Goods and services expense in Namibia
Namibia: Goods and services expense was 12.6% in 2023. ▼ Falling
Goods and services expense in Namibia, 1991–2023
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of expense.
Analysis
In 2023, goods and services expense in Namibia stood at 12.6%.
That represents a change of up 4.3% on the previous year and down 24.0% over ten years.
Over the whole period, goods and services expense in Namibia peaked at 31.4% in 1991 and was at its lowest, 10.3%, in 2018.
Namibia ranks 90th of 154 countries on this measure, in the middle of the range.
The long-run direction has been consistently falling across the 27 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 27.6% | 22.9% | 31.4% | 3 |
| 2000s | 19.9% | 17.2% | 21.4% | 10 |
| 2010s | 15.1% | 10.3% | 17.5% | 10 |
| 2020s | 12.5% | 12.0% | 13.1% | 4 |
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 goods and services expense in Namibia?
- Goods and services expense in Namibia was 12.6% in 2023, 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 31.4% in 1991.
- What is the lowest goods and services expense recorded in Namibia?
- The lowest recorded value was 10.3% in 2018.
- How does Namibia rank for goods and services expense?
- Namibia ranks 90th out of 154 countries with data for 2023.
- Is goods and services expense rising or falling in Namibia?
- Over the last ten years it is down 24.0%. The long-run trend across the full record is falling.
- 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 (% of expense). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 27 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
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 own account capital formation is excluded. This indicator is expressed as percentage of total expenses which is any decrease in net worth resulting from a transaction.