Namibia: Fiscal balance, percent of GDP

* indicates monthly or quarterly data series
 Namibia

Fiscal balance, percent of GDP

 Latest value -7
 Year 2022
 Measure percent
 Data availability 2018 - 2022
 Average -6.58
 Min - Max -8.1 - -4.9
 Source African Development Bank
For that indicator, we provide data for Namibia from 2018 to 2022. The average value for Namibia during that period was -6.58 percent with a minimum of -8.1 percent in 2020 and a maximum of -4.9 percent in 2019. The latest value from 2022 is -7 percent. For comparison, the world average in 2022 based on 149 countries is -2.63 percent. See the global rankings for that indicator or use the country comparator to compare trends over time.
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* indicates monthly or quarterly data series


Recent values chart
Namibia - Fiscal balance, percent of GDP - recent values




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.


 Related indicators Latest value Reference Measure
 Government spending, percent of GDP 22.61 2022 percent
 Government spending, in dollars 2.92 2022 billion U.S. dollars
 Fiscal balance, percent of GDP -7.00 2022 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
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