Namibia's revenue, excluding grants (current LCU) was 88.9 billion in 2024, the latest year in the World Bank's World Development Indicators. That is up 78.36% from 49.84 billion in 2014 (5.96% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | 88.9 billion | 2024 |
| Five years earlier | 58.42 billion | 2019 |
| Ten years earlier | 49.84 billion | 2014 |
| Highest | 88.9 billion | 2024 |
| Lowest | 1.91 billion | 1990 |
| Average since 2015 | 61.89 billion | 2015–2024 |
| First recorded | 1.91 billion |
What the numbers say
In 2024, Namibia's revenue, excluding grants (current LCU) rose 9% on 2023 (from 81.56 billion to 88.9 billion).
Across the 30 yearly changes before that (1994 to 2023), the average change was +12.1% and a typical year strayed about 10.6% 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 34.8% in 1991 and the biggest yearly fall was 7% in 2003. 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 3.63 billion a year. A straight line explains 71% 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.
How it compares
In 2024, Namibia had the 67th highest value of the 91 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
- Portugal — 64th of 91: 108.33 billion
- Greece — 65th of 91: 105.97 billion
- Moldova — 66th of 91: 98.99 billion
- Belarus — 68th of 91: 71.81 billion
- United Arab Emirates — 69th of 91: 61.51 billion
- Slovak Republic — 70th of 91: 51.21 billion
What this measures
Revenue is an increase in net worth resulting from a transaction. Grants are excluded from this figure. 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 | Revenue, excluding grants (current LCU) |
|---|---|
| 2024 | 88,898,638,005 |
| 2023 | 81,559,617,339 |
| 2022 | 64,326,750,000 |
| 2021 | 55,366,680,000 |
| 2020 | 57,555,480,000 |
| 2019 | 58,421,670,000 |
| 2018 | 55,644,700,000 |
| 2017 | 56,085,710,000 |
| 2016 | 48,993,820,000 |
| 2015 | 52,063,243,384 |
Revenue, excluding grants (current LCU) in nearby economies
- Angola — 18.97 trillion (2024)
- Botswana — 74.14 billion (2023)
- Burkina Faso — 2.98 trillion (2024)
- Burundi — 1.16 trillion (2021)
- Cabo Verde — 38.03 billion (2020)
- Cameroon — 3.43 trillion (2021)
- Central African Republic — 128.45 billion (2021)
- Congo, Dem. Rep. — 18.71 trillion (2022)
- Congo, Rep. — 1.65 trillion (2021)
- Côte d'Ivoire — 6.55 trillion (2023)
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 (% 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) — 84.69 billion (2024)
- Tax revenue (% of GDP) — 33.87% (2024)
Reading data like this
Questions people ask
- What is Namibia's revenue, excluding grants (current LCU)?
- 88.9 billion in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 1990?
- It is up 4,564% from 1.91 billion in 1990 (11.96% a year on average, compounded). The highest value was 88.9 billion in 2024 and the lowest 1.91 billion in 1990.
- How does Namibia rank?
- 67th highest of 91 economies with data for 2024.
- Is the latest change in revenue, excluding grants (current LCU) unusual for Namibia?
- In 2024, Namibia's revenue, excluding grants (current LCU) rose 9% on 2023 (from 81.56 billion to 88.9 billion). Across the 30 yearly changes before that (1994 to 2023), the average change was +12.1% and a typical year strayed about 10.6% 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 GC.REV.XGRT.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.
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