Compensation of employees (current LCU) in Namibia
Namibia: Compensation of employees (current LCU) was 35.48 billion current LCU in 2024. ◆ Volatile
Compensation of employees in Namibia, 1990–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
The most recent figure for compensation of employees in Namibia is 35.48 billion current LCU, measured in 2024. That is the highest value across all 35 years on record.
The figure is up 9.5% on the previous year and up 63.9% over ten years.
Over the whole period, compensation of employees in Namibia peaked at 35.48 billion current LCU in 2024 and was at its lowest, 922.80 million current LCU, in 1990.
Namibia ranks 88th of 156 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.
Compensation of employees (current LCU) in Namibia, year by year
| Year | current LCU | Change |
|---|---|---|
| 1990 | 922.80 million current LCU | — |
| 1991 | 1.25 billion current LCU | +35.4% |
| 1992 | 1.52 billion current LCU | +21.8% |
| 1993 | 1.58 billion current LCU | +3.9% |
| 1994 | 1.76 billion current LCU | +11.0% |
| 1995 | 2.09 billion current LCU | +18.8% |
| 1996 | 2.65 billion current LCU | +27.0% |
| 1997 | 2.83 billion current LCU | +6.8% |
| 1998 | 3.16 billion current LCU | +11.7% |
| 1999 | 3.62 billion current LCU | +14.4% |
| 2000 | 3.96 billion current LCU | +9.4% |
| 2001 | 4.51 billion current LCU | +13.9% |
| 2002 | 4.71 billion current LCU | +4.4% |
| 2003 | 5.12 billion current LCU | +8.7% |
| 2004 | 5.45 billion current LCU | +6.4% |
| 2005 | 5.89 billion current LCU | +8.1% |
| 2006 | 6.21 billion current LCU | +5.5% |
| 2007 | 6.83 billion current LCU | +9.9% |
| 2008 | 7.56 billion current LCU | +10.7% |
| 2009 | 9.05 billion current LCU | +19.7% |
| 2010 | 10.80 billion current LCU | +19.4% |
| 2011 | 12.69 billion current LCU | +17.5% |
| 2012 | 13.93 billion current LCU | +9.7% |
| 2013 | 17.93 billion current LCU | +28.8% |
| 2014 | 21.65 billion current LCU | +20.8% |
| 2015 | 23.95 billion current LCU | +10.6% |
| 2016 | 26.71 billion current LCU | +11.5% |
| 2017 | 29.17 billion current LCU | +9.2% |
| 2018 | 29.32 billion current LCU | +0.5% |
| 2019 | 29.58 billion current LCU | +0.9% |
| 2020 | 29.59 billion current LCU | +0.0% |
| 2021 | 30.21 billion current LCU | +2.1% |
| 2022 | 31.47 billion current LCU | +4.2% |
| 2023 | 32.39 billion current LCU | +2.9% |
| 2024 | 35.48 billion current LCU | +9.5% |
Namibia compared with similar countries
- Namibia's 35.48 billion current LCU is below the median for lower middle income countries, which is 145.99 billion current LCU, 24% of the median. (36 countries reporting)
- Namibia's 35.48 billion current LCU is below the median for Sub-Saharan Africa, which is 317.20 billion current LCU, 11% of the median. (36 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 2.14 billion current LCU | 922.80 million current LCU | 3.62 billion current LCU | 10 |
| 2000s | 5.93 billion current LCU | 3.96 billion current LCU | 9.05 billion current LCU | 10 |
| 2010s | 21.57 billion current LCU | 10.80 billion current LCU | 29.58 billion current LCU | 10 |
| 2020s | 31.83 billion current LCU | 29.59 billion current LCU | 35.48 billion current LCU | 5 |
Countries ranked near Namibia
More public sector data for Namibia
- Democracy, annual growth rate 0 % change on previous year (2025)
- Chief executive of the government is elected, annual growth rate 0 % change on previous year (2025)
- Elected parliament, annual growth rate 0 % change on previous year (2025)
- Men's universal right to vote, annual growth rate 0 % change on previous year (2025)
- Universal right to vote, annual growth rate 0 % change on previous year (2025)
- Universal right to vote in practice, annual growth rate 0 % change on previous year (2025)
- Arms imports 0 SIPRI trend indicator values (2025)
- Arms imports (SIPRI trend indicator values), per capita 17.82 SIPRI trend indicator values per person (2024)
- Arms imports (SIPRI trend indicator values), per unit of GDP 0.004 SIPRI trend indicator values per US$ of GDP (2024)
- Arms imports (SIPRI trend indicator values), annual growth rate -77.78 % change on previous year (2014)
Frequently asked questions
- What is compensation of employees in Namibia?
- Compensation of employees in Namibia was 35.48 billion current LCU in 2024, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest compensation of employees recorded in Namibia?
- The highest recorded value was 35.48 billion current LCU in 2024.
- What is the lowest compensation of employees recorded in Namibia?
- The lowest recorded value was 922.80 million current LCU in 1990.
- How does Namibia rank for compensation of employees?
- Namibia ranks 88th out of 156 countries with data for 2024.
- Is compensation of employees rising or falling in Namibia?
- Over the last ten years it is up 63.9%. The long-run trend across the full record is volatile.
- Where does this Namibia data come from?
- The figures come from Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Compensation of employees (current LCU). Statizoid updates them automatically from the source API.
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About this data
Compensation of employees is defined as the total remuneration, in cash or in kind, payable by an enterprise to an employee in return for work done by the latter during the accounting period. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.