Service imports (BoP, current US$) in Namibia
Namibia: Service imports (BoP, current US$) was 2.47 billion BoP, current US$ in 2024. ◆ Volatile
Latest (2024)
2.47 billion BoP, current US$
Change on year
up 6.7%
World rank
115th
of 200 countries
All-time high
2.47 billion BoP, current US$
in 2024
All-time low
231.96 million BoP, current US$
in 2002
Years of data
35
1990–2024
Service imports in Namibia, 1990–2024
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in BoP, current US$.
Analysis
Namibia recorded 2.47 billion BoP, current US$ for service imports in 2024. That is the highest value across all 35 years on record.
The figure is up 6.7% on the previous year and up 180.1% over ten years.
Over the whole period, service imports in Namibia peaked at 2.47 billion BoP, current US$ in 2024 and was at its lowest, 231.96 million BoP, current US$, in 2002.
That places Namibia 115th out of 200 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Service imports (BoP, current US$) in Namibia, year by year
| Year | BoP, current US$ | Change |
|---|---|---|
| 1990 | 354.15 million BoP, current US$ | — |
| 1991 | 462.32 million BoP, current US$ | +30.5% |
| 1992 | 510.48 million BoP, current US$ | +10.4% |
| 1993 | 485.35 million BoP, current US$ | -4.9% |
| 1994 | 468.35 million BoP, current US$ | -3.5% |
| 1995 | 551.46 million BoP, current US$ | +17.7% |
| 1996 | 580.95 million BoP, current US$ | +5.3% |
| 1997 | 533.68 million BoP, current US$ | -8.1% |
| 1998 | 456.85 million BoP, current US$ | -14.4% |
| 1999 | 433.06 million BoP, current US$ | -5.2% |
| 2000 | 320.06 million BoP, current US$ | -26.1% |
| 2001 | 271.98 million BoP, current US$ | -15.0% |
| 2002 | 231.96 million BoP, current US$ | -14.7% |
| 2003 | 276.31 million BoP, current US$ | +19.1% |
| 2004 | 420.19 million BoP, current US$ | +52.1% |
| 2005 | 367.37 million BoP, current US$ | -12.6% |
| 2006 | 429.27 million BoP, current US$ | +16.8% |
| 2007 | 511.68 million BoP, current US$ | +19.2% |
| 2008 | 585.97 million BoP, current US$ | +14.5% |
| 2009 | 544.46 million BoP, current US$ | -7.1% |
| 2010 | 695.89 million BoP, current US$ | +27.8% |
| 2011 | 674.80 million BoP, current US$ | -3.0% |
| 2012 | 591.00 million BoP, current US$ | -12.4% |
| 2013 | 734.01 million BoP, current US$ | +24.2% |
| 2014 | 881.83 million BoP, current US$ | +20.1% |
| 2015 | 680.74 million BoP, current US$ | -22.8% |
| 2016 | 688.42 million BoP, current US$ | +1.1% |
| 2017 | 615.49 million BoP, current US$ | -10.6% |
| 2018 | 603.72 million BoP, current US$ | -1.9% |
| 2019 | 626.80 million BoP, current US$ | +3.8% |
| 2020 | 747.12 million BoP, current US$ | +19.2% |
| 2021 | 1.01 billion BoP, current US$ | +35.1% |
| 2022 | 1.10 billion BoP, current US$ | +8.9% |
| 2023 | 2.31 billion BoP, current US$ | +110.6% |
| 2024 | 2.47 billion BoP, current US$ | +6.7% |
Namibia compared with similar countries
- Namibia's 2.47 billion BoP, current US$ is above the median for lower middle income countries, which is 2.40 billion BoP, current US$, 1.0× the median. (47 countries reporting)
- Namibia's 2.47 billion BoP, current US$ is above the median for Sub-Saharan Africa, which is 1.47 billion BoP, current US$, 1.7× the median. (47 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 483.66 million BoP, current US$ | 354.15 million BoP, current US$ | 580.95 million BoP, current US$ | 10 |
| 2000s | 395.92 million BoP, current US$ | 231.96 million BoP, current US$ | 585.97 million BoP, current US$ | 10 |
| 2010s | 679.27 million BoP, current US$ | 591.00 million BoP, current US$ | 881.83 million BoP, current US$ | 10 |
| 2020s | 1.53 billion BoP, current US$ | 747.12 million BoP, current US$ | 2.47 billion BoP, current US$ | 5 |
Countries ranked near Namibia
- 112 Paraguay 2.75 billion BoP, current US$ compare
- 113 Nepal 2.54 billion BoP, current US$ compare
- 114 Bahamas 2.47 billion BoP, current US$ compare
- 116 Mozambique 2.46 billion BoP, current US$ compare
- 117 Cameroon 2.40 billion BoP, current US$ compare
- 118 Papua New Guinea 2.40 billion BoP, current US$ compare
More economy & growth data for Namibia
- Real gdp growth, annual growth rate -16.45 % change on previous year (2024)
- 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)
- SDRs holdings, US dollar, annual growth rate 2.35 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0153 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 74.4 units per person (2025)
- SDRs holdings, SDR, annual growth rate -2.53 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0111 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 54.32 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate -25 % change on previous year (2025)
Frequently asked questions
- What is service imports in Namibia?
- Service imports in Namibia was 2.47 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 imports recorded in Namibia?
- The highest recorded value was 2.47 billion BoP, current US$ in 2024.
- What is the lowest service imports recorded in Namibia?
- The lowest recorded value was 231.96 million BoP, current US$ in 2002.
- How does Namibia rank for service imports?
- Namibia ranks 115th out of 200 countries with data for 2024.
- Is service imports rising or falling in Namibia?
- Over the last ten years it is up 180.1%. 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 imports (BoP, current US$). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 35 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Imports of services are services provided by non-residents to 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.