Insurance & Financial Services Trade Statistics in Namibia (2026)
In 2024, insurance and financial services exports in Namibia stood at 3.9% of service exports, according to World Bank World Development Indicators data. Down from 5.1% in 2023 to 3.9% in 2024 (−1.2 percentage points). Namibia ranks #18 of 40 economies in Sub-Saharan Africa on this measure, and #74 of 176 globally.
Key Statistics
- Latest value (2024)
- 3.9% (2024)
- Insurance & Financial Services Trade in Namibia as of 2024, the most recent observation in World Bank World Development Indicators data.
- Change since 2023
- −1.2 pp (2024)
- Down from 5.1% in 2023 to 3.9% in 2024 (−1.2 percentage points).
- Earliest value in this dataset (1990)
- 4.7% (1990)
- Earliest observation in this dataset, which covers 1990 onward (the source series may begin earlier). Down from 4.7% in 1990 to 3.9% in 2024.
- Peak value (1991)
- 6% (1991)
- Highest value in the available series; the 2024 value is 3.9%.
- Rank in Sub-Saharan Africa
- #18 of 40 (2024)
- Namibia ranks 18 of 40 countries in Sub-Saharan Africa with data, based on each country's latest value.
- Global rank
- #74 of 176 (2024)
- Namibia ranks 74 of 176 countries with data globally.
- Sub-Saharan Africa average
- 7% (2024)
- Namibia (3.9%) is below the average of 7% across the 40 countries in Sub-Saharan Africa with data.
- Insurance and financial services (% of service imports, BoP) (2024)
- 1.9% (2024)
- Related indicator from World Bank World Development Indicators.
- Internet use in Namibia (2024)
- 64.9% (2024)
- 64.9% of the population in Namibia used the internet in 2024 (World Bank); shown for context only.
- Population (2024)
- 3 million (2024)
- Namibia had a population of 3 million in 2024 (World Bank); shown for scale only.
Trend, 1990–2024
| Year | % of service exports (BoP) | Change |
|---|---|---|
| 2024 | 3.9% | −1.2 pp |
| 2023 | 5.1% | +2.7 pp |
| 2022 | 2.4% | +0.6 pp |
| 2021 | 1.8% | −0.7 pp |
| 2020 | 2.5% | −1.6 pp |
| 2019 | 4% | +0.2 pp |
| 2018 | 3.9% | +0.2 pp |
| 2017 | 3.7% | −1.0 pp |
| 2016 | 4.7% | +1.9 pp |
| 2015 | 2.8% | +0.3 pp |
| 2014 | 2.5% | −1.5 pp |
| 2013 | 4% | +2.0 pp |
| 2012 | 2% | +1.0 pp |
| 2011 | 1% | −1.5 pp |
| 2010 | 2.4% | +1.0 pp |
| 2009 | 1.4% | −1.9 pp |
| 2008 | 3.4% | +2.5 pp |
| 2007 | 0.9% | +0.5 pp |
| 2006 | 0.3% | +0.3 pp |
| 2005 | 0% | +0.0 pp |
| 2004 | 0% | +0.0 pp |
| 2003 | -0% | −0.6 pp |
| 2002 | 0.6% | +0.3 pp |
| 2001 | 0.3% | −0.1 pp |
| 2000 | 0.4% | −1.9 pp |
| 1999 | 2.3% | +0.9 pp |
| 1998 | 1.4% | +0.4 pp |
| 1997 | 1% | −1.7 pp |
| 1996 | 2.7% | +1.3 pp |
| 1995 | 1.4% | −0.2 pp |
| 1994 | 1.6% | −0.3 pp |
| 1993 | 2% | −1.4 pp |
| 1992 | 3.3% | −2.7 pp |
| 1991 | 6% | +1.3 pp |
| 1990 | 4.7% | — |
Frequently asked questions
What is the latest figure for insurance and financial services exports in Namibia?
Insurance and financial services exports in Namibia stood at 3.9% of service exports in 2024, according to World Bank World Development Indicators data.
When did insurance & financial services trade in Namibia peak?
The highest value in the available series was 6% in 1991; the latest (2024) value is 3.9%.
How recent is the insurance & financial services trade data for Namibia?
The most recent observation is from 2024. World Bank World Development Indicators data is reported with a lag, so 2024 is the latest available year for Namibia.
Where does the insurance & financial services trade data for Namibia come from?
The data comes from the World Bank World Development Indicators (indicator BX.GSR.INSF.ZS). The latest observation for Namibia is from 2024; the snapshot was retrieved on 2026-06-10.
Source & methodology
Source: World Bank, World Development Indicators, indicator
BX.GSR.INSF.ZS, retrieved .
Figures are shown exactly as published in the source dataset; only the change column of the trend table is computed from adjacent published values.Read more on the methodology page. All figures are estimates and projections; this is not financial advice.
Last updated .