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. 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 2021 was between 743.1 million and 8.9 billion USD. The highest level of the last years at nine billion US Dollar was reached in 2021.

Based on the number of inhabitants, this is a debt of 3,501 USD per person. For comparison, the average debt per person in the same year in the European Union was 33,695 USD.

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Gross debt of the last 23 years in billion USD

YearNamibia totalNamibia per capitaEU per capita
19980.76 bn USD438 USD14,079 USD
19990.84 bn USD478 USD14,032 USD
20000.82 bn USD456 USD11,232 USD
20010.87 bn USD476 USD11,255 USD
20020.74 bn USD401 USD12,258 USD
20031.34 bn USD712 USD15,286 USD
20041.93 bn USD1,011 USD17,595 USD
20051.95 bn USD1,006 USD18,327 USD
20062.09 bn USD1,061 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 USD2,090 USD25,918 USD
20164.91 bn USD2,115 USD26,261 USD
20175.65 bn USD2,390 USD27,024 USD
20186.90 bn USD2,867 USD28,448 USD
20197.45 bn USD3,043 USD27,168 USD
20207.05 bn USD2,832 USD30,783 USD
20218.86 bn USD3,501 USD33,695 USD

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

      Namibia       European Union

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