Net trade in goods and services in Namibia
Namibia: Net trade in goods and services was -3.28 billion BoP, current US$ in 2024. ◆ Volatile
Net trade in goods and services in Namibia, 1990–2024
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in BoP, current US$.
Analysis
Namibia recorded -3.28 billion BoP, current US$ for net trade in goods and services in 2024. That is the lowest value across all 35 years on record.
Compared with earlier readings it is down 20.7% on the previous year and down 16.6% over ten years.
Over the whole period, net trade in goods and services in Namibia peaked at 199.13 million BoP, current US$ in 2006 and was at its lowest, -3.28 billion BoP, current US$, in 2024.
Namibia ranks 156th of 199 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | -357.09 million BoP, current US$ | -425.22 million BoP, current US$ | -295.14 million BoP, current US$ | 10 |
| 2000s | -354.32 million BoP, current US$ | -1.37 billion BoP, current US$ | 199.13 million BoP, current US$ | 10 |
| 2010s | -2.02 billion BoP, current US$ | -2.94 billion BoP, current US$ | -1.23 billion BoP, current US$ | 10 |
| 2020s | -2.24 billion BoP, current US$ | -3.28 billion BoP, current US$ | -1.00 billion BoP, current US$ | 5 |
Countries ranked near Namibia
More economy & growth data for Namibia
- Gross national expenditure 119.2% (2025)
- Industry (including construction), value added 40.14 billion constant LCU (2025)
- Final consumption expenditure 100.6% (2025)
- Industry (including construction), value added -3.1% (2025)
- Gross national expenditure 17.98 billion current US$ (2025)
- Gross national expenditure 321.64 billion current LCU (2025)
- Gross national expenditure 17.34 billion constant 2015 US$ (2025)
- Industry (including construction), value added 3.12 billion constant 2015 US$ (2025)
- Exports of goods and services 44.7% (2025)
- Industry (including construction), value added 78.10 billion current LCU (2025)
Frequently asked questions
- What is net trade in goods and services in Namibia?
- Net trade in goods and services in Namibia was -3.28 billion BoP, current US$ in 2024, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest net trade in goods and services recorded in Namibia?
- The highest recorded value was 199.13 million BoP, current US$ in 2006.
- What is the lowest net trade in goods and services recorded in Namibia?
- The lowest recorded value was -3.28 billion BoP, current US$ in 2024.
- How does Namibia rank for net trade in goods and services?
- Namibia ranks 156th out of 199 countries with data for 2024.
- Is net trade in goods and services rising or falling in Namibia?
- Over the last ten years it is down 16.6%. The long-run trend across the full record is volatile.
- Where does this Namibia data come from?
- The figures come from Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Net trade in goods and services (BoP, current US$). Statizoid updates them automatically from the source API.
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About this data
The balance of international trade in goods and services is the difference between the exports and imports of goods and services. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.