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Gross savings in Namibia

Namibia: Gross savings was 9.5% in 2024. ▼ Falling

Latest (2024)
9.5%
Change on year
down 18.2%
World rank
161st
of 177 countries
All-time high
37.8%
in 1990
All-time low
4.5%
in 2021
Years of data
35
1990–2024

Gross savings in Namibia, 1990–2024

0102030401990200720241990: 37.8 % of GDP1991: 26.7 % of GDP1992: 28.9 % of GDP1993: 25.7 % of GDP1994: 29.4 % of GDP1995: 30.5 % of GDP1996: 27.8 % of GDP1997: 24.7 % of GDP1998: 26.6 % of GDP1999: 23.7 % of GDP2000: 27.6 % of GDP2001: 22.3 % of GDP2002: 26.3 % of GDP2003: 26 % of GDP2004: 30.3 % of GDP2005: 30.5 % of GDP2006: 35.5 % of GDP2007: 28.3 % of GDP2008: 26.7 % of GDP2009: 16.5 % of GDP2010: 18.6 % of GDP2011: 14.8 % of GDP2012: 15 % of GDP2013: 19.2 % of GDP2014: 22.9 % of GDP2015: 16.3 % of GDP2016: 6 % of GDP2017: 13.1 % of GDP2018: 11.6 % of GDP2019: 13.2 % of GDP2020: 17.7 % of GDP2021: 4.5 % of GDP2022: 5.5 % of GDP2023: 11.5 % of GDP2024: 9.5 % of GDP

Source: Country official statistics, National Statistical Offices (NSOs). Measured in % of GDP.

Analysis

In 2024, gross savings in Namibia stood at 9.5%.

Compared with earlier readings it is down 18.2% on the previous year and down 58.8% over ten years.

Over the whole period, gross savings in Namibia peaked at 37.8% in 1990 and was at its lowest, 4.5%, in 2021.

Namibia ranks 161st of 177 countries on this measure, in the bottom quarter.

The long-run direction has been consistently falling across the 35 years of available data.

Averages by decade

DecadeAverage LowestHighest Years
1990s 28.2% 23.7% 37.8% 10
2000s 27.0% 16.5% 35.5% 10
2010s 15.1% 6.0% 22.9% 10
2020s 9.7% 4.5% 17.7% 5

Countries ranked near Namibia

  1. 158 Zimbabwe 10.7% compare
  2. 159 Curacao 10.6% compare
  3. 160 Guinea 9.6% compare
  4. 162 Palestine 9.2% compare
  5. 163 Sao Tome and Principe 9.0% compare
  6. 164 Egypt 8.1% compare

See the full ranking of 219 places →

More economy & growth data for Namibia

All data for Namibia →

Frequently asked questions

What is gross savings in Namibia?
Gross savings in Namibia was 9.5% 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 37.8% in 1990.
What is the lowest gross savings recorded in Namibia?
The lowest recorded value was 4.5% in 2021.
How does Namibia rank for gross savings?
Namibia ranks 161st out of 177 countries with data for 2024.
Is gross savings rising or falling in Namibia?
Over the last ten years it is down 58.8%. The long-run trend across the full record is falling.
Where does this Namibia data come from?
The figures come from Country official statistics, National Statistical Offices (NSOs), published as part of Gross savings (% of GDP). Statizoid updates them automatically from the source API.

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About this data

Indicator
Gross savings (% of GDP)
Unit
% of GDP
Source
Country official statistics, National Statistical Offices (NSOs)
Licence
CC BY 4.0 (World Bank Open Data)
Coverage
219 places, 7,988 data points, 1960–2025
Last refreshed

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 as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.