Namibia's service imports (current US$, BoP) was US$2.47 billion in 2024, the latest year in the World Bank's World Development Indicators. That is up 180.08% from US$881.82 million in 2014 (10.85% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | US$2.47 billion | 2024 |
| Five years earlier | US$626.8 million | 2019 |
| Ten years earlier | US$881.82 million | 2014 |
| Highest | US$2.47 billion | 2024 |
| Lowest | US$231.96 million | 2002 |
| Average since 2015 | US$1.09 billion | 2015–2024 |
| First recorded | US$354.15 million |
What the numbers say
In 2024, Namibia's service imports (current US$, BoP) rose 6.7% on 2023 (from US$2.31 billion to US$2.47 billion).
Across the 30 yearly changes before that (1994 to 2023), the average change was +7.9% and a typical year strayed about 26.6% from that (the standard deviation). This year's change was 0.0 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 110.6% in 2023 and the biggest yearly fall was 26.1% in 2000. 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 US$189.3 million a year. A straight line explains 65% 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 10th 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.
| Value | Year | |
|---|---|---|
| Namibia | US$2.47 billion | 2024 |
| World | US$8.75 trillion | 2025 |
| Sub-Saharan Africa | US$151.53 billion | 2025 |
| Lower middle income | US$424.83 billion | 2025 |
Closest to Namibia in the 2024 ranking
- Guinea — 6th of 29: US$3.15 billion
- Tanzania — 7th of 29: US$2.8 billion
- Bahamas, The — 8th of 29: US$2.47 billion
- Cameroon — 10th of 29: US$2.4 billion
- Papua New Guinea — 11th of 29: US$2.4 billion
- Mauritius — 12th of 29: US$2.28 billion
What this measures
Imports of services are services provided by non-residents to residents. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.
Regional and income-group figures are computed by the World Bank as a gap-filled total.
All 35 values
| Year | Service imports (current US$, BoP) |
|---|---|
| 2024 | 2,469,838,229 |
| 2023 | 2,314,073,904 |
| 2022 | 1,098,698,660 |
| 2021 | 1,009,063,953 |
| 2020 | 747,116,393 |
| 2019 | 626,800,066 |
| 2018 | 603,715,376 |
| 2017 | 615,491,670 |
| 2016 | 688,422,195 |
| 2015 | 680,737,758 |
| 2014 |
Service imports (current US$, BoP) in nearby economies
- Angola — US$8.46 billion (2025)
- Benin — US$1.54 billion (2023)
- Botswana — US$1.3 billion (2025)
- Burkina Faso — US$1.47 billion (2024)
- Burundi — US$406.28 million (2025)
- Cabo Verde — US$349.3 million (2025)
- Cameroon — US$2.4 billion (2024)
- Comoros — US$205.36 million (2023)
- Congo, Dem. Rep. — US$5.02 billion (2025)
- Congo, Rep. — US$1.71 billion (2021)
- Côte d'Ivoire
More economic policy & debt data for Namibia
- Adjusted savings, education expenditure (% of GNI) — 8.92% (2021)
- Adjusted savings, net forest depletion (current US$) — 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$3.51 billion (2025)
- General government final consumption expenditure (constant LCU) — 45.2 billion (2025)
- General government final consumption expenditure (% of GDP) — 22.28% (2025)
Reading data like this
Questions people ask
- What is Namibia's service imports (current US$, BoP)?
- US$2.47 billion in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 1990?
- It is up 597.4% from US$354.15 million in 1990 (5.88% a year on average, compounded). The highest value was US$2.47 billion in 2024 and the lowest US$231.96 million in 2002.
- How does Namibia rank?
- 10th highest of 29 economies with data for 2024.
- Is the latest change in service imports (current US$, BoP) unusual for Namibia?
- In 2024, Namibia's service imports (current US$, BoP) rose 6.7% on 2023 (from US$2.31 billion to US$2.47 billion). Across the 30 yearly changes before that (1994 to 2023), the average change was +7.9% and a typical year strayed about 26.6% from that (the standard deviation). This year's change was 0.0 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 BM.GSR.NFSV.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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