Gross savings in Namibia
Namibia: Gross savings 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$, in 2021.
Namibia ranks 141st of 178 countries on this measure, in the bottom quarter.
The long-run direction has been consistently rising across the 35 years of available data.
Gross savings in Namibia, year by year
| Year | current US$ | 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
- 138 Togo 1.46 billion current US$ compare
- 139 Burundi 1.45 billion current US$ compare
- 140 Sierra Leone 1.34 billion current US$ compare
- 142 French Polynesia 1.28 billion current US$ compare
- 143 Papua New Guinea 1.19 billion current US$ compare
- 144 Eswatini 857.93 million current US$ 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$), annual growth rate -7.48 % change on previous year (2025)
Frequently asked questions
- What is gross savings in Namibia?
- Gross savings in Namibia was 1.29 billion current US$ 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 141st 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.