Annual inflation, consumer prices in Namibia
Namibia: Annual inflation, consumer prices was 4.2% in 2024. ▼ Falling
Annual inflation, consumer prices in Namibia, 2003–2024
Source: United Nations Statistics Division, SDG Global Database. Measured in %.
Analysis
The most recent figure for annual inflation, consumer prices in Namibia is 4.2%, measured in 2024.
The figure is down 27.9% on the previous year and down 20.8% over ten years.
Over the whole period, annual inflation, consumer prices in Namibia peaked at 9.5% in 2009 and was at its lowest, 2.2%, in 2020.
Namibia ranks 75th of 203 countries on this measure, in the middle of the range.
The long-run direction has been consistently falling across the 22 years of available data.
Annual inflation, consumer prices in Namibia, year by year
| Year | % | Change |
|---|---|---|
| 2003 | 7.1% | — |
| 2004 | 4.1% | -42.0% |
| 2005 | 2.3% | -44.8% |
| 2006 | 5.0% | +117.4% |
| 2007 | 6.5% | +32.0% |
| 2008 | 9.1% | +38.9% |
| 2009 | 9.5% | +3.9% |
| 2010 | 4.9% | -48.4% |
| 2011 | 5.0% | +2.7% |
| 2012 | 6.7% | +34.3% |
| 2013 | 5.6% | -16.7% |
| 2014 | 5.4% | -4.5% |
| 2015 | 3.4% | -36.6% |
| 2016 | 6.7% | +98.2% |
| 2017 | 6.1% | -8.7% |
| 2018 | 4.3% | -30.2% |
| 2019 | 3.7% | -13.3% |
| 2020 | 2.2% | -40.6% |
| 2021 | 3.6% | +63.7% |
| 2022 | 6.1% | +68.1% |
| 2023 | 5.9% | -3.3% |
| 2024 | 4.2% | -27.9% |
Namibia compared with similar countries
- Namibia's 4.2% is below the median for lower middle income countries, which is 5.0%, 86% of the median. (43 countries reporting)
- Namibia's 4.2% is below the median for Sub-Saharan Africa, which is 4.5%, 94% of the median. (43 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 6.2% | 2.3% | 9.5% | 7 |
| 2010s | 5.2% | 3.4% | 6.7% | 10 |
| 2020s | 4.4% | 2.2% | 6.1% | 5 |
Countries ranked near Namibia
- 73 Chile 4.3% compare
- 74 Aruba 4.3% compare
- 76 Burkina Faso 4.2% compare
- 77 Mozambique 4.1% compare
- 78 Algeria 4.0% compare
More development goals data for Namibia
- Red List Index 0.9721 index (2025)
- Number of refugees per 100,000 population, by country of origin 19.49 per 100,000 people (2025)
- Manufacturing value added per capita 406.62 constant US$ (2025)
- Number of transboundary breeds 55 (2025)
- Number of transboundary breeds (not extinct) 54 (2025)
- Number of transboundary breeds with unknown risk status 26 (2025)
- Number of local breeds with unknown risk status 23 (2025)
- Number of local breeds (not extinct) 26 (2025)
- Number of local breeds kept in the country 26 (2025)
- Infant deaths 2,808 (2024)
Frequently asked questions
- What is annual inflation, consumer prices in Namibia?
- Annual inflation, consumer prices in Namibia was 4.2% in 2024, according to United Nations Statistics Division, SDG Global Database.
- What is the highest annual inflation, consumer prices recorded in Namibia?
- The highest recorded value was 9.5% in 2009.
- What is the lowest annual inflation, consumer prices recorded in Namibia?
- The lowest recorded value was 2.2% in 2020.
- How does Namibia rank for annual inflation, consumer prices?
- Namibia ranks 75th out of 203 countries with data for 2024.
- Is annual inflation, consumer prices rising or falling in Namibia?
- Over the last ten years it is down 20.8%. The long-run trend across the full record is falling.
- Where does this Namibia data come from?
- The figures come from United Nations Statistics Division, SDG Global Database, published as part of Annual inflation, consumer prices (%). Statizoid updates them automatically from the source API.
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