Namibia: Fiscal balance, percent of GDP

* indicates monthly or quarterly data series
 Namibia

Fiscal balance, percent of GDP

 Latest value -3.80
 Year 2023
 Measure percent
 Data availability 2018 - 2023
 Average -5.80
 Min - Max -8.10 - -3.80
 Source African Development Bank
The latest value from 2023 is -3.8 percent, an increase from -5.1 percent in 2022. In comparison, the world average is -2.80 percent, based on data from 136 countries. Historically, the average for Namibia from 2018 to 2023 is -5.8 percent. The minimum value, -8.1 percent, was reached in 2020 while the maximum of -3.8 percent was recorded in 2023. See the global rankings for that indicator or use the country comparator to compare trends over time.
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Recent data
Namibia - Fiscal balance, percent of GDP - Recent values chart




Definition: The fiscal (budget) balance is the difference between government revenue and government expenditure. We express the value as percent of GDP to relate it to the size of the economy.

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International lending and sovereign debt

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 Related indicators Latest Reference Measure
 Government spending, percent of GDP 21.78 2023 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 27.17 2022 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 25.03 2022 percent
 Taxes on international trade 22.80 2022 percent
 Income and profits taxes 38.39 2022 percent
 Foreign aid 325.31 2022 million U.S. dollars
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