Goods and services expense in Namibia
Namibia: Goods and services expense was 12.22 billion current LCU in 2024. ◆ Volatile
Goods and services expense in Namibia, 1990–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
Namibia recorded 12.22 billion current LCU for goods and services expense in 2024. That is the highest value across all 35 years on record.
Compared with earlier readings it is up 16.5% on the previous year and up 41.1% over ten years.
Over the whole period, goods and services expense in Namibia peaked at 12.22 billion current LCU in 2024 and was at its lowest, 566.80 million current LCU, in 1990.
That places Namibia 98th out of 155 countries with data for 2024, putting it 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 | 1.04 billion current LCU | 566.80 million current LCU | 1.58 billion current LCU | 10 |
| 2000s | 2.49 billion current LCU | 1.64 billion current LCU | 4.27 billion current LCU | 10 |
| 2010s | 7.01 billion current LCU | 4.11 billion current LCU | 9.18 billion current LCU | 10 |
| 2020s | 9.83 billion current LCU | 8.37 billion current LCU | 12.22 billion current LCU | 5 |
Countries ranked near Namibia
- 95 Guatemala 14.03 billion current LCU compare
- 96 Azerbaijan 13.81 billion current LCU compare
- 97 Niger 12.99 billion current LCU compare
- 99 Trinidad and Tobago 11.66 billion current LCU compare
- 100 Vanuatu 11.22 billion current LCU compare
- 101 Cape Verde 11.14 billion current LCU compare
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 goods and services expense in Namibia?
- Goods and services expense in Namibia was 12.22 billion current LCU in 2024, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest goods and services expense recorded in Namibia?
- The highest recorded value was 12.22 billion current LCU in 2024.
- What is the lowest goods and services expense recorded in Namibia?
- The lowest recorded value was 566.80 million current LCU in 1990.
- How does Namibia rank for goods and services expense?
- Namibia ranks 98th out of 155 countries with data for 2024.
- Is goods and services expense rising or falling in Namibia?
- Over the last ten years it is up 41.1%. 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 Goods and services expense (current LCU). Statizoid updates them automatically from the source API.
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About this data
Goods and services include all government payments in exchange for goods and services used for the production of market and nonmarket goods and services. Use of goods and services for account capital formation is excluded. 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.