Gross savings (current LCU), per unit of GDP in Namibia
Namibia: Gross savings (current LCU), per unit of GDP was 1.73 current LCU per US$ of GDP in 2024. ▲ Rising
Gross savings (current LCU), per unit of GDP in Namibia, 1990–2024
Source: Statizoid (derived). Measured in current LCU per US$ of GDP.
Analysis
The most recent figure for gross savings (current lcu), per unit of gdp in Namibia is 1.73 current LCU per US$ of GDP, measured in 2024.
That represents a change of down 18.7% on the previous year and down 30.4% over ten years.
Over the whole period, gross savings (current lcu), per unit of gdp in Namibia peaked at 2.92 current LCU per US$ of GDP in 2020 and was at its lowest, 0.6624 current LCU per US$ of GDP, in 2021.
That places Namibia 97th out of 178 countries with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently rising across the 35 years of available data.
Gross savings (current LCU), per unit of GDP in Namibia, year by year
| Year | current LCU per US$ of GDP | Change |
|---|---|---|
| 1990 | 0.9784 current LCU per US$ of GDP | — |
| 1991 | 0.737 current LCU per US$ of GDP | -24.7% |
| 1992 | 0.8236 current LCU per US$ of GDP | +11.7% |
| 1993 | 0.8403 current LCU per US$ of GDP | +2.0% |
| 1994 | 1.04 current LCU per US$ of GDP | +24.2% |
| 1995 | 1.11 current LCU per US$ of GDP | +5.9% |
| 1996 | 1.2 current LCU per US$ of GDP | +8.1% |
| 1997 | 1.14 current LCU per US$ of GDP | -4.6% |
| 1998 | 1.47 current LCU per US$ of GDP | +29.0% |
| 1999 | 1.45 current LCU per US$ of GDP | -1.5% |
| 2000 | 1.92 current LCU per US$ of GDP | +32.5% |
| 2001 | 1.92 current LCU per US$ of GDP | +0.2% |
| 2002 | 2.77 current LCU per US$ of GDP | +44.0% |
| 2003 | 1.97 current LCU per US$ of GDP | -28.9% |
| 2004 | 1.96 current LCU per US$ of GDP | -0.6% |
| 2005 | 1.94 current LCU per US$ of GDP | -0.6% |
| 2006 | 2.4 current LCU per US$ of GDP | +23.5% |
| 2007 | 1.99 current LCU per US$ of GDP | -17.0% |
| 2008 | 2.2 current LCU per US$ of GDP | +10.4% |
| 2009 | 1.41 current LCU per US$ of GDP | -36.0% |
| 2010 | 1.36 current LCU per US$ of GDP | -3.4% |
| 2011 | 1.08 current LCU per US$ of GDP | -20.8% |
| 2012 | 1.23 current LCU per US$ of GDP | +13.8% |
| 2013 | 1.87 current LCU per US$ of GDP | +52.6% |
| 2014 | 2.49 current LCU per US$ of GDP | +32.9% |
| 2015 | 2.1 current LCU per US$ of GDP | -15.6% |
| 2016 | 0.8891 current LCU per US$ of GDP | -57.6% |
| 2017 | 1.75 current LCU per US$ of GDP | +96.4% |
| 2018 | 1.54 current LCU per US$ of GDP | -11.7% |
| 2019 | 1.91 current LCU per US$ of GDP | +24.0% |
| 2020 | 2.92 current LCU per US$ of GDP | +52.5% |
| 2021 | 0.6624 current LCU per US$ of GDP | -77.3% |
| 2022 | 0.8948 current LCU per US$ of GDP | +35.1% |
| 2023 | 2.13 current LCU per US$ of GDP | +138.0% |
| 2024 | 1.73 current LCU per US$ of GDP | -18.7% |
Namibia compared with similar countries
- Namibia's 1.73 current LCU per US$ of GDP is below the median for lower middle income countries, which is 10.43 current LCU per US$ of GDP, 17% of the median. (45 countries reporting)
- Namibia's 1.73 current LCU per US$ of GDP is below the median for Sub-Saharan Africa, which is 54.82 current LCU per US$ of GDP, 3% of the median. (43 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 1.08 current LCU per US$ of GDP | 0.737 current LCU per US$ of GDP | 1.47 current LCU per US$ of GDP | 10 |
| 2000s | 2.05 current LCU per US$ of GDP | 1.41 current LCU per US$ of GDP | 2.77 current LCU per US$ of GDP | 10 |
| 2010s | 1.62 current LCU per US$ of GDP | 0.8891 current LCU per US$ of GDP | 2.49 current LCU per US$ of GDP | 10 |
| 2020s | 1.67 current LCU per US$ of GDP | 0.6624 current LCU per US$ of GDP | 2.92 current LCU per US$ of GDP | 5 |
Countries ranked near Namibia
- 94 Qatar 2.09 current LCU per US$ of GDP compare
- 95 Sao Tome and Principe 2.06 current LCU per US$ of GDP compare
- 96 Ghana 1.76 current LCU per US$ of GDP compare
- 98 Maldives 1.72 current LCU per US$ of GDP compare
- 99 Faroe Islands 1.54 current LCU per US$ of GDP compare
- 100 Eritrea 1.52 current LCU per US$ of GDP 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$), annual growth rate -7.48 % change on previous year (2025)
Frequently asked questions
- What is gross savings (current lcu), per unit of gdp in Namibia?
- Gross savings (current lcu), per unit of gdp in Namibia was 1.73 current LCU per US$ of GDP in 2024, according to Statizoid (derived).
- What is the highest gross savings (current lcu), per unit of gdp recorded in Namibia?
- The highest recorded value was 2.92 current LCU per US$ of GDP in 2020.
- What is the lowest gross savings (current lcu), per unit of gdp recorded in Namibia?
- The lowest recorded value was 0.6624 current LCU per US$ of GDP in 2021.
- How does Namibia rank for gross savings (current lcu), per unit of gdp?
- Namibia ranks 97th out of 178 countries with data for 2024.
- Is gross savings (current lcu), per unit of gdp rising or falling in Namibia?
- Over the last ten years it is down 30.4%. The long-run trend across the full record is rising.
- Where does this Namibia data come from?
- The figures come from Statizoid (derived), published as part of Gross savings (current LCU), per unit of GDP. Statizoid updates them automatically from the source API.
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How this figure is calculated
Gross savings (current LCU) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Gross savings (current LCU) ÷ GDP (current US$)
Computed from
- Gross savings Country official statistics, National Statistical Offices (NSOs)
- GDP Country official statistics, National Statistical Organizations and/or Central Banks
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
Gross savings (current LCU) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.