🇳🇦 Namibia

Public Sector Debt · 2026

Total Debt

64.1%

of GDP

Global Rank

#77

of 192

S&P Rating

BB+

Credit rating

SOE Debt

+0.8%

1 categories

Where the Debt Sits

Central Government

Central Government: 63.3%Energy SOEs: 0.8%

Full Debt Breakdown

Central Government63.3% of GDP

Central GovernmentIMF WEO — General Government Debt

63.3%

Energy SOEs0.8% of GDP

NamPower (state power)Fitch/NamPower 2024Owed N$912M by customers; FFO net leverage ~1.8x

0.8%

Total Corporate Debt47.1% of GDP

Nonfinancial corporate debt (est.)World Bank WDI 2023 (72.5% total)

47.1%

Household Debt25.4% of GDP

Household debt (est.)World Bank WDI 2023

25.4%

All Layers Total136.6%

Credit Ratings

S&P

BB+

Fitch

Data Sources

IMF WEO — General Government Debtgeneral_government · Updated semi_annual

Dec 202663.3% GDP

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