Namibia: Savings, percent of GDP
* indicates monthly or quarterly data series
| Namibia |
Savings as percent of GDP |
|---|---|
| Latest value | 5.54 |
| Year | 2022 |
| Measure | percent |
| Data availability | 1990 - 2022 |
| Average | 22.15 |
| Min - Max | 5.54 - 37.82 |
| Source | The World Bank |
The latest value from 2022 is 5.54 percent, a decline from 6.02 percent in 2021. In comparison, the world average is 24.61 percent, based on data from 123 countries. Historically, the average for Namibia from 1990 to 2022 is 22.15 percent. The minimum value, 5.54 percent, was reached in 2022 while the maximum of 37.82 percent was recorded in 1990.
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* indicates monthly or quarterly data series
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The savings in Namibia and other countries is calculated as the difference between income and consumption, expressed as percent of GDP.
Definition: Gross savings are calculated as gross national income less total consumption, plus net transfers.
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| Related indicators | Latest | Reference | Measure |
|---|---|---|---|
| Share of industry | 30.02 | 2023 | percent |
| Share of manufacturing | 11.23 | 2023 | percent |
| Share of services | 53.40 | 2023 | percent |
| Industry value added | 3.71 | 2023 | billion U.S. dollars |
| Manufacturing value added | 1.39 | 2023 | billion U.S. dollars |
| Services value added | 6.60 | 2023 | billion U.S. dollars |
| Savings, percent of GDP | 5.54 | 2022 | percent |
| Savings, in dollars | 1.36 | 2023 | billion U.S. dollars |