Namibia recorded a Government Budget deficit equal to 9.50 percent of the country's Gross Domestic Product in 2020. source: Bank of Namibia

Government Budget in Namibia averaged -3.49 percent of GDP from 2004 until 2020, reaching an all time high of 5.10 percent of GDP in 2007 and a record low of -9.50 percent of GDP in 2020. 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 May of 2021.

Government Budget in Namibia is expected to reach -10.00 percent of GDP by the end of 2021, according to Trading Economics global macro models and analysts expectations. In the long-term, the Namibia Government Budget is projected to trend around -8.00 percent of GDP in 2022 and -6.00 percent of GDP in 2023, according to our econometric models.

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Namibia Government Budget

Actual Previous Highest Lowest Dates Unit Frequency
-9.50 -5.00 5.10 -9.50 2004 - 2020 percent of GDP Yearly

Namibia Government Last Previous Highest Lowest Unit
Government Debt to GDP 69.60 54.80 69.60 14.22 percent [+]
Government Budget -9.50 -5.00 5.10 -9.50 percent of GDP [+]
Government Spending 39311.00 39922.00 40186.00 6120.00 NAD Million [+]
Government Debt 111507.00 99806.00 111507.00 11655.30 NAD Million [+]
Military Expenditure 427.00 456.00 590.00 79.00 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.