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 152 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.
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
- Domestic credit to private sector by banks 46.1% (2025)
- Total reserves in months of imports 3.96 (2024)
- Net domestic credit 179.55 billion current LCU (2025)
- Net foreign assets 74.34 billion current LCU (2025)
- Monetary Sector credit to private sector 46.2% (2025)
- Broad money 72.6% (2021)
- Claims on central government, etc. 18.1% (2025)
- Domestic credit to private sector 55.1% (2024)
- Official exchange rate 17.89 LCU per US$, period average (2025)
- Net migration 1,866 (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 152 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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CSV · JSON — 34 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
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.