Social contributions in Namibia
Namibia: Social contributions was 529.15 million current LCU in 2024. ▲ Rising
Social contributions in Namibia, 2016–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
Namibia recorded 529.15 million current LCU for social contributions in 2024. That is the highest value across all 9 years on record.
The figure is up 5.9% on the previous year and up 40.6% over ten years.
Over the whole period, social contributions in Namibia peaked at 529.15 million current LCU in 2024 and was at its lowest, 376.23 million current LCU, in 2016.
That places Namibia 94th out of 112 countries with data for 2024, putting it in the bottom quarter.
Social contributions in Namibia, year by year
| Year | current LCU | Change |
|---|---|---|
| 2016 | 376.23 million current LCU | — |
| 2017 | 381.04 million current LCU | +1.3% |
| 2018 | 435.70 million current LCU | +14.3% |
| 2019 | 435.81 million current LCU | +0.0% |
| 2020 | 451.42 million current LCU | +3.6% |
| 2021 | 474.39 million current LCU | +5.1% |
| 2022 | 485.97 million current LCU | +2.4% |
| 2023 | 499.76 million current LCU | +2.8% |
| 2024 | 529.15 million current LCU | +5.9% |
Namibia compared with similar countries
- Namibia's 529.15 million current LCU is below the median for lower middle income countries, which is 15.58 billion current LCU, 3% of the median. (20 countries reporting)
- Namibia's 529.15 million current LCU is below the median for Sub-Saharan Africa, which is 7.63 billion current LCU, 7% of the median. (18 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 407.19 million current LCU | 376.23 million current LCU | 435.81 million current LCU | 4 |
| 2020s | 488.14 million current LCU | 451.42 million current LCU | 529.15 million current LCU | 5 |
Countries ranked near Namibia
More public sector data for Namibia
- Democracy, 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)
- Elected parliament, 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)
- Democracy 7 (2025)
- Chief executive of the government is elected 1 (2025)
- Elected parliament 1 (2025)
- Men's universal right to vote 1 (2025)
Frequently asked questions
- What is social contributions in Namibia?
- Social contributions in Namibia was 529.15 million current LCU in 2024, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest social contributions recorded in Namibia?
- The highest recorded value was 529.15 million current LCU in 2024.
- What is the lowest social contributions recorded in Namibia?
- The lowest recorded value was 376.23 million current LCU in 2016.
- How does Namibia rank for social contributions?
- Namibia ranks 94th out of 112 countries with data for 2024.
- Is social contributions rising or falling in Namibia?
- Over the last ten years it is up 40.6%. 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 Social contributions (current LCU). Statizoid updates them automatically from the source API.
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CSV · JSON — 9 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Social contributions are actual or imputed contributions payable to social insurance schemes to make provisions for social benefits to be paid. 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.