Goods and Services: Net for Namibia
NAMBGSBP6GDPPT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-13.24
Year-over-Year Change
-43.91%
Date Range
1/1/2000 - 1/1/2026
Summary
The 'Goods and Services: Net for Namibia' metric measures the difference between the value of a country's exports and imports of goods and services. This provides insights into Namibia's trade balance and competitiveness.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
This economic indicator represents Namibia's net exports, which is the value of its total exports minus its total imports of goods and services. It is a key measure of a country's international trade and a component of its gross domestic product (GDP).
Methodology
The data is collected and calculated by the Namibian Statistics Agency based on balance of payments statistics.
Historical Context
Policymakers and analysts use this metric to evaluate Namibia's trade performance and external competitiveness.
Key Facts
- Namibia's net exports were $-1.16 billion in 2021.
- This metric has shown a deficit since the 1990s.
- Namibia's main exports are minerals, fish, and beef.
FAQs
Q: What does this economic trend measure?
A: The 'Goods and Services: Net for Namibia' metric measures the difference between the value of Namibia's exports and imports of goods and services.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into Namibia's trade balance and international competitiveness, which are important factors for policymakers and economists to monitor.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the Namibian Statistics Agency based on balance of payments statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to evaluate Namibia's trade performance and external competitiveness, which can inform decisions on trade policies, exchange rates, and economic development strategies.
Q: Are there update delays or limitations?
A: The data is subject to the timeliness and accuracy of the Namibian Statistics Agency's balance of payments reporting.
Related Trends
Fertility Rate, Total for Namibia
SPDYNTFRTINNAM
Value of Exports to Namibia from District of Columbia
DCNAMA052SCEN
Use of Financial Services, Mobile Banking: Active Number of Mobile Money Accounts for Namibia
NAMFCMAANUM
Bank's Non-Interest Income to Total Income for Namibia
DDEI03NAA156NWDB
Value of Exports to Namibia from California
CANAMA052SCEN
Net migration for Namibia
SMPOPNETMNAM
Citation
U.S. Federal Reserve, Goods and Services: Net for Namibia (NAMBGSBP6GDPPT), retrieved from FRED.