Services, Debit/Expenditure in Namibia
Namibia: Services, Debit/Expenditure was 2.47 billion in 2024. ◆ Volatile
Services, Debit/Expenditure in Namibia, 2005–2024
Source: International Monetary Fund.
Analysis
In 2024, services, debit/expenditure in Namibia stood at 2.47 billion. That is the highest value across all 20 years on record.
Compared with earlier readings it is up 6.6% on the previous year and up 179.8% over ten years.
Over the whole period, services, debit/expenditure in Namibia peaked at 2.47 billion in 2024 and was at its lowest, 367.37 million, in 2005.
Namibia ranks 114th of 198 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, Debit/Expenditure in Namibia, year by year
| Year | Value | Change |
|---|---|---|
| 2005 | 367.37 million | — |
| 2006 | 429.27 million | +16.8% |
| 2007 | 511.68 million | +19.2% |
| 2008 | 585.97 million | +14.5% |
| 2009 | 544.46 million | -7.1% |
| 2010 | 695.89 million | +27.8% |
| 2011 | 674.80 million | -3.0% |
| 2012 | 591.00 million | -12.4% |
| 2013 | 733.95 million | +24.2% |
| 2014 | 881.77 million | +20.1% |
| 2015 | 680.70 million | -22.8% |
| 2016 | 688.50 million | +1.1% |
| 2017 | 615.47 million | -10.6% |
| 2018 | 603.65 million | -1.9% |
| 2019 | 626.76 million | +3.8% |
| 2020 | 747.14 million | +19.2% |
| 2021 | 1.01 billion | +35.1% |
| 2022 | 1.10 billion | +8.9% |
| 2023 | 2.31 billion | +110.6% |
| 2024 | 2.47 billion | +6.6% |
Namibia compared with similar countries
- Namibia's 2.47 billion is above the median for lower middle income countries, which is 2.37 billion, 1.0× the median. (46 countries reporting)
- Namibia's 2.47 billion is above the median for Sub-Saharan Africa, which is 1.66 billion, 1.5× the median. (43 countries reporting)
Biggest year-on-year movements
Years where Services, Debit/Expenditure 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 |
|---|---|---|---|
| 2023 | +110.6% | 1.10 billion | 2.31 billion |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 487.75 million | 367.37 million | 585.97 million | 5 |
| 2010s | 679.25 million | 591.00 million | 881.77 million | 10 |
| 2020s | 1.53 billion | 747.14 million | 2.47 billion | 5 |
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 services, debit/expenditure in Namibia?
- Services, debit/expenditure in Namibia was 2.47 billion in 2024, according to International Monetary Fund.
- What is the highest services, debit/expenditure recorded in Namibia?
- The highest recorded value was 2.47 billion in 2024.
- What is the lowest services, debit/expenditure recorded in Namibia?
- The lowest recorded value was 367.37 million in 2005.
- How does Namibia rank for services, debit/expenditure?
- Namibia ranks 114th out of 198 countries with data for 2024.
- Is services, debit/expenditure rising or falling in Namibia?
- Over the last ten years it is up 179.8%. 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, Debit/Expenditure (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.