Namibia: Market capitalization of listed domestic companies (current US$)

Key figures

Over five years it is down 4.94% from US$2.61 billion in 2019 (1.01% a year on average, compounded). Since 1993 it is up 8,822% from US$27.8 million in 1993 (15.59% a year on average, compounded). The World Bank has no value for 4 of the years in between; the chart leaves those gaps open rather than joining across them.

What the numbers say

In 2024, Namibia's market capitalization of listed domestic companies (current US$) rose 4.2% on 2023 (from US$2.38 billion to US$2.48 billion).

Across the 25 yearly changes before that (1994 to 2023), the average change was +22.6% and a typical year strayed about 131.2% from that (the standard deviation). This year's change was 0.1 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 606.1% in 1994 and the biggest yearly fall was 96.2% in 2010. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.

From 2016 to 2024 there is no clear straight-line trend: a straight line explains 9% of the movement over 9 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

See how every economy compares in the full ranking.

Closest to Namibia in the 2024 ranking

• Israel — 1st of 2: US$330.88 billion

What this measures

Market capitalization (also known as market value) is the share price times the number of shares outstanding (including their several classes) for listed domestic companies. Investment funds, unit trusts, and companies whose only business goal is to hold shares of other listed companies are excluded. Data are end of year values converted to U.S. dollars using corresponding year-end foreign exchange rates.

Limitations: Data cover measures of size (market capitalization, number of listed domestic companies) and liquidity (value of shares traded as a percentage of gross domestic product, value of shares traded as a percentage of market capitalization). The comparability of such data across countries may be limited by conceptual and statistical weaknesses, such as inaccurate reporting and differences in accounting standards.

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

All 28 values

Market capitalization of listed domestic companies (current US$) in nearby economies

• Botswana — US$4.28 billion (2025)
• Côte d'Ivoire — US$7.33 billion (2020)
• Ghana — US$16.44 billion (2025)
• Kenya — US$22.83 billion (2025)
• Mauritius — US$8.89 billion (2025)
• Nigeria — US$86.94 billion (2025)
• South Africa — US$1.4 trillion (2025)
• Tanzania — US$9.78 billion (2025)
• Zambia

More financial sector data for Namibia

• DEC alternative conversion factor (LCU per US$) — US$17.89 (2025)
• Official exchange rate (LCU per US$, period average) — US$17.89 (2025)
• GDP deflator (base year varies by country) — 168.48 (2025)
• Inflation, GDP deflator (annual % growth) — 6.06% (2025)
• Domestic credit to private sector by banks (% of GDP) — 46.13% (2025)
• Net domestic credit (current LCU) — 179.55 billion (2025)
• Net foreign assets (current LCU) — 74.34 billion (2025)
• Monetary sector credit to private sector (% of GDP) — 46.21% (2025)
• Claims on central government, etc. (% of GDP) — 18.15% (2025)

Reading data like this

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Questions people ask

What is Namibia's market capitalization of listed domestic companies (current US$)?

US$2.48 billion in 2024, according to the World Bank (World Development Indicators).

How has it changed since 1993?

It is up 8,822% from US$27.8 million in 1993 (15.59% a year on average, compounded). The highest value was US$2.92 billion in 2017 and the lowest US$1.15 million in 2011.

Is the latest change in market capitalization of listed domestic companies (current US$) unusual for Namibia?

In 2024, Namibia's market capitalization of listed domestic companies (current US$) rose 4.2% on 2023 (from US$2.38 billion to US$2.48 billion). Across the 25 yearly changes before that (1994 to 2023), the average change was +22.6% and a typical year strayed about 131.2% from that (the standard deviation). This year's change was 0.1 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 CM.MKT.LCAP.CD, licensed CC BY 4.0. Original source: World Federation of Exchanges database, World Federation of Exchanges (WFE) 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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