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Government Finance of Namibia

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Overview Economy Population Trade Government Finance Society Environment

Tax Revenue Composition

36.5% 22.1% 38.8%
  • Personal income taxes: 36.5%
  • Corporate income taxes: 22.1%
  • Social security contributions: 1.2%
  • Property taxes: 0.6%
  • Goods and services taxes: 38.8%
  • Other taxes: 0.8%
Show table
Personal income taxes
36.5%
Corporate income taxes
22.1%
Social security contributions
1.2%
Property taxes
0.6%
Goods and services taxes
38.8%
Other taxes
0.8%

Source: OECD Global Revenue Statistics Database, 2024.

Government Debt

Government Gross Debt (% of GDP) 70.5% #48 / 184 2026
Government Gross Debt (Local currency - NAD) 204B - 2026
Government Net Debt (% of GDP) 70.3% #16 / 86 2026
Government Net Debt (Local currency - NAD) 203B - 2026

Fiscal Balance

Fiscal Balance (% of GDP) -6.1% #157 / 189 2026
Fiscal Balance (Local currency - NAD) -17.6B - 2026
Primary Fiscal Balance (% of GDP) -0.7% #78 / 182 2026
Primary Fiscal Balance (Local currency - NAD) -2.07B - 2026

Revenue and Spending

Government Revenue (% of GDP) 31.6% #69 / 189 2026
Government Revenue (Local currency - NAD) 91.2B - 2026
Government Spending (% of GDP) 37.6% #61 / 189 2026
Government Spending (Local currency - NAD) 109B - 2026

International Reserves

Total Reserves (USD) 3.36B #110 / 163 2024

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