Namibia: Imports of goods and services (% of GDP)
In , Namibia's Imports of goods and services (% of GDP) was 67.98.
That's up 1.3% from 2023, the highest value since .
The global average for this indicator in 2024 was 47.94 . Namibia ranks #34 globally out of 160 reporting countries. Within Sub-Saharan Africa, it ranks #4 of 39.
Source: World Bank Open Data (NE.IMP.GNFS.ZS) • Data as of 2024
Trend (2005–2024)
- 2008 · Global financial crisis
- 2020 · COVID-19 pandemic
- 2014 · Oil price collapse
- 2022 · Russia–Ukraine war begins
Highlights
- Peak
- 72.20
- Trough
- 40.27
- 1-year change
- +1.3%
- 5-year change
- +46.2%
- +7.9% / yr
- 10-year change
- +6.1%
- +0.6% / yr
Historical Data — Last 10 Years
| Year | Imports of goods and services (% of GDP) |
|---|---|
| 67.9846 | |
| 67.1439 | |
| 58.8041 | |
| 51.5879 | |
| 43.2474 | |
| 46.5003 | |
| 45.8313 | |
| 47.5989 | |
| 58.9567 | |
| 61.8682 |
About Imports of goods and services (% of GDP)
Imports of goods includes change in the economic ownership of goods from non-residents to residents of the compiling economy, irrespective of physical movement of goods across national borders. Imports of services includes services provided by non-residents to residents. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.
Indicator code: NE.IMP.GNFS.ZS • Category: Economy
Frequently asked questions
- What was Namibia's Imports of goods and services (% of GDP) in 2024?
- In 2024, Namibia's Imports of goods and services (% of GDP) was 67.98, according to World Bank Open Data.
- Is Namibia's Imports of goods and services (% of GDP) rising or falling?
- Namibia's Imports of goods and services (% of GDP) rose 1.3% from 2023 to 2024.
- How does Namibia rank globally on Imports of goods and services (% of GDP)?
- In 2024, Namibia ranked #34 out of 160 countries reporting Imports of goods and services (% of GDP).
- How does Namibia's Imports of goods and services (% of GDP) compare to the world average?
- The global average for Imports of goods and services (% of GDP) in 2024 was 47.94, so Namibia is above the world average. Within Sub-Saharan Africa, it ranks #4 of 39.
- What is Imports of goods and services (% of GDP) and how is it measured?
- Imports of goods includes change in the economic ownership of goods from non-residents to residents of the compiling economy, irrespective of physical movement of goods across national borders. Imports of services includes services provided by non-residents to residents. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.
Source: World Bank Open Data (NE.IMP.GNFS.ZS), CC BY 4.0.