Source: IMF, World Economic Outlook (October 2026) · updated on
Public finances and external accounts
A fiscal deficit of 5.9 % of GDP
Namibia: in 2025, the general government spent 5.9 % of GDP more than it collected, public debt stood at 67.5 % of GDP, the current account showed a deficit of 13.1 % (IMF).
- Fiscal balance · 2025
- −5.9 %
- of GDP · +2.2 pt since 2020
- Public debt · 2025
- 67.5 %
- of GDP · +3.2 pt since 2020
- Current account · 2025
- −13.1 %
- of GDP · −17.0 pt since 2020
Fiscal balance, % of GDP
Negative: a deficit · dashed: estimates and projections
Chart data as a table
| Year | Namibia | Southern Africa |
|---|---|---|
| 2015 | −8.3 % | −4.2 % |
| 2016 | −9.3 % | −4.0 % |
| 2017 | −5.0 % | −4.7 % |
| 2018 | −5.1 % | −3.1 % |
| 2019 | −5.5 % | −4.0 % |
| 2020 | −8.1 % | −7.9 % |
| 2021 | −8.7 % | −4.5 % |
| 2022 | −6.3 % | −2.9 % |
| 2023 | −3.1 % | −5.1 % |
| 2024 | −3.8 % | −4.4 % |
| 2025 · estimate | −5.9 % | −4.9 % |
| 2026 · projection | −5.8 % | −4.2 % |
| 2027 · projection | −5.0 % | −3.9 % |
| 2028 · projection | −4.5 % | −3.9 % |
| 2029 · projection | −4.5 % | −3.8 % |
| 2030 · projection | −4.7 % | −3.7 % |
- Namibia
- Southern Africa
Source: IMF, World Economic Outlook (October 2026) · general government net lending or borrowing · group values weighted by GDP in dollars (Syli Atlas)
Current account, % of GDP
Trade, income and transfers with the rest of the world
Chart data as a table
| Year | Namibia |
|---|---|
| 2015 | −13.6 % |
| 2016 | −16.5 % |
| 2017 | −4.4 % |
| 2018 | −3.6 % |
| 2019 | −1.8 % |
| 2020 | +3.9 % |
| 2021 | −10.8 % |
| 2022 | −12.6 % |
| 2023 | −15.0 % |
| 2024 | −13.9 % |
| 2025 · estimate | −13.1 % |
| 2026 · projection | −16.9 % |
| 2027 · projection | −14.4 % |
| 2028 · projection | −12.8 % |
| 2029 · projection | −11.0 % |
| 2030 · projection | −10.1 % |
Source: IMF, World Economic Outlook (October 2026)
Currency
Namibian dollar
Namibia belongs to the Common Monetary Area: the Namibian dollar is at par with the South African rand, which also circulates in the country.
- Currency
- NAD
- Namibian dollar
- Exchange regime
- Fixed
- 1 ZAR = 1 NAD
- Inflation · 2025
- 3.5 %
- average annual change in consumer prices
- One US dollar
- 16.51 NAD
- rate of 2026-11-11
Currency codes: ISO 4217 · fixed parities: central banks (BCEAO, BEAC, Central Bank of the Comoros, Bank of Cape Verde…) · inflation: IMF, World Economic Outlook (October 2026) · dollar rate: Data by MansaAPI
Debt
The debt of Namibia
The World Bank publishes no external debt figures for Namibia.
- Public debt · 2025
- 67.5 %
- of GDP · IMF