Compensation of employees in Namibia
Namibia: Compensation of employees was 35.48 billion current LCU in 2024. ◆ Volatile
Compensation of employees in Namibia, 1990–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
The most recent figure for compensation of employees in Namibia is 35.48 billion current LCU, measured in 2024. That is the highest value across all 35 years on record.
The figure is up 9.5% on the previous year and up 63.9% over ten years.
Over the whole period, compensation of employees in Namibia peaked at 35.48 billion current LCU in 2024 and was at its lowest, 922.80 million current LCU, in 1990.
Namibia ranks 88th 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.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 2.14 billion current LCU | 922.80 million current LCU | 3.62 billion current LCU | 10 |
| 2000s | 5.93 billion current LCU | 3.96 billion current LCU | 9.05 billion current LCU | 10 |
| 2010s | 21.57 billion current LCU | 10.80 billion current LCU | 29.58 billion current LCU | 10 |
| 2020s | 31.83 billion current LCU | 29.59 billion current LCU | 35.48 billion current LCU | 5 |
Countries ranked near Namibia
More public sector data for Namibia
- Arms imports 54.00 million SIPRI trend indicator values (2024)
- Tax revenue 33.9% (2024)
- Taxes on income, profits and capital gains 36.8% (2024)
- Taxes on goods and services 25.4% (2024)
- Net investment in nonfinancial assets 1.6% (2024)
- Net lending (+) / net borrowing (-) -4.7% (2024)
- Interest payments 14.7% (2024)
- Grants and other revenue 4.1% (2024)
- Interest payments 14.1% (2023)
- Other taxes 0.4% (2024)
Frequently asked questions
- What is compensation of employees in Namibia?
- Compensation of employees in Namibia was 35.48 billion current LCU in 2024, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest compensation of employees recorded in Namibia?
- The highest recorded value was 35.48 billion current LCU in 2024.
- What is the lowest compensation of employees recorded in Namibia?
- The lowest recorded value was 922.80 million current LCU in 1990.
- How does Namibia rank for compensation of employees?
- Namibia ranks 88th out of 156 countries with data for 2024.
- Is compensation of employees rising or falling in Namibia?
- Over the last ten years it is up 63.9%. The long-run trend across the full record is volatile.
- 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 Compensation of employees (current LCU). Statizoid updates them automatically from the source API.
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CSV · JSON — 35 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Compensation of employees is defined as the total remuneration, in cash or in kind, payable by an enterprise to an employee in return for work done by the latter during the accounting period. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.