Gross national savings — all countries

Gross national savings — Namibia

Gross national savings in Namibia in 2024 — 9.5%. Ranked 135 in the world out of 146. Since 1990, the indicator has fallen by 28.4 pp.

2024 9.5% −2.1 pp vs 2023
World rank 135of 146
Period maximum 37.8%1990
Period minimum 4.5%2021

Trend over time

1990–2024 · % of GDP

Gross national savings — Namibia, 1990–202401020304019901994199820022006201020142018202220241990: 37.8%1991: 26.7%1992: 28.9%1993: 25.7%1994: 29.4%1995: 30.5%1996: 27.8%1997: 24.7%1998: 26.6%1999: 23.7%2000: 27.6%2001: 22.3%2002: 26.3%2003: 26%2004: 30.3%2005: 30.5%2006: 35.5%2007: 28.3%2008: 26.7%2009: 16.5%2010: 18.6%2011: 14.8%2012: 15%2013: 19.2%2014: 22.9%2015: 16.3%2016: 6%2017: 13.1%2018: 11.6%2019: 13.2%2020: 17.7%2021: 4.5%2022: 5.5%2023: 11.5%2024: 9.5%
Change over the period: −28.4 pp Annual average: -0.83 pp

Comparison, 2024

How the value compares with the world and the groups this territory belongs to: Namibia

Namibia 9.5%
World 26.1%
Sub-Saharan Africa computed 17.6%
Southern Africa computed 14.3%
Gross national savings — Namibia, by year Namibia All countries CSV XLSX
Year % Change, pp
2024 9.5 −2.1 pp
2023 11.5 +6.1 pp
2022 5.5 +1 pp
2021 4.5 −13.2 pp
2020 17.7 +4.5 pp
2019 13.2 +1.6 pp
2018 11.6 −1.5 pp
2017 13.1 +7.1 pp
2016 6 −10.2 pp
2015 16.3 −6.6 pp
2014 22.9 +3.7 pp
2013 19.2 +4.2 pp
2012 15 +0.2 pp
2011 14.8 −3.8 pp
2010 18.6 +2 pp
2009 16.5 −10.1 pp
2008 26.7 −1.6 pp
2007 28.3 −7.2 pp
2006 35.5 +5 pp
2005 30.5 +0.2 pp
2004 30.3 +4.3 pp
2003 26 −0.2 pp
2002 26.3 +3.9 pp
2001 22.3 −5.3 pp
2000 27.6 +3.9 pp
1999 23.7 −2.9 pp
1998 26.6 +1.9 pp
1997 24.7 −3.1 pp
1996 27.8 −2.7 pp
1995 30.5 +1.1 pp
1994 29.4 +3.7 pp
1993 25.7 −3.2 pp
1992 28.9 +2.2 pp
1991 26.7 −11.1 pp
1990 37.8

Southern Africa, 2024

The same indicator for neighboring countries — with links to their pages

About the indicator

Gross national savings as a percent of GDP — what is left of national income after all consumption, private and public. Savings and capital formation differ by the balance of external transactions: a country that saves more than it invests at home exports capital, and one that invests more than it saves imports it. Hence the stable link with the current account balance, which is exactly what this indicator makes visible.

Important: The difference between savings and capital formation is approximately equal to the current account balance — that is an identity of the national accounts, not a coincidence.

Source: World Development Indicators (World Bank), license CC BY 4.0.