Net trade in goods and services in Namibia
Namibia: Net trade in goods and services was -3.28 billion BoP, current US$ in 2024. ◆ Volatile
Net trade in goods and services in Namibia, 1990–2024
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in BoP, current US$.
Analysis
Namibia recorded -3.28 billion BoP, current US$ for net trade in goods and services in 2024. That is the lowest value across all 35 years on record.
Compared with earlier readings it is down 20.7% on the previous year and down 16.6% over ten years.
Over the whole period, net trade in goods and services in Namibia peaked at 199.13 million BoP, current US$ in 2006 and was at its lowest, -3.28 billion BoP, current US$, in 2024.
Namibia ranks 156th of 200 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Net trade in goods and services in Namibia, year by year
| Year | BoP, current US$ | Change |
|---|---|---|
| 1990 | -364.24 million BoP, current US$ | — |
| 1991 | -366.82 million BoP, current US$ | +0.7% |
| 1992 | -418.44 million BoP, current US$ | +14.1% |
| 1993 | -299.04 million BoP, current US$ | -28.5% |
| 1994 | -295.14 million BoP, current US$ | -1.3% |
| 1995 | -365.94 million BoP, current US$ | +24.0% |
| 1996 | -370.73 million BoP, current US$ | +1.3% |
| 1997 | -425.22 million BoP, current US$ | +14.7% |
| 1998 | -302.44 million BoP, current US$ | -28.9% |
| 1999 | -362.83 million BoP, current US$ | +20.0% |
| 2000 | -146.74 million BoP, current US$ | -59.6% |
| 2001 | -193.99 million BoP, current US$ | +32.2% |
| 2002 | -177.04 million BoP, current US$ | -8.7% |
| 2003 | -325.86 million BoP, current US$ | +84.1% |
| 2004 | -227.66 million BoP, current US$ | -30.1% |
| 2005 | -214.54 million BoP, current US$ | -5.8% |
| 2006 | 199.13 million BoP, current US$ | -192.8% |
| 2007 | -93.00 million BoP, current US$ | -146.7% |
| 2008 | -990.19 million BoP, current US$ | +964.8% |
| 2009 | -1.37 billion BoP, current US$ | +38.7% |
| 2010 | -1.32 billion BoP, current US$ | -3.6% |
| 2011 | -1.55 billion BoP, current US$ | +17.2% |
| 2012 | -2.17 billion BoP, current US$ | +40.1% |
| 2013 | -2.49 billion BoP, current US$ | +14.7% |
| 2014 | -2.82 billion BoP, current US$ | +13.0% |
| 2015 | -2.94 billion BoP, current US$ | +4.5% |
| 2016 | -2.57 billion BoP, current US$ | -12.8% |
| 2017 | -1.69 billion BoP, current US$ | -34.3% |
| 2018 | -1.40 billion BoP, current US$ | -17.1% |
| 2019 | -1.23 billion BoP, current US$ | -12.3% |
| 2020 | -1.00 billion BoP, current US$ | -18.2% |
| 2021 | -2.11 billion BoP, current US$ | +110.8% |
| 2022 | -2.07 billion BoP, current US$ | -2.1% |
| 2023 | -2.72 billion BoP, current US$ | +31.5% |
| 2024 | -3.28 billion BoP, current US$ | +20.7% |
Namibia compared with similar countries
- Namibia's -3.28 billion BoP, current US$ is below the median for lower middle income countries, which is -1.21 billion BoP, current US$, 2.7× the median. (47 countries reporting)
- Namibia's -3.28 billion BoP, current US$ is below the median for Sub-Saharan Africa, which is -701.38 million BoP, current US$, 4.7× the median. (47 countries reporting)
Biggest year-on-year movements
Years where Net trade in goods and services in Namibia changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2008 | -964.8% | -93.00 million BoP, current US$ | -990.19 million BoP, current US$ |
| 2006 | +192.8% | -214.54 million BoP, current US$ | 199.13 million BoP, current US$ |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | -357.09 million BoP, current US$ | -425.22 million BoP, current US$ | -295.14 million BoP, current US$ | 10 |
| 2000s | -354.32 million BoP, current US$ | -1.37 billion BoP, current US$ | 199.13 million BoP, current US$ | 10 |
| 2010s | -2.02 billion BoP, current US$ | -2.94 billion BoP, current US$ | -1.23 billion BoP, current US$ | 10 |
| 2020s | -2.24 billion BoP, current US$ | -3.28 billion BoP, current US$ | -1.00 billion BoP, current US$ | 5 |
Countries ranked near Namibia
- 153 Botswana -2.56 billion BoP, current US$ compare
- 154 Sri Lanka -2.63 billion BoP, current US$ compare
- 155 North Macedonia -2.64 billion BoP, current US$ compare
- 157 Nicaragua -3.30 billion BoP, current US$ compare
- 158 Cambodia -3.44 billion BoP, current US$ compare
- 159 Kosovo -3.60 billion BoP, current US$ compare
- 159 Kosovo (UNSCR 1244) -3.60 billion BoP, 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$), annual growth rate -7.48 % change on previous year (2025)
Frequently asked questions
- What is net trade in goods and services in Namibia?
- Net trade in goods and services in Namibia was -3.28 billion BoP, current US$ in 2024, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest net trade in goods and services recorded in Namibia?
- The highest recorded value was 199.13 million BoP, current US$ in 2006.
- What is the lowest net trade in goods and services recorded in Namibia?
- The lowest recorded value was -3.28 billion BoP, current US$ in 2024.
- How does Namibia rank for net trade in goods and services?
- Namibia ranks 156th out of 200 countries with data for 2024.
- Is net trade in goods and services rising or falling in Namibia?
- Over the last ten years it is down 16.6%. 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 trade in goods and services (BoP, current US$). Statizoid updates them automatically from the source API.
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About this data
The balance of international trade in goods and services is the difference between the exports and imports of goods and services. 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.