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Economy of Namibia vs Nepal compared: GDP & Debt

Updated on by Georank team

Namibia has a GDP of $13.4B compared to $42.9B for Nepal, ranking 147/197 and 101/197 by economy size, respectively.

Namibia has $9.05B in government debt (67.7% of GDP), compared to $20.7B (48.3% of GDP) in Nepal.

Namibia vs Nepal GDP by year

Namibia
Nepal
1x
Year GDP, current $
Namibia Nepal
2024 $13,372,354,512 $42,914,268,287
2023 $12,408,271,449 $41,047,772,331
2022 $12,569,449,123 $41,182,939,601
2021 $12,402,486,184 $36,924,841,394
2020 $10,583,748,542 $33,433,659,301
2019 $12,541,928,303 $34,186,180,699
2018 $13,682,019,076 $33,111,525,237
2017 $12,895,153,371 $28,971,588,940
2016 $10,722,018,732 $24,524,109,484
2015 $11,335,161,084 $24,360,801,287
2014 $12,435,430,970 $22,731,612,922
2013 $12,043,307,277 $22,162,204,925
2012 $13,042,053,592 $21,703,100,877
2011 $12,523,359,441 $21,573,872,421
2010 $11,431,412,421 $16,002,656,434
2009 $8,938,847,189 $12,854,985,464
2008 $8,607,431,497 $12,545,438,605
2007 $8,839,536,476 $10,325,618,017
2006 $8,001,779,551 $9,043,715,356
2005 $7,248,374,838 $8,130,258,378
2004 $6,609,205,995 $7,273,938,315
2003 $4,926,439,384 $6,330,473,097
2002 $3,349,169,826 $6,050,875,807
2001 $3,557,341,215 $6,007,055,042
2000 $3,922,232,165 $5,494,252,208
1999 $3,868,551,730 $5,033,642,384
1998 $3,873,109,866 $4,856,255,044
1997 $4,154,989,950 $4,918,691,917
1996 $3,989,163,197 $4,521,580,381
1995 $3,978,514,206 $4,401,104,418
1994 $3,666,503,530 $4,066,775,510
1993 $3,251,188,833 $3,660,041,667
1992 $3,429,521,699 $3,401,211,581
1991 $2,996,869,281 $3,921,476,085
1990 $2,789,921,854 $3,627,560,239
1989 $2,535,135,798 $3,525,225,787
1988 $2,495,094,746 $3,487,009,748
1987 $2,300,068,217 $2,957,255,380
1986 $1,809,048,527 $2,850,782,044
1985 $1,608,237,350 $2,619,913,956
1984 $1,951,260,038 $2,581,207,388
1983 $2,297,400,688 $2,447,174,803
1982 $2,118,710,248 $2,395,423,742
1981 $2,249,908,578 $2,275,583,317
1980 $2,421,990,338 $1,945,916,583
1979 - $1,851,250,008
1978 - $1,604,162,497
1977 - $1,382,400,000
1976 - $1,452,788,985
1975 - $1,575,789,254
1974 - $1,217,953,547
1973 - $972,101,725
1972 - $1,024,098,400
1971 - $882,765,472
1970 - $865,975,309
1969 - $788,641,965
1968 - $772,231,387
1967 - $841,974,025
1966 - $906,811,944
1965 - $735,267,082
1964 - $496,098,775
1963 - $496,947,904
1962 - $574,091,101
1961 - $531,959,562
1960 - $508,334,414

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

GeoRank.org/economy/namibia/nepal | CC BY

GDP per capita in Namibia vs Nepal by year

Namibia
GDP per capita

GDP per capita, PPP
Nepal
GDP per capita

GDP per capita, PPP
1x
Year Current $
Namibia Nepal
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $4,413 $11,687 $1,447 $5,737
2023 $4,188 $11,251 $1,382 $5,395
2022 $4,350 $10,663 $1,386 $5,103
2021 $4,413 $9,709 $1,253 $4,546
2020 $3,879 $9,354 $1,154 $4,236
2019 $4,732 $9,609 $1,203 $4,261
2018 $5,309 $9,854 $1,179 $3,956
2017 $5,144 $9,888 $1,034 $3,605
2016 $4,396 $10,200 $877 $2,976
2015 $4,774 $10,466 $876 $2,957
2014 $5,378 $10,365 $821 $2,901
2013 $5,347 $9,699 $803 $2,658
2012 $5,943 $9,364 $788 $2,466
2011 $5,835 $9,002 $786 $2,248
2010 $5,418 $8,538 $585 $2,139
2009 $4,303 $8,079 $473 $2,029
2008 $4,205 $8,125 $465 $1,942
2007 $4,379 $7,875 $385 $1,809
2006 $4,017 $7,374 $340 $1,718
2005 $3,686 $6,767 $309 $1,628
2004 $3,403 $6,480 $279.6 $1,542
2003 $2,569 $5,693 $246.4 $1,453
2002 $1,772 $5,433 $238.9 $1,390
2001 $1,916 $5,196 $240.8 $1,388
2000 $2,157 $5,129 $223.8 $1,317
1999 $2,178 $4,961 $208.6 $1,234
1998 $2,235 $4,852 $205.1 $1,187
1997 $2,460 $4,764 $211.8 $1,162
1996 $2,423 $4,612 $198.8 $1,110
1995 $2,483 $4,509 $197.8 $1,058
1994 $2,356 $4,376 $187.3 $1,026
1993 $2,155 $4,345 $172.8 $952
1992 $2,347 $4,452 $165 $920
1991 $2,117 $4,192 $195.7 $889
1990 $2,037 $3,875 $185.8 $830
1989 $1,967 - $185 -
1988 $2,063 - $187.1 -
1987 $1,969 - $162 -
1986 $1,599 - $159.5 -
1985 $1,466 - $149.9 -
1984 $1,830 - $151.1 -
1983 $2,214 - $146.6 -
1982 $2,097 - $147 -
1981 $2,267 - $142.9 -
1980 $2,468 - $125.1 -
1979 - - $121.9 -
1978 - - $108.1 -
1977 - - $95.3 -
1976 - - $102.5 -
1975 - - $113.6 -
1974 - - $89.8 -
1973 - - $73.2 -
1972 - - $78.8 -
1971 - - $69.5 -
1970 - - $69.6 -
1969 - - $64.8 -
1968 - - $64.9 -
1967 - - $72.3 -
1966 - - $79.5 -
1965 - - $65.8 -
1964 - - $45.3 -
1963 - - $46.3 -
1962 - - $54.6 -
1961 - - $51.6 -
1960 - - $50.2 -

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

GeoRank.org/economy/namibia/nepal | CC BY

Namibia's GDP per capita is $4,413, ranking 126/197, compared to $1,447 in Nepal, ranking 164/197. Adjusted for purchasing power (GDP per capita PPP), Namibia ranks 128th at $11,687, while Nepal ranks 155th at $5,737.

Economic indicators

Namibia Nepal
Gross domestic product
$13.4B
2024
$42.9B
2024
GDP rank
147/197
2024
101/197
2024
GDP growth
3.71%
2023-2024
3.67%
2023-2024
GDP per capita
$4,413
2024
$1,447
2024
GDP per capita rank
126/197
2024
164/197
2024
GDP per capita, PPP
$11,687
2024
$5,737
2024
GDP per capita PPP rank
128/197
2024
155/197
2024
Government debt
$9.05B
2024
$20.7B
2024
Debt-to-GDP ratio
67.7%
2024
48.3%
2024
Government debt per person
$2,988
2024
$700
2024
Government debt per person rank
100/185
2024
154/185
2024
Average annual personal income after taxes
$6,197
2026
$2,170
2026
Market capitalization of domestic companies
$2.48B
2024
n/a
Number of billionaires n/a
2
2025
Income share by richest 10%
47.2%
2015
24.2%
2022
Income share by poorest 10%
1%
2015
3.7%
2022
Government expenditure, % of GDP
39.9%
2024
22.1%
2024
Consumer prices inflation
4.2%
2023-2024
4.69%
2023-2024
Central bank interest rate
6.5%
2025
n/a
Unemployment rate
19.9%
2018
10.7%
2017
Population
3173089
29596762

Spending and national debt comparison by year

Namibia
Spending

Debt
Nepal
Spending

Debt
1x
Year % of GDP
Namibia Nepal
Government spending Government debt Government spending Government debt
2024 39.9% 67.7% 22.1% 48.3%
2023 37% 67.2% 25.1% 47%
2022 36.6% 69.4% 26.1% 42.7%
2021 39.3% 69.6% 27.2% 43.3%
2020 41.5% 64.3% 28.5% 43.3%
2019 37.4% 57.6% 27.1% 34%
2018 36.3% 48.7% 28% 31.1%
2017 38.1% 43.8% 23.6% 25%
2016 41.8% 45.8% 19% 25%
2015 43.7% 42.1% 17.7% 25.7%
2014 41.8% 27.6% 16.6% 27.6%
2013 38.3% 26.1% 15.5% 31.9%
2012 35% 24.6% 16.8% 34.5%
2011 38.5% 27.4% 16.3% 32.4%
2010 33.5% 16.3% 16.5% 35.4%
2009 32% 15.9% 17% 39.5%
2008 28.4% 19.1% 13.4% 36.8%
2007 26.1% 19.4% 13.1% 37.9%
2006 27.4% 26.1% 11.2% 42.9%
2005 27.7% 26.9% 12% 45.1%
2004 28.4% 29.2% 11.8% 51.3%
2003 31.1% 27.1% 12% 53%
2002 29.8% 22.2% 13% 51.8%
2001 30.7% 24.4% 12.9% 50.8%
2000 30.1% 20.9% 11.4% 50.8%
1999 31.8% 21.8% - -
1998 31.3% 19.6% - -
1997 30.9% 17.7% - -
1996 30.4% 18.7% - -
1995 29.6% 18% - -
1994 28.7% 16.4% - -
1993 32.4% 17.2% - -
1992 32.8% 14.1% - -
1991 33% 11.8% - -
1990 30.2% 12.9% - -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1990–1992, retrieved 2026-02-20).

GeoRank.org/economy/namibia/nepal | CC BY

In 2024, Namibia's government spending was $5.34B, accounting for 39.9% of its GDP, while Nepal spent $9.5B, or 22.1% of GDP.

Debt-to-GDP ratio is 67.7% in Namibia and 48.3% in Nepal, ranking 61/185 and 112/185, respectively.

Government deficit by year

Deficit/surplus
Namibia

Nepal
1x
Year Deficit/surplus, % of GDP
Namibia Nepal
2024 -3.59% -2.76%
2023 -3.14% -5.81%
2022 -6.33% -3.12%
2021 -8.68% -3.98%
2020 -8.07% -7.47%
2019 -5.49% -4.27%
2018 -5.09% -5.83%
2017 -4.99% -2.69%
2016 -9.3% 1.2%
2015 -8.3% 0.46%
2014 -6.44% 1.36%
2013 -4.69% 1.57%
2012 -3.1% -1.18%
2011 -7.09% -0.72%
2010 -4.98% -0.67%
2009 -0.4% -2.24%
2008 3.48% -0.29%
2007 6.01% -0.67%
2006 3.41% 0.24%
2005 -0.31% 0.24%
2004 -2.67% -0.14%
2003 -4.47% -0.34%
2002 -1.38% -2.46%
2001 -2.01% -2.35%
2000 -0.79% -1.48%
1999 -1.88% -
1998 -2.76% -
1997 -2.38% -
1996 -3.7% -
1995 -1.74% -
1994 -0.57% -
1993 -2.73% -
1992 -2.55% -
1991 -1.59% -
1990 1.08% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20).

GeoRank.org/economy/namibia/nepal | CC BY

In 2024, Namibia's government deficit, the difference between spending and revenue, was $480M, equivalent to 3.59% of GDP. This compares to Nepal's deficit of $1.19B, or 2.76% of GDP.

Over the past 25 years, Namibia recorded a fiscal deficit in 22 of those years, while Nepal ran a deficit in 19 years. On average, Namibia posted an annual deficit equal to 3.54% of GDP, compared to deficit of 1.74% of GDP for Nepal.

Inflation comparison by year

Inflation
Namibia

Nepal
1x
Year Consumer prices inflation
Namibia Nepal
2024 4.2% 4.69%
2023 5.9% 7.12%
2022 6.1% 7.67%
2021 3.6% 4.13%
2020 2.2% 5.06%
2019 3.7% 5.57%
2018 4.3% 4.41%
2017 6.1% 2.78%
2016 6.7% 8.79%
2015 3.4% 7.87%
2014 5.3% 8.36%
2013 5.6% 9.04%
2012 6.7% 9.46%
2011 5% 9.23%
2010 4.9% 9.33%
2009 9.5% 11.1%
2008 9.1% 9.91%
2007 6.5% 2.27%
2006 5% 6.92%
2005 2.3% 6.84%
2004 4.1% 2.84%
2003 7.2% 5.71%
2002 12.7% 3.03%
2001 10.2% 2.69%
2000 10.2% 2.48%
1999 9.4% 7.45%
1998 6.6% 11.2%
1997 9.7% 4.01%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2024, retrieved 2026-02-20); World Bank | Economy & Growth (1997–2024, retrieved 2026-04-06).

GeoRank.org/economy/namibia/nepal | CC BY

Over the past 28 years, Namibia has recorded an average annual inflation rate of 6.29%, compared with 6.43% in Nepal. In 2024, inflation was 4.2% in Namibia and 4.69% in Nepal.

Top exports between countries

Namibia
Export category Export value
Animal & marine products $160K
Nepal
Export category Export value
Raw agricultural goods $14K
Textiles & consumer goods $2K

Balance of trade

Namibia Nepal
Current account balance
-$1.89M
2024
$1.68B
2024
Current account balance ranking
78/190
2024
50/190
2024
Current account balance, % of GDP
-0.01%
2024
+3.91%
2024
Goods imports
$6.77B
2024
$12.1B
2024
Goods exports
$4.67B
2024
$1.54B
2024
Service imports
$2.47B
2024
$2.27B
2024
Service exports
$1.29B
2024
$1.9B
2024
Imports of goods and services, % of GDP
68%
2024
32.9%
2024
Exports of goods and services, % of GDP
41.6%
2024
7.62%
2024

Economic freedom indices

The indices of economic freedom below are issued by the Heritage Foundation. Higher scores indicate stronger economic health.

Namibia Nepal
Economic freedom 60.2 52.9
Economic freedom ranking 95/197 144/197
Property rights 63.1 38.8
Government integrity 51.5 38.9
Judicial effectiveness 67.2 42.9
Tax burden 66.4 84.3
Government spending 57.1 82.1
Fiscal health 60.5 71
Business freedom 58 60.8
Labor freedom 62.7 48.2
Monetary freedom 76.1 69.4
Trade freedom 69.8 58.6
Investment freedom 50 10
Financial freedom 40 30

Economic freedom comparison by year

Namibia
Nepal
1x
Year Economic freedom index
Namibia Nepal
2026 60.2 52.9
2025 58.7 52.5
2024 57.5 52.1
2023 57.7 51.4
2022 59.2 49.7
2021 62.6 50.7
2020 60.9 54.2
2019 58.7 53.8
2018 58.5 54.1
2017 62.5 55.1
2016 61.9 50.9
2015 59.6 51.3
2014 59.4 50.1
2013 60.3 50.4
2012 61.9 50.2
2011 62.7 50.1
2010 62.2 52.7
2009 62.4 53.2
2008 61.4 54.1
2007 63.5 54.4
2006 60.7 53.7
2005 61.4 51.4
2004 62.4 51.2
2003 67.3 51.5
2002 65.1 52.3
2001 64.8 51.6
2000 66.7 51.3
1999 66.1 53.1
1998 66.1 53.5
1997 61.6 53.6
1996 - 50.3

Data sources: The Heritage Foundation | Economic Freedom Index (1996–2026, retrieved 2026-03-09).

GeoRank.org/economy/namibia/nepal | CC BY

The Economic Freedom Index for Namibia is 60.2, ranking 95/197, compared to 52.9 for Nepal, ranking 144/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Namibia Nepal
Services, % of GDP
54.5%
2024
55.2%
2024
Industry, % of GDP
28.9%
2024
11.4%
2024
Agriculture, forestry, and fishing, % of GDP
7.29%
2024
21.9%
2024
GNI, Atlas method
$12.8B
2024
$43.7B
2024
GNI per capita, PPP
$11,300
2024
$5,830
2024
Total reserves including gold
$3.36B
2024
$12.5B
2023
Total reserves ranking
115/177
2024
74/177
2023
Net foreign direct investment
-$1.93M
2024
-$56.9M
2024
Net inflows of foreign direct investment
$1.97B
2024
$56.9M
2024
Net outflows of foreign direct investment
$44.5M
2024
$0
2024
Servicing debt to the IMF, % of GNI n/a
1.23%
2024
Poverty at national poverty lines
17.4%
2015
20.3%
2022
Gross capital formation, % of GDP
25.6%
2024
30.4%
2024

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2024, retrieved 2026-04-06); U.S. Census Bureau (1985–2024, retrieved 2026-02-08).

GeoRank.org/economy/namibia/nepal | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20)
  3. The Heritage Foundation | Economic Freedom Index (1996–2026, retrieved 2026-03-09)
  4. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  5. International Monetary Fund (IMF) | Public Finances in Modern History (1990–1992, retrieved 2026-02-20)
  6. TradeMap (2022–2023, retrieved 2026-02-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  8. LivingCost (2026, retrieved 2025-10-14)

Creative Commons Attribution (CC BY) — you’re free to copy, share, remix, adapt, and use even commercially as long as you give appropriate credit and clearly indicate if you made changes. Other sources may be subject to different license terms.

The current account balance is the sum of net trade in goods and services, net earnings from cross-border investments, and net transfer payments. It reflects a country's economic transactions with the rest of the world and is a fundamental component of the balance of payments. A surplus indicates that a country exports more than it imports, while a deficit shows the opposite.

Gross National Income (GNI) measures a country's total income. It encompasses income earned by residents, businesses, and foreign sources, defined as employee compensation and investment profits. GNI adds product taxes not included elsewhere and subtracts subsidies. It accounts for income from residents working abroad but excludes earnings from foreigners within the country.

A negative value for Net Foreign Direct Investment indicates a country is a net receiver of investments, as foreign inflows exceed outflows after Balance of Payments adjustments. A positive value indicates a net provider, with outflows exceeding inflows. Inflows are credits (increasing foreign claims on domestic assets), while outflows are debits (increasing domestic assets abroad).

Foreign direct investment (FDI, net inflows) shows how much capital foreign investors bring into a country after accounting for any funds that flow back in the opposite direction. It represents the net value of overseas companies establishing, expanding, or financing businesses in the reporting country. A positive number means more capital entered the country than was withdrawn, while a negative number means foreign investors pulled out more than they invested.

Foreign direct investment (FDI, net outflows) shows how much capital residents of a country invest abroad after accounting for any funds that flow back in the opposite direction. It represents the net value of domestic companies establishing, expanding, or financing businesses in other countries. A positive number means more capital was invested abroad than withdrawn, while a negative number means residents pulled back more than they invested.

Principal and interest payments to the IMF in currency, goods, or services on long-term debt expressed as a share of GNI.

Formerly gross domestic investment, gross capital formation measures the share of a country’s economic output invested in fixed assets, including buildings, machinery, and infrastructure. It indicates how much of the economy is devoted to building productive capacity.