Service exports in Namibia
Namibia: Service exports was 1.29 billion BoP, current US$ in 2024. ◆ Volatile
Latest (2024)
1.29 billion BoP, current US$
Change on year
up 20.1%
World rank
130th
of 200 countries
All-time high
1.29 billion BoP, current US$
in 2024
All-time low
131.80 million BoP, current US$
in 1990
Years of data
35
1990–2024
Service exports in Namibia, 1990–2024
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in BoP, current US$.
Analysis
Namibia recorded 1.29 billion BoP, current US$ for service exports in 2024. That is the highest value across all 35 years on record.
The figure is up 20.1% on the previous year and up 29.0% over ten years.
Over the whole period, service exports in Namibia peaked at 1.29 billion BoP, current US$ in 2024 and was at its lowest, 131.80 million BoP, current US$, in 1990.
Namibia ranks 130th of 200 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Service exports in Namibia, year by year
| Year | BoP, current US$ | Change |
|---|---|---|
| 1990 | 131.80 million BoP, current US$ | — |
| 1991 | 144.64 million BoP, current US$ | +9.7% |
| 1992 | 169.84 million BoP, current US$ | +17.4% |
| 1993 | 228.14 million BoP, current US$ | +34.3% |
| 1994 | 259.04 million BoP, current US$ | +13.5% |
| 1995 | 315.27 million BoP, current US$ | +21.7% |
| 1996 | 337.35 million BoP, current US$ | +7.0% |
| 1997 | 380.12 million BoP, current US$ | +12.7% |
| 1998 | 327.05 million BoP, current US$ | -14.0% |
| 1999 | 274.70 million BoP, current US$ | -16.0% |
| 2000 | 173.83 million BoP, current US$ | -36.7% |
| 2001 | 280.03 million BoP, current US$ | +61.1% |
| 2002 | 265.81 million BoP, current US$ | -5.1% |
| 2003 | 414.49 million BoP, current US$ | +55.9% |
| 2004 | 475.35 million BoP, current US$ | +14.7% |
| 2005 | 411.01 million BoP, current US$ | -13.5% |
| 2006 | 526.04 million BoP, current US$ | +28.0% |
| 2007 | 597.85 million BoP, current US$ | +13.7% |
| 2008 | 555.24 million BoP, current US$ | -7.1% |
| 2009 | 615.33 million BoP, current US$ | +10.8% |
| 2010 | 678.49 million BoP, current US$ | +10.3% |
| 2011 | 796.98 million BoP, current US$ | +17.5% |
| 2012 | 710.13 million BoP, current US$ | -10.9% |
| 2013 | 580.52 million BoP, current US$ | -18.3% |
| 2014 | 999.61 million BoP, current US$ | +72.2% |
| 2015 | 877.89 million BoP, current US$ | -12.2% |
| 2016 | 535.42 million BoP, current US$ | -39.0% |
| 2017 | 740.15 million BoP, current US$ | +38.2% |
| 2018 | 761.94 million BoP, current US$ | +2.9% |
| 2019 | 702.14 million BoP, current US$ | -7.8% |
| 2020 | 684.36 million BoP, current US$ | -2.5% |
| 2021 | 681.36 million BoP, current US$ | -0.4% |
| 2022 | 969.19 million BoP, current US$ | +42.2% |
| 2023 | 1.07 billion BoP, current US$ | +10.7% |
| 2024 | 1.29 billion BoP, current US$ | +20.1% |
Namibia compared with similar countries
- Namibia's 1.29 billion BoP, current US$ is above the median for lower middle income countries, which is 1.28 billion BoP, current US$, 1.0× the median. (47 countries reporting)
- Namibia's 1.29 billion BoP, current US$ is above the median for Sub-Saharan Africa, which is 514.12 million BoP, current US$, 2.5× the median. (47 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 256.80 million BoP, current US$ | 131.80 million BoP, current US$ | 380.12 million BoP, current US$ | 10 |
| 2000s | 431.50 million BoP, current US$ | 173.83 million BoP, current US$ | 615.33 million BoP, current US$ | 10 |
| 2010s | 738.33 million BoP, current US$ | 535.42 million BoP, current US$ | 999.61 million BoP, current US$ | 10 |
| 2020s | 939.36 million BoP, current US$ | 681.36 million BoP, current US$ | 1.29 billion BoP, current US$ | 5 |
Countries ranked near Namibia
- 127 Iran 1.38 billion BoP, current US$ compare
- 128 Zambia 1.38 billion BoP, current US$ compare
- 129 Nicaragua 1.30 billion BoP, current US$ compare
- 131 Venezuela 1.28 billion BoP, current US$ compare
- 132 Trinidad and Tobago 1.27 billion BoP, current US$ compare
- 133 Sint Maarten (Dutch part) 1.27 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$), annual growth rate -7.48 % change on previous year (2025)
Frequently asked questions
- What is service exports in Namibia?
- Service exports in Namibia was 1.29 billion BoP, current US$ in 2024, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest service exports recorded in Namibia?
- The highest recorded value was 1.29 billion BoP, current US$ in 2024.
- What is the lowest service exports recorded in Namibia?
- The lowest recorded value was 131.80 million BoP, current US$ in 1990.
- How does Namibia rank for service exports?
- Namibia ranks 130th out of 200 countries with data for 2024.
- Is service exports rising or falling in Namibia?
- Over the last ten years it is up 29.0%. 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 Service exports (BoP, current US$). Statizoid updates them automatically from the source API.
Download this data
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About this data
Exports of services are services provided by residents to non-residents. 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.