Net incurrence of liabilities, total (current LCU) in Namibia
Namibia: Net incurrence of liabilities, total (current LCU) was 12.53 billion current LCU in 2024. ◆ Volatile
Net incurrence of liabilities, total in Namibia, 2000–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
Namibia recorded 12.53 billion current LCU for net incurrence of liabilities, total in 2024.
Compared with earlier readings it is up 40.9% on the previous year and up 168.4% over ten years.
Over the whole period, net incurrence of liabilities, total in Namibia peaked at 18.75 billion current LCU in 2015 and was at its lowest, -674.20 million current LCU, in 2009.
That places Namibia 77th out of 136 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Net incurrence of liabilities, total (current LCU) in Namibia, year by year
| Year | current LCU | Change |
|---|---|---|
| 2000 | 456.84 million current LCU | — |
| 2001 | 1.67 billion current LCU | +266.3% |
| 2002 | 866.46 million current LCU | -48.2% |
| 2003 | 1.79 billion current LCU | +106.4% |
| 2004 | 852.64 million current LCU | -52.3% |
| 2005 | 575.71 million current LCU | -32.5% |
| 2006 | -423.52 million current LCU | -173.6% |
| 2007 | -553.71 million current LCU | +30.7% |
| 2008 | 830.09 million current LCU | -249.9% |
| 2009 | -674.20 million current LCU | -181.2% |
| 2010 | 1.75 billion current LCU | -358.9% |
| 2011 | 6.93 billion current LCU | +297.2% |
| 2012 | -436.33 million current LCU | -106.3% |
| 2013 | 3.50 billion current LCU | -901.3% |
| 2014 | 4.67 billion current LCU | +33.5% |
| 2015 | 18.75 billion current LCU | +301.4% |
| 2016 | 8.49 billion current LCU | -54.7% |
| 2017 | 9.97 billion current LCU | +17.4% |
| 2018 | 8.97 billion current LCU | -10.0% |
| 2019 | 7.56 billion current LCU | -15.8% |
| 2020 | 13.58 billion current LCU | +79.7% |
| 2021 | 17.00 billion current LCU | +25.1% |
| 2022 | 13.57 billion current LCU | -20.2% |
| 2023 | 8.90 billion current LCU | -34.5% |
| 2024 | 12.53 billion current LCU | +40.9% |
Namibia compared with similar countries
- Namibia's 12.53 billion current LCU is below the median for lower middle income countries, which is 47.21 billion current LCU, 27% of the median. (34 countries reporting)
- Namibia's 12.53 billion current LCU is below the median for Sub-Saharan Africa, which is 126.91 billion current LCU, 10% of the median. (33 countries reporting)
Biggest year-on-year movements
Years where Net incurrence of liabilities, total (current LCU) 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 |
|---|---|---|---|
| 2013 | +901.3% | -436.33 million current LCU | 3.50 billion current LCU |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 539.21 million current LCU | -674.20 million current LCU | 1.79 billion current LCU | 10 |
| 2010s | 7.01 billion current LCU | -436.33 million current LCU | 18.75 billion current LCU | 10 |
| 2020s | 13.12 billion current LCU | 8.90 billion current LCU | 17.00 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 net incurrence of liabilities, total in Namibia?
- Net incurrence of liabilities, total in Namibia was 12.53 billion current LCU in 2024, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest net incurrence of liabilities, total recorded in Namibia?
- The highest recorded value was 18.75 billion current LCU in 2015.
- What is the lowest net incurrence of liabilities, total recorded in Namibia?
- The lowest recorded value was -674.20 million current LCU in 2009.
- How does Namibia rank for net incurrence of liabilities, total?
- Namibia ranks 77th out of 136 countries with data for 2024.
- Is net incurrence of liabilities, total rising or falling in Namibia?
- Over the last ten years it is up 168.4%. 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 Net incurrence of liabilities, total (current LCU). Statizoid updates them automatically from the source API.
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About this data
Net incurrence of government liabilities includes foreign financing (obtained from nonresidents) and domestic financing (obtained from residents), or the means by which a government provides financial resources to cover a budget deficit or allocates financial resources arising from a budget surplus. The net incurrence of liabilities should be offset by the net acquisition of financial assets. 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.