Deposit interest rate in Namibia
Namibia: Deposit interest rate was 5.4% in 2024. ▼ Falling
Deposit interest rate in Namibia, 1991–2024
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in %.
Analysis
The most recent figure for deposit interest rate in Namibia is 5.4%, measured in 2024.
That represents a change of down 0.3% on the previous year and up 26.6% over ten years.
Over the whole period, deposit interest rate in Namibia peaked at 12.9% in 1998 and was at its lowest, 2.9%, in 2021.
That places Namibia 54th out of 153 countries with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently falling across the 34 years of available data.
Deposit interest rate in Namibia, year by year
| Year | % | Change |
|---|---|---|
| 1991 | 12.8% | — |
| 1992 | 11.4% | -11.1% |
| 1993 | 9.6% | -15.4% |
| 1994 | 9.2% | -4.5% |
| 1995 | 10.8% | +18.1% |
| 1996 | 12.6% | +15.8% |
| 1997 | 12.7% | +1.1% |
| 1998 | 12.9% | +1.9% |
| 1999 | 10.8% | -16.4% |
| 2000 | 7.4% | -31.7% |
| 2001 | 6.8% | -8.1% |
| 2002 | 7.8% | +14.9% |
| 2003 | 8.8% | +12.1% |
| 2004 | 6.4% | -27.5% |
| 2005 | 6.2% | -1.8% |
| 2006 | 6.3% | +0.9% |
| 2007 | 7.5% | +19.8% |
| 2008 | 8.4% | +11.1% |
| 2009 | 6.2% | -25.6% |
| 2010 | 5.0% | -19.9% |
| 2011 | 4.3% | -14.3% |
| 2012 | 4.2% | -1.7% |
| 2013 | 4.0% | -5.5% |
| 2014 | 4.2% | +6.8% |
| 2015 | 4.7% | +10.9% |
| 2016 | 5.6% | +19.8% |
| 2017 | 5.9% | +4.2% |
| 2018 | 5.9% | -0.3% |
| 2019 | 5.7% | -2.8% |
| 2020 | 4.2% | -27.1% |
| 2021 | 2.9% | -29.4% |
| 2022 | 3.7% | +26.7% |
| 2023 | 5.4% | +44.9% |
| 2024 | 5.4% | -0.3% |
Namibia compared with similar countries
- Namibia's 5.4% is above the median for lower middle income countries, which is 5.2%, 1.0× the median. (42 countries reporting)
- Namibia's 5.4% is below the median for Sub-Saharan Africa, which is 5.7%, 94% of the median. (44 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 11.4% | 9.2% | 12.9% | 9 |
| 2000s | 7.2% | 6.2% | 8.8% | 10 |
| 2010s | 5.0% | 4.0% | 5.9% | 10 |
| 2020s | 4.3% | 2.9% | 5.4% | 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 deposit interest rate in Namibia?
- Deposit interest rate in Namibia was 5.4% in 2024, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest deposit interest rate recorded in Namibia?
- The highest recorded value was 12.9% in 1998.
- What is the lowest deposit interest rate recorded in Namibia?
- The lowest recorded value was 2.9% in 2021.
- How does Namibia rank for deposit interest rate?
- Namibia ranks 54th out of 153 countries with data for 2024.
- Is deposit interest rate rising or falling in Namibia?
- Over the last ten years it is up 26.6%. The long-run trend across the full record is falling.
- Where does this Namibia data come from?
- The figures come from International Financial Statistics database, International Monetary Fund (IMF), published as part of Deposit interest rate (%). Statizoid updates them automatically from the source API.
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About this data
Deposit interest rate is the rate paid by commercial or similar banks for demand, time, or savings deposits. The terms and conditions attached to these rates differ by country, however, limiting their comparability. This indicator is expressed as a percentage (a÷b)*100.