National Debt (% of GDP): Namibia

Analysis# Namibia National Debt (% of GDP) Namibia's national debt stands at 63.3% of GDP in 2026, down from its all-time peak of 69.6% in 2021. Since 1993, the debt-to-GDP ratio has increased 268%, rising from a low of 15.9% two decades ago. The current level reflects a moderate recovery from the crisis peak but remains substantially elevated compared to pre-pandemic levels. The most significant deterioration occurred between 2017 and 2021, when debt surged from 43.8% to 69.6%—a 59% increase in just four years. Since reaching its peak, Namibia has gradually reduced debt burden, declining 6.3 percentage points through 2026. Projections suggest the downward trajectory will continue, with debt expected to stabilize around 63% of GDP in the near term.