Taxes on goods and services in Namibia
Namibia: Taxes on goods and services was 22.56 billion current LCU in 2024. ◆ Volatile
Taxes on goods and services in Namibia, 1990–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
In 2024, taxes on goods and services in Namibia stood at 22.56 billion current LCU. That is the highest value across all 28 years on record.
Compared with earlier readings it is up 14.1% on the previous year and up 109.0% over ten years.
Over the whole period, taxes on goods and services in Namibia peaked at 22.56 billion current LCU in 2024 and was at its lowest, 479.50 million current LCU, in 1990.
That places Namibia 102nd out of 157 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 |
|---|---|---|---|---|
| 1990s | 618.67 million current LCU | 479.50 million current LCU | 800.50 million current LCU | 3 |
| 2000s | 3.14 billion current LCU | 1.98 billion current LCU | 5.43 billion current LCU | 10 |
| 2010s | 10.58 billion current LCU | 5.52 billion current LCU | 13.74 billion current LCU | 10 |
| 2020s | 16.47 billion current LCU | 10.36 billion current LCU | 22.56 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 taxes on goods and services in Namibia?
- Taxes on goods and services in Namibia was 22.56 billion current LCU in 2024, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest taxes on goods and services recorded in Namibia?
- The highest recorded value was 22.56 billion current LCU in 2024.
- What is the lowest taxes on goods and services recorded in Namibia?
- The lowest recorded value was 479.50 million current LCU in 1990.
- How does Namibia rank for taxes on goods and services?
- Namibia ranks 102nd out of 157 countries with data for 2024.
- Is taxes on goods and services rising or falling in Namibia?
- Over the last ten years it is up 109.0%. 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 Taxes on goods and services (current LCU). Statizoid updates them automatically from the source API.
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CSV · JSON — 28 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
General taxes on goods and services are taxes levied on the production, leasing, delivery, sale, purchase or other change of ownership of a wide range of goods and the provision of a wide range of services. 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.