Gross savings (current LCU) in Namibia
Namibia: Gross savings (current LCU) was 23.63 billion current LCU in 2024. ◆ Volatile
Gross savings in Namibia, 1990–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in current LCU.
Analysis
In 2024, gross savings in Namibia stood at 23.63 billion current LCU.
Compared with earlier readings it is down 11.4% on the previous year and down 23.6% over ten years.
Over the whole period, gross savings in Namibia peaked at 30.93 billion current LCU in 2014 and was at its lowest, 2.21 billion current LCU, in 1991.
Namibia ranks 128th of 178 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Gross savings (current LCU) in Namibia, year by year
| Year | current LCU | Change |
|---|---|---|
| 1990 | 2.73 billion current LCU | — |
| 1991 | 2.21 billion current LCU | -19.1% |
| 1992 | 2.82 billion current LCU | +27.9% |
| 1993 | 2.73 billion current LCU | -3.3% |
| 1994 | 3.83 billion current LCU | +40.1% |
| 1995 | 4.40 billion current LCU | +15.0% |
| 1996 | 4.77 billion current LCU | +8.4% |
| 1997 | 4.74 billion current LCU | -0.6% |
| 1998 | 5.70 billion current LCU | +20.2% |
| 1999 | 5.60 billion current LCU | -1.7% |
| 2000 | 7.52 billion current LCU | +34.3% |
| 2001 | 6.84 billion current LCU | -9.1% |
| 2002 | 9.27 billion current LCU | +35.6% |
| 2003 | 9.70 billion current LCU | +4.6% |
| 2004 | 12.93 billion current LCU | +33.3% |
| 2005 | 14.10 billion current LCU | +9.0% |
| 2006 | 19.22 billion current LCU | +36.3% |
| 2007 | 17.62 billion current LCU | -8.3% |
| 2008 | 18.94 billion current LCU | +7.5% |
| 2009 | 12.59 billion current LCU | -33.5% |
| 2010 | 15.56 billion current LCU | +23.6% |
| 2011 | 13.50 billion current LCU | -13.2% |
| 2012 | 16.00 billion current LCU | +18.5% |
| 2013 | 22.54 billion current LCU | +40.9% |
| 2014 | 30.93 billion current LCU | +37.2% |
| 2015 | 23.79 billion current LCU | -23.1% |
| 2016 | 9.53 billion current LCU | -59.9% |
| 2017 | 22.51 billion current LCU | +136.2% |
| 2018 | 21.09 billion current LCU | -6.3% |
| 2019 | 23.97 billion current LCU | +13.6% |
| 2020 | 30.85 billion current LCU | +28.7% |
| 2021 | 8.22 billion current LCU | -73.4% |
| 2022 | 11.25 billion current LCU | +36.9% |
| 2023 | 26.67 billion current LCU | +137.1% |
| 2024 | 23.63 billion current LCU | -11.4% |
Namibia compared with similar countries
- Namibia's 23.63 billion current LCU is below the median for lower middle income countries, which is 212.91 billion current LCU, 11% of the median. (45 countries reporting)
- Namibia's 23.63 billion current LCU is below the median for Sub-Saharan Africa, which is 841.37 billion current LCU, 3% of the median. (43 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 3.95 billion current LCU | 2.21 billion current LCU | 5.70 billion current LCU | 10 |
| 2000s | 12.87 billion current LCU | 6.84 billion current LCU | 19.22 billion current LCU | 10 |
| 2010s | 19.94 billion current LCU | 9.53 billion current LCU | 30.93 billion current LCU | 10 |
| 2020s | 20.12 billion current LCU | 8.22 billion current LCU | 30.85 billion current LCU | 5 |
Countries ranked near Namibia
More economy & growth data for Namibia
- Real gdp growth, annual growth rate -16.45 % change on previous year (2024)
- 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)
Frequently asked questions
- What is gross savings in Namibia?
- Gross savings in Namibia was 23.63 billion current LCU in 2024, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest gross savings recorded in Namibia?
- The highest recorded value was 30.93 billion current LCU in 2014.
- What is the lowest gross savings recorded in Namibia?
- The lowest recorded value was 2.21 billion current LCU in 1991.
- How does Namibia rank for gross savings?
- Namibia ranks 128th out of 178 countries with data for 2024.
- Is gross savings rising or falling in Namibia?
- Over the last ten years it is down 23.6%. The long-run trend across the full record is volatile.
- Where does this Namibia data come from?
- The figures come from Country official statistics, National Statistical Offices (NSOs), published as part of Gross savings (current LCU). Statizoid updates them automatically from the source API.
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About this data
Savings is an amount that represents the part of disposable income (adjusted for the change in pension entitlements) that is not spent on final consumption. Gross savings are calculated as gross national income less total consumption, plus net transfers. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.