Gross Domestic Product — Value US$ in Namibia
Namibia: Gross Domestic Product — Value US$ was 13,311 million USD in 2024. ◆ Volatile
Gross Domestic Product — Value US$ in Namibia, 1970–2024
Source: Food and Agriculture Organization of the United Nations. Measured in million USD.
Analysis
The most recent figure for gross domestic product — value us$ in Namibia is 13,311 million USD, measured in 2024.
The figure is up 7.8% on the previous year and up 7.0% over ten years.
Over the whole period, gross domestic product — value us$ in Namibia peaked at 13,682 million USD in 2018 and was at its lowest, 605.13 million USD, in 1970.
That places Namibia 165th out of 236 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 US$ in Namibia, year by year
| Year | million USD | Change |
|---|---|---|
| 1970 | 605.13 million USD | — |
| 1971 | 676.1 million USD | +11.7% |
| 1972 | 677.27 million USD | +0.2% |
| 1973 | 858.52 million USD | +26.8% |
| 1974 | 1,049 million USD | +22.2% |
| 1975 | 1,119 million USD | +6.7% |
| 1976 | 1,074 million USD | -4.0% |
| 1977 | 1,194 million USD | +11.2% |
| 1978 | 1,376 million USD | +15.2% |
| 1979 | 1,700 million USD | +23.5% |
| 1980 | 2,422 million USD | +42.5% |
| 1981 | 2,250 million USD | -7.1% |
| 1982 | 2,119 million USD | -5.8% |
| 1983 | 2,297 million USD | +8.4% |
| 1984 | 1,951 million USD | -15.1% |
| 1985 | 1,608 million USD | -17.6% |
| 1986 | 1,809 million USD | +12.5% |
| 1987 | 2,300 million USD | +27.1% |
| 1988 | 2,495 million USD | +8.5% |
| 1989 | 2,535 million USD | +1.6% |
| 1990 | 2,790 million USD | +10.0% |
| 1991 | 2,997 million USD | +7.4% |
| 1992 | 3,430 million USD | +14.4% |
| 1993 | 3,251 million USD | -5.2% |
| 1994 | 3,666 million USD | +12.8% |
| 1995 | 3,979 million USD | +8.5% |
| 1996 | 3,989 million USD | +0.3% |
| 1997 | 4,155 million USD | +4.2% |
| 1998 | 3,873 million USD | -6.8% |
| 1999 | 3,869 million USD | -0.1% |
| 2000 | 3,922 million USD | +1.4% |
| 2001 | 3,557 million USD | -9.3% |
| 2002 | 3,349 million USD | -5.9% |
| 2003 | 4,926 million USD | +47.1% |
| 2004 | 6,609 million USD | +34.2% |
| 2005 | 7,248 million USD | +9.7% |
| 2006 | 8,002 million USD | +10.4% |
| 2007 | 8,840 million USD | +10.5% |
| 2008 | 8,607 million USD | -2.6% |
| 2009 | 8,939 million USD | +3.9% |
| 2010 | 11,431 million USD | +27.9% |
| 2011 | 12,523 million USD | +9.6% |
| 2012 | 13,042 million USD | +4.1% |
| 2013 | 12,043 million USD | -7.7% |
| 2014 | 12,435 million USD | +3.3% |
| 2015 | 11,335 million USD | -8.8% |
| 2016 | 10,722 million USD | -5.4% |
| 2017 | 12,888 million USD | +20.2% |
| 2018 | 13,682 million USD | +6.2% |
| 2019 | 12,542 million USD | -8.3% |
| 2020 | 10,584 million USD | -15.6% |
| 2021 | 12,402 million USD | +17.2% |
| 2022 | 12,567 million USD | +1.3% |
| 2023 | 12,351 million USD | -1.7% |
| 2024 | 13,311 million USD | +7.8% |
Namibia compared with similar countries
- Namibia's 13,311 million USD is below the median for lower middle income countries, which is 26,175 million USD, 51% of the median. (44 countries reporting)
- Namibia's 13,311 million USD is below the median for Sub-Saharan Africa, which is 17,421 million USD, 76% of the median. (45 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 1,033 million USD | 605.13 million USD | 1,700 million USD | 10 |
| 1980s | 2,179 million USD | 1,608 million USD | 2,535 million USD | 10 |
| 1990s | 3,600 million USD | 2,790 million USD | 4,155 million USD | 10 |
| 2000s | 6,400 million USD | 3,349 million USD | 8,939 million USD | 10 |
| 2010s | 12,264 million USD | 10,722 million USD | 13,682 million USD | 10 |
| 2020s | 12,243 million USD | 10,584 million USD | 13,311 million USD | 5 |
Countries ranked near Namibia
- 162 Tajikistan 13,992 million USD compare
- 163 Palestine 13,364 million USD compare
- 163 Palestine 13,364 million USD compare
- 166 South Sudan 12,979 million USD compare
- 167 Equatorial Guinea 12,538 million USD compare
- 168 Somalia 12,506 million USD 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)
- 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)
- IMF holdings of currency, US dollar, per unit of GDP 0.0217 units per US$ of GDP (2025)
Frequently asked questions
- What is gross domestic product — value us$ in Namibia?
- Gross domestic product — value us$ in Namibia was 13,311 million USD in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest gross domestic product — value us$ recorded in Namibia?
- The highest recorded value was 13,682 million USD in 2018.
- What is the lowest gross domestic product — value us$ recorded in Namibia?
- The lowest recorded value was 605.13 million USD in 1970.
- How does Namibia rank for gross domestic product — value us$?
- Namibia ranks 165th out of 236 countries with data for 2024.
- Is gross domestic product — value us$ rising or falling in Namibia?
- Over the last ten years it is up 7.0%. 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 US$. 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).