Net incurrence of liabilities, total in Namibia
Namibia: Net incurrence of liabilities, total 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 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% |
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 Türkiye 5.1% compare
- 40 Canada 5.0% compare
- 42 Solomon Islands 5.0% compare
- 43 Côte d'Ivoire 5.0% compare
- 44 Mozambique 4.9% compare
More public sector data for Namibia
- Arms imports 54.00 million SIPRI trend indicator values (2024)
- 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)
- Arms imports (SIPRI trend indicator values), gaps filled 54.00 million SIPRI trend indicator values (2024)
- Military expenditure (current USD), per capita 119.6 current USD per person (2024)
- Military expenditure (current USD), per unit of GDP 0.0266 current USD per US$ of GDP (2024)
- Military expenditure (current USD), annual growth rate 6.77 % change on previous year (2024)
- Military expenditure (current USD), gaps filled 362.39 million current USD (2024)
- Arms imports (SIPRI trend indicator values), per square kilometre 42.51 SIPRI trend indicator values per square kilometre (2017)
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.