Goods balance (credit less debit), Percent of GDP (Balance of) in Namibia
Namibia: Goods balance (credit less debit), Percent of GDP (Balance of) was -10.16 in 2027. ◆ Volatile
Goods balance (credit less debit), Percent of GDP (Balance of) in Namibia, 2000–2027
Source: International Monetary Fund.
Analysis
In 2027, goods balance (credit less debit), percent of gdp (balance of) in Namibia stood at -10.16.
Compared with earlier readings it is up 16.4% on the previous year and up 27.7% over ten years.
Over the whole period, goods balance (credit less debit), percent of gdp (balance of) in Namibia peaked at 1.33 in 2006 and was at its lowest, -27.43, in 2015.
That places Namibia 34th out of 45 countries with data for 2027, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Goods balance (credit less debit), Percent of GDP (Balance of) in Namibia, year by year
| Year | Value | Change |
|---|---|---|
| 2000 | -0.0129 | — |
| 2001 | -5.65 | +43611.9% |
| 2002 | -6.21 | +10.0% |
| 2003 | -9.33 | +50.2% |
| 2004 | -4.24 | -54.6% |
| 2005 | -3.53 | -16.8% |
| 2006 | 1.33 | -137.7% |
| 2007 | -2.05 | -254.6% |
| 2008 | -11.29 | +450.2% |
| 2009 | -16.2 | +43.5% |
| 2010 | -11.58 | -28.5% |
| 2011 | -13.48 | +16.4% |
| 2012 | -17.62 | +30.7% |
| 2013 | -19.23 | +9.1% |
| 2014 | -23.6 | +22.7% |
| 2015 | -27.43 | +16.2% |
| 2016 | -22.51 | -17.9% |
| 2017 | -14.06 | -37.5% |
| 2018 | -11.37 | -19.1% |
| 2019 | -10.37 | -8.8% |
| 2020 | -8.88 | -14.4% |
| 2021 | -14.4 | +62.2% |
| 2022 | -15.44 | +7.2% |
| 2023 | -11.93 | -22.7% |
| 2024 | -15.71 | +31.7% |
| 2025 | -9.41 | -40.1% |
| 2026 | -12.16 | +29.3% |
| 2027 | -10.16 | -16.4% |
Namibia compared with similar countries
- Namibia's -10.16 is below the median for Sub-Saharan Africa, which is -2.52, 4.0× the median. (45 countries reporting)
- Namibia's -10.16 is below the median for lower middle income countries, which is -1.5, 6.8× the median. (19 countries reporting)
Biggest year-on-year movements
Years where Goods balance (credit less debit), Percent of GDP (Balance of) in Namibia changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2001 | -43611.9% | -0.0129 | -5.65 |
| 2008 | -450.2% | -2.05 | -11.29 |
| 2007 | -254.6% | 1.33 | -2.05 |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -5.72 | -16.2 | 1.33 | 10 |
| 2010s | -17.12 | -27.43 | -10.37 | 10 |
| 2020s | -12.26 | -15.71 | -8.88 | 8 |
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 goods balance (credit less debit), percent of gdp (balance of) in Namibia?
- Goods balance (credit less debit), percent of gdp (balance of) in Namibia was -10.16 in 2027, according to International Monetary Fund.
- What is the highest goods balance (credit less debit), percent of gdp (balance of) recorded in Namibia?
- The highest recorded value was 1.33 in 2006.
- What is the lowest goods balance (credit less debit), percent of gdp (balance of) recorded in Namibia?
- The lowest recorded value was -27.43 in 2015.
- How does Namibia rank for goods balance (credit less debit), percent of gdp (balance of)?
- Namibia ranks 34th out of 45 countries with data for 2027.
- Is goods balance (credit less debit), percent of gdp (balance of) rising or falling in Namibia?
- Over the last ten years it is up 27.7%. 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 Goods balance (credit less debit), Percent of GDP (Balance of Payments and International Investment Position Manual, Sixth Edition (BPM6)). Statizoid updates them automatically from the source API.
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About this data
Sub-Saharan Africa Regional Economic Outlook (REO) provides information on recent economic developments and prospects for countries in sub-Saharan Africa. Data for the REO for sub-Saharan Africa are prepared in conjunction with the semi-annual World Economic Outlook (WEO) exercises, spring and fall.