Flag of na

Namibia Trade (% GDP)

Namibia's trade (% GDP) fell to 109.63% in 2024, down from 110.77% in 2023, according to World Bank. This represents a decrease of 1.14% from the previous year. Namibia has trade (% GDP) higher than the global median (109.63% vs median 84.49%). Compared with the median in Africa, Namibia is higher (109.63% vs regional median 62.95%) and ranks 5th out of 48 countries in Africa.

Yearly Historical Data (1980-2024)

(in %)
Year Trade (% GDP)
2024 109.63%
2023 110.77%
2022 99.26%
2021 83.54%
2020 76.93%
2019 82.9%
2018 81.71%
2017 81.22%
2016 93.97%
2015 97.24%
2014 103.08%
2013 97.72%
2012 100.21%
2011 102.19%
2010 108.07%
2009 123.76%
2008 119.64%
2007 104.98%
2006 86.83%
2005 80.68%
2004 81.86%
2003 95.95%
2002 94.42%
2001 88.58%
2000 85.13%
1999 91.1%
1998 92.13%
1997 92.84%
1996 96.54%
1995 93.56%
1994 89.49%
1993 96.1%
1992 91.97%
1991 93.86%
1990 93.76%
1989 96.38%
1988 91.01%
1987 97.85%
1986 102.71%
1985 91.73%
1984 96.91%
1983 97.7%
1982 113.29%
1981 124.18%
1980 126.66%
Namibia Trade (% GDP) : Definition
Trade (% GDP) measures the sum of exports and imports for Namibia divided by its total economic output, shown as a percentage.
Indicator Last Value Prior Value Period
Annual Exports $6.54B $5.53B 2024
Annual Imports $8.88B $7.3B 2024
Exports (% GDP) 41.64% 43.63% 2024
FDI Inflows (% GDP) 15.41% 18.49% 2024
Imports (% GDP) 67.98% 67.14% 2024
Net Trade (Goods & Services, BoP) -$3.31B -$2.71B 2024
Tariff Rate 7.09% 6.73% 2022