Current account balance (credit less debit), Net (credits less debits) in Namibia
Namibia: Current account balance (credit less debit), Net (credits less debits) was -1.89 million in 2024. β Volatile
Current account balance (credit less debit), Net (credits less debits) in Namibia, 2005β2024
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.
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
- Net domestic credit (current LCU), per capita 58,055 current LCU per person (2025)
- Net domestic credit (current LCU), per unit of GDP 11.91 current LCU per US$ of GDP (2025)
- Net domestic credit (current LCU), annual growth rate 16.99 % change on previous year (2025)
- Gold reserves at 35 SDRs per ounce 0 SDR (2018)
- Gold reserves at market value 0 SDR (2018)
- Reserves excluding gold, foreign exchange 2.10 billion SDR (2025)
- Reserves excluding gold 2.27 billion SDR (2025)
- Total reserves (gold at market value) 2.27 billion SDR (2025)
- Total reserves (gold at national valuation) 2.27 billion SDR (2025)
- Domestic credit to private sector by banks 46.1% (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.