Budget balance — all countries

Budget balance — Namibia

Budget balance in Namibia in 2031 — -5.3%. Ranked 161 in the world out of 188. Since 1990, the indicator has fallen by 6.4 pp.

2031 -5.3% −0.2 pp vs 2030
World rank 161of 188
Period maximum 6%2007
Period minimum -9.3%2016

Trend over time

1990–2031 · % of GDP

Budget balance — Namibia, 1990–2031-10-505101990199520002005201020152020202520301990: 1.1%1991: -1.6%1992: -2.5%1993: -2.7%1994: -0.6%1995: -1.7%1996: -3.7%1997: -2.4%1998: -2.8%1999: -1.9%2000: -0.8%2001: -2%2002: -1.4%2003: -4.5%2004: -2.7%2005: -0.3%2006: 3.4%2007: 6%2008: 3.5%2009: -0.4%2010: -5%2011: -7.1%2012: -3.1%2013: -4.7%2014: -6.4%2015: -8.3%2016: -9.3%2017: -5%2018: -5.1%2019: -5.5%2020: -8.1%2021: -8.7%2022: -6.3%2023: -3.1%2024: -3.8%2025: -6.5%2026: -6.1%2027: -5.4%2028: -5%2029: -5%2030: -5.1%2031: -5.3%
Change over the period: −6.4 pp Annual average: -0.16 pp

Comparison, 2031

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

Namibia -5.3%
World computed -4.85%
Sub-Saharan Africa computed -3.08%
Southern Africa computed -4.08%
Budget balance — Namibia, by year Namibia All countries CSV XLSX
Year % Change, pp
2031 -5.3 −0.2 pp
2030 -5.1 −0.1 pp
2029 -5 +0 pp
2028 -5 +0.4 pp
2027 -5.4 +0.7 pp
2026 -6.1 +0.4 pp
2025 -6.5 −2.7 pp
2024 -3.8 −0.7 pp
2023 -3.1 +3.2 pp
2022 -6.3 +2.4 pp
2021 -8.7 −0.6 pp
2020 -8.1 −2.6 pp
2019 -5.5 −0.4 pp
2018 -5.1 −0.1 pp
2017 -5 +4.3 pp
2016 -9.3 −1 pp
2015 -8.3 −1.9 pp
2014 -6.4 −1.7 pp
2013 -4.7 −1.6 pp
2012 -3.1 +4 pp
2011 -7.1 −2.1 pp
2010 -5 −4.6 pp
2009 -0.4 −3.9 pp
2008 3.5 −2.5 pp
2007 6 +2.6 pp
2006 3.4 +3.7 pp
2005 -0.3 +2.4 pp
2004 -2.7 +1.8 pp
2003 -4.5 −3.1 pp
2002 -1.4 +0.6 pp
2001 -2 −1.2 pp
2000 -0.8 +1.1 pp
1999 -1.9 +0.9 pp
1998 -2.8 −0.4 pp
1997 -2.4 +1.3 pp
1996 -3.7 −2 pp
1995 -1.7 −1.1 pp
1994 -0.6 +2.1 pp
1993 -2.7 −0.2 pp
1992 -2.5 −0.9 pp
1991 -1.6 −2.7 pp
1990 1.1

Southern Africa, 2031

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

About the indicator

Net lending or net borrowing of general government as a percent of GDP — what is commonly called the budget deficit, taken with a plus sign when there is a surplus. General government includes regions, local authorities and extrabudgetary funds, so the quantity is fuller than the balance of the central budget alone. The IMF series runs with a forecast several years ahead.

Important: Negative values are deficits. Accumulated deficits are what government debt is, so the two indicators are worth looking at together: a country can live with a deficit for years and carry a small debt all the same, if its economy grows faster.

Source: World Economic Outlook (IMF), license IMF open data.