Namibia—Average Firm Age (years)
Category: Private SectorSource: World Bank World Development Indicators ↗Global Rank: #48 of 116Updated April 2026
Latest Value
21 years
2024
YoY Change
-12.1%
2014 → 2024
Global Rank
#48
of 116 countries
Maximum
24 years
2014
Minimum
10 years
2006
CAGR
+4.5%
3 years
Last
21 years
Previous
24 years
Highest
24 years
Lowest
10 years
Source
World Bank World Development Indicators
Namibia's average firm age (years) was 21 years in 2024, ranking #48 out of 116 countries. This represents a -12.1% change from 2014. Over the past 3 years, the highest recorded value was 24 years (2014) and the lowest was 10 years (2006). Data sourced from the World Bank World Development Indicators.
Source: World Bank World Development Indicators
Historical Data
| Year | Value | Change |
|---|---|---|
| 2024 | 21 years | -12.1% |
| 2014 | 24 years | +152.9% |
| 2006 | 10 years |
Top Countries — Average Firm Age (years)
About This Indicator
Definition
The average wait, in days, to obtain an operating license, from the day of the application to the day it was granted.
Methodology
Data compiled by Enterprise Surveys, World Bank (WB), uri: https://www.enterprisesurveys.org/en/data.