Gross Domestic Product — Value Standard Local Currency in Namibia
Namibia: Gross Domestic Product — Value Standard Local Currency was 243,967 million SLC in 2024. ◆ Volatile
Gross Domestic Product — Value Standard Local Currency 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 in Namibia stood at 243,967 million SLC. That is the highest value across all 55 years on record.
The figure is up 7.1% on the previous year and up 80.9% over ten years.
Over the whole period, gross domestic product — value standard local currency in Namibia peaked at 243,967 million SLC in 2024 and was at its lowest, 433.52 million SLC, in 1970.
That places Namibia 134th out of 218 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 in Namibia, year by year
| Year | million SLC | Change |
|---|---|---|
| 1970 | 433.52 million SLC | — |
| 1971 | 482.09 million SLC | +11.2% |
| 1972 | 523.42 million SLC | +8.6% |
| 1973 | 595.91 million SLC | +13.9% |
| 1974 | 712.63 million SLC | +19.6% |
| 1975 | 827.17 million SLC | +16.1% |
| 1976 | 933.74 million SLC | +12.9% |
| 1977 | 1,038 million SLC | +11.2% |
| 1978 | 1,196 million SLC | +15.2% |
| 1979 | 1,431 million SLC | +19.6% |
| 1980 | 1,886 million SLC | +31.8% |
| 1981 | 1,974 million SLC | +4.7% |
| 1982 | 2,301 million SLC | +16.5% |
| 1983 | 2,560 million SLC | +11.3% |
| 1984 | 2,879 million SLC | +12.5% |
| 1985 | 3,584 million SLC | +24.5% |
| 1986 | 4,134 million SLC | +15.3% |
| 1987 | 4,683 million SLC | +13.3% |
| 1988 | 5,673 million SLC | +21.1% |
| 1989 | 6,649 million SLC | +17.2% |
| 1990 | 7,218 million SLC | +8.6% |
| 1991 | 8,275 million SLC | +14.6% |
| 1992 | 9,781 million SLC | +18.2% |
| 1993 | 10,624 million SLC | +8.6% |
| 1994 | 13,019 million SLC | +22.5% |
| 1995 | 14,430 million SLC | +10.8% |
| 1996 | 17,151 million SLC | +18.9% |
| 1997 | 19,146 million SLC | +11.6% |
| 1998 | 21,412 million SLC | +11.8% |
| 1999 | 23,635 million SLC | +10.4% |
| 2000 | 27,220 million SLC | +15.2% |
| 2001 | 30,626 million SLC | +12.5% |
| 2002 | 35,303 million SLC | +15.3% |
| 2003 | 37,267 million SLC | +5.6% |
| 2004 | 42,693 million SLC | +14.6% |
| 2005 | 46,224 million SLC | +8.3% |
| 2006 | 54,149 million SLC | +17.1% |
| 2007 | 62,358 million SLC | +15.2% |
| 2008 | 71,026 million SLC | +13.9% |
| 2009 | 76,184 million SLC | +7.3% |
| 2010 | 83,795 million SLC | +10.0% |
| 2011 | 91,421 million SLC | +9.1% |
| 2012 | 106,864 million SLC | +16.9% |
| 2013 | 117,423 million SLC | +9.9% |
| 2014 | 134,836 million SLC | +14.8% |
| 2015 | 146,019 million SLC | +8.3% |
| 2016 | 157,708 million SLC | +8.0% |
| 2017 | 171,570 million SLC | +8.8% |
| 2018 | 181,067 million SLC | +5.5% |
| 2019 | 181,211 million SLC | +0.1% |
| 2020 | 174,243 million SLC | -3.8% |
| 2021 | 183,292 million SLC | +5.2% |
| 2022 | 205,548 million SLC | +12.1% |
| 2023 | 227,831 million SLC | +10.8% |
| 2024 | 243,967 million SLC | +7.1% |
Namibia compared with similar countries
- Namibia's 243,967 million SLC is below the median for lower middle income countries, which is 1.54 million million SLC, 16% of the median. (43 countries reporting)
- Namibia's 243,967 million SLC is below the median for Sub-Saharan Africa, which is 8.81 million million SLC, 3% of the median. (45 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 817.38 million SLC | 433.52 million SLC | 1,431 million SLC | 10 |
| 1980s | 3,632 million SLC | 1,886 million SLC | 6,649 million SLC | 10 |
| 1990s | 14,469 million SLC | 7,218 million SLC | 23,635 million SLC | 10 |
| 2000s | 48,305 million SLC | 27,220 million SLC | 76,184 million SLC | 10 |
| 2010s | 137,191 million SLC | 83,795 million SLC | 181,211 million SLC | 10 |
| 2020s | 206,976 million SLC | 174,243 million SLC | 243,967 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)
- 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 — value standard local currency in Namibia?
- Gross domestic product — value standard local currency in Namibia was 243,967 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 recorded in Namibia?
- The highest recorded value was 243,967 million SLC in 2024.
- What is the lowest gross domestic product — value standard local currency recorded in Namibia?
- The lowest recorded value was 433.52 million SLC in 1970.
- How does Namibia rank for gross domestic product — value standard local currency?
- Namibia ranks 134th out of 218 countries with data for 2024.
- Is gross domestic product — value standard local currency rising or falling in Namibia?
- Over the last ten years it is up 80.9%. 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. 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).