Trade in services (% of GDP) in Namibia
Namibia: Trade in services (% of GDP) was 27.6% in 2024. ▼ Falling
Trade in services in Namibia, 1990–2024
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
The most recent figure for trade in services in Namibia is 27.6%, measured in 2024. That is the highest value across all 35 years on record.
That represents a change of up 1.9% on the previous year and up 82.1% over ten years.
Over the whole period, trade in services in Namibia peaked at 27.6% in 2024 and was at its lowest, 10.0%, in 2012.
That places Namibia 78th out of 200 countries with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently falling across the 35 years of available data.
Trade in services (% of GDP) in Namibia, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1990 | 17.4% | — |
| 1991 | 20.3% | +16.3% |
| 1992 | 19.8% | -2.1% |
| 1993 | 21.9% | +10.6% |
| 1994 | 19.8% | -9.6% |
| 1995 | 21.8% | +9.8% |
| 1996 | 23.0% | +5.7% |
| 1997 | 22.0% | -4.5% |
| 1998 | 20.2% | -8.0% |
| 1999 | 18.3% | -9.6% |
| 2000 | 12.6% | -31.2% |
| 2001 | 15.5% | +23.2% |
| 2002 | 14.9% | -4.2% |
| 2003 | 14.0% | -5.7% |
| 2004 | 13.5% | -3.4% |
| 2005 | 10.7% | -20.7% |
| 2006 | 11.9% | +11.2% |
| 2007 | 12.6% | +5.1% |
| 2008 | 13.3% | +5.6% |
| 2009 | 13.0% | -2.1% |
| 2010 | 12.0% | -7.3% |
| 2011 | 11.8% | -2.3% |
| 2012 | 10.0% | -15.1% |
| 2013 | 10.9% | +9.4% |
| 2014 | 15.1% | +38.6% |
| 2015 | 13.8% | -9.1% |
| 2016 | 11.4% | -17.0% |
| 2017 | 10.5% | -7.9% |
| 2018 | 10.0% | -5.1% |
| 2019 | 10.6% | +6.2% |
| 2020 | 13.5% | +27.6% |
| 2021 | 13.6% | +0.8% |
| 2022 | 16.5% | +20.7% |
| 2023 | 27.0% | +64.4% |
| 2024 | 27.6% | +1.9% |
Namibia compared with similar countries
- Namibia's 27.6% is above the median for lower middle income countries, which is 13.8%, 2.0× the median. (47 countries reporting)
- Namibia's 27.6% is above the median for Sub-Saharan Africa, which is 12.7%, 2.2× the median. (47 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 20.5% | 17.4% | 23.0% | 10 |
| 2000s | 13.2% | 10.7% | 15.5% | 10 |
| 2010s | 11.6% | 10.0% | 15.1% | 10 |
| 2020s | 19.6% | 13.5% | 27.6% | 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)
- 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)
- IMF holdings of currency, US dollar, per unit of GDP 0.0217 units per US$ of GDP (2025)
Frequently asked questions
- What is trade in services in Namibia?
- Trade in services in Namibia was 27.6% in 2024, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest trade in services recorded in Namibia?
- The highest recorded value was 27.6% in 2024.
- What is the lowest trade in services recorded in Namibia?
- The lowest recorded value was 10.0% in 2012.
- How does Namibia rank for trade in services?
- Namibia ranks 78th out of 200 countries with data for 2024.
- Is trade in services rising or falling in Namibia?
- Over the last ten years it is up 82.1%. The long-run trend across the full record is falling.
- 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 Trade in services (% of GDP). Statizoid updates them automatically from the source API.
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About this data
Total trade in services includes services provided by residents to non-residents plus services provided by non-residents to residents. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.