Gross savings in Namibia
Namibia: Gross savings was 9.5% in 2024. ▼ Falling
Gross savings in Namibia, 1990–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in % of GDP.
Analysis
In 2024, gross savings in Namibia stood at 9.5%.
Compared with earlier readings it is down 18.2% on the previous year and down 58.8% over ten years.
Over the whole period, gross savings in Namibia peaked at 37.8% in 1990 and was at its lowest, 4.5%, in 2021.
Namibia ranks 161st of 177 countries on this measure, in the bottom quarter.
The long-run direction has been consistently falling across the 35 years of available data.
Gross savings in Namibia, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1990 | 37.8% | — |
| 1991 | 26.7% | -29.4% |
| 1992 | 28.9% | +8.2% |
| 1993 | 25.7% | -11.0% |
| 1994 | 29.4% | +14.3% |
| 1995 | 30.5% | +3.7% |
| 1996 | 27.8% | -8.8% |
| 1997 | 24.7% | -11.0% |
| 1998 | 26.6% | +7.5% |
| 1999 | 23.7% | -10.9% |
| 2000 | 27.6% | +16.6% |
| 2001 | 22.3% | -19.2% |
| 2002 | 26.3% | +17.6% |
| 2003 | 26.0% | -0.9% |
| 2004 | 30.3% | +16.3% |
| 2005 | 30.5% | +0.7% |
| 2006 | 35.5% | +16.4% |
| 2007 | 28.3% | -20.4% |
| 2008 | 26.7% | -5.6% |
| 2009 | 16.5% | -38.0% |
| 2010 | 18.6% | +12.4% |
| 2011 | 14.8% | -20.5% |
| 2012 | 15.0% | +1.4% |
| 2013 | 19.2% | +28.2% |
| 2014 | 22.9% | +19.5% |
| 2015 | 16.3% | -29.0% |
| 2016 | 6.0% | -62.9% |
| 2017 | 13.1% | +117.1% |
| 2018 | 11.6% | -11.2% |
| 2019 | 13.2% | +13.5% |
| 2020 | 17.7% | +33.9% |
| 2021 | 4.5% | -74.7% |
| 2022 | 5.5% | +22.0% |
| 2023 | 11.5% | +111.1% |
| 2024 | 9.5% | -18.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 28.2% | 23.7% | 37.8% | 10 |
| 2000s | 27.0% | 16.5% | 35.5% | 10 |
| 2010s | 15.1% | 6.0% | 22.9% | 10 |
| 2020s | 9.7% | 4.5% | 17.7% | 5 |
Countries ranked near Namibia
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)
- Gross value added at basic prices (GVA) (current LCU), annual growth 8.1 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current LCU), per unit of GDP 16.26 current LCU per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (current LCU), per capita 79,306 current LCU per person (2025)
- Gross value added at basic prices (GVA) (constant 2015 US$), annual 1.57 % change on previous year (2025)
- Gross value added at basic prices (GVA) (constant 2015 US$), per unit 0.7491 constant 2015 US$ per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (constant 2015 US$), per 3,653 constant 2015 US$ per person (2025)
- Gross value added at basic prices (GVA) (constant LCU), annual growth 1.57 % change on previous year (2025)
- Gross value added at basic prices (GVA) (constant LCU), per unit of 9.65 constant LCU per US$ of GDP (2025)
Frequently asked questions
- What is gross savings in Namibia?
- Gross savings in Namibia was 9.5% 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 37.8% in 1990.
- What is the lowest gross savings recorded in Namibia?
- The lowest recorded value was 4.5% in 2021.
- How does Namibia rank for gross savings?
- Namibia ranks 161st out of 177 countries with data for 2024.
- Is gross savings rising or falling in Namibia?
- Over the last ten years it is down 58.8%. The long-run trend across the full record is falling.
- Where does this Namibia data come from?
- The figures come from Country official statistics, National Statistical Offices (NSOs), published as part of Gross savings (% of GDP). 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 as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.