Namibia - External balance on goods and services (% of GDP)

External balance on goods and services (% of GDP) in Namibia was -9.66 as of 2020. Its highest value over the past 40 years was 14.11 in 1980, while its lowest value was -26.50 in 2015.

Definition: External balance on goods and services (formerly resource balance) equals exports of goods and services minus imports of goods and services (previously nonfactor services).

Source: World Bank national accounts data, and OECD National Accounts data files.

See also:

Year Value
1980 14.11
1981 -11.40
1982 -8.57
1983 -7.61
1984 -6.18
1985 11.50
1986 10.33
1987 -4.91
1988 1.50
1989 3.36
1990 -6.64
1991 -5.87
1992 -5.94
1993 -2.89
1994 -1.28
1995 -4.18
1996 -5.73
1997 -7.55
1998 -9.39
1999 -8.24
2000 -3.66
2001 -6.47
2002 -2.08
2003 -9.09
2004 -2.27
2005 0.14
2006 3.90
2007 -5.27
2008 -12.34
2009 -20.64
2010 -11.51
2011 -11.11
2012 -20.10
2013 -22.72
2014 -25.05
2015 -26.50
2016 -23.95
2017 -13.98
2018 -9.95
2019 -10.59
2020 -9.66

Aggregation method: Weighted average

Periodicity: Annual

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: National accounts