Current account balance in Namibia
Namibia: Current account balance was -1.2% in 2011. ◆ Volatile
Current account balance in Namibia, 2005–2011
Source: International Monetary Fund, Balance of Payments Statistics Yearbook and data files. Measured in % of GNP.
Analysis
The most recent figure for current account balance in Namibia is -1.2%, measured in 2011.
Compared with earlier readings it is down 224.1% on the previous year and down 126.5% over ten years.
Namibia ranks 10th of 41 countries on this measure, in the top quarter.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 5.7% | -1.4% | 13.7% | 5 |
| 2010s | -0.1% | -1.2% | 1.0% | 2 |
Countries ranked near Namibia
More trade data for Namibia
- Milking, dairy machinery (trade) — Import Value 52 1000 USD (2007)
- Milking, dairy machinery (trade) — Export Value 3 1000 USD (2007)
- Ploughs (e.g. reversible and non-reversible ploughs) — Import Value 482 1000 USD (2007)
- Pedestrian controlled tractors (single axle tractors) — Import Value 102 1000 USD (2007)
- Net long-term borrowing -6.97 million BoP, current US$ (2011)
- Pesticides imports 5.00 million FAO, current US$ (2010)
- Manure spreaders and Fertiliser distributors — Import Value 118 1000 USD (2007)
- Lead time to export, median case 3 days (2018)
- Food imports excluding fish 180.65 million FAO, current US$ (2010)
- Total agricultural imports 320.48 million FAO, current US$ (2010)
Frequently asked questions
- What is current account balance in Namibia?
- Current account balance in Namibia was -1.2% in 2011, according to International Monetary Fund, Balance of Payments Statistics Yearbook and data files.
- What is the highest current account balance recorded in Namibia?
- The highest recorded value was 13.7% in 2006.
- What is the lowest current account balance recorded in Namibia?
- The lowest recorded value was -1.4% in 2009.
- How does Namibia rank for current account balance?
- Namibia ranks 10th out of 41 countries with data for 2011.
- Is current account balance rising or falling in Namibia?
- Over the last ten years it is down 126.5%. The long-run trend across the full record is volatile.
- Where does this Namibia data come from?
- The figures come from International Monetary Fund, Balance of Payments Statistics Yearbook and data files, published as part of Current account balance (% of GNP). Statizoid updates them automatically from the source API.
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About this data
Current account balance is the sum of net exports of goods, services, net income, and net current transfers. Data are in current U.S. dollars. Data are divided by GNP at market prices in U.S. dollars to facilitate comparison across economies.