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Economy of Namibia vs Qatar compared: GDP & Debt

Updated on by Georank

Namibia has a GDP of $15.1B compared to $216B for Qatar, ranking 146/197 and 56/197 by economy size, respectively.

Namibia has $10.6B in government debt (70.2% of GDP), compared to $89.2B (41.4% of GDP) in Qatar.

Namibia vs Qatar GDP by year

Namibia
Qatar
1x
Year GDP, current $
Namibia Qatar
2025 $15,080,340,654 $215,559,615,385
2024 $13,641,190,683 $216,294,505,495
2023 $12,522,012,874 $213,002,809,341
2022 $12,569,449,123 $235,709,325,714
2021 $12,402,486,184 $179,732,009,560
2020 $10,583,748,542 $144,411,363,352
2019 $12,541,928,303 $176,371,267,692
2018 $13,682,019,076 $183,334,953,819
2017 $12,895,153,371 $161,099,122,225
2016 $10,722,018,732 $151,732,181,868
2015 $11,335,161,084 $161,739,955,577
2014 $12,435,430,970 $206,224,598,571
2013 $12,043,307,277 $198,727,642,967
2012 $13,042,053,592 $186,833,502,363
2011 $12,523,359,441 $167,775,274,725
2010 $11,431,412,421 $125,122,252,747
2009 $8,938,847,189 $97,798,351,648
2008 $8,607,431,497 $115,269,780,220
2007 $8,839,536,476 $79,711,813,187
2006 $8,001,779,551 $60,882,142,857
2005 $7,248,374,838 $44,530,494,505
2004 $6,609,205,995 $31,734,065,934
2003 $4,926,439,384 $23,533,791,209
2002 $3,349,169,826 $19,363,736,264
2001 $3,557,341,215 $17,538,461,538
2000 $3,922,232,165 $17,759,890,110
1999 $3,868,551,730 $12,393,131,868
1998 $3,873,109,866 $10,255,494,505
1997 $4,154,989,950 $11,297,802,198
1996 $3,989,163,197 $9,059,340,659
1995 $3,978,514,206 $8,137,912,088
1994 $3,666,503,530 $7,374,450,549
1993 $3,251,188,833 $7,156,593,407
1992 $3,429,521,699 $7,646,153,846
1991 $2,996,869,281 $6,883,516,484
1990 $2,789,921,854 $7,360,439,560
1989 $2,535,135,798 $6,487,912,088
1988 $2,495,094,746 $6,038,186,813
1987 $2,300,068,217 $5,446,428,571
1986 $1,809,048,527 $5,053,021,978
1985 $1,608,237,350 $6,153,296,703
1984 $1,951,260,038 $6,870,329,670
1983 $2,297,400,688 $6,484,890,110
1982 $2,118,710,248 $7,611,263,736
1981 $2,249,908,578 $8,672,527,473
1980 $2,421,990,338 $7,837,915,956
1979 - $5,632,962,997
1978 - $4,052,000,413
1977 - $3,617,564,638
1976 - $3,284,273,987
1975 - $2,512,773,166
1974 - $2,401,403,227
1973 - $793,885,560
1972 - $510,262,500
1971 - $387,703,106
1970 - $301,791,302

Data sources: World Bank | Economy & Growth (1970–2025, retrieved 2026-07-08).

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

GDP per capita in Namibia vs Qatar by year

Namibia
GDP per capita

GDP per capita, PPP
Qatar
GDP per capita

GDP per capita, PPP
1x
Year Current $
Namibia Qatar
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $4,876 - $72,525 -
2024 $4,502 $11,687 $75,685 $126,046
2023 $4,226 $11,251 $80,196 $129,368
2022 $4,350 $10,663 $88,701 $122,921
2021 $4,413 $9,709 $71,752 $116,833
2020 $3,879 $9,354 $51,684 $82,149
2019 $4,732 $9,609 $66,841 $107,503
2018 $5,309 $9,854 $71,040 $110,033
2017 $5,144 $9,888 $63,280 $99,358
2016 $4,396 $10,200 $61,254 $89,935
2015 $4,774 $10,466 $68,985 $102,546
2014 $5,378 $10,365 $95,841 $148,389
2013 $5,347 $9,699 $103,697 $169,203
2012 $5,943 $9,364 $108,470 $180,939
2011 $5,835 $9,002 $103,262 $174,620
2010 $5,418 $8,538 $77,387 $151,646
2009 $4,303 $8,079 $60,786 $125,898
2008 $4,205 $8,125 $80,781 $126,015
2007 $4,379 $7,875 $65,954 $124,056
2006 $4,017 $7,374 $62,582 $127,181
2005 $3,686 $6,767 $53,950 $115,250
2004 $3,403 $6,480 $41,036 $110,958
2003 $2,569 $5,693 $31,602 $94,120
2002 $1,772 $5,433 $27,227 $93,177
2001 $1,916 $5,196 $25,871 $89,805
2000 $2,157 $5,129 $27,535 $88,849
1999 $2,178 $4,961 $20,234 $84,690
1998 $2,235 $4,852 $17,665 $84,486
1997 $2,460 $4,764 $20,523 $79,219
1996 $2,423 $4,612 $17,125 $62,331
1995 $2,483 $4,509 $15,823 $60,321
1994 $2,356 $4,376 $14,765 $59,415
1993 $2,155 $4,345 $14,770 $59,125
1992 $2,347 $4,452 $16,280 $60,387
1991 $2,117 $4,192 $15,133 $54,759
1990 $2,037 $3,875 $16,722 $55,659
1989 $1,967 - $15,243 -
1988 $2,063 - $14,682 -
1987 $1,969 - $13,719 -
1986 $1,599 - $13,213 -
1985 $1,466 - $16,815 -
1984 $1,830 - $19,749 -
1983 $2,214 - $19,669 -
1982 $2,097 - $24,431 -
1981 $2,267 - $29,543 -
1980 $2,468 - $28,407 -
1979 - - $21,777 -
1978 - - $16,757 -
1977 - - $16,058 -
1976 - - $15,710 -
1975 - - $13,014 -
1974 - - $13,540 -
1973 - - $4,905 -
1972 - - $3,483 -
1971 - - $2,952 -
1970 - - $2,594 -

Data sources: World Bank | Economy & Growth (1970–2025, retrieved 2026-07-08).

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

Namibia's GDP per capita is $4,876, ranking 125/197, compared to $72,525 in Qatar, ranking 13/197. Adjusted for purchasing power (GDP per capita PPP), Namibia ranks 128th at $11,687, while Qatar ranks 5th at $126,046.

Economic indicators

Namibia Qatar
Gross domestic product
$15.1B
2025
$216B
2025
GDP rank
146/197
2025
56/197
2025
GDP growth
1.73%
2024-2025
2.9%
2024-2025
GDP per capita
$4,876
2025
$72,525
2025
GDP per capita rank
125/197
2025
13/197
2025
GDP per capita, PPP
$11,687
2024
$126,046
2024
GDP per capita PPP rank
128/197
2024
5/197
2024
Government debt
$10.6B
2025
$89.2B
2025
Debt-to-GDP ratio
70.2%
2025
41.4%
2025
Government debt per person
$3,425
2025
$30,009
2025
Government debt per person rank
97/185
2025
24/185
2025
Average annual personal income after taxes
$3,433
2026
$37,042
2026
Market capitalization of domestic companies
$2.48B
2024
$177B
2025
Number of millionaires n/a
30,000
2026
Number of billionaires n/a
2
2026
Income share by richest 10%
47.2%
2015
25.8%
2017
Income share by poorest 10%
1%
2015
2.6%
2017
Government expenditure, % of GDP
39.4%
2025
27.1%
2025
Consumer prices inflation
3.5%
2024-2025
0.6%
2024-2025
Central bank interest rate
6.5%
2025
4.1%
2025
Unemployment rate
19.9%
2018
0.1%
2024
Population
3185686
3058826

Spending and national debt comparison by year

Namibia
Spending

Debt
Qatar
Spending

Debt
1x
Year % of GDP
Namibia Qatar
Government spending Government debt Government spending Government debt
2025 39.4% 70.2% 27.1% 41.4%
2024 39.6% 69.8% 26% 41.3%
2023 37% 67.9% 26.7% 42.8%
2022 36.6% 70.1% 24.3% 42.6%
2021 39.3% 69.6% 29.4% 58.4%
2020 41.5% 64.3% 34.7% 72.6%
2019 37.4% 57.6% 32.5% 62.1%
2018 36.3% 48.7% 28.9% 52.2%
2017 38.1% 43.8% 34.7% 51.6%
2016 41.8% 45.8% 40.1% 46.7%
2015 43.7% 42.1% 38.6% 35.5%
2014 41.8% 27.6% 32.3% 24.9%
2013 38.3% 26.1% 28.3% 30.9%
2012 35% 24.6% 31% 32.1%
2011 38.5% 27.4% 28.5% 33.5%
2010 33.5% 16.3% 32% 30.4%
2009 32% 15.9% 36.4% 36%
2008 28.4% 19.1% 23.5% 11.4%
2007 26.1% 19.4% 29.5% 9.37%
2006 27.4% 26.1% 29.5% 13.9%
2005 27.7% 26.9% 29% 19.1%
2004 28.4% 29.2% 29.9% 30.1%
2003 31.1% 27.1% 28.5% 38.8%
2002 29.8% 22.2% 31.6% 47.7%
2001 30.7% 24.4% 32.1% 59.2%
2000 30.1% 20.9% 29.8% 51.6%
1999 31.8% 21.8% 42.4% 81.8%
1998 31.3% 19.6% 55.1% 76.6%
1997 30.9% 17.7% 47.6% 54.4%
1996 30.4% 18.7% 55.2% 57.8%
1995 29.6% 18% 52.2% 50.2%
1994 28.7% 16.4% 59.8% 54.8%
1993 32.4% 17.2% 62.8% 46.3%
1992 32.8% 14.1% 54.2% 19.9%
1991 33% 11.8% 57.5% 21.8%
1990 30.2% 12.9% 50% 12.6%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1990–1992, retrieved 2026-07-08).

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

In 2025, Namibia's government spending was $5.94B, accounting for 39.4% of its GDP, while Qatar spent $58.4B, or 27.1% of GDP.

Debt-to-GDP ratio is 70.2% in Namibia and 41.4% in Qatar, ranking 57/185 and 127/185, respectively.

Government deficit by year

Deficit/surplus
Namibia

Qatar
1x
Year Deficit/surplus, % of GDP
Namibia Qatar
2025 -6.46% -1%
2024 -3.84% 0.71%
2023 -3.14% 5.51%
2022 -6.33% 10.4%
2021 -8.68% 0.24%
2020 -8.07% -2.13%
2019 -5.49% 1%
2018 -5.09% 2.26%
2017 -4.99% -6.82%
2016 -9.3% -9.2%
2015 -8.3% 18.4%
2014 -6.44% 13.4%
2013 -4.69% 19.3%
2012 -3.1% 8.55%
2011 -7.09% 5.24%
2010 -4.98% 4.6%
2009 -0.4% 14.1%
2008 3.48% 9.49%
2007 6.01% 10.3%
2006 3.41% 8.39%
2005 -0.31% 9.8%
2004 -2.67% 17.7%
2003 -4.47% 6.71%
2002 -1.38% 7.89%
2001 -2.01% 4.48%
2000 -0.79% 4.62%
1999 -1.88% -4.35%
1998 -2.76% -7%
1997 -2.38% -9.4%
1996 -3.7% -8.73%
1995 -1.74% -5.78%
1994 -0.57% -11.8%
1993 -2.73% -9.53%
1992 -2.55% -2.74%
1991 -1.59% -2.57%
1990 1.08% 3.23%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08).

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

In 2025, Namibia's government deficit, the difference between spending and revenue, was $974M, equivalent to 6.46% of GDP. This compares to Qatar's deficit of $2.16B, or 1% of GDP.

Over the past 36 years, Namibia recorded a fiscal deficit in 32 of those years, while Qatar ran a deficit in 13 years. On average, Namibia posted an annual deficit equal to 3.17% of GDP, compared to surplus of 2.92% of GDP for Qatar.

Inflation comparison by year

Inflation
Namibia

Qatar
1x
Year Consumer prices inflation
Namibia Qatar
2025 3.5% 0.6%
2024 4.2% 1.2%
2023 5.9% 3.1%
2022 6.1% 5%
2021 3.6% 2.3%
2020 2.2% -2.5%
2019 3.7% -0.9%
2018 4.3% 0.1%
2017 6.1% 0.6%
2016 6.7% 2.7%
2015 3.4% 0.9%
2014 5.3% 4.2%
2013 5.6% 3.1%
2012 6.7% 1.8%
2011 5% 2%
2010 4.9% -2.4%
2009 9.5% -4.9%
2008 9.1% 15.1%
2007 6.5% 13.7%
2006 5% 11.7%
2005 2.3% 9%
2004 4.1% 6.8%
2003 7.2% 2.3%
2002 12.7% 0.2%
2001 10.2% 1.7%
2000 10.2% 1.6%
1999 9.4% 2.2%
1998 6.6% 2.9%
1997 9.7% 2.7%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2025, retrieved 2026-07-08).

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

Over the past 29 years, Namibia has recorded an average annual inflation rate of 6.2%, compared with 2.99% in Qatar. In 2025, inflation was 3.5% in Namibia and 0.6% in Qatar.

Top exports between countries

Namibia
Export category Export value
Raw agricultural goods $94K
Wood & paper products $59K
Machinery & equipment $42K
Metals $34K
Precious metals & jewellery $10K
Raw materials & minerals $2K
Processed food, beverages & tobacco $1K
Textiles & consumer goods $1K
Qatar
Export category Export value
Raw materials & minerals $6.89M
Chemicals & pharma $270K

Balance of trade

Namibia Qatar
Current account balance
-$1.83B
2024
$31.9B
2025
Current account balance ranking
138/190
2024
17/190
2025
Current account balance, % of GDP
-13.4%
2024
+14.8%
2025
Goods imports
$6.77B
2024
$34.3B
2025
Goods exports
$4.67B
2024
$90B
2025
Service imports
$2.47B
2024
$31.3B
2025
Service exports
$1.29B
2024
$24.4B
2025
Imports of goods and services, % of GDP
63.9%
2025
31.6%
2022
Exports of goods and services, % of GDP
44.7%
2025
68.6%
2022

Economic freedom indices

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

Namibia Qatar
Economic freedom 60.2 70.2
Economic freedom ranking 95/197 37/197
Property rights 63.1 66.2
Government integrity 51.5 53.5
Judicial effectiveness 67.2 41.5
Tax burden 66.4 99.9
Government spending 57.1 79.9
Fiscal health 60.5 96.6
Business freedom 58 68
Labor freedom 62.7 58.5
Monetary freedom 76.1 76
Trade freedom 69.8 81.8
Investment freedom 50 60
Financial freedom 40 60

Economic freedom comparison by year

Namibia
Qatar
1x
Year Economic freedom index
Namibia Qatar
2026 60.2 70.2
2025 58.7 70.2
2024 57.5 68.8
2023 57.7 68.6
2022 59.2 67.7
2021 62.6 72
2020 60.9 72.3
2019 58.7 72.6
2018 58.5 72.6
2017 62.5 73.1
2016 61.9 70.7
2015 59.6 70.8
2014 59.4 71.2
2013 60.3 71.3
2012 61.9 71.3
2011 62.7 70.5
2010 62.2 69
2009 62.4 65.8
2008 61.4 62.2
2007 63.5 62.9
2006 60.7 62.4
2005 61.4 63.5
2004 62.4 66.5
2003 67.3 65.9
2002 65.1 61.9
2001 64.8 60
2000 66.7 62
1999 66.1 62
1998 66.1 -
1997 61.6 -

Data sources: The Heritage Foundation | Economic Freedom Index (1997–2026, retrieved 2026-07-08).

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

The Economic Freedom Index for Namibia is 60.2, ranking 95/197, compared to 70.2 for Qatar, ranking 37/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Namibia Qatar
Services, % of GDP
55%
2025
47%
2025
Industry, % of GDP
28.9%
2025
57%
2025
Agriculture, forestry, and fishing, % of GDP
6.99%
2025
0.31%
2025
GNI, Atlas method
$13.4B
2025
$221B
2025
GNI per capita, PPP
$11,260
2025
$126,290
2025
Total reserves including gold
$3.1B
2025
$55.8B
2025
Total reserves ranking
119/177
2025
45/177
2025
Net foreign direct investment
-$1.89B
2024
$311M
2025
Net inflows of foreign direct investment
$1.93B
2024
$460M
2024
Net outflows of foreign direct investment
$44.4M
2024
$1.56B
2024
Poverty at national poverty lines
17.4%
2015
n/a
Gross capital formation, % of GDP
18.7%
2025
30.6%
2022

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2025, retrieved 2026-07-08); U.S. Census Bureau (1985–2025, retrieved 2026-07-08).

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

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Data sources:

  1. World Bank | Economy & Growth (1970–2025, retrieved 2026-07-08)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08)
  3. The Heritage Foundation | Economic Freedom Index (1997–2026, retrieved 2026-07-08)
  4. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
  5. TradeMap (2021–2025, retrieved 2026-07-08)
  6. International Monetary Fund (IMF) | Public Finances in Modern History (1990–1992, retrieved 2026-07-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  8. LivingCost (2026, retrieved 2026-07-08)

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.

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.