Gross Domestic Product: Value Standard … Gross annual growth rate in Namibia
Namibia: Gross Domestic Product: Value Standard … Gross annual growth rate was 7.08 % change on previous year in 2024. ▼ Falling
Gross Domestic Product — Value Standard Local Currency, annual growth in Namibia, 1971–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
In 2024, gross domestic product — value standard local currency, annual growth in Namibia stood at 7.08 % change on previous year.
That represents a change of down 34.7% on the previous year and down 52.2% over ten years.
Over the whole period, gross domestic product — value standard local currency, annual growth in Namibia peaked at 31.81 % change on previous year in 1980 and was at its lowest, -3.85 % change on previous year, in 2020.
That places Namibia 105th out of 218 countries with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently falling across the 54 years of available data.
Gross Domestic Product: Value Standard … Gross annual growth rate in Namibia, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1971 | 11.2 % change on previous year | — |
| 1972 | 8.57 % change on previous year | -23.5% |
| 1973 | 13.85 % change on previous year | +61.6% |
| 1974 | 19.59 % change on previous year | +41.4% |
| 1975 | 16.07 % change on previous year | -17.9% |
| 1976 | 12.88 % change on previous year | -19.8% |
| 1977 | 11.18 % change on previous year | -13.2% |
| 1978 | 15.22 % change on previous year | +36.2% |
| 1979 | 19.64 % change on previous year | +29.0% |
| 1980 | 31.81 % change on previous year | +62.0% |
| 1981 | 4.67 % change on previous year | -85.3% |
| 1982 | 16.51 % change on previous year | +253.4% |
| 1983 | 11.26 % change on previous year | -31.8% |
| 1984 | 12.47 % change on previous year | +10.7% |
| 1985 | 24.51 % change on previous year | +96.6% |
| 1986 | 15.33 % change on previous year | -37.5% |
| 1987 | 13.29 % change on previous year | -13.3% |
| 1988 | 21.13 % change on previous year | +59.0% |
| 1989 | 17.21 % change on previous year | -18.5% |
| 1990 | 8.57 % change on previous year | -50.2% |
| 1991 | 14.64 % change on previous year | +70.9% |
| 1992 | 18.2 % change on previous year | +24.3% |
| 1993 | 8.62 % change on previous year | -52.6% |
| 1994 | 22.54 % change on previous year | +161.6% |
| 1995 | 10.84 % change on previous year | -51.9% |
| 1996 | 18.85 % change on previous year | +73.9% |
| 1997 | 11.63 % change on previous year | -38.3% |
| 1998 | 11.83 % change on previous year | +1.7% |
| 1999 | 10.38 % change on previous year | -12.3% |
| 2000 | 15.17 % change on previous year | +46.1% |
| 2001 | 12.51 % change on previous year | -17.5% |
| 2002 | 15.27 % change on previous year | +22.0% |
| 2003 | 5.56 % change on previous year | -63.6% |
| 2004 | 14.56 % change on previous year | +161.6% |
| 2005 | 8.27 % change on previous year | -43.2% |
| 2006 | 17.15 % change on previous year | +107.3% |
| 2007 | 15.16 % change on previous year | -11.6% |
| 2008 | 13.9 % change on previous year | -8.3% |
| 2009 | 7.26 % change on previous year | -47.8% |
| 2010 | 9.99 % change on previous year | +37.6% |
| 2011 | 9.1 % change on previous year | -8.9% |
| 2012 | 16.89 % change on previous year | +85.6% |
| 2013 | 9.88 % change on previous year | -41.5% |
| 2014 | 14.83 % change on previous year | +50.1% |
| 2015 | 8.29 % change on previous year | -44.1% |
| 2016 | 8.01 % change on previous year | -3.5% |
| 2017 | 8.79 % change on previous year | +9.8% |
| 2018 | 5.54 % change on previous year | -37.0% |
| 2019 | 0.0795 % change on previous year | -98.6% |
| 2020 | -3.85 % change on previous year | -4935.0% |
| 2021 | 5.19 % change on previous year | -235.1% |
| 2022 | 12.14 % change on previous year | +133.8% |
| 2023 | 10.84 % change on previous year | -10.7% |
| 2024 | 7.08 % change on previous year | -34.7% |
Namibia compared with similar countries
- Namibia's 7.08 % change on previous year is below the median for lower middle income countries, which is 9.89 % change on previous year, 72% of the median. (43 countries reporting)
- Namibia's 7.08 % change on previous year is below the median for Sub-Saharan Africa, which is 9.14 % change on previous year, 77% of the median. (45 countries reporting)
Biggest year-on-year movements
Years where Gross Domestic Product: Value Standard … Gross 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 |
|---|---|---|---|
| 2020 | -4935.0% | 0.0795 % change on previous year | -3.85 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 14.25 % change on previous year | 8.57 % change on previous year | 19.64 % change on previous year | 9 |
| 1980s | 16.82 % change on previous year | 4.67 % change on previous year | 31.81 % change on previous year | 10 |
| 1990s | 13.61 % change on previous year | 8.57 % change on previous year | 22.54 % change on previous year | 10 |
| 2000s | 12.48 % change on previous year | 5.56 % change on previous year | 17.15 % change on previous year | 10 |
| 2010s | 9.14 % change on previous year | 0.0795 % change on previous year | 16.89 % change on previous year | 10 |
| 2020s | 6.28 % change on previous year | -3.85 % change on previous year | 12.14 % change on previous year | 5 |
Countries ranked near Namibia
- 102 Armenia 7.13 % change on previous year compare
- 103 Montenegro 7.12 % change on previous year compare
- 104 Cyprus 7.11 % change on previous year compare
- 106 Solomon Islands 7.02 % change on previous year compare
- 107 Mozambique 7.01 % change on previous year compare
- 108 Paraguay 6.95 % change on previous year compare
More economy & growth data for Namibia
- Real gdp growth, annual growth rate -16.45 % change on previous year (2024)
- 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)
- SDRs holdings, US dollar, annual growth rate 2.35 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0153 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 74.4 units per person (2025)
- SDRs holdings, SDR, annual growth rate -2.53 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0111 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 54.32 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate -25 % change on previous year (2025)
Frequently asked questions
- What is gross domestic product — value standard local currency, annual growth in Namibia?
- Gross domestic product — value standard local currency, annual growth in Namibia was 7.08 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest gross domestic product — value standard local currency, annual growth recorded in Namibia?
- The highest recorded value was 31.81 % change on previous year in 1980.
- What is the lowest gross domestic product — value standard local currency, annual growth recorded in Namibia?
- The lowest recorded value was -3.85 % change on previous year in 2020.
- How does Namibia rank for gross domestic product — value standard local currency, annual growth?
- Namibia ranks 105th out of 218 countries with data for 2024.
- Is gross domestic product — value standard local currency, annual growth 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 Statizoid (derived), published as part of Gross Domestic Product — Value Standard Local Currency, annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 54 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 — Value Standard Local Currency. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Gross Domestic Product — Value Standard Local Currency Food and Agriculture Organization of the United Nations
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 — Value Standard Local Currency. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.