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Namibia · Economy

Namibia economy: GDP, investment, trade and remittances

How large the Namibia economy is and how fast it is growing, who invests in it, what it sells and buys, how much its citizens abroad send home, who it owes and what it holds in reserve. The latest published year is shown with each figure.

GDP
US$15.1 billion
current US$, 2025
Real GDP growth
1.7%
2025
GDP per person
US$4,876
current US$, 2025
Exports of goods
US$6.5 billion
2025
Remittances received
US$96 million
2024, 0.7% of GDP
Foreign direct investment, net inflows
US$1.4 billion
2025, 9.6% of GDP

Namibia economy snapshot: GDP, growth and income per person

Namibia's GDP was US$15.1 billion in 2025, after real growth of 1.7%.

GDP

Current US dollars.

05.0bn10bn15bn20bn201520172019202120232025GDP 2015: US$11.3 billionGDP 2016: US$10.7 billionGDP 2017: US$12.9 billionGDP 2018: US$13.7 billionGDP 2019: US$12.5 billionGDP 2020: US$10.6 billionGDP 2021: US$12.4 billionGDP 2022: US$12.6 billionGDP 2023: US$12.5 billionGDP 2024: US$13.6 billionGDP 2025: US$15.1 billion

Real GDP growth

Annual change, per cent. Red bars are contractions.

-10%-5%0%5%10%201520172019202120232025Real GDP growth 2015: 4.3%Real GDP growth 2016: 0.0%Real GDP growth 2017: -1.0%Real GDP growth 2018: 1.1%Real GDP growth 2019: -0.8%Real GDP growth 2020: -8.1%Real GDP growth 2021: 3.6%Real GDP growth 2022: 5.4%Real GDP growth 2023: 4.3%Real GDP growth 2024: 3.8%Real GDP growth 2025: 1.7%

GDP per person

Current US dollars.

02k4k6k201520172019202120232025GDP per person 2015: US$4,774GDP per person 2016: US$4,396GDP per person 2017: US$5,144GDP per person 2018: US$5,309GDP per person 2019: US$4,732GDP per person 2020: US$3,879GDP per person 2021: US$4,413GDP per person 2022: US$4,350GDP per person 2023: US$4,226GDP per person 2024: US$4,502GDP per person 2025: US$4,876

Source: World Bank, 2025. Method

Who invests in Namibia and in what

Direct investment by investing country

China was the largest investing country in Namibia, at 31% of inward direct investment positions in 2024.

Inward direct investment positions in Namibia at the end of 2024: the stock of foreign direct investment, not a year's new flow. The 5 largest investing countries.

ChinaUS$3.4 billion31.0%
South AfricaUS$2.3 billion21.5%
United KingdomUS$1.0 billion9.6%
MauritiusUS$694 million6.4%
GermanyUS$132 million1.2%

Source: IMF, 2024. Method

What Namibia sells and buys

Pearls, precious stones and metals was 30% of exports in 2025.

Namibia sold the most to South Africa, 25% of exports in 2025.

Exports by product, 2025

Tile area follows value. Each tile is a customs chapter of the Harmonized System; hover for the full name.

Natural, cultured pearls: US$1.9 billion, 29.7%Pearls, precious stones and metals30%Ores, slag and ash: US$1.8 billion, 28.2%Ores, slag and ash28%Fish and crustaceans, molluscs and other aquatic invertebrates: US$757 million, 11.6%Fish and seafood12%Mineral fuels, mineral oils and products of their distillation: US$270 million, 4.1%Copper and articles thereof: US$227 million, 3.5%Copper3%Salt: US$212 million, 3.2%Salt, sul…3%Meat and edible meat offal: US$142 million, 2.2%Meat and…2%Fertilizers: US$107 million, 1.6%Machinery and mechanical appliances, boilers, nuclear reactors: US$106 million, 1.6%Fruit and nuts, edible: US$101 million, 1.5%Wood and articles of wood: US$87 million, 1.3%Animals: US$67 million, 1.0%All other chapters: US$675 million, 10.3%All other chapte…10%

Source: UN Comtrade, 2025. Method

Top buyers, 2025

Share of Namibia's exports.

South AfricaUS$1.6 billion24.7%
ChinaUS$1.1 billion16.7%
BotswanaUS$790 million12.1%
ZambiaUS$693 million10.6%
SpainUS$274 million4.2%
United StatesUS$252 million3.9%
FranceUS$246 million3.8%
NetherlandsUS$161 million2.5%
United Arab EmiratesUS$146 million2.2%
CanadaUS$142 million2.2%

Top suppliers, 2025

Share of Namibia's imports.

South AfricaUS$3.2 billion39.7%
ChinaUS$931 million11.7%
IndiaUS$396 million5.0%
ZambiaUS$290 million3.6%
Democratic Republic of the CongoUS$271 million3.4%
OmanUS$252 million3.2%
United StatesUS$240 million3.0%
GermanyUS$175 million2.2%
JapanUS$169 million2.1%
BahrainUS$123 million1.5%

Source: UN Comtrade, 2025. Method

What Namibia buys, 2025

The 8 largest product chapters in imports.

Mineral fuels and oilsUS$1.1 billion13.4%
Machinery and mechanical appliancesUS$912 million11.4%
VehiclesUS$774 million9.7%
Ores, slag and ashUS$590 million7.4%
Electrical machinery and equipmentUS$492 million6.2%
Iron or steel articlesUS$258 million3.2%
PlasticsUS$203 million2.5%
BeveragesUS$199 million2.5%

Source: UN Comtrade, 2025. Method

Trade balance of goods

Exports minus imports. Red bars are years when imports were larger. A year is left out when either side is not published.

-4.0bn-3.0bn-2.0bn-1.0bn0201520172019202120232025Trade balance 2015: -US$3.1 billion (exports US$4.6 billion, imports US$7.7 billion)Trade balance 2016: -US$1.9 billion (exports US$4.8 billion, imports US$6.7 billion)Trade balance 2017: -US$1.5 billion (exports US$5.2 billion, imports US$6.8 billion)Trade balance 2018: -US$801 million (exports US$7.5 billion, imports US$8.3 billion)Trade balance 2019: -US$1.5 billion (exports US$4.7 billion, imports US$6.2 billion)Trade balance 2020: -US$1.2 billion (exports US$3.9 billion, imports US$5.0 billion)Trade balance 2021: -US$2.0 billion (exports US$4.4 billion, imports US$6.4 billion)Trade balance 2022: -US$2.0 billion (exports US$5.8 billion, imports US$7.8 billion)Trade balance 2023: -US$1.8 billion (exports US$5.5 billion, imports US$7.3 billion)Trade balance 2024: -US$2.3 billion (exports US$6.5 billion, imports US$8.9 billion)Trade balance 2025: -US$1.4 billion (exports US$6.5 billion, imports US$8.0 billion)

Source: UN Comtrade, 2025. Method

Remittances against foreign direct investment in Namibia

Foreign direct investment in Namibia was 20.1 times remittances in 2024.

Foreign direct investment net inflows were negative in 2019 and 2020: more investment left Namibia than came in.

Remittances receivedForeign direct investment, net inflows
-1.0bn01.0bn2.0bn3.0bn201520172019202120232025Remittances 2015: US$47 millionRemittances 2016: US$66 millionRemittances 2017: US$48 millionRemittances 2018: US$54 millionRemittances 2019: US$66 millionRemittances 2020: US$60 millionRemittances 2021: US$63 millionRemittances 2022: US$71 millionRemittances 2023: US$84 millionRemittances 2024: US$96 millionForeign direct investment 2015: US$839 millionForeign direct investment 2016: US$359 millionForeign direct investment 2017: US$280 millionForeign direct investment 2018: US$234 millionForeign direct investment 2019: -US$176 millionForeign direct investment 2020: -US$150 millionForeign direct investment 2021: US$840 millionForeign direct investment 2022: US$1.1 billionForeign direct investment 2023: US$2.3 billionForeign direct investment 2024: US$1.9 billionForeign direct investment 2025: US$1.4 billion

Source: World Bank, 2026. Method

Remittances and investment as a share of GDP

The same two flows measured against the size of the economy.

Remittances, share of GDPForeign direct investment, share of GDP
-5%0%5%10%15%20%201520172019202120232025Remittances 2015: 0.4%Remittances 2016: 0.6%Remittances 2017: 0.4%Remittances 2018: 0.4%Remittances 2019: 0.5%Remittances 2020: 0.6%Remittances 2021: 0.5%Remittances 2022: 0.6%Remittances 2023: 0.7%Remittances 2024: 0.7%Foreign direct investment 2015: 7.4%Foreign direct investment 2016: 3.3%Foreign direct investment 2017: 2.2%Foreign direct investment 2018: 1.7%Foreign direct investment 2019: -1.4%Foreign direct investment 2020: -1.4%Foreign direct investment 2021: 6.8%Foreign direct investment 2022: 8.4%Foreign direct investment 2023: 18.3%Foreign direct investment 2024: 14.2%Foreign direct investment 2025: 9.6%

Source: World Bank, 2026. Method

Who Namibia owes

External debt stock by type of creditor. Creditor types cover public and publicly guaranteed debt; the grey part is the rest of the total external debt stock. A creditor type with no published figure is not shown.

No external debt by creditor figures for Namibia are not published by the World Bank, so none are shown.

Source: World Bank, 2026. Method

Reserves and months of import cover

Total reserves including gold, and how many months of imports they cover.

Reserves, US$Months of imports
01.0bn2.0bn3.0bn4.0bn0246201520172019202120232025Reserves 2015: US$1.7 billionReserves 2016: US$1.8 billionReserves 2017: US$2.4 billionReserves 2018: US$2.1 billionReserves 2019: US$2.0 billionReserves 2020: US$2.2 billionReserves 2021: US$2.8 billionReserves 2022: US$2.8 billionReserves 2023: US$3.0 billionReserves 2024: US$3.4 billionReserves 2025: US$3.1 billionMonths of imports 2015: 2.8 monthsMonths of imports 2016: 3.2 monthsMonths of imports 2017: 4.3 monthsMonths of imports 2018: 3.6 monthsMonths of imports 2019: 3.8 monthsMonths of imports 2020: 5.0 monthsMonths of imports 2021: 4.5 monthsMonths of imports 2022: 4.1 monthsMonths of imports 2023: 3.7 monthsMonths of imports 2024: 4.0 months

Source: World Bank, 2026. Method

Aid received by Namibia

Net official development assistance and official aid received.

0100m200m300m400m20152017201920212023Aid received 2015: US$142 millionAid received 2016: US$170 millionAid received 2017: US$190 millionAid received 2018: US$159 millionAid received 2019: US$145 millionAid received 2020: US$181 millionAid received 2021: US$184 millionAid received 2022: US$327 millionAid received 2023: US$272 million

Source: World Bank, 2026. Method