Taxes on goods and services (current LCU), annual growth rate in Namibia
Namibia: Taxes on goods and services (current LCU), annual growth rate was 14.12 % change on previous year in 2024. ◆ Volatile
Taxes on goods and services (current LCU), annual growth rate in Namibia, 1991–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
Namibia recorded 14.12 % change on previous year for taxes on goods and services (current lcu), annual growth rate in 2024.
Compared with earlier readings it is down 38.0% on the previous year and up 71.2% over ten years.
Over the whole period, taxes on goods and services (current lcu), annual growth rate in Namibia peaked at 60.67 % change on previous year in 2005 and was at its lowest, -24.58 % change on previous year, in 2020.
Namibia ranks 56th of 156 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.
Taxes on goods and services (current LCU), annual growth rate in Namibia, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1991 | 20.13 % change on previous year | — |
| 1992 | 38.98 % change on previous year | +93.7% |
| 2001 | 7.7 % change on previous year | -80.2% |
| 2002 | 1.44 % change on previous year | -81.3% |
| 2003 | -7.93 % change on previous year | -651.3% |
| 2004 | 7.13 % change on previous year | -189.9% |
| 2005 | 60.67 % change on previous year | +750.7% |
| 2006 | -1.66 % change on previous year | -102.7% |
| 2007 | 25.29 % change on previous year | -1619.0% |
| 2008 | 7.2 % change on previous year | -71.5% |
| 2009 | 19.96 % change on previous year | +177.2% |
| 2010 | 1.63 % change on previous year | -91.8% |
| 2011 | 50.16 % change on previous year | +2981.2% |
| 2012 | -17.16 % change on previous year | -134.2% |
| 2013 | 45.37 % change on previous year | -364.4% |
| 2014 | 8.25 % change on previous year | -81.8% |
| 2015 | 15.27 % change on previous year | +85.1% |
| 2016 | 2.67 % change on previous year | -82.5% |
| 2017 | -3.36 % change on previous year | -225.7% |
| 2018 | 5.49 % change on previous year | -263.4% |
| 2019 | 5.5 % change on previous year | +0.1% |
| 2020 | -24.58 % change on previous year | -547.0% |
| 2021 | 30.61 % change on previous year | -224.6% |
| 2022 | 18.95 % change on previous year | -38.1% |
| 2023 | 22.76 % change on previous year | +20.1% |
| 2024 | 14.12 % change on previous year | -38.0% |
Namibia compared with similar countries
- Namibia's 14.12 % change on previous year is below the median for lower middle income countries, which is 15.92 % change on previous year, 89% of the median. (37 countries reporting)
- Namibia's 14.12 % change on previous year is above the median for Sub-Saharan Africa, which is 12.33 % change on previous year, 1.1× the median. (35 countries reporting)
Biggest year-on-year movements
Years where Taxes on goods and services (current LCU), annual growth rate 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 |
|---|---|---|---|
| 2011 | +2981.2% | 1.63 % change on previous year | 50.16 % change on previous year |
| 2007 | +1619.0% | -1.66 % change on previous year | 25.29 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 29.55 % change on previous year | 20.13 % change on previous year | 38.98 % change on previous year | 2 |
| 2000s | 13.31 % change on previous year | -7.93 % change on previous year | 60.67 % change on previous year | 9 |
| 2010s | 11.38 % change on previous year | -17.16 % change on previous year | 50.16 % change on previous year | 10 |
| 2020s | 12.38 % change on previous year | -24.58 % change on previous year | 30.61 % change on previous year | 5 |
Countries ranked near Namibia
- 53 Paraguay 14.9 % change on previous year compare
- 54 Georgia 14.75 % change on previous year compare
- 55 Bosnia and Herzegovina 14.64 % change on previous year compare
- 57 North Macedonia 13.63 % change on previous year compare
- 58 Nicaragua 13.53 % change on previous year compare
- 59 United States 13.51 % change on previous year 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)
- 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)
- Universal right to vote, annual growth rate 0 % change on previous year (2025)
- Men's universal right to vote, 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 taxes on goods and services (current lcu), annual growth rate in Namibia?
- Taxes on goods and services (current lcu), annual growth rate in Namibia was 14.12 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest taxes on goods and services (current lcu), annual growth rate recorded in Namibia?
- The highest recorded value was 60.67 % change on previous year in 2005.
- What is the lowest taxes on goods and services (current lcu), annual growth rate recorded in Namibia?
- The lowest recorded value was -24.58 % change on previous year in 2020.
- How does Namibia rank for taxes on goods and services (current lcu), annual growth rate?
- Namibia ranks 56th out of 156 countries with data for 2024.
- Is taxes on goods and services (current lcu), annual growth rate rising or falling in Namibia?
- Over the last ten years it is up 71.2%. The long-run trend across the full record is volatile.
- Where does this Namibia data come from?
- The figures come from Statizoid (derived), published as part of Taxes on goods and services (current LCU), annual growth rate. Statizoid updates them automatically from the source API.
Download this data
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How this figure is calculated
The year-on-year percentage change in Taxes on goods and services (current LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Taxes on goods and services Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF)
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
The year-on-year percentage change in Taxes on goods and services (current LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.