Domestic credit to private sector in Namibia
Namibia: Domestic credit to private sector was 55.1% in 2024. ▼ Falling
Domestic credit to private sector in Namibia, 2015–2024
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
In 2024, domestic credit to private sector in Namibia stood at 55.1%. That is the lowest value across all 10 years on record.
That represents a change of down 1.8% on the previous year and down 16.1% over ten years.
Over the whole period, domestic credit to private sector in Namibia peaked at 72.8% in 2020 and was at its lowest, 55.1%, in 2024.
Namibia ranks 68th of 187 countries on this measure, in the middle of the range.
Domestic credit to private sector in Namibia, year by year
| Year | % of GDP | Change |
|---|---|---|
| 2015 | 65.6% | — |
| 2016 | 68.6% | +4.5% |
| 2017 | 65.1% | -5.1% |
| 2018 | 65.8% | +1.2% |
| 2019 | 71.0% | +7.8% |
| 2020 | 72.8% | +2.6% |
| 2021 | 68.8% | -5.4% |
| 2022 | 61.4% | -10.8% |
| 2023 | 56.1% | -8.7% |
| 2024 | 55.1% | -1.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 67.2% | 65.1% | 71.0% | 5 |
| 2020s | 62.8% | 55.1% | 72.8% | 5 |
Countries ranked near Namibia
- 65 Palestine, State of 56.5% compare
- 66 North Macedonia 56.3% compare
- 67 Paraguay 55.7% compare
- 69 Russian Federation 54.6% compare
- 70 Cape Verde 54.0% compare
- 71 Eritrea 53.2%
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 to private sector in Namibia?
- Domestic credit to private sector in Namibia was 55.1% in 2024, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest domestic credit to private sector recorded in Namibia?
- The highest recorded value was 72.8% in 2020.
- What is the lowest domestic credit to private sector recorded in Namibia?
- The lowest recorded value was 55.1% in 2024.
- How does Namibia rank for domestic credit to private sector?
- Namibia ranks 68th out of 187 countries with data for 2024.
- Is domestic credit to private sector rising or falling in Namibia?
- Over the last ten years it is down 16.1%. 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 Domestic credit to private sector (% of GDP). Statizoid updates them automatically from the source API.
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About this data
Domestic credit to private sector refers to financial resources provided to the private sector by financial corporations, such as through loans, purchases of nonequity securities, and trade credits and other accounts receivable, that establish a claim for repayment. For some countries these claims include credit to public enterprises. The financial corporations include 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.