Namibia recorded a Government Budget deficit equal to 3.90 percent of the country's Gross Domestic Product in 2024. Government Budget in Namibia averaged -3.66 percent of GDP from 2004 until 2024, reaching an all time high of 5.10 percent of GDP in 2007 and a record low of -8.40 percent of GDP in 2015. source: Bank of Namibia
Government Budget in Namibia is expected to reach -5.10 percent of GDP by the end of 2025, according to Trading Economics global macro models and analysts expectations. In the long-term, the Namibia Government Budget is projected to trend around -4.80 percent of GDP in 2026 and -4.50 percent of GDP in 2027, according to our econometric models.