Gross savings in Namibia
Namibia: Gross savings was 23.63 billion current LCU in 2024. ◆ Volatile
Gross savings in Namibia, 1990–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in current LCU.
Analysis
In 2024, gross savings in Namibia stood at 23.63 billion current LCU.
Compared with earlier readings it is down 11.4% on the previous year and down 23.6% over ten years.
Over the whole period, gross savings in Namibia peaked at 30.93 billion current LCU in 2014 and was at its lowest, 2.21 billion current LCU, in 1991.
Namibia ranks 126th of 177 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 | 3.95 billion current LCU | 2.21 billion current LCU | 5.70 billion current LCU | 10 |
| 2000s | 12.87 billion current LCU | 6.84 billion current LCU | 19.22 billion current LCU | 10 |
| 2010s | 19.94 billion current LCU | 9.53 billion current LCU | 30.93 billion current LCU | 10 |
| 2020s | 20.12 billion current LCU | 8.22 billion current LCU | 30.85 billion current LCU | 5 |
Countries ranked near Namibia
More economy & growth data for Namibia
- DEC alternative conversion factor 17.89 LCU per US$ (2025)
- Net secondary income (Net current transfers from abroad) 26.13 billion current LCU (2025)
- Net secondary income (Net current transfers from abroad) 1.46 billion current US$ (2025)
- Taxes less subsidies on products 24.49 billion current LCU (2025)
- Taxes less subsidies on products 1.37 billion current US$ (2025)
- Net primary income (Net income from abroad) -16.27 billion current LCU (2025)
- Net primary income (Net income from abroad) -909.46 million current US$ (2025)
- GNI per capita 81,964 current LCU (2025)
- GNI per capita, Atlas method 4,340 current US$ (2025)
- GNI 253.50 billion current LCU (2025)
Frequently asked questions
- What is gross savings in Namibia?
- Gross savings in Namibia was 23.63 billion current LCU in 2024, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest gross savings recorded in Namibia?
- The highest recorded value was 30.93 billion current LCU in 2014.
- What is the lowest gross savings recorded in Namibia?
- The lowest recorded value was 2.21 billion current LCU in 1991.
- How does Namibia rank for gross savings?
- Namibia ranks 126th out of 177 countries with data for 2024.
- Is gross savings rising or falling in Namibia?
- Over the last ten years it is down 23.6%. The long-run trend across the full record is volatile.
- Where does this Namibia data come from?
- The figures come from Country official statistics, National Statistical Offices (NSOs), published as part of Gross savings (current LCU). Statizoid updates them automatically from the source API.
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About this data
Savings is an amount that represents the part of disposable income (adjusted for the change in pension entitlements) that is not spent on final consumption. Gross savings are calculated as gross national income less total consumption, plus net transfers. 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.