Namibia's net trade in goods (current US$, BoP) was −US$2.1 billion in 2024, the latest year in the World Bank's World Development Indicators. That is up 28.35% from −US$2.93 billion in 2014.
Key figures
| Value | Year | |
|---|---|---|
| Latest | −US$2.1 billion | 2024 |
| Five years earlier | −US$1.3 billion | 2019 |
| Ten years earlier | −US$2.93 billion | 2014 |
| Highest | US$102.36 million | 2006 |
| Lowest | −US$3.14 billion | 2015 |
| Average since 2015 | −US$1.85 billion | 2015–2024 |
| First recorded | −US$141.88 million |
What the numbers say
In 2024, Namibia's net trade in goods (current US$, BoP) fell US$623.01 million on 2023 (from −US$1.48 billion to −US$2.1 billion).
Across the 30 yearly changes before that (1994 to 2023), the average change was −US$47.91 million and a typical year strayed about US$382.29 million from that (the standard deviation). This year's change was 1.5 standard deviations below that average, so it was larger than a typical year, though not out of the range seen before.
On record, the biggest yearly rise was US$727.84 million in 2016 and the biggest yearly fall was US$846.08 million in 2021. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.
From 2015 to 2024 there is no clear straight-line trend: a straight line explains 20% of the movement over 10 observed years, so the value is moving around more than it is heading anywhere.
Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.
How it compares
In 2024, Namibia had the 19th highest value of the 29 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.
Closest to Namibia in the 2024 ranking
What this measures
The balance of international trade in goods is the difference between the exports and imports of goods. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.
All 35 values
| Year | Net trade in goods (current US$, BoP) |
|---|---|
| 2024 | -2,102,286,097 |
| 2023 | -1,479,281,024 |
| 2022 | -1,939,509,164 |
| 2021 | -1,785,861,151 |
| 2020 | -939,777,594 |
| 2019 | -1,300,712,376 |
| 2018 | -1,555,387,434 |
| 2017 | -1,810,940,644 |
| 2016 | -2,412,431,447 |
| 2015 | -3,140,267,728 |
Net trade in goods (current US$, BoP) in nearby economies
- Angola — US$15.1 billion (2025)
- Benin — −US$598.79 million (2023)
- Botswana — −US$597.05 million (2025)
- Burkina Faso — US$294.53 million (2024)
- Burundi — −US$688.51 million (2025)
- Cabo Verde — −US$943.55 million (2025)
- Cameroon — −US$983.96 million (2024)
- Comoros — −US$266.61 million (2023)
- Congo, Dem. Rep. — US$2.91 billion (2025)
- Congo, Rep. — US$4.73 billion (2021)
- Côte d'Ivoire
More economic policy & debt data for Namibia
- Adjusted savings, education expenditure (% of GNI) — 8.92% (2021)
- Adjusted savings, net forest depletion (current US$) — 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$3.51 billion (2025)
- General government final consumption expenditure (constant LCU) — 45.2 billion (2025)
- General government final consumption expenditure (% of GDP) — 22.28% (2025)
Reading data like this
Questions people ask
- What is Namibia's net trade in goods (current US$, BoP)?
- −US$2.1 billion in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 1990?
- It is down 1,382% from −US$141.88 million in 1990. The highest value was US$102.36 million in 2006 and the lowest −US$3.14 billion in 2015.
- How does Namibia rank?
- 19th highest of 29 economies with data for 2024.
- Is the latest change in net trade in goods (current US$, BoP) unusual for Namibia?
- In 2024, Namibia's net trade in goods (current US$, BoP) fell US$623.01 million on 2023 (from −US$1.48 billion to −US$2.1 billion). Across the 30 yearly changes before that (1994 to 2023), the average change was −US$47.91 million and a typical year strayed about US$382.29 million from that (the standard deviation). This year's change was 1.5 standard deviations below that average, so it was larger than a typical year, though not out of the range seen before.
Source
World Bank, World Development Indicators, indicator BN.GSR.MRCH.CD, licensed CC BY 4.0. Original source: Balance of Payments 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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