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Namibia vs South Africa: Economic Indicators Comparison

South Africa with a GDP of $368.3B ranked the 35th largest economy in the world, while Namibia ranked 127th with $14.5B. By GDP 5-years average growth and GDP per capita, South Africa and Namibia ranked 151st vs 117th and 95th vs 102nd, respectively.

Gross Domestic Product & Income

StatNamibiaSouth Africa
GDP$14.5B$368.3B
GDP growth, 1 year-0.1%0.8%
GDP growth, 5-years average2.4%1.1%
Population2.3M57.7M
GDP per capita$5.9k$6.4k
GDP per capita growth-2.4%-0.57%
Purchasing Power Parity conversion factor7.076.16
Price level ratio of PPP conversion factor GDP to market exchange rate0.530.47
GDP per capita, PPP adjusted$11k$14k
GNI, Atlas method$12.8B$332.3B
GNI per capita$5.2k$5.8k
GNI, PPP adjusted$26.6B$765.8B
GNI per capita, PPP adjusted$11k$13k

Financial system and Human development

StatNamibiaSouth Africa
Income Tax Rate37%45%
Corporate Tax Rate34%28%
Inflation, consumer prices4.3%4.6%
Inflation, GDP deflator7%3.9%
Unemployment23.1%27%
Economic Freedom Index60.958.8
Personal Freedom Index7.156.92
Human Freedom Index6.976.78
Property Rights Index58.958.4
Judical Effectiveness Index58.538
Business Freedom Index65.662
Fiscal Health Index28.764
Labor Freedom Index84.958.8
Investment Freedom Index6545
Financial Freedom Index4050
Trade Freedom Index83.275.8
Monetary Freedom Index75.975.9
Government Spending Index58.167.4
Tax Burden Index65.763.7
Government Integrity Index4646.6
Corruption Perceptions Index5343
Life expectancy at birth, years6363.5
Suicide mortality rate, per 100,000 people8.711.6
Mortality caused by road traffic injury, per 100,000 people30.425.9
Intentional homicides, per 100,000 people17.135.9
International tourism, number of arrivals1.5M10.5M

Government debt & reserves

StatNamibiaSouth Africa
Central government debt, % of GDP47.1%56.7%
External debt stocks, % of GNIN/A50.6%
External debt stocksN/A$179.3B
Short-term debt, % of total reservesN/A70.9%
Total debt service, % of exports and primary incomeN/A19.9%
Adjusted net savings including particulate emission damage, % of GNI4.5%0.6%
Gross savings, % of GDP14%14.9%
Gross capital formation, % of GDP12.6%17.9%
Total reserves including gold$2.1B$51.6B
Foreign direct investment net inflows$199.6M$5.5B

Exports, imports and economic structure

StatNamibiaSouth Africa
Exports of goods and services, % of GDP38.7%29.9%
Imports of goods and services, % of GDP44.9%29.6%
Current account balance (balance of payments)-$354.5M-$13.4B
Revenue excluding grants, % of GDP31.6%30.9%
Grants excluding technical cooperation, BoP$127.9M$817.9M
Personal remittances received$53.7M$929M
Industry including construction value added, % of GDP29.3%25.9%
Agriculture, forestry and fishing value added, % of GDP7.2%2.2%
Charges for the use of intellectual property, payments BoP$1.3M$1.8B
Charges for the use of intellectual property, receipts BoP$1.4M$120.7M
Expense, % of GDP31.1%34.4%
Government Expenditure, % of GDP37.4%33%

Compare with countries close by GDP per capita

Namibia vs

CountryGDP
per capita
Population
Dominica
$7.7k
72k
Saint Vincent
$7.4k
109k
Thailand
$7.3k
65.9M
Serbia
$7.2k
7.02M
Libya
$7.2k
5.66M
Turkmenistan
$7k
5.13M
Peru
$6.9k
30.4M
Colombia
$6.7k
49.1M
Ecuador
$6.3k
15.7M
Belarus
$6.3k
9.49M
Fiji
$6.3k
881k
Suriname
$6.2k
539k
North Macedonia
$6.1k
2.08M
Bosnia and Herzegovina
$6.1k
3.51M
Iraq
$5.8k
33.4M
Paraguay
$5.8k
6.8M
Iran
$5.6k
77.4M
Jamaica
$5.4k
2.89M
Albania
$5.3k
3.02M
Guyana
$5k
800k
Belize
$4.9k
375k
Azerbaijan
$4.7k
10M
Georgia
$4.7k
3.72M
Guatemala
$4.5k
15.5M
Tonga
$4.4k
105k
Jordan
$4.2k
10.4M
Armenia
$4.2k
2.93M
Samoa
$4.2k
190k
Eswatini
$4.1k
1.37M
Mongolia
$4.1k
3.08M

South Africa vs

CountryGDP
per capita
Population
Brazil
$8.9k
208M
Montenegro
$8.8k
622k
Cuba
$8.8k
11.3M
Lebanon
$8.3k
4.47M
Botswana
$8.3k
2.02M
Dominican Republic
$8.1k
10.4M
Gabon
$8k
1.67M
Dominica
$7.7k
72k
Saint Vincent
$7.4k
109k
Thailand
$7.3k
65.9M
Serbia
$7.2k
7.02M
Libya
$7.2k
5.66M
Turkmenistan
$7k
5.13M
Peru
$6.9k
30.4M
Colombia
$6.7k
49.1M
Ecuador
$6.3k
15.7M
Belarus
$6.3k
9.49M
Fiji
$6.3k
881k
Suriname
$6.2k
539k
North Macedonia
$6.1k
2.08M
Bosnia and Herzegovina
$6.1k
3.51M
Iraq
$5.8k
33.4M
Paraguay
$5.8k
6.8M
Iran
$5.6k
77.4M
Jamaica
$5.4k
2.89M
Albania
$5.3k
3.02M
Guyana
$5k
800k
Belize
$4.9k
375k
Azerbaijan
$4.7k
10M
Georgia
$4.7k
3.72M