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Namibia

Republic of Namibia
Southern Africa•AU•Low Income
POPULATION
3M
Public Debt / GDP
68.2%
2025
External Debt / GDP
30.7%
2025
Debt Svc / Revenue
20.2%
2025
Debt Svc / Exports
9.3%
2025
Interest / Revenue
9%
2025

Debt Composition & Creditor Analysis

External vs Domestic Debt

External
Debt
45%
Domestic
Debt
55%

By Creditor Type

Multilateral35%
Bilateral25%
Paris Club15%
Eurobond15%
Other Priv.10%

By Instrument Type

Bonds49.9%
Loans49.1%
Other15.8%

Average Lending Terms (External)

%
3%
Interest
⏱
16yr
Maturity
⏱
6yr
Grace
Active Restructuring

CAP Pillar 2: Debt Management Quality

Data Dissemination
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Debt Strategy (MTDS)
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Borrowing Plan
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Domestic Market Dev.
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Comprehensive Debt Analytics

Explore in-depth macroeconomic vulnerability, fiscal sustainability, and sovereign risk indicators for Namibia.

Vulnerability Indicator Explorer

Select an indicator to analyze Namibia's performance against international benchmarks.

68.2%
Current (2025)
+1.2 pp YoY
Within 70% target
Analysis

Namibia's public debt at 68.2% of GDP is below the 70% prudential benchmark, suggesting manageable indebtedness relative to the economy. This provides fiscal space for counter-cyclical spending and public investment.

The most widely used measure of overall indebtedness relative to economic activity. It reflects the government's solvency capability and long-term fiscal space.

Net Financial Flows

Disbursements (Inflows) vs Principal & Interest Repayments (Outflows).

Net Positive Flows

In 2025, Namibia received $1.1B in disbursements while repaying $0.7B — a net inflow of $0.4B. The country is receiving more resources than it is repaying, providing additional financing for development.

Profile of Maturing Debts (2025)

Breakdown of short-term (<1 year), medium-term (1-9 years) and long-term (10+ years) debt liabilities.

Short-Term (<1 yr)
$1.9B
18.6% of total
Medium-Term (1-9 yrs)
$3.7B
36.3% of total
Long-Term (10+ yrs)
$4.6B
45.1% of total
Analysis

Namibia has 18.6% of its debt maturing within one year, exceeding the 15% refinancing risk threshold. This elevated short-term exposure creates significant rollover risk — the government must frequently return to capital markets to refinance, leaving it vulnerable to sudden interest rate spikes or market closure.