Secondary income balance (credit less debit), Net (credits less) in Namibia
Namibia: Secondary income balance (credit less debit), Net (credits less) was 1.70 billion in 2024. ▲ Rising
Secondary income balance (credit less debit), Net (credits less) in Namibia, 2005–2024
Source: International Monetary Fund.
Analysis
Namibia recorded 1.70 billion for secondary income balance (credit less debit), net (credits less) in 2024.
The figure is up 20.7% on the previous year and down 0.7% over ten years.
Over the whole period, secondary income balance (credit less debit), net (credits less) in Namibia peaked at 1.71 billion in 2014 and was at its lowest, 670.03 million, in 2005.
That places Namibia 56th out of 197 countries with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently rising across the 20 years of available data.
Secondary income balance (credit less debit), Net (credits less) in Namibia, year by year
| Year | Value | Change |
|---|---|---|
| 2005 | 670.03 million | — |
| 2006 | 946.79 million | +41.3% |
| 2007 | 999.03 million | +5.5% |
| 2008 | 1.13 billion | +13.2% |
| 2009 | 1.15 billion | +2.0% |
| 2010 | 1.15 billion | -0.1% |
| 2011 | 811.56 million | -29.6% |
| 2012 | 1.61 billion | +98.5% |
| 2013 | 1.54 billion | -4.4% |
| 2014 | 1.71 billion | +11.4% |
| 2015 | 1.40 billion | -18.1% |
| 2016 | 1.06 billion | -24.2% |
| 2017 | 1.44 billion | +35.0% |
| 2018 | 1.42 billion | -1.2% |
| 2019 | 1.31 billion | -7.7% |
| 2020 | 1.46 billion | +11.1% |
| 2021 | 1.29 billion | -11.6% |
| 2022 | 1.04 billion | -19.3% |
| 2023 | 1.41 billion | +35.8% |
| 2024 | 1.70 billion | +20.7% |
Namibia compared with similar countries
- Namibia's 1.70 billion is above the median for lower middle income countries, which is 1.03 billion, 1.6× the median. (46 countries reporting)
- Namibia's 1.70 billion is above the median for Sub-Saharan Africa, which is 679.29 million, 2.5× the median. (43 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 980.19 million | 670.03 million | 1.15 billion | 5 |
| 2010s | 1.35 billion | 811.56 million | 1.71 billion | 10 |
| 2020s | 1.38 billion | 1.04 billion | 1.70 billion | 5 |
Countries ranked near Namibia
- 53 Croatia 1.86 billion compare
- 54 Algeria 1.73 billion compare
- 55 Tajikistan 1.72 billion compare
- 57 Moldova 1.58 billion compare
- 58 West Bank and Gaza 1.57 billion compare
- 59 Democratic Republic of Congo 1.50 billion compare
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 secondary income balance (credit less debit), net (credits less) in Namibia?
- Secondary income balance (credit less debit), net (credits less) in Namibia was 1.70 billion in 2024, according to International Monetary Fund.
- What is the highest secondary income balance (credit less debit), net (credits less) recorded in Namibia?
- The highest recorded value was 1.71 billion in 2014.
- What is the lowest secondary income balance (credit less debit), net (credits less) recorded in Namibia?
- The lowest recorded value was 670.03 million in 2005.
- How does Namibia rank for secondary income balance (credit less debit), net (credits less)?
- Namibia ranks 56th out of 197 countries with data for 2024.
- Is secondary income balance (credit less debit), net (credits less) rising or falling in Namibia?
- Over the last ten years it is down 0.7%. The long-run trend across the full record is rising.
- Where does this Namibia data come from?
- The figures come from International Monetary Fund, published as part of Secondary income balance (credit less debit), Net (credits less debits) (US dollar). Statizoid updates them automatically from the source API.
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About this data
The World and Country Group Aggregates (historically called BOPSY) is an annual publication, released each November, of major balance of payments and international investment position components for countries, country groups, and the world.