Interest payments in Namibia
Namibia: Interest payments was 14.1% in 2023. ▲ Rising
Interest payments in Namibia, 1991–2023
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of expense.
Analysis
In 2023, interest payments in Namibia stood at 14.1%. That is the highest value across all 27 years on record.
The figure is up 10.1% on the previous year and up 229.1% over ten years.
Over the whole period, interest payments in Namibia peaked at 14.1% in 2023 and was at its lowest, 0.7%, in 1992.
That places Namibia 33rd out of 152 countries with data for 2023, putting it in the top quarter.
The long-run direction has been consistently rising across the 27 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 3.0% | 0.7% | 7.4% | 3 |
| 2000s | 8.0% | 5.8% | 9.9% | 10 |
| 2010s | 6.2% | 3.7% | 11.0% | 10 |
| 2020s | 12.2% | 10.4% | 14.1% | 4 |
Countries ranked near Namibia
- 30 Fiji 14.6% compare
- 31 South Africa 14.3% compare
- 32 Cote d'Ivoire 14.1% compare
- 34 El Salvador 14.1% compare
- 35 Panama 13.4% compare
- 36 Senegal 13.2% compare
More public sector data for Namibia
- Arms imports 54.00 million SIPRI trend indicator values (2024)
- Tax revenue 33.9% (2024)
- Taxes on income, profits and capital gains 36.8% (2024)
- Taxes on goods and services 25.4% (2024)
- Net investment in nonfinancial assets 1.6% (2024)
- Net lending (+) / net borrowing (-) -4.7% (2024)
- Interest payments 14.7% (2024)
- Grants and other revenue 4.1% (2024)
- Other taxes 0.4% (2024)
- Compensation of employees 38.8% (2023)
Frequently asked questions
- What is interest payments in Namibia?
- Interest payments in Namibia was 14.1% in 2023, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest interest payments recorded in Namibia?
- The highest recorded value was 14.1% in 2023.
- What is the lowest interest payments recorded in Namibia?
- The lowest recorded value was 0.7% in 1992.
- How does Namibia rank for interest payments?
- Namibia ranks 33rd out of 152 countries with data for 2023.
- Is interest payments rising or falling in Namibia?
- Over the last ten years it is up 229.1%. The long-run trend across the full record is rising.
- 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 Interest payments (% of expense). Statizoid updates them automatically from the source API.
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CSV · JSON — 27 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Interest payments include interest payments on government debt (including long-term bonds, long-term loans, and other debt instruments) to domestic and foreign residents. This indicator is expressed as percentage of total expenses which is any decrease in net worth resulting from a transaction.