Venezuela and Namibia
Venezuela and Namibia are reviewing a broad sectoral agenda through diplomatic channels and preparations for a joint commission. Cultural collaboration found concrete expression in TopCheri's performance in Caracas, while energy, mining, agriculture and training feature among the areas of institutional work.
Analysis reviewed: 2026-10-08 · Indicators updated: 2026-10-08Bilateral context
On 12 June 2026, Ambassador Magaly Henríquez and Namibian director Charles Josob reviewed agreements, memoranda, work plans and preparations for an upcoming joint commission.
What merchandise trade shows
In 2025, goods trade between Venezuela and Namibia totalled 0.000613 million current USD.
Cooperation and bilateral issues
Henríquez highlighted Namibian artist TopCheri's participation in the eighth Cultural Festival with the Peoples with Africa held in Caracas, as a link between societies.
Bilateral indicators
Blank cells: data unavailable.
| Indicator | Value | Period |
|---|---|---|
| Goods trade | 0.000613 M USD | 2025 · Comtrade |
| Goods: Venezuela to Namibia | 0.00016 M USD | 2025 · Comtrade |
| Goods: Namibia to Venezuela | 0.000453 M USD | 2025 · Comtrade |
| Services trade | ||
| Export share: Venezuela to Namibia | ||
| Export share: Namibia to Venezuela | ||
| Investment stock: Venezuela in Namibia | ||
| Investment stock: Namibia in Venezuela |
Definitions and sources
Trade adds both directions. Shares refer to the country’s total goods exports; investment is an accumulated stock, not an annual flow. Every figure retains the currency and period of its source. BEA positions are historical-cost estimates based on the immediate counterpart, not market values or investment by ultimate owner. ‘More than’ indicates a lower bound, not an exact amount. A recorded stock does not establish new activity or authorisation to operate under sanctions.
- Goods trade
- 2025 · UN Comtrade · Goods; full calendar year; reporter NAM. Both directions come from the same verified customs document, not from adding mirror declarations together. Exports generally FOB; imports generally CIF.
- Goods: Venezuela to Namibia
- 2025 · UN Comtrade · Goods; full calendar year; reporter NAM. Both directions come from the same verified customs document, not from adding mirror declarations together. Exports generally FOB; imports generally CIF.
- Goods: Namibia to Venezuela
- 2025 · UN Comtrade · Goods; full calendar year; reporter NAM. Both directions come from the same verified customs document, not from adding mirror declarations together. Exports generally FOB; imports generally CIF.
Country comparison
Period and source beside each figure · est. = estimate by the stated institution.
| Indicator | Venezuela | Namibia |
|---|---|---|
| Nominal GDP | 99.66 billion USD2025 · WB | 15.08 billion USD2025 · WB |
| GDP per capita | 3,494.81 USD2025 · WB | 4,875.93 USD2025 · WB |
| GDP growth | 1.57 %2025 · WB | 1.73 %2025 · WB |
| Policy interest rate | ||
| Inflation · annual average | 3.51 %Annual average · 2025 · WB | |
| Inflation · latest year-on-year figure | ||
| Unemployment | 5.31 %ILO est.2025 · WB | 19.29 %ILO est.2025 · WB |
| Budget balance (% of GDP) | -5.8 %IMF est.2025 · IMF | -6.5 %IMF est.2025 · IMF |
| Gross public debt (% of GDP) | 308.7 %IMF est.2025 · IMF | 70.2 %IMF est.2025 · IMF |
| Current account balance (% of GDP) | -13.41 %2024 · WB | |
| Population | 28,516,8962025 · WB | 3,092,8162025 · WB |
| Area | 912,050 km²2023 · WB | 824,290 km²2023 · WB |
| Military expenditure | ||
| Military expenditure (% of GDP) |
Definitions, dates and sources
Blank cells are not zero. Average annual inflation and the latest year-on-year figure appear in separate rows: they are not the same measure. Every annual indicator retains its reference year; when the years differ, the figures are identified as not directly comparable. When a figure is unavailable from the World Bank, an annual IMF estimate is used and identified as such. The latest year-on-year figure is the latest official release verified as of 7 October 2026. This includes advance releases marked as provisional. Mexico may have a fortnightly figure before the full month is published; it is not automatically compared with a monthly figure. The publication date is retained in each source’s details; it does not replace the observation period or the annual average. Policy rates carry their own dates and represent different instruments. Spain and France share the ECB rate. Balances are positive for surpluses and negative for deficits. The IMF may use fiscal years; unemployment retains each source’s definition (ILO estimates, IMF WEO or PCBS), as stated in the details. For Palestine, debt and the fiscal balance cover central government and retain the PCBS definition; they are not presented as consolidated general government. These are economic magnitudes, not measures of relationship quality.
Area retains each source’s territorial coverage; it does not determine sovereignty or effective control. Canada uses an archived national geographic reference. Military expenditure retains the 2024 SIPRI sample distributed by the World Bank: the amount and percentage of GDP use that same definition, which differs from NATO’s. It is not an approved budget or a 2026 figure. Information from the Stockholm International Peace Research Institute (SIPRI). Military expenditure database · Terms of use0
Indicators reviewed: 2026-10-07. Each source retains its original access date; this review does not turn all the data into 2026 observations. Figures may be revised.
- Nominal GDP
- Current USDVenezuela: 2025 · World Bank · Annual World Bank observation, with its original year; not monthly data.Namibia: 2025 · World Bank · Annual World Bank observation, with its original year; not monthly data.
- GDP per capita
- Current USD per personVenezuela: 2025 · World Bank · Annual World Bank observation, with its original year; not monthly data.Namibia: 2025 · World Bank · Annual World Bank observation, with its original year; not monthly data.
- GDP growth
- Annual real change (%)Venezuela: 2025 · World Bank · Annual World Bank observation, with its original year; not monthly data.Namibia: 2025 · World Bank · Annual World Bank observation, with its original year; not monthly data.
- Policy interest rate
- Central bank instrument (%)
- Inflation · annual average
- Average annual change in headline CPI (%)Namibia: 2025 · Annual average CPI change (%) · World Bank · Annual World Bank observation, with its original year; not monthly data.
- Inflation · latest year-on-year figure
- Headline CPI relative to the same period of the previous year (%); monthly or fortnightly frequency stated
- Unemployment
- % of the labour force; definition used by the stated institutionVenezuela: 2025 · ILO modelled estimate; percentage of the labour force · World Bank · ILO est. · Annual World Bank observation, with its original year; not monthly data.Namibia: 2025 · ILO modelled estimate; percentage of the labour force · World Bank · ILO est. · Annual World Bank observation, with its original year; not monthly data.
- Budget balance
- General government (% of GDP)Venezuela: 2025 · IMF · IMF est. · WEO general-government estimate, % of GDP. Not an observed balance for the current month.Namibia: 2025 · IMF · IMF est. · WEO general-government estimate, % of GDP. Not an observed balance for the current month.
- Gross public debt
- General government (% of GDP)Venezuela: 2025 · IMF · IMF est. · WEO general-government estimate, % of GDP. Not an observed balance for the current month.Namibia: 2025 · IMF · IMF est. · WEO general-government estimate, % of GDP. Not an observed balance for the current month.
- Current account balance
- % of GDPNamibia: 2024 · World Bank · Annual World Bank observation, with its original year; not monthly data.
- Population
- PeopleVenezuela: 2025 · World Bank · Annual World Bank observation, with its original year; not monthly data.Namibia: 2025 · World Bank · Annual World Bank observation, with its original year; not monthly data.
- Area
- Total area in km²; territorial coverage of the sourceVenezuela: 2023 · World Bank · Annual World Bank observation, with its original year; not monthly data.Namibia: 2023 · World Bank · Annual World Bank observation, with its original year; not monthly data.
- Military expenditure
- Current USD per year; SIPRI series
- Military expenditure (% of GDP)
- Percentage of GDP; SIPRI definition, not NATO’s definition
Other data specific to this relationship
What they buy and sell
Documented selection, not an exhaustive list. Cells without a figure do not mean zero value; some products are identified without a verified amount.
Venezuela to Namibia
| Product or sector | Value / share |
|---|---|
Namibia to Venezuela
| Product or sector | Value / share |
|---|---|
Connections between people
The agenda mentioned includes hydrocarbons, mining, agriculture, housing, tourism, science and technology, higher education, air transport and migration. Henríquez highlighted Namibian artist TopCheri's participation in the eighth Cultural Festival with the Peoples with Africa held in Caracas, as a link between societies. [1]
Residents, study and travel
Blank cells: data unavailable. Each measure retains its definition and period.
| Indicator | Value | Period / source |
|---|---|---|
| Residents from Venezuela living in Namibia | ||
| Residents from Namibia living in Venezuela | ||
| Study and training: Venezuela in Namibia | ||
| Study and training: Namibia in Venezuela | ||
| Academic stays: Venezuela in Namibia | ||
| Academic stays: Namibia in Venezuela | ||
| Travel: Venezuela to Namibia | ||
| Travel: Namibia to Venezuela |
What each figure measures
Residents are counted by nationality and the coverage of the stated register, not as people born in the other country or as new arrivals in one year. PERE includes dual nationals and people born outside Spain. Study with OPT and stays carrying academic credit are different measures. Travel may include several visits by the same person; FRONTUR arrivals require an overnight stay, whereas the Canadian survey includes day visits. These figures are neither added together nor automatically compared across directions.
Mobility data added or reviewed: 2026-10-07. Reference periods may be earlier.
Underlying ties
History, institutions and long-standing issues.
The scale of both economies
Nominal GDP for Venezuela is 99.7 billion USD (2025), compared with 15.1 for Namibia (2025). The reference populations are 28.52 and 3.09 million, respectively. In the same year, the economy of Venezuela was 6.61 times that of Namibia in nominal GDP. The comparison provides context on market size, but does not, on its own, measure influence, well-being or diplomatic closeness. Estimates and their sources retain their labels in the tables. [3] [4]
Recent developments
Recent developments and latest available data · Review: 2026-10-08
Bilateral context
On 12 June 2026, Ambassador Magaly Henríquez and Namibian director Charles Josob reviewed agreements, memoranda, work plans and preparations for an upcoming joint commission. The agenda mentioned includes hydrocarbons, mining, agriculture, housing, tourism, science and technology, higher education, air transport and migration. [1]
Cooperation and bilateral issues
Henríquez highlighted Namibian artist TopCheri's participation in the eighth Cultural Festival with the Peoples with Africa held in Caracas, as a link between societies. Both interlocutors proposed advancing existing mechanisms and moving forward with new legal instruments. The assessment of concrete benefits comes from their statements; the report does not identify a completed energy facility, a new air route or the commission's definitive timetable. [1]
What merchandise trade shows
In 2025, merchandise trade between the two countries (Venezuela and Namibia) totalled 0.000613 million current USD. Shipments from the first to the second were 0.00016 million; those in the opposite direction, 0.000453 million. The difference between the two flows was 0.000293 million, in favour of Namibia. This is a goods balance, not the total balance of the economic relationship: it excludes services, income and transfers. Both directions come from a single customs reporter to avoid adding mirror records. [2]
Sources and data
Periods and scope of the figures
Institutional sources and periods accompany each figure. Annual trade, investment positions, residents and visits are distinct measures. Empty cells do not mean zero. Statements of intent are not presented as project implementation or treaties in force.
- Bilateral relations — VEN-NAM
mppre.gob.ve · Institutional source · Accessed: 2026-10-08
- UN Comtrade annual data; reused verified primary payload, not re-downloaded
UN Comtrade · Institutional source · Accessed: 2026-10-08
- Official series — gdp
World Bank · Institutional source · Accessed: 2026-10-07
- Official series — population
World Bank · Institutional source · Accessed: 2026-10-07