Annual GDP growth in Namibia
Namibia: Annual GDP growth was 3.7% in 2024. ◆ Volatile
Annual GDP growth in Namibia, 1991–2024
Source: International Monetary Fund (2026) – with minor processing by Our World in Data. Measured in %.
Analysis
In 2024, annual gdp growth in Namibia stood at 3.7%.
Compared with earlier readings it is down 16.5% on the previous year and down 39.1% over ten years.
Over the whole period, annual gdp growth in Namibia peaked at 9.3% in 1992 and was at its lowest, -8.1%, in 2020.
That places Namibia 86th out of 196 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.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 3.8% | -1.6% | 9.3% | 9 |
| 2000s | 3.8% | 0.3% | 6.7% | 10 |
| 2010s | 3.1% | -1.0% | 6.1% | 10 |
| 2020s | 1.8% | -8.1% | 5.4% | 5 |
Countries ranked near Namibia
More economy & growth data for Namibia
- External balance on goods and services as a percent of GDP -19.2% (2025)
- Inflation of consumer prices 3.5% (2025)
- GDP per capita 4,019 constant 2015 US$ (2025)
- Share of manufacturing in gross domestic product (GDP) 10.0% (2025)
- Gross domestic product (GDP) 12.43 billion constant 2015 US$ (2025)
- GDP per capita in international and market dollars 4,019 constant 2015 US$ (2025)
- DEC alternative conversion factor 17.89 LCU per US$ (2025)
- Net secondary income (Net current transfers from abroad) 26.13 billion current LCU (2025)
- Net secondary income (Net current transfers from abroad) 1.46 billion current US$ (2025)
- Taxes less subsidies on products 24.49 billion current LCU (2025)
Frequently asked questions
- What is annual gdp growth in Namibia?
- Annual gdp growth in Namibia was 3.7% in 2024, according to International Monetary Fund (2026) – with minor processing by Our World in Data.
- What is the highest annual gdp growth recorded in Namibia?
- The highest recorded value was 9.3% in 1992.
- What is the lowest annual gdp growth recorded in Namibia?
- The lowest recorded value was -8.1% in 2020.
- How does Namibia rank for annual gdp growth?
- Namibia ranks 86th out of 196 countries with data for 2024.
- Is annual gdp growth rising or falling in Namibia?
- Over the last ten years it is down 39.1%. The long-run trend across the full record is volatile.
- Where does this Namibia data come from?
- The figures come from International Monetary Fund (2026) – with minor processing by Our World in Data, published as part of Annual GDP growth. Statizoid updates them automatically from the source API.
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About this data
Annual percent change in gross domestic product. This data is adjusted for inflation.