Namibia: Net acquisition of financial assets (% of GDP)

Key figures

What the numbers say

In 2024, Namibia's net acquisition of financial assets (% of GDP) fell 0 percentage points on 2023 (from 0.00456% to 0.00362%).

Across the 23 yearly changes before that (2001 to 2023), the average change was −0 percentage points and a typical year strayed about 2.87 percentage points from that (the standard deviation). This year's change was 0.0 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 5.6 percentage points in 2011 and the biggest yearly fall was 6.75 percentage points in 2009. 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 15% 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 45th highest value of the 57 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

• Morocco — 41st of 57: 0.2%
• United Kingdom — 42nd of 57: 0.02%
• Paraguay — 43rd of 57: 0.00502%
• Georgia — 45th of 57: -0.06%
• Malaysia — 46th of 57: -0.17%
• Hungary — 47th of 57: -0.19%

What this measures

Net acquisition of government financial assets includes domestic and foreign financial claims, SDRs, and gold bullion held by monetary authorities as a reserve asset. The net acquisition of financial assets should be offset by the net incurrence of liabilities. 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.

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).

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

All 25 values

Net acquisition of financial assets (% of GDP) in nearby economies

• Angola — -2.11% (2024)
• Botswana — -1.08% (2023)
• Burkina Faso — 0.98% (2024)
• Burundi — 1.64% (2021)
• Cabo Verde — 0.85% (2020)
• Cameroon — -0.23% (2021)
• Central African Republic — -0.21% (2021)
• Congo, Dem. Rep. — -0.88% (2022)
• Congo, Rep. — 2.68% (2021)
• Côte d'Ivoire

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

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Questions people ask

What is Namibia's net acquisition of financial assets (% of GDP)?

0.00362% in 2024, according to the World Bank (World Development Indicators).

How has it changed since 2000?

It is down 0.05 percentage points from 0.05% in 2000. The highest value was 6.74% in 2008 and the lowest -2.57% in 2014.

How does Namibia rank?

45th highest of 57 economies with data for 2024.

Is the latest change in net acquisition of financial assets (% of GDP) unusual for Namibia?

In 2024, Namibia's net acquisition of financial assets (% of GDP) fell 0 percentage points on 2023 (from 0.00456% to 0.00362%). Across the 23 yearly changes before that (2001 to 2023), the average change was −0 percentage points and a typical year strayed about 2.87 percentage points from that (the standard deviation). This year's change was 0.0 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 GC.AST.TOTL.GD.ZS, 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.

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