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Economy of Namibia vs Russia compared: GDP & Debt

Updated on by Georank

Namibia has a GDP of $15.1B compared to $2.56T for Russia, ranking 146/197 and 8/197 by economy size, respectively.

Namibia has $10.6B in government debt (70.2% of GDP), compared to $440B (17.2% of GDP) in Russia.

Namibia vs Russia GDP by year

Namibia
Russia
1x
Year GDP, current $
Namibia Russia
2025 $15,080,340,654 $2,561,310,169,359
2024 $13,641,190,683 $2,186,462,268,813
2023 $12,522,012,874 $2,046,284,838,151
2022 $12,569,449,123 $2,292,495,097,681
2021 $12,402,486,184 $1,829,186,719,575
2020 $10,583,748,542 $1,493,075,894,362
2019 $12,541,928,303 $1,693,115,002,708
2018 $13,682,019,076 $1,657,328,773,461
2017 $12,895,153,371 $1,574,199,360,089
2016 $10,722,018,732 $1,276,786,350,881
2015 $11,335,161,084 $1,363,482,182,198
2014 $12,435,430,970 $2,059,241,589,895
2013 $12,043,307,277 $2,292,470,078,346
2012 $13,042,053,592 $2,208,293,553,878
2011 $12,523,359,441 $2,045,922,753,398
2010 $11,431,412,421 $1,524,916,715,224
2009 $8,938,847,189 $1,222,645,900,056
2008 $8,607,431,497 $1,660,848,058,303
2007 $8,839,536,476 $1,299,703,478,482
2006 $8,001,779,551 $989,932,071,353
2005 $7,248,374,838 $764,015,973,481
2004 $6,609,205,995 $591,016,690,732
2003 $4,926,439,384 $430,347,420,185
2002 $3,349,169,826 $345,470,494,418
2001 $3,557,341,215 $306,602,070,621
2000 $3,922,232,165 $259,710,142,197
1999 $3,868,551,730 $195,907,128,351
1998 $3,873,109,866 $270,955,486,862
1997 $4,154,989,950 $404,928,954,192
1996 $3,989,163,197 $391,724,890,744
1995 $3,978,514,206 $395,537,185,735
1994 $3,666,503,530 $395,077,301,248
1993 $3,251,188,833 $435,083,713,851
1992 $3,429,521,699 $460,290,556,901
1991 $2,996,869,281 $517,962,962,963
1990 $2,789,921,854 $517,014,446,228
1989 $2,535,135,798 $506,631,299,735
1988 $2,495,094,746 $554,828,660,436
1987 $2,300,068,217 -
1986 $1,809,048,527 -
1985 $1,608,237,350 -
1984 $1,951,260,038 -
1983 $2,297,400,688 -
1982 $2,118,710,248 -
1981 $2,249,908,578 -
1980 $2,421,990,338 -

Data sources: World Bank | Economy & Growth (1980–2025, retrieved 2026-07-08).

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

GDP per capita in Namibia vs Russia by year

Namibia
GDP per capita

GDP per capita, PPP
Russia
GDP per capita

GDP per capita, PPP
1x
Year Current $
Namibia Russia
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $4,876 - $17,847 -
2024 $4,502 $11,687 $15,219 $47,362
2023 $4,226 $11,251 $14,227 $44,269
2022 $4,350 $10,663 $15,894 $40,939
2021 $4,413 $9,709 $12,637 $38,638
2020 $3,879 $9,354 $10,280 $31,491
2019 $4,732 $9,609 $11,640 $30,964
2018 $5,309 $9,854 $11,399 $28,629
2017 $5,144 $9,888 $10,835 $25,778
2016 $4,396 $10,200 $8,804 $24,012
2015 $4,774 $10,466 $9,427 $23,994
2014 $5,378 $10,365 $14,277 $25,688
2013 $5,347 $9,699 $15,941 $26,020
2012 $5,943 $9,364 $15,402 $24,274
2011 $5,835 $9,002 $14,305 $22,790
2010 $5,418 $8,538 $10,675 $20,490
2009 $4,303 $8,079 $8,563 $19,390
2008 $4,205 $8,125 $11,635 $20,164
2007 $4,379 $7,875 $9,101 $16,648
2006 $4,017 $7,374 $6,920 $14,912
2005 $3,686 $6,767 $5,323 $11,822
2004 $3,403 $6,480 $4,102 $10,227
2003 $2,569 $5,693 $2,975 $9,255
2002 $1,772 $5,433 $2,378 $8,037
2001 $1,916 $5,196 $2,100 $7,361
2000 $2,157 $5,129 $1,772 $6,825
1999 $2,178 $4,961 $1,331 $5,914
1998 $2,235 $4,852 $1,835 $5,465
1997 $2,460 $4,764 $2,738 $5,700
1996 $2,423 $4,612 $2,644 $5,518
1995 $2,483 $4,509 $2,666 $5,613
1994 $2,356 $4,376 $2,662 $5,734
1993 $2,155 $4,345 $2,931 $6,420
1992 $2,347 $4,452 $3,099 $6,862
1991 $2,117 $4,192 $3,490 $7,858
1990 $2,037 $3,875 $3,494 $8,028
1989 $1,967 - $3,430 -
1988 $2,063 - $3,778 -
1987 $1,969 - - -
1986 $1,599 - - -
1985 $1,466 - - -
1984 $1,830 - - -
1983 $2,214 - - -
1982 $2,097 - - -
1981 $2,267 - - -
1980 $2,468 - - -

Data sources: World Bank | Economy & Growth (1980–2025, retrieved 2026-07-08).

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

Namibia's GDP per capita is $4,876, ranking 125/197, compared to $17,847 in Russia, ranking 68/197. Adjusted for purchasing power (GDP per capita PPP), Namibia ranks 128th at $11,687, while Russia ranks 50th at $47,362.

Economic indicators

Namibia Russia
Gross domestic product
$15.1B
2025
$2.56T
2025
GDP rank
146/197
2025
8/197
2025
GDP growth
1.73%
2024-2025
1%
2024-2025
GDP per capita
$4,876
2025
$17,847
2025
GDP per capita rank
125/197
2025
68/197
2025
GDP per capita, PPP
$11,687
2024
$47,362
2024
GDP per capita PPP rank
128/197
2024
50/197
2024
Government debt
$10.6B
2025
$440B
2025
Debt-to-GDP ratio
70.2%
2025
17.2%
2025
Government debt per person
$3,425
2025
$3,068
2025
Government debt per person rank
97/185
2025
105/185
2025
Average annual personal income after taxes
$3,433
2026
$11,183
2026
Market capitalization of domestic companies
$2.48B
2024
$650B
2023
Number of millionaires n/a
447,000
2026
Number of billionaires n/a
147
2026
Income share by richest 10%
47.2%
2015
25.1%
2023
Income share by poorest 10%
1%
2015
3.1%
2023
Government expenditure, % of GDP
39.4%
2025
39.1%
2025
Consumer prices inflation
3.5%
2024-2025
8.7%
2024-2025
Central bank interest rate
6.5%
2025
14.5%
2026
Unemployment rate
19.9%
2018
2.13%
2025
Population
3185686
142643173

Spending and national debt comparison by year

Namibia
Spending

Debt
Russia
Spending

Debt
1x
Year % of GDP
Namibia Russia
Government spending Government debt Government spending Government debt
2025 39.4% 70.2% 39.1% 17.2%
2024 39.6% 69.8% 36.7% 14.8%
2023 37% 67.9% 36.1% 15.2%
2022 36.6% 70.1% 35.1% 15.1%
2021 39.3% 69.6% 34.9% 16.5%
2020 41.5% 64.3% 39.2% 19.2%
2019 37.4% 57.6% 33.8% 13.7%
2018 36.3% 48.7% 32.6% 13.6%
2017 38.1% 43.8% 34.8% 14.3%
2016 41.8% 45.8% 36.6% 14.8%
2015 43.7% 42.1% 35.3% 15.3%
2014 41.8% 27.6% 34.9% 15.1%
2013 38.3% 26.1% 34.7% 12.3%
2012 35% 24.6% 34% 11.2%
2011 38.5% 27.4% 33.3% 10.3%
2010 33.5% 16.3% 35.5% 10.1%
2009 32% 15.9% 38.6% 9.92%
2008 28.4% 19.1% 32% 7.45%
2007 26.1% 19.4% 31.9% 8.03%
2006 27.4% 26.1% 29% 9.8%
2005 27.7% 26.9% 29.5% 14.9%
2004 28.4% 29.2% 29.6% 20.8%
2003 31.1% 27.1% 32.6% 28.3%
2002 29.8% 22.2% 33.8% 37.6%
2001 30.7% 24.4% 31.5% 44.4%
2000 30.1% 20.9% 30.7% 55.9%
1999 31.8% 21.8% 34.3% 92.4%
1998 31.3% 19.6% 39.7% 135.2%
1997 30.9% 17.7% - 51.5%
1996 30.4% 18.7% - 51.9%
1995 29.6% 18% - 53.7%
1994 28.7% 16.4% - 63.5%
1993 32.4% 17.2% - 92.4%
1992 32.8% 14.1% - 116%
1991 33% 11.8% - -
1990 30.2% 12.9% - -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1990–1996, retrieved 2026-07-08).

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

In 2025, Namibia's government spending was $5.94B, accounting for 39.4% of its GDP, while Russia spent $1T, or 39.1% of GDP.

Debt-to-GDP ratio is 70.2% in Namibia and 17.2% in Russia, ranking 57/185 and 175/185, respectively.

Government deficit by year

Deficit/surplus
Namibia

Russia
1x
Year Deficit/surplus, % of GDP
Namibia Russia
2025 -6.46% -3.9%
2024 -3.84% -1.59%
2023 -3.14% -2.24%
2022 -6.33% -1.34%
2021 -8.68% 0.78%
2020 -8.07% -3.99%
2019 -5.49% 1.93%
2018 -5.09% 2.92%
2017 -4.99% -1.47%
2016 -9.3% -3.67%
2015 -8.3% -3.39%
2014 -6.44% -1.07%
2013 -4.69% -1.16%
2012 -3.1% 0.38%
2011 -7.09% 1.43%
2010 -4.98% -3.19%
2009 -0.4% -5.89%
2008 3.48% 4.55%
2007 6.01% 5.59%
2006 3.41% 7.8%
2005 -0.31% 7.6%
2004 -2.67% 4.57%
2003 -4.47% 1.35%
2002 -1.38% 0.67%
2001 -2.01% 2.99%
2000 -0.79% 3.11%
1999 -1.88% -3.59%
1998 -2.76% -7.42%
1997 -2.38% -
1996 -3.7% -
1995 -1.74% -
1994 -0.57% -
1993 -2.73% -
1992 -2.55% -
1991 -1.59% -
1990 1.08% -
1989 - -
1988 - -
1987 - -
1986 - -
1985 - -
1984 - -
1983 - -
1982 - -
1981 - -
1980 - -
1979 - -
1978 - -
1977 - -
1976 - -
1975 - -
1974 - -
1973 - -
1972 - -
1971 - -
1970 - -
1969 - -
1968 - -
1967 - -
1966 - -
1965 - -
1964 - -
1963 - -
1962 - -
1961 - -
1960 - -
1959 - -
1958 - -
1957 - -
1956 - -
1955 - -
1954 - -
1953 - -
1952 - -
1951 - -
1950 - -
1949 - -
1948 - -
1947 - -
1946 - -
1945 - -
1944 - -
1943 - -
1942 - -
1941 - -
1940 - 0.15%
1939 - 0.12%
1938 - 0.16%
1937 - 0.12%
1936 - 0.1%
1935 - 0.07%
1934 - 0.25%
1933 - 0.58%
1932 - 0.06%
1931 - -1.12%
1930 - -1.62%
1929 - -0.4%
1928 - -0.4%
1927 - -
1926 - -
1925 - -
1924 - -
1923 - -
1922 - -
1921 - -
1920 - -
1919 - -
1918 - -
1917 - -
1916 - -
1915 - -
1914 - -
1913 - -
1912 - 0.69%
1911 - 1.26%
1910 - 1.52%
1909 - -0.15%
1908 - -0.83%
1907 - -0.86%
1906 - -3.19%
1905 - -7.72%
1904 - -5.13%
1903 - 1.04%
1902 - -1.57%
1901 - 0.14%
1900 - -0.36%
1899 - 0.66%
1898 - 0.03%
1897 - 0.34%
1896 - 1.3%
1895 - 0.7%
1894 - 1.43%
1893 - 0.63%
1892 - -1.16%
1891 - -0.97%
1890 - 0.01%
1889 - 1.34%
1888 - 0.88%
1887 - 0.14%
1886 - -0.84%
1885 - -0.75%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1885–1940, retrieved 2026-07-08).

GeoRank.org/economy/namibia/russia | 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 Russia's deficit of $100B, or 3.9% of GDP.

Over the past 28 years, Namibia recorded a fiscal deficit in 25 of those years, while Russia ran a deficit in 14 years. On average, Namibia posted an annual deficit equal to 3.56% of GDP, compared to surplus of 0.06% of GDP for Russia.

Inflation comparison by year

Inflation
Namibia

Russia
1x
Year Consumer prices inflation
Namibia Russia
2025 3.5% 8.7%
2024 4.2% 8.4%
2023 5.9% 5.9%
2022 6.1% 13.7%
2021 3.6% 6.7%
2020 2.2% 3.4%
2019 3.7% 4.5%
2018 4.3% 2.9%
2017 6.1% 3.7%
2016 6.7% 7%
2015 3.4% 15.5%
2014 5.3% 7.8%
2013 5.6% 6.8%
2012 6.7% 5.1%
2011 5% 8.4%
2010 4.9% 6.8%
2009 9.5% 11.6%
2008 9.1% 14.1%
2007 6.5% 9%
2006 5% 9.7%
2005 2.3% 12.7%
2004 4.1% 10.9%
2003 7.2% 13.7%
2002 12.7% 15.8%
2001 10.2% 21.5%
2000 10.2% 20.8%
1999 9.4% 85.7%
1998 6.6% 27.7%
1997 9.7% 14.8%

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

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

Over the past 29 years, Namibia has recorded an average annual inflation rate of 6.2%, compared with 13.2% in Russia. In 2025, inflation was 3.5% in Namibia and 8.7% in Russia.

Top exports between countries

Namibia
Export category Export value
Animal & marine products $2.7M
Raw agricultural goods $1.05M
Wood & paper products $440K
Processed food, beverages & tobacco $378K
Precious metals & jewellery $49K
Machinery & equipment $44K
Miscellaneous $42K
Raw materials & minerals $40K
Textiles & consumer goods $20K
Chemicals & pharma $6K
Russia
Export category Export value
Raw agricultural goods $8.25M
Raw materials & minerals $4.98M
Wood & paper products $1.35M
Business & finance services $745K
IT & IP services $367K
Machinery & equipment $345K
Chemicals & pharma $75K
Processed food, beverages & tobacco $74K
Textiles & consumer goods $68K
Transport & tourism services $19K

Balance of trade

Namibia Russia
Current account balance
-$1.83B
2024
$43.1B
2025
Current account balance ranking
138/190
2024
14/190
2025
Current account balance, % of GDP
-13.4%
2024
+1.68%
2025
Goods imports
$6.77B
2024
$305B
2025
Goods exports
$4.67B
2024
$422B
2025
Service imports
$2.47B
2024
$94.8B
2025
Service exports
$1.29B
2024
$46.3B
2025
Imports of goods and services, % of GDP
63.9%
2025
15.5%
2025
Exports of goods and services, % of GDP
44.7%
2025
18.2%
2025

Economic freedom indices

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

Namibia Russia
Economic freedom 60.2 50.3
Economic freedom ranking 95/197 161/197
Property rights 63.1 18.6
Government integrity 51.5 22.8
Judicial effectiveness 67.2 22.8
Tax burden 66.4 81.9
Government spending 57.1 61.3
Fiscal health 60.5 94.4
Business freedom 58 51.4
Labor freedom 62.7 59.1
Monetary freedom 76.1 61.8
Trade freedom 69.8 69.4
Investment freedom 50 30
Financial freedom 40 30

Economic freedom comparison by year

Namibia
Russia
1x
Year Economic freedom index
Namibia Russia
2026 60.2 50.3
2025 58.7 51.6
2024 57.5 52
2023 57.7 53.8
2022 59.2 56.1
2021 62.6 61.5
2020 60.9 61
2019 58.7 58.9
2018 58.5 58.2
2017 62.5 57.1
2016 61.9 50.6
2015 59.6 52.1
2014 59.4 51.9
2013 60.3 51.1
2012 61.9 50.5
2011 62.7 50.5
2010 62.2 50.3
2009 62.4 50.8
2008 61.4 49.8
2007 63.5 52.2
2006 60.7 52.4
2005 61.4 51.3
2004 62.4 52.8
2003 67.3 50.8
2002 65.1 48.7
2001 64.8 49.8
2000 66.7 51.8
1999 66.1 54.5
1998 66.1 52.8
1997 61.6 48.6
1996 - 51.6
1995 - 51.1

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08).

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

The Economic Freedom Index for Namibia is 60.2, ranking 95/197, compared to 50.3 for Russia, ranking 161/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Namibia Russia
Services, % of GDP
55%
2025
58.9%
2025
Industry, % of GDP
28.9%
2025
29.7%
2025
Agriculture, forestry, and fishing, % of GDP
6.99%
2025
3.06%
2025
GNI, Atlas method
$13.4B
2025
$2.33T
2025
GNI per capita, PPP
$11,260
2025
$49,220
2025
Total reserves including gold
$3.1B
2025
$608B
2024
Total reserves ranking
119/177
2025
6/177
2024
Net foreign direct investment
-$1.89B
2024
-$12.4B
2025
Net inflows of foreign direct investment
$1.93B
2024
-$9.35B
2024
Net outflows of foreign direct investment
$44.4M
2024
-$170M
2024
Servicing debt to the IMF, % of GNI n/a
2.63%
2024
Poverty at national poverty lines
17.4%
2015
7.2%
2024
Gross capital formation, % of GDP
18.7%
2025
25.9%
2025

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/russia | CC BY

Compare countries by 7 more topics

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Data sources:

  1. World Bank | Economy & Growth (1980–2025, retrieved 2026-07-08)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08)
  3. International Monetary Fund (IMF) | Public Finances in Modern History (1885–1996, retrieved 2026-07-08)
  4. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08)
  5. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
  6. TradeMap (2020–2025, 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.

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.