Namibia recorded a Government Budget deficit equal to 4.50 percent of the country's Gross Domestic Product in 2019. source: Bank of Namibia

Government Budget in Namibia averaged -3.10 percent of GDP from 2004 until 2019, reaching an all time high of 5.10 percent of GDP in 2007 and a record low of -8.40 percent of GDP in 2015. This page provides - Namibia Government Budget - actual values, historical data, forecast, chart, statistics, economic calendar and news. Namibia Government Budget - values, historical data and charts - was last updated on October of 2020.

Government Budget in Namibia is expected to reach -8.60 percent of GDP by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Namibia Government Budget is projected to trend around -7.20 percent of GDP in 2021 and -6.00 percent of GDP in 2022, according to our econometric models.

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Namibia Government Budget

Actual Previous Highest Lowest Dates Unit Frequency
-4.50 -5.20 5.10 -8.40 2004 - 2019 percent of GDP Yearly

Namibia Government Last Previous Highest Lowest Unit
Government Debt to GDP 53.30 49.10 53.30 14.22 percent [+]
Government Budget -4.50 -5.20 5.10 -8.40 percent of GDP [+]
Government Spending 39480.00 39324.00 40186.00 6120.00 NAD Million [+]
Government Debt 86647.30 72762.60 86647.30 11655.30 NAD Million [+]
Military Expenditure 436.00 458.00 565.00 75.00 USD Million [+]
Credit Rating 45.00 [+]

Namibia Government Budget
Government Budget is an itemized accounting of the payments received by government (taxes and other fees) and the payments made by government (purchases and transfer payments). A budget deficit occurs when an government spends more money than it takes in. The opposite of a budget deficit is a budget surplus.