Current Account Balance: Namibia
Namibia's current account balance is currently -12.1 % of GDP as of 2026. # Namibia Current Account Balance Namibia's current account balance stands at -12.
Current (2026)
-12.1 % of GDP
+17.7% y/y
Peak (2006)
14 % of GDP
Low (2016)
-16.5 % of GDP
Source
IMF World Economic Outlook
1990–2026 · 41 pts
Current Account Balance — Namibia
1990 — 2026
Current Account Balance — Namibia
Analysis# Namibia Current Account Balance
Namibia's current account balance stands at -12.1% of GDP in 2026, reflecting persistent external imbalances. The country reached an all-time peak of 14% of GDP in 2006 but has deteriorated significantly since then. The all-time low of -16.5% occurred in 2016. Over the 36-year span from 1990 to 2026, Namibia's current account shifted by -1200%, indicating a dramatic reversal from its early 1990s position.
A critical turning point emerged between 2019 and 2021. After narrowing to -1.8% of GDP in 2019, the deficit suddenly worsened to -11.2% in 2021, likely reflecting pandemic-related disruptions and commodity price volatility. Since then, deficits have remained severe, peaking at -15.4% in 2024 before showing modest improvement. Projections suggest the deficit will continue moderating through 2026, though structural challenges persist in Namibia's external accounts.
Historical Data
41 Rows| Year | Value | Change % |
|---|---|---|
| 2030 | -9.9 % of GDP | +6.60% |
| 2029 | -10.6 % of GDP | +2.75% |
| 2028 | -10.9 % of GDP | +3.54% |
| 2027 | -11.3 % of GDP | +6.61% |
| 2026 | -12.1 % of GDP | +17.69% |
| 2025 | -14.7 % of GDP | +4.55% |
| 2024 | -15.4 % of GDP | -0.65% |
| 2023 | -15.3 % of GDP | -19.53% |
| 2022 | -12.8 % of GDP | -14.29% |
| 2021 | -11.2 % of GDP | -473.33% |
| 2020 | 3 % of GDP | +266.67% |
| 2019 | -1.8 % of GDP | +50.00% |
| 2018 | -3.6 % of GDP | +18.18% |
| 2017 | -4.4 % of GDP | +73.33% |
| 2016 | -16.5 % of GDP | -21.32% |
| 2015 | -13.6 % of GDP | -44.68% |
| 2014 | -9.4 % of GDP | -14.63% |
| 2013 | -8.2 % of GDP | +4.65% |
| 2012 | -8.6 % of GDP | -24.64% |
| 2011 | -6.9 % of GDP | -72.50% |
Show all 41 rows
| Year | Value | Change % |
|---|---|---|
| 2010 | -4 % of GDP | -11.11% |
| 2009 | -3.6 % of GDP | -3500.00% |
| 2008 | -0.1 % of GDP | -101.16% |
| 2007 | 8.6 % of GDP | -38.57% |
| 2006 | 14 % of GDP | +211.11% |
| 2005 | 4.5 % of GDP | -32.84% |
| 2004 | 6.7 % of GDP | +26.42% |
| 2003 | 5.3 % of GDP | +112.00% |
| 2002 | 2.5 % of GDP | +733.33% |
| 2001 | 0.3 % of GDP | -93.88% |
| 2000 | 4.9 % of GDP | +800.00% |
| 1999 | -0.7 % of GDP | -116.67% |
| 1998 | 4.2 % of GDP | +90.91% |
| 1997 | 2.2 % of GDP | -24.14% |
| 1996 | 2.9 % of GDP | -35.56% |
| 1995 | 4.5 % of GDP | +87.50% |
| 1994 | 2.4 % of GDP | -31.43% |
| 1993 | 3.5 % of GDP | +133.33% |
| 1992 | 1.5 % of GDP | -59.46% |
| 1991 | 3.7 % of GDP | +236.36% |
| 1990 | 1.1 % of GDP | — |
Related Data
Other Metrics
For Namibia
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Demographics
People & population data
No demographic data available.