Net secondary income in Namibia
Namibia: Net secondary income was 1.70 billion BoP, current US$ in 2024. ◆ Volatile
Net secondary income in Namibia, 1990–2024
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in BoP, current US$.
Analysis
In 2024, net secondary income in Namibia stood at 1.70 billion BoP, current US$.
The figure is up 20.5% on the previous year and down 0.9% over ten years.
Over the whole period, net secondary income in Namibia peaked at 1.71 billion BoP, current US$ in 2014 and was at its lowest, 274.76 million BoP, current US$, in 2002.
That places Namibia 59th out of 200 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Net secondary income in Namibia, year by year
| Year | BoP, current US$ | Change |
|---|---|---|
| 1990 | 354.31 million BoP, current US$ | — |
| 1991 | 375.29 million BoP, current US$ | +5.9% |
| 1992 | 451.79 million BoP, current US$ | +20.4% |
| 1993 | 351.25 million BoP, current US$ | -22.3% |
| 1994 | 326.46 million BoP, current US$ | -7.1% |
| 1995 | 403.00 million BoP, current US$ | +23.4% |
| 1996 | 416.30 million BoP, current US$ | +3.3% |
| 1997 | 444.19 million BoP, current US$ | +6.7% |
| 1998 | 403.49 million BoP, current US$ | -9.2% |
| 1999 | 399.33 million BoP, current US$ | -1.0% |
| 2000 | 436.06 million BoP, current US$ | +9.2% |
| 2001 | 352.30 million BoP, current US$ | -19.2% |
| 2002 | 274.76 million BoP, current US$ | -22.0% |
| 2003 | 460.27 million BoP, current US$ | +67.5% |
| 2004 | 669.07 million BoP, current US$ | +45.4% |
| 2005 | 670.03 million BoP, current US$ | +0.1% |
| 2006 | 946.79 million BoP, current US$ | +41.3% |
| 2007 | 999.03 million BoP, current US$ | +5.5% |
| 2008 | 1.13 billion BoP, current US$ | +13.2% |
| 2009 | 1.15 billion BoP, current US$ | +2.0% |
| 2010 | 1.15 billion BoP, current US$ | -0.1% |
| 2011 | 811.56 million BoP, current US$ | -29.6% |
| 2012 | 1.61 billion BoP, current US$ | +98.5% |
| 2013 | 1.54 billion BoP, current US$ | -4.4% |
| 2014 | 1.71 billion BoP, current US$ | +11.3% |
| 2015 | 1.40 billion BoP, current US$ | -18.1% |
| 2016 | 1.06 billion BoP, current US$ | -24.2% |
| 2017 | 1.44 billion BoP, current US$ | +35.0% |
| 2018 | 1.42 billion BoP, current US$ | -1.2% |
| 2019 | 1.31 billion BoP, current US$ | -7.7% |
| 2020 | 1.46 billion BoP, current US$ | +11.1% |
| 2021 | 1.29 billion BoP, current US$ | -11.6% |
| 2022 | 1.04 billion BoP, current US$ | -19.3% |
| 2023 | 1.41 billion BoP, current US$ | +35.8% |
| 2024 | 1.70 billion BoP, current US$ | +20.5% |
Namibia compared with similar countries
- Namibia's 1.70 billion BoP, current US$ is above the median for lower middle income countries, which is 1.19 billion BoP, current US$, 1.4× the median. (47 countries reporting)
- Namibia's 1.70 billion BoP, current US$ is above the median for Sub-Saharan Africa, which is 554.03 million BoP, current US$, 3.1× the median. (47 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 392.54 million BoP, current US$ | 326.46 million BoP, current US$ | 451.79 million BoP, current US$ | 10 |
| 2000s | 709.34 million BoP, current US$ | 274.76 million BoP, current US$ | 1.15 billion BoP, current US$ | 10 |
| 2010s | 1.35 billion BoP, current US$ | 811.56 million BoP, current US$ | 1.71 billion BoP, current US$ | 10 |
| 2020s | 1.38 billion BoP, current US$ | 1.04 billion BoP, current US$ | 1.70 billion BoP, current US$ | 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)
- 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$), annual growth rate -7.48 % change on previous year (2025)
Frequently asked questions
- What is net secondary income in Namibia?
- Net secondary income in Namibia was 1.70 billion BoP, current US$ in 2024, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest net secondary income recorded in Namibia?
- The highest recorded value was 1.71 billion BoP, current US$ in 2014.
- What is the lowest net secondary income recorded in Namibia?
- The lowest recorded value was 274.76 million BoP, current US$ in 2002.
- How does Namibia rank for net secondary income?
- Namibia ranks 59th out of 200 countries with data for 2024.
- Is net secondary income rising or falling in Namibia?
- Over the last ten years it is down 0.9%. The long-run trend across the full record is volatile.
- Where does this Namibia data come from?
- The figures come from Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Net secondary income (BoP, current US$). Statizoid updates them automatically from the source API.
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About this data
Net secondary income (from abroad) comprises transfers of income between residents of the reporting country and the rest of the world that carry no provisions for repayment. Net secondary income is equal to the unrequited transfers of income from nonresidents to residents minus the unrequited transfers from residents to nonresidents. 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.