Namibia's interest payments (current LCU) was 13.08 billion in 2024, the latest year in the World Bank's World Development Indicators. That is up 535.06% from 2.06 billion in 2014 (20.3% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | 13.08 billion | 2024 |
| Five years earlier | 6.88 billion | 2019 |
| Ten years earlier | 2.06 billion | 2014 |
| Highest | 13.08 billion | 2024 |
| Lowest | 20.9 million | 1991 |
| Average since 2015 | 7.47 billion | 2015–2024 |
| First recorded | 26.8 million |
What the numbers say
In 2024, Namibia's interest payments (current LCU) rose 10.8% on 2023 (from 11.81 billion to 13.08 billion).
Across the 30 yearly changes before that (1994 to 2023), the average change was +20.4% and a typical year strayed about 21.8% from that (the standard deviation). This year's change was 0.4 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 224.1% in 1993 and the biggest yearly fall was 22% in 1991. 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 the straight-line trend is upward, about 1.05 billion a year. A straight line explains 96% 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.
A straight-line projection, tested first
Extending that straight line gives about 14.99 billion for 2027. We show this only because the same method, fitted on earlier years, predicted 2022 to 2024 better than "no change" would have: its average miss was 1.94 billion, against 3.53 billion for assuming no change. Treat it as a continuation of the recent pattern, not a forecast of events: it cannot see a recession, a policy change or a revision to the data.
See how a linear trend forecast works and the guide on forecasting without fooling yourself.
How it compares
In 2024, Namibia had the 52nd highest value of the 86 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
- North Macedonia — 48th of 86: 17.81 billion
- Denmark — 49th of 86: 16.17 billion
- Guatemala — 50th of 86: 14.01 billion
- Kyrgyz Republic — 52nd of 86: 13.05 billion
- Nicaragua — 53rd of 86: 10.9 billion
- Belgium — 54th of 86: 10.62 billion
What this measures
Interest payments include interest payments on government debt (including long-term bonds, long-term loans, and other debt instruments) to domestic and foreign residents. 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.
Limitations: For most countries central government finance data have been consolidated into one account, but for others only budgetary central government accounts are available. Countries reporting budgetary data are noted in the country metadata. Because budgetary accounts may not include all central government units (such as social security funds), they usually provide an incomplete picture. In federal states the central government accounts provide an incomplete view of total public finance. Data on government revenue and expense are collected by the IMF through questionnaires to member countries and by the Organisation for Economic Co-operation and Development (OECD).
All 35 values
| Year | Interest payments (current LCU) |
|---|---|
| 2024 | 13,084,462,530 |
| 2023 | 11,811,288,591 |
| 2022 | 9,429,480,000 |
| 2021 | 7,909,000,000 |
| 2020 | 7,270,600,000 |
| 2019 | 6,876,101,694 |
| 2018 | 5,989,380,000 |
| 2017 | 5,422,400,000 |
| 2016 | 4,310,120,000 |
| 2015 | 2,623,431,939 |
| 2014 |
Interest payments (current LCU) in nearby economies
- Angola — 4.78 trillion (2024)
- Botswana — 2.55 billion (2023)
- Burkina Faso — 305.62 billion (2024)
- Burundi — 33.28 billion (2021)
- Cabo Verde — 4.77 billion (2020)
- Cameroon — 241.62 billion (2021)
- Central African Republic — 8.42 billion (2021)
- Congo, Dem. Rep. — 119.33 billion (2022)
- Congo, Rep. — 152.6 billion (2021)
- Côte d'Ivoire — 1.24 trillion (2023)
- Equatorial Guinea
More public sector data for Namibia
- Military expenditure (current USD) — 410.52 million (2025)
- Military expenditure (current LCU) — 7.34 billion (2025)
- Military expenditure (% of GDP) — 2.77% (2025)
- Grants and other revenue (current LCU) — 3.68 billion (2024)
- Grants and other revenue (% of revenue) — 4.14% (2024)
- Revenue, excluding grants (current LCU) — 88.9 billion (2024)
- Revenue, excluding grants (% of GDP) — 35.56% (2024)
- Taxes on international trade (current LCU) — 29.08 billion (2024)
- Taxes on international trade (% of revenue) — 32.72% (2024)
- Tax revenue (current LCU)
Reading data like this
Questions people ask
- What is Namibia's interest payments (current LCU)?
- 13.08 billion in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 1990?
- It is up 48,723% from 26.8 million in 1990 (19.97% a year on average, compounded). The highest value was 13.08 billion in 2024 and the lowest 20.9 million in 1991.
- How does Namibia rank?
Source
World Bank, World Development Indicators, indicator GC.XPN.INTP.CN, licensed CC BY 4.0. Original source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF) 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.
Want to ask your own questions of data like this? Try AnalyzeIt: upload a file or ask about public data in plain words, and every figure comes with its working.
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