Namibia: Taxes on international trade
* indicates monthly or quarterly data series
| Namibia |
Taxes on international trade, percent of total revenue |
|---|---|
| Latest value | 27.26 |
| Year | 2021 |
| Measure | percent |
| Data availability | 1990 - 2021 |
| Average | 31.30 |
| Min - Max | 23.86 - 40.23 |
| Source | The World Bank |
The latest value from 2021 is 27.26 percent, a decline from 40.23 percent in 2020. In comparison, the world average is 6.16 percent, based on data from 84 countries. Historically, the average for Namibia from 1990 to 2021 is 31.3 percent. The minimum value, 23.86 percent, was reached in 2011 while the maximum of 40.23 percent was recorded in 2020.
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Definition: Taxes on international trade include import duties, export duties, profits of export or import monopolies, exchange profits, and exchange taxes.
Selected articles from our guide:
What factors determine the exchange rates
International lending and sovereign debt
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| Related indicators | Latest | Reference | Measure |
|---|---|---|---|
| Government spending, percent of GDP | 22.61 | 2022 | percent |
| Government spending, in dollars | 2.69 | 2023 | billion U.S. dollars |
| Fiscal balance, percent of GDP | -3.80 | 2023 | percent |
| Government debt | 67.00 | 2021 | percent |
| Tax revenue | 27.97 | 2021 | percent |
| Commercial tax rate | 20.70 | 2019 | percent |
| Tax preparation time | 302 | 2019 | hours |
| Number of taxes | 27 | 2019 | taxes |
| Taxes on goods and services | 24.45 | 2021 | percent |
| Taxes on international trade | 27.26 | 2021 | percent |
| Income and profits taxes | 40.53 | 2021 | percent |
| Foreign aid | 182.17 | 2021 | million U.S. dollars |