Namibia: Adjusted savings, net national savings (current US$)

Key figures

What the numbers say

In 2021, Namibia's adjusted savings, net national savings (current US$) fell US$1.27 billion on 2020 (from US$612.28 million to −US$658.12 million).

Across the 30 yearly changes before that (1991 to 2020), the average change was −US$3.05 million and a typical year strayed about US$446.22 million from that (the standard deviation). This year's change was 2.8 standard deviations below that average, so it was unusually large compared with the rest of the record.

On record, the biggest yearly rise was US$878.39 million in 2017 and the biggest yearly fall was US$1.27 billion in 2021. 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 the straight-line trend is downward, about US$121.07 million a year. A straight line explains 33% of the movement over 10 observed years.

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 125th highest value of the 132 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

• Timor-Leste — 121st of 132: −US$445.72 million
• Georgia — 122nd of 132: −US$510.69 million
• Cyprus — 123rd of 132: −US$549.8 million
• Portugal — 125th of 132: −US$1.22 billion
• Tunisia — 126th of 132: −US$1.23 billion
• Mozambique — 127th of 132: −US$1.24 billion

What this measures

Net national savings are equal to gross national savings less the value of consumption of fixed capital. 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.

All 32 values

Adjusted savings, net national savings (current US$) in nearby economies

• Angola — US$22.01 billion (2021)
• Benin — US$1.68 billion (2020)
• Botswana — US$434.8 million (2021)
• Burkina Faso — US$1.53 billion (2019)
• Burundi — −US$226.97 million (2018)
• Cabo Verde — US$402.43 million (2021)
• Cameroon — US$1.35 billion (2021)
• Comoros — US$88.76 million (2021)
• Congo, Dem. Rep. — US$10.99 billion (2021)
• Congo, Rep.

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 savings, net national savings (current US$)?

−US$658.12 million in 2021, according to the World Bank (World Development Indicators).

How has it changed since 1990?

It is down 193.53% from US$703.64 million in 1990. The highest value was US$1.91 billion in 2006 and the lowest −US$658.12 million in 2021.

How does Namibia rank?

125th highest of 132 economies with data for 2021.

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

In 2021, Namibia's adjusted savings, net national savings (current US$) fell US$1.27 billion on 2020 (from US$612.28 million to −US$658.12 million). Across the 30 yearly changes before that (1991 to 2020), the average change was −US$3.05 million and a typical year strayed about US$446.22 million from that (the standard deviation). This year's change was 2.8 standard deviations below that average, so it was unusually large compared with the rest of the record.

Source

World Bank, World Development Indicators, indicator NY.ADJ.NNAT.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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