Gross Fixed Capital Formation — Value Standard Local Currency in Namibia
Namibia: Gross Fixed Capital Formation — Value Standard Local Currency was 58,023 million SLC in 2024. ◆ Volatile
Gross Fixed Capital Formation — Value Standard Local Currency in Namibia, 1970–2024
Source: Food and Agriculture Organization of the United Nations. Measured in million SLC.
Analysis
The most recent figure for gross fixed capital formation — value standard local currency in Namibia is 58,023 million SLC, measured in 2024.
The figure is down 2.9% on the previous year and up 22.5% over ten years.
Over the whole period, gross fixed capital formation — value standard local currency in Namibia peaked at 59,768 million SLC in 2023 and was at its lowest, 104.57 million SLC, in 1970.
That places Namibia 138th out of 230 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 Fixed Capital Formation — Value Standard Local Currency in Namibia, year by year
| Year | million SLC | Change |
|---|---|---|
| 1970 | 104.57 million SLC | — |
| 1971 | 116.3 million SLC | +11.2% |
| 1972 | 126.36 million SLC | +8.6% |
| 1973 | 143.6 million SLC | +13.6% |
| 1974 | 172 million SLC | +19.8% |
| 1975 | 200.07 million SLC | +16.3% |
| 1976 | 223.81 million SLC | +11.9% |
| 1977 | 251.77 million SLC | +12.5% |
| 1978 | 291.16 million SLC | +15.6% |
| 1979 | 333.65 million SLC | +14.6% |
| 1980 | 473.48 million SLC | +41.9% |
| 1981 | 485.21 million SLC | +2.5% |
| 1982 | 464.94 million SLC | -4.2% |
| 1983 | 406.79 million SLC | -12.5% |
| 1984 | 376.25 million SLC | -7.5% |
| 1985 | 439.13 million SLC | +16.7% |
| 1986 | 495.89 million SLC | +12.9% |
| 1987 | 588.99 million SLC | +18.8% |
| 1988 | 764.72 million SLC | +29.8% |
| 1989 | 979.97 million SLC | +28.1% |
| 1990 | 1,331 million SLC | +35.8% |
| 1991 | 1,143 million SLC | -14.1% |
| 1992 | 1,743 million SLC | +52.5% |
| 1993 | 1,984 million SLC | +13.8% |
| 1994 | 2,275 million SLC | +14.7% |
| 1995 | 2,841 million SLC | +24.9% |
| 1996 | 3,566 million SLC | +25.5% |
| 1997 | 3,317 million SLC | -7.0% |
| 1998 | 4,359 million SLC | +31.4% |
| 1999 | 4,801 million SLC | +10.1% |
| 2000 | 4,498 million SLC | -6.3% |
| 2001 | 6,391 million SLC | +42.1% |
| 2002 | 7,066 million SLC | +10.6% |
| 2003 | 7,121 million SLC | +0.8% |
| 2004 | 7,922 million SLC | +11.3% |
| 2005 | 8,594 million SLC | +8.5% |
| 2006 | 11,686 million SLC | +36.0% |
| 2007 | 13,554 million SLC | +16.0% |
| 2008 | 17,750 million SLC | +31.0% |
| 2009 | 21,025 million SLC | +18.4% |
| 2010 | 20,884 million SLC | -0.7% |
| 2011 | 20,453 million SLC | -2.1% |
| 2012 | 27,514 million SLC | +34.5% |
| 2013 | 36,521 million SLC | +32.7% |
| 2014 | 47,379 million SLC | +29.7% |
| 2015 | 45,248 million SLC | -4.5% |
| 2016 | 34,421 million SLC | -23.9% |
| 2017 | 30,764 million SLC | -10.6% |
| 2018 | 30,544 million SLC | -0.7% |
| 2019 | 28,542 million SLC | -6.6% |
| 2020 | 23,811 million SLC | -16.6% |
| 2021 | 29,375 million SLC | +23.4% |
| 2022 | 34,382 million SLC | +17.0% |
| 2023 | 59,768 million SLC | +73.8% |
| 2024 | 58,023 million SLC | -2.9% |
Namibia compared with similar countries
- Namibia's 58,023 million SLC is below the median for lower middle income countries, which is 367,772 million SLC, 16% of the median. (44 countries reporting)
- Namibia's 58,023 million SLC is below the median for Sub-Saharan Africa, which is 1.26 million million SLC, 5% of the median. (45 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 196.33 million SLC | 104.57 million SLC | 333.65 million SLC | 10 |
| 1980s | 547.54 million SLC | 376.25 million SLC | 979.97 million SLC | 10 |
| 1990s | 2,736 million SLC | 1,143 million SLC | 4,801 million SLC | 10 |
| 2000s | 10,561 million SLC | 4,498 million SLC | 21,025 million SLC | 10 |
| 2010s | 32,227 million SLC | 20,453 million SLC | 47,379 million SLC | 10 |
| 2020s | 41,072 million SLC | 23,811 million SLC | 59,768 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)
- 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 fixed capital formation — value standard local currency in Namibia?
- Gross fixed capital formation — value standard local currency in Namibia was 58,023 million SLC in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest gross fixed capital formation — value standard local currency recorded in Namibia?
- The highest recorded value was 59,768 million SLC in 2023.
- What is the lowest gross fixed capital formation — value standard local currency recorded in Namibia?
- The lowest recorded value was 104.57 million SLC in 1970.
- How does Namibia rank for gross fixed capital formation — value standard local currency?
- Namibia ranks 138th out of 230 countries with data for 2024.
- Is gross fixed capital formation — value standard local currency rising or falling in Namibia?
- Over the last ten years it is up 22.5%. 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 Fixed Capital Formation — Value Standard Local Currency. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 55 observations, free to reuse under CC BY-NC-SA 3.0 IGO (FAO).
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).