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Namibia GDP

Namibia's GDP rose to $13.37 billion in 2024, up from $12.41 billion in 2023, according to World Bank. This represents an increase of 7.8% ($964.08 million) from the previous year and accounts for 0.01% of the world's total GDP. Namibia has GDP lower than the global median ($13.37 billion vs median $35.85 billion). Compared with the median in Africa, Namibia is lower ($13.37 billion vs regional median $20.75 billion) and ranks 34th out of 52 countries in Africa.

Namibia's GDP per capita rose to $4,034.35 in 2024, up from $3,977.98 in 2023.

Yearly Historical Data (1980-2024)

(in Billion USD)
Year GDP (Billion USD)
2024 13.37
2023 12.41
2022 12.57
2021 12.4
2020 10.58
2019 12.54
2018 13.68
2017 12.9
2016 10.72
2015 11.34
2014 12.44
2013 12.04
2012 13.04
2011 12.52
2010 11.43
2009 8.94
2008 8.61
2007 8.84
2006 8
2005 7.25
2004 6.61
2003 4.93
2002 3.35
2001 3.56
2000 3.92
1999 3.87
1998 3.87
1997 4.15
1996 3.99
1995 3.98
1994 3.67
1993 3.25
1992 3.43
1991 3
1990 2.79
1989 2.54
1988 2.5
1987 2.3
1986 1.81
1985 1.61
1984 1.95
1983 2.3
1982 2.12
1981 2.25
1980 2.42
Namibia GDP : Definition
GDP measures the total value of all goods and services produced in Namibia, measured in current US dollars. It is also called Nominal GDP.
Indicator Last Value Prior Value Period
GDP Annual Growth Rate 3.71% 4.44% 2024
GDP per Capita $4,034.35 $3,977.98 2024
GDP per Capita PPP $10,281.34 $10,137.67 2024
R&D Expenditure (% GDP) 0.65% 0.35% 2022
Real GDP $12.22B $11.79B 2024