of the United Nations. Measured in million SLC.
Analysis
In 2024, gross domestic product — value standard local currency, 2015 prices in Namibia stood at 156,977 million SLC. That is the highest value across all 55 years on record.
That represents a change of up 3.7% on the previous year and up 12.1% over ten years.
Over the whole period, gross domestic product — value standard local currency, 2015 prices in Namibia peaked at 156,977 million SLC in 2024 and was at its lowest, 31,562 million SLC, in 1970.
That places Namibia 117th out of 194 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Gross Domestic Product — Value Standard Local Currency, 2015 prices in Namibia, year by year
| Year | million SLC | Change |
|---|---|---|
| 1970 | 31,562 million SLC | — |
| 1971 | 33,218 million SLC | +5.2% |
| 1972 | 33,875 million SLC | +2.0% |
| 1973 | 35,210 million SLC | +3.9% |
| 1974 | 37,721 million SLC | +7.1% |
| 1975 | 38,568 million SLC | +2.2% |
| 1976 | 39,134 million SLC | +1.5% |
| 1977 | 39,150 million SLC | +0.0% |
| 1978 | 40,271 million SLC | +2.9% |
| 1979 | 41,800 million SLC | +3.8% |
| 1980 | 44,800 million SLC | +7.2% |
| 1981 | 45,235 million SLC | +1.0% |
| 1982 | 45,055 million SLC | -0.4% |
| 1983 | 44,234 million SLC | -1.8% |
| 1984 | 44,129 million SLC | -0.2% |
| 1985 | 44,334 million SLC | +0.5% |
| 1986 | 46,447 million SLC | +4.8% |
| 1987 | 48,098 million SLC | +3.6% |
| 1988 | 48,489 million SLC | +0.8% |
| 1989 | 49,390 million SLC | +1.9% |
| 1990 | 50,401 million SLC | +2.0% |
| 1991 | 54,517 million SLC | +8.2% |
| 1992 | 58,436 million SLC | +7.2% |
| 1993 | 57,513 million SLC | -1.6% |
| 1994 | 58,508 million SLC | +1.7% |
| 1995 | 60,789 million SLC | +3.9% |
| 1996 | 62,729 million SLC | +3.2% |
| 1997 | 65,377 million SLC | +4.2% |
| 1998 | 67,529 million SLC | +3.3% |
| 1999 | 69,804 million SLC | +3.4% |
| 2000 | 72,242 million SLC | +3.5% |
| 2001 | 73,092 million SLC | +1.2% |
| 2002 | 76,593 million SLC | +4.8% |
| 2003 | 79,840 million SLC | +4.2% |
| 2004 | 89,636 million SLC | +12.3% |
| 2005 | 91,903 million SLC | +2.5% |
| 2006 | 98,404 million SLC | +7.1% |
| 2007 | 103,692 million SLC | +5.4% |
| 2008 | 106,439 million SLC | +2.6% |
| 2009 | 106,754 million SLC | +0.3% |
| 2010 | 113,202 million SLC | +6.0% |
| 2011 | 118,965 million SLC | +5.1% |
| 2012 | 124,987 million SLC | +5.1% |
| 2013 | 132,004 million SLC | +5.6% |
| 2014 | 140,047 million SLC | +6.1% |
| 2015 | 146,019 million SLC | +4.3% |
| 2016 | 146,068 million SLC | +0.0% |
| 2017 | 144,568 million SLC | -1.0% |
| 2018 | 146,100 million SLC | +1.1% |
| 2019 | 144,874 million SLC | -0.8% |
| 2020 | 133,137 million SLC | -8.1% |
| 2021 | 137,935 million SLC | +3.6% |
| 2022 | 145,314 million SLC | +5.3% |
| 2023 | 151,359 million SLC | +4.2% |
| 2024 | 156,977 million SLC | +3.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 37,051 million SLC | 31,562 million SLC | 41,800 million SLC | 10 |
| 1980s | 46,021 million SLC | 44,129 million SLC | 49,390 million SLC | 10 |
| 1990s | 60,560 million SLC | 50,401 million SLC | 69,804 million SLC | 10 |
| 2000s | 89,859 million SLC | 72,242 million SLC | 106,754 million SLC | 10 |
| 2010s | 135,683 million SLC | 113,202 million SLC | 146,100 million SLC | 10 |
| 2020s | 144,944 million SLC | 133,137 million SLC | 156,977 million SLC | 5 |
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)
- Services, value added (constant LCU), per capita 30,755 constant LCU per person (2025)
- GDP deflator (base year varies by country), annual growth rate 6.06 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current US$), annual growth 10.76 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current US$), per unit of GDP 0.9092 current US$ per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (current US$), per capita 4,433 current US$ per person (2025)
- Gross value added at basic prices (GVA) (current LCU), annual growth 8.1 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current LCU), per unit of GDP 16.26 current LCU per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (current LCU), per capita 79,306 current LCU per person (2025)
Frequently asked questions
- What is gross domestic product — value standard local currency, 2015 prices in Namibia?
- Gross domestic product — value standard local currency, 2015 prices in Namibia was 156,977 million SLC in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest gross domestic product — value standard local currency, 2015 prices recorded in Namibia?
- The highest recorded value was 156,977 million SLC in 2024.
- What is the lowest gross domestic product — value standard local currency, 2015 prices recorded in Namibia?
- The lowest recorded value was 31,562 million SLC in 1970.
- How does Namibia rank for gross domestic product — value standard local currency, 2015 prices?
- Namibia ranks 117th out of 194 countries with data for 2024.
- Is gross domestic product — value standard local currency, 2015 prices rising or falling in Namibia?
- Over the last ten years it is up 12.1%. The long-run trend across the full record is volatile.
- 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 — Value Standard Local Currency, 2015 prices. Statizoid updates them automatically from the source API.
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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).