Bank deposits to GDP (%) in Namibia
Namibia: Bank deposits to GDP (%) was 70.1% in 2021. ▲ Rising
Bank deposits to GDP in Namibia, 1990–2021
Source: International Financial Statistics (IFS), International Monetary Fund (IMF). Measured in %.
Analysis
In 2021, bank deposits to gdp in Namibia stood at 70.1%. That is the highest value across all 32 years on record.
The figure is up 0.2% on the previous year and up 10.8% over ten years.
Over the whole period, bank deposits to gdp in Namibia peaked at 70.1% in 2021 and was at its lowest, 20.3%, in 1990.
That places Namibia 70th out of 185 countries with data for 2021, putting it in the middle of the range.
The long-run direction has been consistently rising across the 32 years of available data.
Bank deposits to GDP (%) in Namibia, year by year
| Year | % | Change |
|---|---|---|
| 1990 | 20.3% | — |
| 1991 | 23.1% | +13.6% |
| 1992 | 28.8% | +24.8% |
| 1993 | 30.9% | +7.0% |
| 1994 | 32.2% | +4.4% |
| 1995 | 35.9% | +11.3% |
| 1996 | 37.5% | +4.5% |
| 1997 | 36.1% | -3.6% |
| 1998 | 35.7% | -1.1% |
| 1999 | 38.8% | +8.4% |
| 2000 | 38.1% | -1.7% |
| 2001 | 35.9% | -5.6% |
| 2002 | 33.7% | -6.3% |
| 2003 | 35.0% | +3.9% |
| 2004 | 35.6% | +1.7% |
| 2005 | 36.1% | +1.5% |
| 2006 | 40.2% | +11.2% |
| 2007 | 38.9% | -3.0% |
| 2008 | 40.1% | +2.9% |
| 2009 | 61.6% | +53.6% |
| 2010 | 62.1% | +0.8% |
| 2011 | 63.3% | +1.9% |
| 2012 | 55.6% | -12.1% |
| 2013 | 56.9% | +2.3% |
| 2014 | 53.3% | -6.4% |
| 2015 | 53.5% | +0.4% |
| 2016 | 52.7% | -1.4% |
| 2017 | 55.4% | +5.0% |
| 2018 | 56.0% | +1.2% |
| 2019 | 62.1% | +10.8% |
| 2020 | 70.0% | +12.8% |
| 2021 | 70.1% | +0.2% |
Namibia compared with similar countries
- Namibia's 70.1% is above the median for lower middle income countries, which is 33.0%, 2.1× the median. (46 countries reporting)
- Namibia's 70.1% is above the median for Sub-Saharan Africa, which is 23.8%, 2.9× the median. (46 countries reporting)
Biggest year-on-year movements
Years where Bank deposits to GDP (%) 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 |
|---|---|---|---|
| 2009 | +53.6% | 40.1% | 61.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 31.9% | 20.3% | 38.8% | 10 |
| 2000s | 39.5% | 33.7% | 61.6% | 10 |
| 2010s | 57.1% | 52.7% | 63.3% | 10 |
| 2020s | 70.1% | 70.0% | 70.1% | 2 |
Countries ranked near Namibia
- 67 Saint Lucia 71.6% compare
- 68 Brazil 71.4% compare
- 69 Iceland 70.2% compare
- 71 Micronesia (country) 69.9% compare
- 72 Norway 69.3% compare
- 73 Saint Vincent and the Grenadines 69.1% compare
More financial sector data for Namibia
- Reserve position in the IMF, US dollar, annual growth rate 5.01 % change on previous year (2025)
- Reserve position in the IMF, US dollar, per unit of GDP 0 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 0.0663 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate 0 % change on previous year (2025)
- Reserve position in the IMF, SDR, per unit of GDP 0 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 0.0484 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 5.01 % change on previous year (2025)
- Reserve tranche position, US dollar, per unit of GDP 0 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 0.0663 units per person (2025)
- Reserve tranche position, SDR, annual growth rate 0 % change on previous year (2025)
Frequently asked questions
- What is bank deposits to gdp in Namibia?
- Bank deposits to gdp in Namibia was 70.1% in 2021, according to International Financial Statistics (IFS), International Monetary Fund (IMF).
- What is the highest bank deposits to gdp recorded in Namibia?
- The highest recorded value was 70.1% in 2021.
- What is the lowest bank deposits to gdp recorded in Namibia?
- The lowest recorded value was 20.3% in 1990.
- How does Namibia rank for bank deposits to gdp?
- Namibia ranks 70th out of 185 countries with data for 2021.
- Is bank deposits to gdp rising or falling in Namibia?
- Over the last ten years it is up 10.8%. The long-run trend across the full record is rising.
- Where does this Namibia data come from?
- The figures come from International Financial Statistics (IFS), International Monetary Fund (IMF), published as part of Bank deposits to GDP (%). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 32 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Demand, time and saving deposits in deposit money banks as a share of GDP, calculated using the following deflation method: {(0.5)*[Ft/P_et + Ft-1/P_et-1]}/[GDPt/P_at] where F is demand and time and saving deposits, P_e is end-of period CPI, and P_a is average annual CPI. Raw data are from the electronic version of the IMF’s International Financial Statistics. Bank deposits (IFS lines 24 and 25); GDP in local currency (IFS line 99B..ZF or, if not available, line 99B.CZF); end-of period CPI (IFS line 64M..ZF or, if not available, 64Q..ZF); and average annual CPI is calculated using the monthly CPI values (IFS line 64M..ZF).