Social contributions in Namibia
Namibia: Social contributions was 0.6% in 2024. ▼ Falling
Social contributions in Namibia, 2016–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of revenue.
Analysis
In 2024, social contributions in Namibia stood at 0.6%. That is the lowest value across all 9 years on record.
The figure is down 2.9% on the previous year and down 22.5% over ten years.
Over the whole period, social contributions in Namibia peaked at 0.9% in 2021 and was at its lowest, 0.6%, in 2024.
That places Namibia 96th out of 112 countries with data for 2024, putting it in the bottom quarter.
Social contributions in Namibia, year by year
| Year | % of revenue | Change |
|---|---|---|
| 2016 | 0.8% | — |
| 2017 | 0.7% | -11.5% |
| 2018 | 0.8% | +15.1% |
| 2019 | 0.7% | -4.8% |
| 2020 | 0.8% | +4.8% |
| 2021 | 0.9% | +9.7% |
| 2022 | 0.8% | -11.8% |
| 2023 | 0.6% | -18.9% |
| 2024 | 0.6% | -2.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 0.7% | 0.7% | 0.8% | 4 |
| 2020s | 0.7% | 0.6% | 0.9% | 5 |
Countries ranked near Namibia
- 93 Armenia 0.7%
- 94 Australia 0.6%
- 95 Afghanistan 0.6%
- 97 Bhutan 0.5% compare
- 98 Seychelles 0.5%
- 99 Mozambique 0.5% 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 social contributions in Namibia?
- Social contributions in Namibia was 0.6% 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 0.9% in 2021.
- What is the lowest social contributions recorded in Namibia?
- The lowest recorded value was 0.6% in 2024.
- How does Namibia rank for social contributions?
- Namibia ranks 96th out of 112 countries with data for 2024.
- Is social contributions rising or falling in Namibia?
- Over the last ten years it is down 22.5%. The long-run trend across the full record is falling.
- 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 (% of revenue). Statizoid updates them automatically from the source API.
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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 as a percentage of revenue which includes all transactions that add to the amount of economic value of a unit or sector.