Namibia: Gross savings (% of GDP)

Key figures

What the numbers say

In 2024, Namibia's gross savings (% of GDP) fell 2.1 percentage points on 2023 (from 11.55% to 9.45%).

Across the 30 yearly changes before that (1994 to 2023), the average change was −0.47 percentage points and a typical year strayed about 5.2 percentage points from that (the standard deviation). This year's change was 0.3 standard deviations below 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 7.08 percentage points in 2017 and the biggest yearly fall was 13.23 percentage points 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 2015 to 2024 there is no clear straight-line trend: a straight line explains 10% 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 2024, Namibia had the 46th highest value of the 48 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 2024 ranking

• Maldives — 43rd of 48: 11.19%
• Zimbabwe — 44th of 48: 10.7%
• Guinea — 45th of 48: 9.59%
• Solomon Islands — 47th of 48: 1.08%
• Timor-Leste — 48th of 48: -21.13%

What this measures

Savings is an amount that represents the part of disposable income (adjusted for the change in pension entitlements) that is not spent on final consumption. Gross savings are calculated as gross national income less total consumption, plus net transfers. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.

Regional and income-group figures are computed by the World Bank as a weighted average.

All 35 values

Gross savings (% of GDP) in nearby economies

• Angola — 15.88% (2024)
• Benin — 30.27% (2023)
• Botswana — 28.25% (2025)
• Burkina Faso — 15.89% (2024)
• Burundi — 43.06% (2025)
• Cabo Verde — 21.14% (2025)
• Cameroon — 15.54% (2024)
• Comoros — 12.05% (2023)
• Congo, Dem. Rep. — 28.69% (2025)
• Congo, Rep. — 31.66% (2021)
• Côte d'Ivoire — 17.15% (2024)
• Eswatini

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 gross savings (% of GDP)?

9.45% in 2024, according to the World Bank (World Development Indicators).

How has it changed since 1990?

It is down 28.37 percentage points from 37.82% in 1990. The highest value was 37.82% in 1990 and the lowest 4.48% in 2021.

How does Namibia rank?

46th highest of 48 economies with data for 2024.

Is the latest change in gross savings (% of GDP) unusual for Namibia?

In 2024, Namibia's gross savings (% of GDP) fell 2.1 percentage points on 2023 (from 11.55% to 9.45%). Across the 30 yearly changes before that (1994 to 2023), the average change was −0.47 percentage points and a typical year strayed about 5.2 percentage points from that (the standard deviation). This year's change was 0.3 standard deviations below 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.GNS.ICTR.ZS, licensed CC BY 4.0. Original source: Country official statistics, National Statistical Offices (NSOs); National Accounts data files, Central Banks; Staff estimates, 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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