household debts in Namibia

Gross debt in Namibia

The government gross debt refers to the total of all sums of money that have to be paid to other countries, communities or institutions. On the other hand not included in the gross debt are the demands of a country to foreign ones.
The gross debt in Namibia in the period from 1998 to 2020 was between 749.1 million and 7.4 billion USD. The hightest level within the past 22 years was reached in 2019. However, the liabilities in 2020 have been only seven billion USD
Based on the number of inhabitants, this is in Namibia a debt of 2,751 USD per person. For comparison: The average debt per person in the same year in the European Union was 30,798 USD.
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Gross debt of the last 22 years in billion USD

YearNamibia totalNamibia per capitaEU per capita
19980.90 bn USD522 USD14,079 USD
19990.95 bn USD540 USD14,032 USD
20000.82 bn USD459 USD11,232 USD
20010.87 bn USD480 USD11,255 USD
20020.75 bn USD405 USD12,258 USD
20031.35 bn USD718 USD15,286 USD
20041.94 bn USD1,019 USD17,595 USD
20051.97 bn USD1,015 USD18,327 USD
20062.02 bn USD1,025 USD18,877 USD
20071.71 bn USD853 USD20,898 USD
20081.64 bn USD804 USD24,086 USD
20091.42 bn USD681 USD25,361 USD
20101.87 bn USD881 USD26,496 USD
20113.44 bn USD1,594 USD29,231 USD
20123.21 bn USD1,463 USD28,174 USD
20133.14 bn USD1,408 USD29,981 USD
20143.43 bn USD1,508 USD30,648 USD
20154.77 bn USD2,061 USD25,920 USD
20164.91 bn USD2,084 USD26,262 USD
20175.65 bn USD2,352 USD27,025 USD
20186.90 bn USD2,817 USD28,454 USD
20197.42 bn USD2,976 USD27,178 USD
20206.99 bn USD2,751 USD30,798 USD

Comparison of gross debt per capita with the European Union in U.S. dollars

      Namibia       European Union

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