Goods and Services: Credit for Namibia
NAMBXGSBP6GDPPT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
42.74
Year-over-Year Change
10.10%
Date Range
1/1/2000 - 1/1/2026
Summary
The 'Goods and Services: Credit for Namibia' series measures the net credit or lending position of Namibia's goods and services account. This provides insight into Namibia's international trade and economic performance.
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 indicator represents the difference between Namibia's exports and imports of goods and services. A positive value indicates Namibia is a net lender to the rest of the world, while a negative value signals a net borrowing position.
Methodology
The data is collected and reported by the Namibia Statistics Agency.
Historical Context
This metric is used by economists and policymakers to assess Namibia's trade balance and competitiveness.
Key Facts
- Namibia's goods and services credit was 12.4% of GDP in 2021.
- The credit balance has fluctuated between -1.4% and 13.3% of GDP since 2010.
- Namibia's main exports are diamonds, copper, gold, zinc, lead, and uranium.
FAQs
Q: What does this economic trend measure?
A: This series measures the net credit or lending position of Namibia's goods and services account, which represents the difference between the country's exports and imports.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into Namibia's international trade balance and competitiveness, which is important for economists and policymakers assessing the country's economic performance.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Namibia Statistics Agency.
Q: How is this trend used in economic policy?
A: Analysts and policymakers use this metric to evaluate Namibia's trade position and competitiveness, which informs economic and trade policy decisions.
Q: Are there update delays or limitations?
A: There may be delays in data reporting or revisions, as the information is compiled by the Namibia Statistics Agency.
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Number of Identified Exporters to Namibia from Maine
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ICBUSEASEXQNAM
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Citation
U.S. Federal Reserve, Goods and Services: Credit for Namibia (NAMBXGSBP6GDPPT), retrieved from FRED.