Current account balance (credit less debit), Net (credits less) in Namibia
Namibia: Current account balance (credit less debit), Net (credits less) was -1.89 million in 2024. ◆ Volatile
Current account balance (credit less debit), Net (credits less debits) in Namibia, 2005–2024
Source: International Monetary Fund.
Analysis
In 2024, current account balance (credit less debit), net (credits less debits) in Namibia stood at -1.89 million.
The figure is down 0.7% on the previous year and down 61.5% over ten years.
Over the whole period, current account balance (credit less debit), net (credits less debits) in Namibia peaked at 1.08 billion in 2006 and was at its lowest, -1.12 billion, in 2012.
Namibia ranks 86th of 198 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.
Current account balance (credit less debit), Net (credits less) in Namibia, year by year
| Year | Value | Change |
|---|---|---|
| 2005 | 329.44 million | — |
| 2006 | 1.08 billion | +228.7% |
| 2007 | 747.82 million | -30.9% |
| 2008 | -9.21 million | -101.2% |
| 2009 | -316.87 million | +3338.8% |
| 2010 | -448.39 million | +41.5% |
| 2011 | -857.57 million | +91.3% |
| 2012 | -1.12 billion | +30.5% |
| 2013 | -176.07 million | -84.3% |
| 2014 | -1.17 million | -99.3% |
| 2015 | -1.56 million | +33.0% |
| 2016 | -1.77 million | +13.4% |
| 2017 | -17.72 million | +901.6% |
| 2018 | -485,875 | -97.3% |
| 2019 | -14.70 million | +2925.7% |
| 2020 | 414.06 million | -2916.6% |
| 2021 | -1.34 million | -100.3% |
| 2022 | -1.58 million | +18.3% |
| 2023 | -1.88 million | +18.8% |
| 2024 | -1.89 million | +0.7% |
Namibia compared with similar countries
- Namibia's -1.89 million is above the median for lower middle income countries, which is -96.83 million, 2% of the median. (46 countries reporting)
- Namibia's -1.89 million is above the median for Sub-Saharan Africa, which is -606.36 million, 0% of the median. (43 countries reporting)
Biggest year-on-year movements
Years where Current account balance (credit less debit), Net (credits less) 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 | -3338.8% | -9.21 million | -316.87 million |
| 2020 | +2916.6% | -14.70 million | 414.06 million |
| 2019 | -2925.7% | -485,875 | -14.70 million |
| 2017 | -901.6% | -1.77 million | -17.72 million |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 366.81 million | -316.87 million | 1.08 billion | 5 |
| 2010s | -263.89 million | -1.12 billion | -485,875 | 10 |
| 2020s | 81.47 million | -1.89 million | 414.06 million | 5 |
Countries ranked near Namibia
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 current account balance (credit less debit), net (credits less debits) in Namibia?
- Current account balance (credit less debit), net (credits less debits) in Namibia was -1.89 million in 2024, according to International Monetary Fund.
- What is the highest current account balance (credit less debit), net (credits less debits) recorded in Namibia?
- The highest recorded value was 1.08 billion in 2006.
- What is the lowest current account balance (credit less debit), net (credits less debits) recorded in Namibia?
- The lowest recorded value was -1.12 billion in 2012.
- How does Namibia rank for current account balance (credit less debit), net (credits less debits)?
- Namibia ranks 86th out of 198 countries with data for 2024.
- Is current account balance (credit less debit), net (credits less debits) rising or falling in Namibia?
- Over the last ten years it is down 61.5%. The long-run trend across the full record is volatile.
- Where does this Namibia data come from?
- The figures come from International Monetary Fund, published as part of Current account balance (credit less debit), Net (credits less debits) (US dollar). Statizoid updates them automatically from the source API.
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About this data
The World and Country Group Aggregates (historically called BOPSY) is an annual publication, released each November, of major balance of payments and international investment position components for countries, country groups, and the world.