Domestic credit provided by financial sector (% of GDP) in Namibia
Namibia: Domestic credit provided by financial sector (% of GDP) was 80.4% in 2024. ▲ Rising
Domestic credit provided by financial sector in Namibia, 2015–2024
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
Namibia recorded 80.4% for domestic credit provided by financial sector in 2024.
That represents a change of down 1.6% on the previous year and up 15.0% over ten years.
Over the whole period, domestic credit provided by financial sector in Namibia peaked at 104.6% in 2021 and was at its lowest, 69.9%, in 2015.
That places Namibia 19th out of 65 countries with data for 2024, putting it in the middle of the range.
Domestic credit provided by financial sector (% of GDP) in Namibia, year by year
| Year | % of GDP | Change |
|---|---|---|
| 2015 | 69.9% | — |
| 2016 | 81.0% | +15.8% |
| 2017 | 80.2% | -1.0% |
| 2018 | 81.7% | +1.9% |
| 2019 | 91.2% | +11.5% |
| 2020 | 97.6% | +7.0% |
| 2021 | 104.6% | +7.2% |
| 2022 | 90.2% | -13.8% |
| 2023 | 81.7% | -9.4% |
| 2024 | 80.4% | -1.6% |
Namibia compared with similar countries
- Namibia's 80.4% is above the median for lower middle income countries, which is 37.7%, 2.1× the median. (17 countries reporting)
- Namibia's 80.4% is above the median for Sub-Saharan Africa, which is 51.1%, 1.6× the median. (12 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 80.8% | 69.9% | 91.2% | 5 |
| 2020s | 90.9% | 80.4% | 104.6% | 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 domestic credit provided by financial sector in Namibia?
- Domestic credit provided by financial sector in Namibia was 80.4% in 2024, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest domestic credit provided by financial sector recorded in Namibia?
- The highest recorded value was 104.6% in 2021.
- What is the lowest domestic credit provided by financial sector recorded in Namibia?
- The lowest recorded value was 69.9% in 2015.
- How does Namibia rank for domestic credit provided by financial sector?
- Namibia ranks 19th out of 65 countries with data for 2024.
- Is domestic credit provided by financial sector rising or falling in Namibia?
- Over the last ten years it is up 15.0%. The long-run trend across the full record is rising.
- Where does this Namibia data come from?
- The figures come from International Financial Statistics database, International Monetary Fund (IMF), published as part of Domestic credit provided by financial sector (% of GDP). Statizoid updates them automatically from the source API.
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About this data
Domestic credit provided by the financial sector includes all credit to various sectors on a gross basis, with the exception of credit to the central government, which is net. The financial sector includes monetary authorities and deposit money banks, as well as other financial corporations where data are available (including corporations that do not accept transferable deposits but do incur such liabilities as time and savings deposits). Examples of other financial corporations are finance and leasing companies, money lenders, insurance corporations, pension funds, and foreign exchange companies. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.