Current account balance (% of GNP) in Namibia
Namibia: Current account balance (% of GNP) 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.
Current account balance (% of GNP) in Namibia, year by year
| Year | % of GNP | Change |
|---|---|---|
| 2005 | 4.7% | — |
| 2006 | 13.7% | +192.8% |
| 2007 | 8.7% | -36.5% |
| 2008 | 3.0% | -65.6% |
| 2009 | -1.4% | -147.4% |
| 2010 | 1.0% | -170.6% |
| 2011 | -1.2% | -224.1% |
Namibia compared with similar countries
- Namibia's -1.2% is above the median for lower middle income countries, which is -7.0%, 18% of the median. (20 countries reporting)
- Namibia's -1.2% is above the median for Sub-Saharan Africa, which is -9.2%, 13% of the median. (35 countries reporting)
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
- Commodity Net Export Price Index, Individual Commodities Weighted by 132.76 (2025)
- Commodity Net Export Price Index, Individual Commodities Weighted by 104.01 (2025)
- Commodity Export Price Index, Individual Commodites Weighted by Ratio 102.89 (2025)
- Commodity Export Price Index, Individual Commodites Weighted by Ratio 136.68 (2025)
- Commodity Import Price Index, Individual Commodites Weighted by Ratio 98.92 (2025)
- Commodity Import Price Index, Individual Commodites Weighted by Ratio 80.67 (2025)
- Imports of low carbon technology products, Percent of GDP 2.29 (2024)
- Imports of low carbon technology products, US dollar (World), per 101.04 units per person (2024)
- Imports of low carbon technology products, US dollar (World), per 0.0224 units per US$ of GDP (2024)
- Exports of low carbon technology products, US dollar (World), gaps 78.60 million (2024)
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.