Government Spending in Namibia decreased to 39311 NAD Million in 2020 from 39922 NAD Million in 2019. source: Central Bureau of Statistics, Namibia

Government Spending in Namibia averaged 18137.80 NAD Million from 1980 until 2020, reaching an all time high of 40186 NAD Million in 2016 and a record low of 6120 NAD Million in 1980. This page provides - Namibia Government Spending - actual values, historical data, forecast, chart, statistics, economic calendar and news. Namibia Government Spending - values, historical data and charts - was last updated on September of 2021.

Government Spending in Namibia is expected to reach 39861.00 NAD Million by the end of 2021, according to Trading Economics global macro models and analysts expectations. In the long-term, the Namibia Government Spending is projected to trend around 40818.00 NAD Million in 2022 and 41634.00 NAD Million in 2023, according to our econometric models.

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Namibia Government Spending

Actual Previous Highest Lowest Dates Unit Frequency
39311.00 39922.00 40186.00 6120.00 1980 - 2020 NAD Million Yearly
Constant Prices, NSA

Namibia Government Last Previous Highest Lowest Unit
Government Debt to GDP 69.60 54.80 69.60 14.22 percent of GDP [+]
Government Budget -9.50 -5.00 5.10 -9.50 percent of GDP [+]
Government Spending 39311.00 39922.00 40186.00 6120.00 NAD Million [+]
Government Debt 111507.00 99806.00 111507.00 11655.30 NAD Million [+]
Military Expenditure 417.00 414.00 561.00 75.00 USD Million [+]
Credit Rating 45.00 [+]

Namibia Government Spending
Government Spending refers to public expenditure on goods and services and is a major component of the GDP. Government spending policies like setting up budget targets, adjusting taxation, increasing public expenditure and public works are very effective tools in influencing economic growth.