Namibia - Inflation, consumer prices (annual %) 2003 - 2022
Namibia's inflation, consumer prices (annual %) is currently 6.08%, according to the most recent World Bank data for the country (2022).
Definition
The consumer price index gauges inflation by indicating the yearly percentage shift in the expenses for an average consumer to procure a collection of goods and services, which could either remain constant or alter at specified periods like annually; typically employing the Laspeyres formula.- Namibia's inflation, consumer prices (annual %) for 2022 was 6.081%, a 68.13% increase from 2021, with a +2 difference.
- In 2021 it was 3.617%, a 63.71% increase from 2020, with a +1 difference.
- In 2020 it was 2.209%, a -40.65% increase from 2019.
- In 2019 it was 3.722%, a -13.26% increase from 2018.
- In 2018 it was 4.292%, a -30.17% increase from 2017.
Measure: Percent
Average, Lowest, and Highest Recorded Values
The average inflation, consumer prices (annual %), value for Namibia is currently 5.3677% (average of years with recorded data) with a lowest recorded value of 2.2094% in 2020 and a highest value of 9.4517% in 2009.
Namibia's Inflation, consumer prices (annual %) - Historical Data
| Year | Inflation, consumer prices (annual %) | Average Growth Rate (%) |
|---|---|---|
| 2003 | 7.136% | |
| 2004 | 4.137% | -42.03% |
| 2005 | 2.282% | -44.84% |
| 2006 | 4.961% | 117.41% |
| 2007 | 6.548% | 31.98% |
| 2008 | 9.095% | 38.89% |
| 2009 | 9.452% | 3.93% |
| 2010 | 4.875% | -48.42% |
| 2011 | 5.006% | 2.68% |
| 2012 | 6.722% | 34.29% |
| 2013 | 5.601% | -16.68% |
| 2014 | 5.35% | -4.48% |
| 2015 | 3.394% | -36.56% |
| 2016 | 6.729% | 98.25% |
| 2017 | 6.146% | -8.66% |
| 2018 | 4.292% | -30.17% |
| 2019 | 3.722% | -13.26% |
| 2020 | 2.209% | -40.65% |
| 2021 | 3.617% | 63.71% |
| 2022 | 6.081% | 68.13% |
Expand
Comparison with Countries in the Sub-Saharan Africa Region.
Among countries in the same World Bank Sub-Saharan Africa (SSA) region, Namibia comes in 31st with 6.081% inflation, consumer prices (annual %).
- Within the same region, Mauritania comes in 21st with 9.525%, inflation, consumer prices (annual %).
- Guinea-Bissau comes in 22nd with 9.394%.
- Seychelles comes in 23rd with 8.277%.
- Lesotho comes in 24th with 8.272%.
- Madagascar comes in 25th with 8.161%.
- Togo comes in 26th with 7.968%.
- Kenya comes in 27th with 7.657%.
- Uganda comes in 28th with 7.196%.
- South Africa comes in 29th with 7.04%.
- Cameroon comes in 30th with 6.248%.
- Chad comes in 32nd with 5.788%.
- Central African Republic comes in 33rd with 5.583%.
- Cote d'Ivoire comes in 34th with 5.276%.
- Equatorial Guinea comes in 35th with 4.787%.
- Tanzania comes in 36th with 4.35%.
- Gabon comes in 37th with 4.231%.
- Niger comes in 38th with 4.226%.
- Mali comes in 39th with 3.926%.
- Congo, Rep. comes in 40th with 3.043%.
- And Congo, Dem. Rep. comes in 41st with 2.886%, inflation, consumer prices (annual %).
Inflation, consumer prices (annual %), Top 10 Countries in the Sub-Saharan Africa Region.
Top 10 Countries in the Sub-Saharan Africa Region.
| # | Country | Inflation, consumer prices (annual %) | Year |
|---|---|---|---|
| 1 | Sudan | 138.81% | 2022 |
| 2 | Zimbabwe | 104.70% | 2022 |
| 3 | Ghana | 31.26% | 2022 |
| 4 | Sierra Leone | 27.21% | 2022 |
| 5 | Ethiopia | 26.84% | 2021 |
| 6 | Angola | 25.75% | 2021 |
| 7 | Liberia | 23.56% | 2018 |
| 8 | Malawi | 20.95% | 2022 |
| 9 | Nigeria | 18.85% | 2022 |
| 10 | Burundi | 18.80% | 2022 |
Comparison with Countries in the Upper middle income Group.
Among countries in the same World Bank Upper middle income (UMI) group, Namibia comes in 34th with 6.081% inflation, consumer prices (annual %).
- Within the same income group, Peru comes in 24th with 8.334%, inflation, consumer prices (annual %).
- Costa Rica comes in 25th with 8.275%.
- Kazakhstan comes in 26th with 8.042%.
- Mexico comes in 27th with 7.896%.
- El Salvador comes in 28th with 7.199%.
- South Africa comes in 29th with 7.04%.
- Guatemala comes in 30th with 6.885%.
- Albania comes in 31st with 6.725%.
- Russian Federation comes in 32nd with 6.694%.
- St. Lucia comes in 33rd with 6.378%.
- Thailand comes in 35th with 6.077%.
- St. Vincent and the Grenadines comes in 36th with 5.66%.
- Iraq comes in 37th with 4.995%.
- Equatorial Guinea comes in 38th with 4.787%.
- Fiji comes in 39th with 4.52%.
- Gabon comes in 40th with 4.231%.
- Indonesia comes in 41st with 4.209%.
- Ecuador comes in 42nd with 3.466%.
- Malaysia comes in 43rd with 3.379%.
- And Belize comes in 44th with 3.236%, inflation, consumer prices (annual %).
Inflation, consumer prices (annual %), Top 14 Countries in the Upper middle income Group.
Top 14 Countries in the Upper middle income Group.
| # | Country | Inflation, consumer prices (annual %) | Year |
|---|---|---|---|
| 1 | Venezuela, RB | 254.949% | 2016 |
| 2 | Turkiye | 72.309% | 2022 |
| 3 | Suriname | 52.446% | 2022 |
| 4 | Moldova | 28.737% | 2022 |
| 5 | Bulgaria | 15.325% | 2022 |
| 6 | Belarus | 15.210% | 2022 |
| 7 | North Macedonia | 14.205% | 2022 |
| 8 | Bosnia and Herzegovina | 14.021% | 2022 |
| 9 | Azerbaijan | 13.852% | 2022 |
| 10 | Montenegro | 13.040% | 2022 |
| 11 | Palau | 12.353% | 2022 |
| 12 | Serbia | 11.982% | 2022 |
| 13 | Georgia | 11.898% | 2022 |
| 14 | Botswana | 11.666% | 2022 |