Namibia: Adjusted net national income (current US$)

Key figures

What the numbers say

In 2021, Namibia's adjusted net national income (current US$) rose 11.7% on 2020 (from US$9.1 billion to US$10.17 billion).

Across the 30 yearly changes before that (1991 to 2020), the average change was +5.4% and a typical year strayed about 13.6% from that (the standard deviation). This year's change was 0.5 standard deviations above that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.

On record, the biggest yearly rise was 50.7% in 2003 and the biggest yearly fall was 14.8% in 2020. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.

From 2012 to 2021 there is no clear straight-line trend: a straight line explains 6% of the movement over 10 observed years, so the value is moving around more than it is heading anywhere.

Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.

How it compares

In 2021, Namibia had the 126th highest value of the 167 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.

Closest to Namibia in the 2021 ranking

• Gabon — 122nd of 167: US$10.55 billion
• Mauritius — 123rd of 167: US$10.34 billion
• Brunei Darussalam — 124th of 167: US$10.27 billion
• Bahamas, The — 126th of 167: US$9.87 billion
• Mongolia — 127th of 167: US$9.35 billion
• Tajikistan — 128th of 167: US$9.06 billion

What this measures

Adjusted net national income is GNI minus consumption of fixed capital and natural resources depletion. 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.

Limitations: Adjusted net national income differs from the adjustments made in the calculation of adjusted net savings, by not accounting for investments in human capital or the damages from pollution. Thus, adjusted net national income remains within the boundaries of the United Nations System of National Accounts (SNA). The SNA includes non-produced natural assets (such as land, mineral resources, and forests) within the asset boundary when they are under the effective control of institutional units. The calculation of adjusted net national income, which accounts for net forest, energy, and mineral depletion, as well as consumption of fixed capital, thus remains within the SNA boundaries.

Regional and income-group figures are computed by the World Bank as a gap-filled total.

All 32 values

Adjusted net national income (current US$) in nearby economies

• Angola — US$42.54 billion (2021)
• Benin — US$15.74 billion (2021)
• Botswana — US$13.1 billion (2021)
• Burkina Faso — US$14.74 billion (2021)
• Burundi — US$1.96 billion (2021)
• Cabo Verde — US$1.66 billion (2021)
• Cameroon — US$37.07 billion (2021)
• Central African Republic — US$2.13 billion (2021)
• Chad — US$8.36 billion (2021)
• Comoros — US$1.19 billion (2021)

More economic policy & debt data for Namibia

• Adjusted savings, education expenditure (% of GNI) — 8.92% (2021)
• Adjusted savings, net forest depletion (current US$) — US$106.2 million (2021)
• Adjusted savings, mineral depletion (current US$) — US$262.77 million (2021)
• General government final consumption expenditure (current US$) — US$3.36 billion (2025)
• General government final consumption expenditure (current LCU) — 60.11 billion (2025)
• General government final consumption expenditure (constant 2015 US$) — US$3.51 billion (2025)
• General government final consumption expenditure (constant LCU) — 45.2 billion (2025)
• General government final consumption expenditure (% of GDP) — 22.28% (2025)

Reading data like this

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Questions people ask

What is Namibia's adjusted net national income (current US$)?

US$10.17 billion in 2021, according to the World Bank (World Development Indicators).

How has it changed since 1990?

It is up 331.56% from US$2.36 billion in 1990 (4.83% a year on average, compounded). The highest value was US$11.59 billion in 2018 and the lowest US$2.36 billion in 1990.

How does Namibia rank?

126th highest of 167 economies with data for 2021.

Is the latest change in adjusted net national income (current US$) unusual for Namibia?

In 2021, Namibia's adjusted net national income (current US$) rose 11.7% on 2020 (from US$9.1 billion to US$10.17 billion). Across the 30 yearly changes before that (1991 to 2020), the average change was +5.4% and a typical year strayed about 13.6% from that (the standard deviation). This year's change was 0.5 standard deviations above that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.

Source

World Bank, World Development Indicators, indicator NY.ADJ.NNTY.CD, licensed CC BY 4.0. Original source: Staff estimates, World Bank (WB); The Changing Wealth of Nations: Measuring Sustainable Development in the New Millennium, World Bank (WB) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.

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