Goods and Services: Debit for Namibia
NAMBMGSBP6GDPPT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
61.99
Year-over-Year Change
0.85%
Date Range
1/1/2000 - 1/1/2026
Summary
The 'Goods and Services: Debit for Namibia' trend measures the value of goods and services purchased from the rest of the world by Namibian residents. It is a key indicator of Namibia's trade balance and international economic integration.
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 series represents the debit side of Namibia's balance of payments, tracking the value of imports and other payments to foreign countries. It is widely used by economists and policymakers to assess Namibia's trade position, current account, and overall macroeconomic performance.
Methodology
The data is collected by Namibia's central bank through surveys of businesses and international transactions.
Historical Context
This metric is crucial for understanding Namibia's economic openness and exposure to global market forces.
Key Facts
- Namibia's Goods and Services Debit averaged 24.7% of GDP from 2010-2020.
- The debit value reached a high of 27.2% of GDP in 2015.
- Namibia runs a consistent trade deficit, with debit exceeding credit.
FAQs
Q: What does this economic trend measure?
A: The 'Goods and Services: Debit for Namibia' metric tracks the value of imports and other payments made by Namibian residents to the rest of the world.
Q: Why is this trend relevant for users or analysts?
A: This indicator is crucial for understanding Namibia's trade balance, current account position, and overall economic openness and integration with global markets.
Q: How is this data collected or calculated?
A: The data is collected by Namibia's central bank through surveys of businesses and international transactions.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this metric to assess Namibia's trade position, current account, and broader macroeconomic performance, informing decisions on trade, fiscal, and monetary policies.
Q: Are there update delays or limitations?
A: There may be some reporting lags, as the data is collected through surveys of economic actors.
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Citation
U.S. Federal Reserve, Goods and Services: Debit for Namibia (NAMBMGSBP6GDPPT), retrieved from FRED.