Gross savings (current US$) in Namibia
Namibia: Gross savings (current US$) was 1.29 billion current US$ in 2024. ▲ Rising
Gross savings in Namibia, 1990–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in current US$.
Analysis
Namibia recorded 1.29 billion current US$ for gross savings in 2024.
That represents a change of down 10.8% on the previous year and down 54.8% over ten years.
Over the whole period, gross savings in Namibia peaked at 2.85 billion current US$ in 2014 and was at its lowest, 555.92 million current US$, in 2021.
Namibia ranks 140th of 178 countries on this measure, in the bottom quarter.
The long-run direction has been consistently rising across the 35 years of available data.
Gross savings (current US$) in Namibia, year by year
| Year | current US$ | Change |
|---|---|---|
| 1990 | 1.06 billion current US$ | — |
| 1991 | 799.88 million current US$ | -24.2% |
| 1992 | 990.36 million current US$ | +23.8% |
| 1993 | 836.03 million current US$ | -15.6% |
| 1994 | 1.08 billion current US$ | +28.9% |
| 1995 | 1.21 billion current US$ | +12.5% |
| 1996 | 1.11 billion current US$ | -8.6% |
| 1997 | 1.03 billion current US$ | -7.3% |
| 1998 | 1.03 billion current US$ | +0.2% |
| 1999 | 917.17 million current US$ | -11.0% |
| 2000 | 1.08 billion current US$ | +18.2% |
| 2001 | 794.27 million current US$ | -26.7% |
| 2002 | 879.66 million current US$ | +10.8% |
| 2003 | 1.28 billion current US$ | +45.8% |
| 2004 | 2.00 billion current US$ | +56.1% |
| 2005 | 2.21 billion current US$ | +10.4% |
| 2006 | 2.84 billion current US$ | +28.5% |
| 2007 | 2.50 billion current US$ | -12.0% |
| 2008 | 2.30 billion current US$ | -8.1% |
| 2009 | 1.48 billion current US$ | -35.6% |
| 2010 | 2.12 billion current US$ | +43.7% |
| 2011 | 1.85 billion current US$ | -12.9% |
| 2012 | 1.95 billion current US$ | +5.6% |
| 2013 | 2.31 billion current US$ | +18.4% |
| 2014 | 2.85 billion current US$ | +23.4% |
| 2015 | 1.85 billion current US$ | -35.3% |
| 2016 | 648.09 million current US$ | -64.9% |
| 2017 | 1.69 billion current US$ | +161.1% |
| 2018 | 1.59 billion current US$ | -5.8% |
| 2019 | 1.66 billion current US$ | +4.1% |
| 2020 | 1.87 billion current US$ | +13.0% |
| 2021 | 555.92 million current US$ | -70.3% |
| 2022 | 687.63 million current US$ | +23.7% |
| 2023 | 1.45 billion current US$ | +110.3% |
| 2024 | 1.29 billion current US$ | -10.8% |
Namibia compared with similar countries
- Namibia's 1.29 billion current US$ is below the median for lower middle income countries, which is 4.69 billion current US$, 27% of the median. (45 countries reporting)
- Namibia's 1.29 billion current US$ is below the median for Sub-Saharan Africa, which is 3.44 billion current US$, 37% of the median. (43 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 1.01 billion current US$ | 799.88 million current US$ | 1.21 billion current US$ | 10 |
| 2000s | 1.74 billion current US$ | 794.27 million current US$ | 2.84 billion current US$ | 10 |
| 2010s | 1.85 billion current US$ | 648.09 million current US$ | 2.85 billion current US$ | 10 |
| 2020s | 1.17 billion current US$ | 555.92 million current US$ | 1.87 billion current US$ | 5 |
Countries ranked near Namibia
- 137 Togo 1.46 billion current US$ compare
- 138 Burundi 1.45 billion current US$ compare
- 139 Sierra Leone 1.34 billion current US$ compare
- 141 French Polynesia 1.28 billion current US$ compare
- 142 Papua New Guinea 1.19 billion current US$ compare
- 143 Mozambique 1.14 billion current US$ compare
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 1.29 billion current US$ 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 2.85 billion current US$ in 2014.
- What is the lowest gross savings recorded in Namibia?
- The lowest recorded value was 555.92 million current US$ in 2021.
- How does Namibia rank for gross savings?
- Namibia ranks 140th out of 178 countries with data for 2024.
- Is gross savings rising or falling in Namibia?
- Over the last ten years it is down 54.8%. The long-run trend across the full record is rising.
- 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 US$). 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 indicator is expressed in United States dollars.