Namibia Budget Deficit
General government net lending/borrowing as % of GDP GGXCNL_NGDP
Namibia's budget deficit was -5.37% in 2025, ranked 149th globally. This represents a 49.5% decrease from 2024. Data from IMF WEO, covering 1990–2025.
Overview
Namibia's budget deficit stood at -5.37% in 2025, a decline of +1.78% from 2024. The IMF projects -5.37% by 2025. Namibia ranked 149th globally.
Namibia's budget deficit has exhibited significant fluctuations over the past three and a half decades, with the latest value standing at -5.37 percent of GDP, ranking 149th globally. The country's deficit peaked in 2007 at 6.01 percent of GDP, a stark contrast to the trough of -9.30 percent in 2016. This marked a notable shift from the early years of Namibia's independence, when the budget deficit stood at 1.07 percent in 1990. Compared to other countries in the region, Namibia's deficit is relatively close to that of Pakistan, which stood at -5.33 percent in the same year. The deficit has trended downward since 2016, a welcome development for the Namibian economy. However, the trajectory of the budget deficit remains sensitive to global commodity prices and the country's dependence on mining revenue, which could impact its trajectory in the coming years. A sustained increase in revenue from non-mining sectors would be essential to reducing the budget deficit and promoting economic stability.
Data & projection
| Year | Budget Deficit | YoY change | Rank |
|---|---|---|---|
| 2030* IMF | -3.61% | - | - |
| 2029* IMF | -3.75% | - | - |
| 2028* IMF | -3.98% | - | - |
| 2027* IMF | -4.42% | - | - |
| 2026* IMF | -5.15% | - | - |
| 2025* IMF | -5.37% | - | - |
| 2025 | -5.37% | −1.78% | #149 |
| 2024 | -3.59% | −0.45% | #73 |
| 2023 | -3.14% | +3.19% | #88 |
| 2022 | -6.33% | +2.35% | #33 |
| 2021 | -8.68% | −0.61% | #20 |
| 2020 | -8.07% | −2.58% | #62 |
| 2019 | -5.49% | −0.40% | #28 |
| 2018 | -5.09% | −0.10% | #30 |
| 2017 | -4.99% | +4.31% | #39 |
| 2016 | -9.30% | −1.00% | #19 |
| 2015 | -8.30% | −1.86% | #18 |
| 2014 | -6.44% | −1.75% | #20 |
| 2013 | -4.69% | −1.59% | #46 |
| 2012 | -3.10% | +3.99% | #78 |
| 2011 | -7.09% | −2.11% | #18 |
Detected Pattern
Analysis
Namibia matched the Stagflation Risk pattern in 2009. Historically, 38% of countries showing this pattern (117 out of 307) saw budget deficit improve within 24 months. View full analysis →
Frequently Asked Questions
Namibia's budget deficit was -5.37% in 2025. Ranked 149th globally. This represents a 49.5% decrease from the previous year.
Namibia's budget deficit peaked at 6.01% in 2007.
The lowest budget deficit in Namibia was -9.30% in 2016.
Namibia ranks 149th globally in budget deficit as of 2025.
The World Bank indicator code is GGXCNL_NGDP. Data sourced from IMF WEO.
Namibia's budget deficit is projected to reach -5.37% by 2025 based on IMF projection.
The budget deficit of Namibia in 2025 was -5.37%. This ranks 149th in the world.
Cite this page
@misc{historysaid_namibia_budget-deficit,
title = {Namibia Budget Deficit},
url = {https://historysaid.com/namibia/budget-deficit/},
publisher = {HistorySaid},
year = {2026}
}