Net incurrence of liabilities, total (% of GDP) in Namibia
Namibia: Net incurrence of liabilities, total (% of GDP) was 5.0% 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 % of GDP.
Analysis
In 2024, net incurrence of liabilities, total in Namibia stood at 5.0%.
Compared with earlier readings it is up 30.1% on the previous year and up 44.7% over ten years.
Over the whole period, net incurrence of liabilities, total in Namibia peaked at 12.8% in 2015 and was at its lowest, -0.9%, in 2007.
Namibia ranks 41st of 136 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.
Net incurrence of liabilities, total (% of GDP) in Namibia, year by year
| Year | % of GDP | Change |
|---|---|---|
| 2000 | 1.7% | — |
| 2001 | 5.5% | +225.6% |
| 2002 | 2.5% | -55.1% |
| 2003 | 4.8% | +95.5% |
| 2004 | 2.0% | -58.4% |
| 2005 | 1.2% | -37.6% |
| 2006 | -0.8% | -162.8% |
| 2007 | -0.9% | +13.5% |
| 2008 | 1.2% | -231.6% |
| 2009 | -0.9% | -175.7% |
| 2010 | 2.1% | -335.3% |
| 2011 | 7.6% | +264.1% |
| 2012 | -0.4% | -105.4% |
| 2013 | 3.0% | -829.3% |
| 2014 | 3.5% | +16.3% |
| 2015 | 12.8% | +270.7% |
| 2016 | 5.4% | -58.1% |
| 2017 | 5.8% | +7.9% |
| 2018 | 5.0% | -14.7% |
| 2019 | 4.2% | -15.9% |
| 2020 | 7.8% | +86.9% |
| 2021 | 9.3% | +19.0% |
| 2022 | 6.6% | -28.8% |
| 2023 | 3.9% | -41.7% |
| 2024 | 5.0% | +30.1% |
Namibia compared with similar countries
- Namibia's 5.0% is above the median for lower middle income countries, which is 2.9%, 1.7× the median. (34 countries reporting)
- Namibia's 5.0% is above the median for Sub-Saharan Africa, which is 3.9%, 1.3× the median. (33 countries reporting)
Biggest year-on-year movements
Years where Net incurrence of liabilities, total (% of GDP) 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 | +829.3% | -0.4% | 3.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 1.6% | -0.9% | 5.5% | 10 |
| 2010s | 4.9% | -0.4% | 12.8% | 10 |
| 2020s | 6.5% | 3.9% | 9.3% | 5 |
Countries ranked near Namibia
- 38 Mauritius 5.2% compare
- 39 Moldova 5.2% compare
- 40 Canada 5.0% compare
- 42 Solomon Islands 5.0% compare
- 43 Cote d'Ivoire 5.0% compare
- 44 Mozambique 4.9% compare
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 5.0% 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 12.8% in 2015.
- What is the lowest net incurrence of liabilities, total recorded in Namibia?
- The lowest recorded value was -0.9% in 2007.
- How does Namibia rank for net incurrence of liabilities, total?
- Namibia ranks 41st 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 44.7%. 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 (% of GDP). 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 as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.