Services balance (credit less debit), Net (credits less debits) (US) in Namibia
Namibia: Services balance (credit less debit), Net (credits less debits) (US) was -1.18 million in 2024. ◆ Volatile
Services balance (credit less debit), Net (credits less debits) in Namibia, 2005–2024
Source: International Monetary Fund.
Analysis
Namibia recorded -1.18 million for services balance (credit less debit), net (credits less debits) in 2024.
Compared with earlier readings it is up 5.1% on the previous year and down 101.0% over ten years.
Over the whole period, services balance (credit less debit), net (credits less debits) in Namibia peaked at 197.12 million in 2015 and was at its lowest, -153.46 million, in 2013.
Namibia ranks 98th of 197 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Services balance (credit less debit), Net (credits less debits) (US) in Namibia, year by year
| Year | Value | Change |
|---|---|---|
| 2005 | 43.63 million | — |
| 2006 | 96.77 million | +121.8% |
| 2007 | 86.17 million | -11.0% |
| 2008 | -30.73 million | -135.7% |
| 2009 | 70.87 million | -330.6% |
| 2010 | -17.40 million | -124.6% |
| 2011 | 122.18 million | -802.1% |
| 2012 | 119.14 million | -2.5% |
| 2013 | -153.46 million | -228.8% |
| 2014 | 117.65 million | -176.7% |
| 2015 | 197.12 million | +67.5% |
| 2016 | -152.99 million | -177.6% |
| 2017 | 124.73 million | -181.5% |
| 2018 | 158.34 million | +26.9% |
| 2019 | 75.28 million | -52.5% |
| 2020 | -62.70 million | -183.3% |
| 2021 | -59.70 million | -4.8% |
| 2022 | -31.41 million | -47.4% |
| 2023 | -1.24 million | -96.0% |
| 2024 | -1.18 million | -5.1% |
Namibia compared with similar countries
- Namibia's -1.18 million is above the median for lower middle income countries, which is -329.10 million, 0% of the median. (46 countries reporting)
- Namibia's -1.18 million is above the median for Sub-Saharan Africa, which is -399.59 million, 0% of the median. (43 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 53.34 million | -30.73 million | 96.77 million | 5 |
| 2010s | 59.06 million | -153.46 million | 197.12 million | 10 |
| 2020s | -31.25 million | -62.70 million | -1.18 million | 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 services balance (credit less debit), net (credits less debits) in Namibia?
- Services balance (credit less debit), net (credits less debits) in Namibia was -1.18 million in 2024, according to International Monetary Fund.
- What is the highest services balance (credit less debit), net (credits less debits) recorded in Namibia?
- The highest recorded value was 197.12 million in 2015.
- What is the lowest services balance (credit less debit), net (credits less debits) recorded in Namibia?
- The lowest recorded value was -153.46 million in 2013.
- How does Namibia rank for services balance (credit less debit), net (credits less debits)?
- Namibia ranks 98th out of 197 countries with data for 2024.
- Is services balance (credit less debit), net (credits less debits) rising or falling in Namibia?
- Over the last ten years it is down 101.0%. 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 Services 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.