Namibia's taxes on goods and services (current LCU) was 22.56 billion in 2024, the latest year in the World Bank's World Development Indicators. That is up 108.98% from 10.8 billion in 2014 (7.65% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | 22.56 billion | 2024 |
| Five years earlier | 13.74 billion | 2019 |
| Ten years earlier | 10.8 billion | 2014 |
| Highest | 22.56 billion | 2024 |
| Lowest | 479.5 million | 1990 |
| Average since 2015 | 14.67 billion | 2015–2024 |
| First recorded | 479.5 million |
What the numbers say
In 2024, Namibia's taxes on goods and services (current LCU) rose 14.1% on 2023 (from 19.77 billion to 22.56 billion).
Across the 25 yearly changes before that (1991 to 2023), the average change was +13.6% and a typical year strayed about 20.3% 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 60.7% in 2005 and the biggest yearly fall was 24.6% in 2020. 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 951.1 million a year. A straight line explains 58% 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
What this measures
General taxes on goods and services are taxes levied on the production, leasing, delivery, sale, purchase or other change of ownership of a wide range of goods and the provision of a wide range of services. 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 28 values
| Year | Taxes on goods and services (current LCU) |
|---|---|
| 2024 | 22,560,445,649 |
| 2023 | 19,768,557,897 |
| 2022 | 16,103,240,000 |
| 2021 | 13,537,260,000 |
| 2020 | 10,364,330,000 |
| 2019 | 13,741,430,000 |
| 2018 | 13,025,200,000 |
| 2017 | 12,347,220,000 |
| 2016 | 12,776,650,000 |
| 2015 | 12,443,824,585 |
Taxes on goods and services (current LCU) in nearby economies
- Angola — 1.79 trillion (2024)
- Botswana — 10.79 billion (2023)
- Burkina Faso — 1.34 trillion (2024)
- Burundi — 654.58 billion (2021)
- Cabo Verde — 15.87 billion (2020)
- Cameroon — 1.53 trillion (2021)
- Congo, Dem. Rep. — 4.54 trillion (2022)
- Congo, Rep. — 232.66 billion (2021)
- Côte d'Ivoire — 2.44 trillion (2023)
- Equatorial Guinea — 89.25 billion (2022)
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
Questions people ask
- What is Namibia's taxes on goods and services (current LCU)?
- 22.56 billion in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 1990?
- It is up 4,605% from 479.5 million in 1990 (11.99% a year on average, compounded). The highest value was 22.56 billion in 2024 and the lowest 479.5 million in 1990.
- How does Namibia rank?
- 67th highest of 91 economies with data for 2024.
- Is the latest change in taxes on goods and services (current LCU) unusual for Namibia?
- In 2024, Namibia's taxes on goods and services (current LCU) rose 14.1% on 2023 (from 19.77 billion to 22.56 billion). Across the 25 yearly changes before that (1991 to 2023), the average change was +13.6% and a typical year strayed about 20.3% 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.TAX.GSRV.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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