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Economy of Namibia vs Suriname compared: GDP & Debt

Updated on by Georank team

Namibia has a GDP of $13.4B compared to $4.71B for Suriname, ranking 147/197 and 164/197 by economy size, respectively.

Namibia has $9.05B in government debt (63.9% of GDP), compared to $4.11B (86.6% of GDP) in Suriname.

The chart below compares the two countries' GDP growth in both current (nominal) and constant dollars, accounting for inflation over time.

Namibia
GDP, current $

GDP, constant 2015 $
Suriname
GDP, current $

GDP, constant 2015 $
Year GDP
Namibia Suriname
Current $ Constant $ Current $ Constant $
1960 - - $99,650,000 $1,039,858,389
1961 - - $107,700,000 $1,089,771,592
1962 - - $116,150,000 $1,132,272,684
1963 - - $125,950,000 $1,195,679,954
1964 - - $134,400,000 $1,273,399,151
1965 - - $154,150,000 $1,426,207,049
1966 - - $190,350,000 $1,700,038,803
1967 - - $220,700,000 $1,905,743,498
1968 - - $241,350,000 $2,050,580,004
1969 - - $259,650,000 $2,142,856,104
1970 - - $274,900,000 $2,200,713,219
1971 - - $301,000,000 $2,286,541,034
1972 - - $311,950,000 $2,272,821,788
1973 - - $339,450,000 $2,231,910,996
1974 - - $409,850,000 $2,240,838,640
1975 - - $465,500,000 $2,303,582,122
1976 - - $505,500,000 $2,506,297,349
1977 - - $641,500,000 $2,761,939,678
1978 - - $735,500,000 $2,944,227,697
1979 - - $782,500,000 $2,926,562,331
1980 $2,421,990,338 $3,477,739,161 $795,000,000 $2,669,024,846
1981 $2,249,908,578 $3,511,523,641 $889,000,000 $2,858,525,610
1982 $2,118,710,248 $3,497,544,590 $915,000,000 $2,738,467,534
1983 $2,297,400,688 $3,433,768,600 $883,500,000 $2,631,667,300
1984 $1,951,260,038 $3,425,634,294 $864,000,000 $2,581,665,621
1985 $1,608,237,350 $3,441,535,104 $873,000,000 $2,633,298,934
1986 $1,809,048,527 $3,605,602,363 $891,000,000 $2,654,365,325
1987 $2,300,068,217 $3,733,737,147 $980,000,000 $2,489,794,675
1988 $2,495,094,746 $3,764,097,991 $1,161,000,000 $2,683,998,660
1989 $2,535,135,798 $3,834,060,338 $542,600,000 $2,796,726,603
1990 $2,789,921,854 $3,912,561,187 $388,400,000 $2,670,873,906
1991 $2,996,869,281 $4,232,045,773 $448,100,000 $2,742,987,479
1992 $3,429,521,699 $4,536,302,039 $404,600,000 $2,753,959,429
1993 $3,251,188,833 $4,464,649,372 $428,764,706 $2,569,444,198
1994 $3,666,503,530 $4,541,882,426 $605,492,537 $2,656,805,273
1995 $3,978,514,206 $4,718,971,067 $691,590,498 $2,656,805,273
1996 $3,989,163,197 $4,869,568,738 $861,372,806 $2,683,373,358
1997 $4,154,989,950 $5,075,069,423 $926,422,500 $2,836,325,577
1998 $3,873,109,866 $5,242,119,678 $1,110,850,000 $2,901,561,112
1999 $3,868,551,730 $5,418,741,286 $886,290,698 $2,860,939,243
2000 $3,922,232,165 $5,607,973,667 $947,671,970 $2,921,018,935
2001 $3,557,341,215 $5,674,032,720 $834,279,358 $3,043,701,742
2002 $3,349,169,826 $5,945,742,924 $1,093,574,468 $3,128,925,412
2003 $4,926,439,384 $6,197,830,194 $1,274,190,311 $3,326,047,695
2004 $6,609,205,995 $6,958,275,951 $1,484,092,538 $3,608,761,755
2005 $7,248,374,838 $7,134,269,026 $1,793,410,397 $3,771,156,042
2006 $8,001,779,551 $7,638,888,382 $2,626,380,435 $3,989,639,611
2007 $8,839,536,476 $8,049,405,616 $2,936,612,022 $4,193,569,552
2008 $8,607,431,497 $8,262,699,735 $3,532,969,035 $4,367,326,198
2009 $8,938,847,189 $8,287,154,923 $3,875,409,836 $4,498,944,264
2010 $11,431,412,421 $8,787,636,884 $4,368,370,998 $4,731,486,826
2011 $12,523,359,441 $9,235,045,192 $4,422,276,622 $5,008,248,887
2012 $13,042,053,592 $9,702,493,818 $4,980,000,000 $5,142,988,298
2013 $12,043,307,277 $10,247,261,643 $5,145,757,576 $5,293,854,859
2014 $12,435,430,970 $10,871,578,022 $5,240,606,061 $5,307,380,819
2015 $11,335,161,084 $11,335,161,084 $5,126,237,646 $5,126,237,646
2016 $10,722,018,732 $11,338,991,739 $3,317,421,648 $4,874,454,256
2017 $12,895,153,371 $11,222,512,163 $3,591,679,431 $4,950,790,054
2018 $13,682,019,076 $11,341,464,002 $3,996,198,867 $5,195,768,566
2019 $12,541,928,303 $11,246,291,862 $4,016,040,575 $5,256,433,829
2020 $10,583,748,542 $10,335,184,546 $2,911,807,496 $4,416,708,447
2021 $12,402,486,184 $10,707,646,944 $3,107,923,198 $4,309,144,555
2022 $12,569,449,123 $11,285,723,331 $3,791,603,200 $4,412,832,155
2023 $12,408,271,448 $11,787,126,129 $3,455,146,281 $4,524,898,973
2024 $13,372,354,269 $12,224,610,616 $4,714,267,822 $4,653,387,372

Economic indicators

Namibia Suriname
Gross domestic product
$13.4B
2024
$4.71B
2024
GDP rank
147/197
2024
164/197
2024
GDP growth
7.77%
2023-2024
36.4%
2023-2024
GDP per capita
$4,413
2024
$7,431
2024
GDP per capita rank
126/197
2024
101/197
2024
GDP per capita, PPP
$11,687
2024
$22,067
2024
Government debt
$9.05B
2024
$4.11B
2024
Debt-to-GDP ratio
63.9%
2025
86.6%
2025
Government debt per person
$2,988
2024
$6,481
2024
Government debt per person rank
100/185
2024
71/185
2024
Average annual personal income after taxes
$7,325
2025
$3,252
2025
Market capitalization of domestic companies
$2.48B
2024
n/a
Income share by richest 10%
47.2%
2015
30.1%
2022
Income share by poorest 10%
1%
2015
2.2%
2022
Government expenditure, % of GDP
39.3%
2025
29.2%
2025
Consumer prices inflation
3.7%
2024-2025
16.2%
2023-2024
Central bank interest rate
6.75%
2025
10%
2013
Unemployment rate
19.9%
2018
7.92%
2016
Population
3141364
644193

GDP per capita in Namibia vs Suriname

Namibia's GDP per capita is $4,413, ranking 126/197, compared to $7,431 in Suriname, ranking 101/197. Adjusted for purchasing power (GDP per capita PPP), Namibia ranks 126th at $11,687, while Suriname ranks 87th at $22,067.

Namibia
GDP per capita

GDP per capita, PPP
Suriname
GDP per capita

GDP per capita, PPP
Year Current $
Namibia Suriname
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
1960 - - $378 -
1961 - - $395 -
1962 - - $409 -
1963 - - $424 -
1964 - - $435 -
1965 - - $482 -
1966 - - $575 -
1967 - - $644 -
1968 - - $681 -
1969 - - $708 -
1970 - - $724 -
1971 - - $768 -
1972 - - $785 -
1973 - - $858 -
1974 - - $1,041 -
1975 - - $1,190 -
1976 - - $1,302 -
1977 - - $1,666 -
1978 - - $1,928 -
1979 - - $2,072 -
1980 $2,468 - $2,118 -
1981 $2,267 - $2,368 -
1982 $2,097 - $2,430 -
1983 $2,214 - $2,333 -
1984 $1,830 - $2,261 -
1985 $1,466 - $2,256 -
1986 $1,599 - $2,271 -
1987 $1,969 - $2,469 -
1988 $2,063 - $2,886 -
1989 $1,967 - $1,329 -
1990 $2,037 $3,875 $942 $6,493
1991 $2,117 $4,192 $1,080 $6,852
1992 $2,347 $4,452 $969 $6,992
1993 $2,155 $4,345 $1,022 $6,650
1994 $2,356 $4,376 $1,434 $6,973
1995 $2,483 $4,509 $1,610 $7,000
1996 $2,423 $4,612 $1,963 $7,048
1997 $2,460 $4,764 $2,068 $7,422
1998 $2,235 $4,852 $2,429 $7,521
1999 $2,178 $4,961 $1,898 $7,367
2000 $2,157 $5,129 $1,988 $7,535
2001 $1,916 $5,196 $1,715 $7,865
2002 $1,772 $5,433 $2,202 $8,046
2003 $2,569 $5,693 $2,516 $8,552
2004 $3,403 $6,480 $2,888 $9,389
2005 $3,686 $6,767 $3,453 $10,014
2006 $4,017 $7,374 $5,003 $10,803
2007 $4,379 $7,875 $5,530 $11,530
2008 $4,205 $8,125 $6,576 $12,097
2009 $4,303 $8,079 $7,130 $12,393
2010 $5,418 $8,538 $7,944 $13,039
2011 $5,835 $9,002 $7,950 $13,926
2012 $5,943 $9,364 $8,851 $15,185
2013 $5,347 $9,699 $9,043 $16,173
2014 $5,378 $10,365 $9,108 $16,598
2015 $4,774 $10,466 $8,814 $16,544
2016 $4,396 $10,200 $5,644 $14,475
2017 $5,144 $9,888 $6,050 $17,568
2018 $5,309 $9,854 $6,666 $17,855
2019 $4,732 $9,609 $6,630 $19,772
2020 $3,879 $9,354 $4,755 $16,947
2021 $4,413 $9,709 $5,030 $18,458
2022 $4,350 $10,663 $6,084 $20,079
2023 $4,188 $11,251 $5,494 $21,136
2024 $4,413 $11,687 $7,431 $22,067

Spending and national debt comparison

In 2024, Namibia's government spending was $5.34B, accounting for 39.3% of its GDP, while Suriname's spent $1.38B, or 29.2% of GDP.

Debt-to-GDP ratio is 63.9% in Namibia and 86.6% in Suriname, ranking 70/185 and 37/185, respectively.

Namibia
Government spending

Government debt
Suriname
Government spending

Government debt
Year % of GDP
Namibia Suriname
Government spending Government debt Government spending Government debt
1990 30.2% 12.9% 22.7% 72.9%
1991 33% 11.8% 26.6% 75.7%
1992 32.8% 14.1% 24.4% 64.4%
1993 32.4% 17.2% 21.2% 51.1%
1994 28.7% 16.4% 19.8% 30.5%
1995 29.6% 18% 20.2% 16.3%
1996 30.4% 18.7% 21.4% 11.8%
1997 30.9% 17.7% 21.1% 16.8%
1998 31.3% 19.6% 30.3% 21.6%
1999 31.8% 21.8% 19.6% 32.3%
2000 30.1% 20.9% 24.4% 48.4%
2001 30.7% 24.4% 21.8% 37.2%
2002 29.8% 22.2% 22.2% 37.4%
2003 31.1% 27.1% 19.2% 31.5%
2004 28.4% 29.2% 20.8% 29.4%
2005 27.7% 26.9% 22.2% 27.1%
2006 27.4% 26.1% 22.2% 22.5%
2007 26.1% 19.4% 22.6% 16.4%
2008 28.4% 19.1% 20.5% 14.8%
2009 32% 15.9% 24% 14.6%
2010 33.5% 16.3% 21% 17.3%
2011 38.5% 27.4% 21% 18.7%
2012 35% 24.6% 26.7% 20.1%
2013 38.3% 26.1% 26.9% 27.9%
2014 41.8% 27.6% 27.2% 25.2%
2015 43.7% 42.1% 29.1% 41.2%
2016 41.8% 45.8% 27.1% 75.4%
2017 38.1% 43.8% 27.2% 73%
2018 36.3% 48.7% 26.2% 68.6%
2019 37.4% 57.6% 40.5% 84%
2020 41.5% 64.3% 30.2% 146.4%
2021 39.3% 69.6% 32.1% 115.8%
2022 36.6% 69.4% 29.5% 116.9%
2023 37% 67.2% 29% 98.2%
2024 39.9% 67.7% 29.2% 87.2%
2025 39.3% 63.9% 29.2% 86.6%

Government deficit by year

In 2024, Namibia's government deficit, the difference between spending and revenue, was -$480M, equivalent to -3.59% of GDP. This compares to Suriname's deficit of -$115M, or -2.43% of GDP.

Over the past 35 years, Namibia recorded a fiscal deficit in 31 of those years, while Suriname ran a deficit in 27 years. On average, Namibia posted an annual deficit equal to -3.06% of GDP, compared to deficit of -3.34% of GDP for Suriname.

Deficit/surplus
Namibia

Suriname
Year Deficit/surplus, % of GDP
Namibia Suriname
1990 1.08% -3.04%
1991 -1.59% -9.8%
1992 -2.55% -6.45%
1993 -2.73% -4.68%
1994 -0.57% -1.89%
1995 -1.74% 1.17%
1996 -3.7% 3.42%
1997 -2.38% -0.32%
1998 -2.76% -6.39%
1999 -1.88% -4.92%
2000 -0.79% -7.76%
2001 -2.01% 3.49%
2002 -1.38% -3.3%
2003 -4.47% -0.11%
2004 -2.67% -1.2%
2005 -0.31% -3.39%
2006 3.41% 0.59%
2007 6.01% 5.01%
2008 3.48% 2.39%
2009 -0.4% 2.03%
2010 -4.98% -0.15%
2011 -7.09% 2.32%
2012 -3.1% -1.97%
2013 -4.69% -3.33%
2014 -6.44% -4.69%
2015 -8.3% -7.55%
2016 -9.3% -9.34%
2017 -4.99% -7.08%
2018 -5.09% -5.25%
2019 -5.49% -20.2%
2020 -8.07% -12%
2021 -8.68% -5.69%
2022 -6.33% -2.69%
2023 -3.14% -1.68%
2024 -3.59% -2.43%
2025 -5.24% -1.18%

Inflation comparison by year

Over the past 29 years, Namibia has recorded an average annual inflation rate of 6.38%, compared with 23.9% in Suriname. In 2024, inflation was 3.7% in Namibia and 16.2% in Suriname.

Inflation
Namibia

Suriname
Year Inflation
Namibia Suriname Namibia Suriname
1996 8.7% -0.7%
1997 9.7% 7.15%
1998 6.6% 19%
1999 9.4% 98.8%
2000 10.2% 59.4%
2001 10.2% 38.6%
2002 12.7% 15.5%
2003 7.2% 23%
2004 4.1% 9.99%
2005 2.3% 9.9%
2006 5% 11.3%
2007 6.5% 6.43%
2008 9.1% 14.7%
2009 9.5% -0.13%
2010 4.9% 6.94%
2011 5% 17.7%
2012 6.7% 5.01%
2013 5.6% 1.92%
2014 5.3% 3.38%
2015 3.4% 6.89%
2016 6.7% 55.4%
2017 6.1% 22%
2018 4.3% -
2019 3.7% -
2020 2.2% 34.9%
2021 3.6% 59.1%
2022 6.1% 52.4%
2023 5.9% 51.6%
2024 4.2% 16.2%
2025 3.7% -

Top exports between countries

Namibia
Export category Export value
Metals $42K
Suriname
Export category Export value
Wood & paper products $398K
Processed food, beverages & tobacco $12K

Balance of trade

Namibia Suriname
Current account balance
-$1.92B
2024
$9.31M
2024
Current account balance ranking
140/189
2024
72/189
2024
Current account balance, % of GDP
-14.4%
2024
+0.2%
2024
Goods imports
$6.77B
2024
$1.65B
2024
Goods exports
$4.67B
2024
$2.58B
2024
Service imports
$2.47B
2024
$921M
2024
Service exports
$1.29B
2024
$211M
2024
Imports of goods and services, % of GDP
68%
2024
38.4%
2010
Exports of goods and services, % of GDP
41.6%
2024
52.5%
2010

Economic freedom indices

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

Namibia Suriname
Economic freedom 58.7 50.9
Economic freedom ranking 104/197 161/197
Property rights 65 42.1
Government integrity 51.2 39.7
Judicial effectiveness 67.3 43.1
Tax burden 69.4 69.1
Government spending 57.9 74
Fiscal health 34.2 66.1
Business freedom 61.9 57.6
Labor freedom 62.9 69
Monetary freedom 74.9 44.1
Trade freedom 70 65.4
Investment freedom 50 20
Financial freedom 40 20

Economic freedom by year comparison

The Economic Freedom Index for Namibia is 58.7, ranking 104/197, compared to 50.9 for Suriname, ranking 161/197. The chart below displays a comparison of annual changes in economic freedom indexes.

Namibia
Suriname
Year Economic freedom index
Namibia Suriname
1996 - 36.7
1997 61.6 35.9
1998 66.1 39.9
1999 66.1 40.1
2000 66.7 45.8
2001 64.8 44.3
2002 65.1 48
2003 67.3 46.9
2004 62.4 47.9
2005 61.4 51.9
2006 60.7 55.1
2007 63.5 54.8
2008 61.4 54.3
2009 62.4 54.1
2010 62.2 52.5
2011 62.7 53.1
2012 61.9 52.6
2013 60.3 52
2014 59.4 54.2
2015 59.6 54.2
2016 61.9 53.8
2017 62.5 48
2018 58.5 48.1
2019 58.7 48.1
2020 60.9 49.5
2021 62.6 46.4
2022 59.2 48.1
2023 57.7 46.1
2024 57.5 46.7
2025 58.7 50.9

More economic indicators

Namibia Suriname
Services, % of GDP
54.5%
2024
48.3%
2023
Industry, % of GDP
28.9%
2024
39.9%
2023
Agriculture, forestry, and fishing, % of GDP
7.29%
2024
7.47%
2023
GNI, Atlas method
$12.8B
2024
$3.72B
2024
GNI per capita, PPP
$11,300
2024
$20,350
2024
Total reserves including gold
$3.36B
2024
$1.63B
2024
Total reserves ranking
115/177
2024
132/177
2024
Net foreign direct investment
-$1.92B
2024
$26.5M
2024
Net inflows of foreign direct investment
$1.96B
2024
-$37.6M
2024
Net outflows of foreign direct investment
$46.1M
2024
-$11.1M
2024
Servicing debt to the IMF, % of GNI
n/a
20.6%
2023
Poverty at national poverty lines
17.4%
2015
70%
2020
Gross capital formation, % of GDP
25.6%
2024
36.2%
2010

GDP per capita map

GDP per capita

Compare countries by 7 more topics

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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.