🇳🇦 Namibia General government final consumption expenditure

Namibia General government final consumption expenditure was $3.31B in 2024, up 3.2% from 2023, according to World Bank data. The 10-year average is $3.13B. Historical data available from 1980 to 2024 (45 data points). The all-time high was $3.31B in 2024.

Source: World Bank World Development Indicators • 1980202445 data pointsEconomy & Growth

Latest Value
$3.31B
2024
Year-on-Year
+3.2%
vs 2023
10-Year Average
$3.13B
20152024
Range
High: $3.31B (2024)
Low: $662.33M (1980)

Namibia General government final consumption expenditure (constant 2015 US$)1980 to 2024

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About this Indicator

Final consumption expenditure is expenditure on goods and services by resident institutional units for the direct satisfaction of human needs or wants, whether individual or collective. General government FCE includes all government current expenditures for purchases of goods and services (including compensation of employees), and most expenditures on national defense and security, but excludes government military expenditures that are part of government capital formation. This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment is 2015. This indicator is expressed in United States dollars.

Historical Data Table

YearValue
2024$3.31B
2023$3.20B
2022$3.16B
2021$3.14B
2020$3.10B
2019$3.09B
2018$3.05B
2017$3.05B
2016$3.12B
2015$3.09B

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