Net incurrence of liabilities, total in Namibia
Namibia: Net incurrence of liabilities, total was 12.53 billion current LCU in 2024. ◆ Volatile
Net incurrence of liabilities, total in Namibia, 2000–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
Namibia recorded 12.53 billion current LCU for net incurrence of liabilities, total in 2024.
Compared with earlier readings it is up 40.9% on the previous year and up 168.4% over ten years.
Over the whole period, net incurrence of liabilities, total in Namibia peaked at 18.75 billion current LCU in 2015 and was at its lowest, -674.20 million current LCU, in 2009.
That places Namibia 77th out of 136 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 |
|---|---|---|---|---|
| 2000s | 539.21 million current LCU | -674.20 million current LCU | 1.79 billion current LCU | 10 |
| 2010s | 7.01 billion current LCU | -436.33 million current LCU | 18.75 billion current LCU | 10 |
| 2020s | 13.12 billion current LCU | 8.90 billion current LCU | 17.00 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 net incurrence of liabilities, total in Namibia?
- Net incurrence of liabilities, total in Namibia was 12.53 billion current LCU in 2024, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest net incurrence of liabilities, total recorded in Namibia?
- The highest recorded value was 18.75 billion current LCU in 2015.
- What is the lowest net incurrence of liabilities, total recorded in Namibia?
- The lowest recorded value was -674.20 million current LCU in 2009.
- How does Namibia rank for net incurrence of liabilities, total?
- Namibia ranks 77th out of 136 countries with data for 2024.
- Is net incurrence of liabilities, total rising or falling in Namibia?
- Over the last ten years it is up 168.4%. 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 Net incurrence of liabilities, total (current LCU). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 25 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Net incurrence of government liabilities includes foreign financing (obtained from nonresidents) and domestic financing (obtained from residents), or the means by which a government provides financial resources to cover a budget deficit or allocates financial resources arising from a budget surplus. The net incurrence of liabilities should be offset by the net acquisition of financial assets. 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.