Gross savings (current LCU), annual growth rate in Namibia
Namibia: Gross savings (current LCU), annual growth rate was -11.41 % change on previous year in 2024. ◆ Volatile
Gross savings (current LCU), annual growth rate in Namibia, 1991–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
Namibia recorded -11.41 % change on previous year for gross savings (current lcu), annual growth rate in 2024.
Compared with earlier readings it is down 108.3% on the previous year and down 130.7% over ten years.
Over the whole period, gross savings (current lcu), annual growth rate in Namibia peaked at 137.13 % change on previous year in 2023 and was at its lowest, -73.37 % change on previous year, in 2021.
Namibia ranks 158th of 177 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Gross savings (current LCU), annual growth rate in Namibia, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1991 | -19.09 % change on previous year | — |
| 1992 | 27.88 % change on previous year | -246.1% |
| 1993 | -3.28 % change on previous year | -111.8% |
| 1994 | 40.12 % change on previous year | -1323.8% |
| 1995 | 14.95 % change on previous year | -62.7% |
| 1996 | 8.37 % change on previous year | -44.0% |
| 1997 | -0.6304 % change on previous year | -107.5% |
| 1998 | 20.25 % change on previous year | -3311.6% |
| 1999 | -1.66 % change on previous year | -108.2% |
| 2000 | 34.29 % change on previous year | -2169.5% |
| 2001 | -9.13 % change on previous year | -126.6% |
| 2002 | 35.6 % change on previous year | -490.0% |
| 2003 | 4.62 % change on previous year | -87.0% |
| 2004 | 33.29 % change on previous year | +620.9% |
| 2005 | 9.01 % change on previous year | -72.9% |
| 2006 | 36.34 % change on previous year | +303.2% |
| 2007 | -8.3 % change on previous year | -122.8% |
| 2008 | 7.48 % change on previous year | -190.1% |
| 2009 | -33.52 % change on previous year | -548.3% |
| 2010 | 23.58 % change on previous year | -170.4% |
| 2011 | -13.24 % change on previous year | -156.1% |
| 2012 | 18.51 % change on previous year | -239.8% |
| 2013 | 40.89 % change on previous year | +120.9% |
| 2014 | 37.2 % change on previous year | -9.0% |
| 2015 | -23.1 % change on previous year | -162.1% |
| 2016 | -59.92 % change on previous year | +159.4% |
| 2017 | 136.16 % change on previous year | -327.2% |
| 2018 | -6.3 % change on previous year | -104.6% |
| 2019 | 13.64 % change on previous year | -316.4% |
| 2020 | 28.72 % change on previous year | +110.6% |
| 2021 | -73.37 % change on previous year | -355.4% |
| 2022 | 36.89 % change on previous year | -150.3% |
| 2023 | 137.13 % change on previous year | +271.7% |
| 2024 | -11.41 % change on previous year | -108.3% |
Namibia compared with similar countries
- Namibia's -11.41 % change on previous year is below the median for lower middle income countries, which is 11.63 % change on previous year. (45 countries reporting)
- Namibia's -11.41 % change on previous year is below the median for Sub-Saharan Africa, which is 12.85 % change on previous year. (43 countries reporting)
Biggest year-on-year movements
Years where Gross savings (current LCU), 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 |
|---|---|---|---|
| 1998 | +3311.6% | -0.6304 % change on previous year | 20.25 % change on previous year |
| 2000 | +2169.5% | -1.66 % change on previous year | 34.29 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 9.66 % change on previous year | -19.09 % change on previous year | 40.12 % change on previous year | 9 |
| 2000s | 10.97 % change on previous year | -33.52 % change on previous year | 36.34 % change on previous year | 10 |
| 2010s | 16.74 % change on previous year | -59.92 % change on previous year | 136.16 % change on previous year | 10 |
| 2020s | 23.59 % change on previous year | -73.37 % change on previous year | 137.13 % change on previous year | 5 |
Countries ranked near Namibia
- 155 Croatia -5.57 % change on previous year compare
- 156 Brunei -8.77 % change on previous year compare
- 157 Kiribati -9.58 % change on previous year compare
- 159 Azerbaijan -11.98 % change on previous year compare
- 160 Mongolia -12.24 % change on previous year compare
- 161 Kuwait -12.26 % change on previous year 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)
- 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 savings (current lcu), annual growth rate in Namibia?
- Gross savings (current lcu), annual growth rate in Namibia was -11.41 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest gross savings (current lcu), annual growth rate recorded in Namibia?
- The highest recorded value was 137.13 % change on previous year in 2023.
- What is the lowest gross savings (current lcu), annual growth rate recorded in Namibia?
- The lowest recorded value was -73.37 % change on previous year in 2021.
- How does Namibia rank for gross savings (current lcu), annual growth rate?
- Namibia ranks 158th out of 177 countries with data for 2024.
- Is gross savings (current lcu), annual growth rate rising or falling in Namibia?
- Over the last ten years it is down 130.7%. The long-run trend across the full record is volatile.
- Where does this Namibia data come from?
- The figures come from Statizoid (derived), published as part of Gross savings (current LCU), annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 34 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 savings (current LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Gross savings Country official statistics, National Statistical Offices (NSOs)
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 savings (current LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.