Mineral rents in Namibia
Namibia: Mineral rents was 3.2% in 2021. ◆ Volatile
Mineral rents in Namibia, 1980–2021
Source: The Changing Wealth of Nations, World Bank (WB). Measured in % of GDP.
Analysis
Namibia recorded 3.2% for mineral rents in 2021.
That represents a change of up 205.6% on the previous year and up 99.8% over ten years.
Over the whole period, mineral rents in Namibia peaked at 39.7% in 1988 and was at its lowest, 0.1%, in 1996.
Namibia ranks 32nd of 212 countries on this measure, in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Mineral rents in Namibia, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1980 | 5.9% | — |
| 1981 | 4.0% | -33.0% |
| 1982 | 2.3% | -41.7% |
| 1983 | 2.0% | -12.0% |
| 1984 | 3.2% | +57.3% |
| 1985 | 4.3% | +33.3% |
| 1986 | 0.9% | -79.3% |
| 1987 | 1.9% | +118.7% |
| 1988 | 39.7% | +1944.0% |
| 1989 | 31.5% | -20.5% |
| 1990 | 10.2% | -67.7% |
| 1991 | 0.9% | -91.4% |
| 1992 | 0.3% | -67.8% |
| 1993 | 0.2% | -42.1% |
| 1994 | 0.2% | +33.9% |
| 1995 | 0.3% | +39.5% |
| 1996 | 0.1% | -61.4% |
| 1997 | 0.4% | +265.1% |
| 1998 | 0.2% | -47.6% |
| 1999 | 0.2% | +0.9% |
| 2000 | 0.2% | +3.4% |
| 2001 | 0.3% | +7.1% |
| 2002 | 0.1% | -53.2% |
| 2003 | 0.4% | +196.8% |
| 2004 | 0.3% | -8.0% |
| 2005 | 0.8% | +134.4% |
| 2006 | 2.3% | +203.8% |
| 2007 | 5.3% | +131.5% |
| 2008 | 1.5% | -71.3% |
| 2009 | 1.2% | -22.3% |
| 2010 | 1.9% | +60.9% |
| 2011 | 1.6% | -16.7% |
| 2012 | 1.2% | -25.9% |
| 2013 | 0.6% | -52.0% |
| 2014 | 0.9% | +67.9% |
| 2015 | 1.0% | +5.9% |
| 2016 | 1.6% | +63.0% |
| 2017 | 2.6% | +57.5% |
| 2018 | 0.8% | -70.0% |
| 2019 | 0.8% | +5.5% |
| 2020 | 1.0% | +27.2% |
| 2021 | 3.2% | +205.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 9.6% | 0.9% | 39.7% | 10 |
| 1990s | 1.3% | 0.1% | 10.2% | 10 |
| 2000s | 1.2% | 0.1% | 5.3% | 10 |
| 2010s | 1.3% | 0.6% | 2.6% | 10 |
| 2020s | 2.1% | 1.0% | 3.2% | 2 |
Countries ranked near Namibia
- 29 South Africa 3.8% compare
- 30 Panama 3.6% compare
- 31 Iran, Islamic Republic of 3.4% compare
- 33 Senegal 2.9% compare
- 34 Nicaragua 2.7% compare
- 35 Côte d'Ivoire 2.5% compare
More energy & mining data for Namibia
- Fuel imports 15.9% (2024)
- Ores and metals imports 9.9% (2024)
- Ores and metals exports 32.3% (2024)
- Gas production 0 terawatt-hours (2024)
- Fossil fuel production per person, by fuel 0 kilowatt-hours per person (2024)
- Fossil fuel production by fuel 0 terawatt-hours (2024)
- Gas production per person 0 kilowatt-hours per person (2024)
- Fossil fuel production by fuel, per capita 0 terawatt-hours per person (2024)
- Fossil fuel production by fuel, per unit of GDP 0 terawatt-hours per US$ of GDP (2024)
- Gas production, per capita 0 terawatt-hours per person (2024)
Frequently asked questions
- What is mineral rents in Namibia?
- Mineral rents in Namibia was 3.2% in 2021, according to The Changing Wealth of Nations, World Bank (WB).
- What is the highest mineral rents recorded in Namibia?
- The highest recorded value was 39.7% in 1988.
- What is the lowest mineral rents recorded in Namibia?
- The lowest recorded value was 0.1% in 1996.
- How does Namibia rank for mineral rents?
- Namibia ranks 32nd out of 212 countries with data for 2021.
- Is mineral rents rising or falling in Namibia?
- Over the last ten years it is up 99.8%. The long-run trend across the full record is volatile.
- Where does this Namibia data come from?
- The figures come from The Changing Wealth of Nations, World Bank (WB), published as part of Mineral rents (% of GDP). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 42 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Mineral rents are the difference between the value of production for a stock of minerals at world prices and their total costs of production. Minerals included in the calculation are tin, gold, lead, zinc, iron, copper, nickel, silver, bauxite, and phosphate.