Namibia: Trade (% of GDP)
In , Namibia's Trade (% of GDP) was 109.63.
That's down 1.0% from 2023, the highest value since .
The global average for this indicator in 2024 was 92.19 . Namibia ranks #46 globally out of 160 reporting countries. Within Sub-Saharan Africa, it ranks #4 of 39.
Source: World Bank Open Data (NE.TRD.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
- 123.76
- Trough
- 76.93
- 1-year change
- -1.0%
- 5-year change
- +32.2%
- +5.7% / yr
- 10-year change
- +6.4%
- +0.6% / yr
Historical Data — Last 10 Years
| Year | Trade (% of GDP) |
|---|---|
| 109.6285 | |
| 110.7707 | |
| 99.2626 | |
| 83.5443 | |
| 76.9252 | |
| 82.9012 | |
| 81.7139 | |
| 81.2197 | |
| 93.9662 | |
| 97.2390 |
About Trade (% of GDP)
Trade is the sum of exports and imports of goods and services. 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.TRD.GNFS.ZS • Category: Economy
Frequently asked questions
- What was Namibia's Trade (% of GDP) in 2024?
- In 2024, Namibia's Trade (% of GDP) was 109.63, according to World Bank Open Data.
- Is Namibia's Trade (% of GDP) rising or falling?
- Namibia's Trade (% of GDP) fell 1.0% from 2023 to 2024.
- How does Namibia rank globally on Trade (% of GDP)?
- In 2024, Namibia ranked #46 out of 160 countries reporting Trade (% of GDP).
- How does Namibia's Trade (% of GDP) compare to the world average?
- The global average for Trade (% of GDP) in 2024 was 92.19, so Namibia is above the world average. Within Sub-Saharan Africa, it ranks #4 of 39.
- What is Trade (% of GDP) and how is it measured?
- Trade is the sum of exports and imports of goods and services. 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.TRD.GNFS.ZS), CC BY 4.0.