Latest: United Arab Emirates 16:05 GDP (YoY) Forecast: 0 % Actual: -6.1%
Latest: South Africa 16:00 SARB Monetary Policy Review Forecast: 0
Latest: United Kingdom 12:30 Annual Budget Release Forecast: 0
Latest: Japan 01:30 BoJ Board Member Suzuki Speaks Forecast: 0
Latest: United States 13:00 Jackson Hole Symposium Forecast: 0

Economy of Namibia. Statistics, Data and Indicators

flag
Namibia
55 Credit rank #52
N/A Quality of life #
58 Corruption rank#46
104 Ease of doing business#100
Namibia


Namibia Major Economic Indicators

Indicator Data Period
GDP Value 12.24 USD Billion 2021
GDP Annual Growth Rate 5.3 % 1Q/22
GDP Growth Rate -0.56 % 1Q/22
GDP per capita 4084 USD 2020
Inflation Rate YoY 5.4 % May/22
Interest Rate 4.75 % Jun/22
Unemployment Rate 33.4 % 2018
Balance of Trade -5349 NAD Million | -0.338 B USD 4Q/21
Current Account -3080 NAD Million | -0.194 B USD 4Q/21
Foreign Exchange Reserves 40751 NAD Million | 2.573 B USD Apr/22
Government Debt 111507 NAD Million | 7.039 B USD 2020


GDP Indicators

Indicator Data Period
GDP Value 12.24 USD Billion 2021
GDP Annual Growth Rate 5.3 % 1Q/22
GDP Growth Rate -0.56 % 1Q/22
GDP per capita 4084 USD 2020
Gross National Product 177995 NAD Million | 11.236 USD Billion 2021
GDP Constant Prices 33994 NAD Million | 2.146 B USD 1Q/22
GDP per capita PPP 8894 USD 2020
GDP From Agriculture  1017 USD Million | 1.017 B USD 1Q/22
GDP From Construction  609 USD Million | 0.609 B USD 1Q/22
GDP From Manufacturing  3564 USD Million | 3.564 B USD 1Q/22
GDP From Mining  3647 USD Million | 3.647 B USD 1Q/22
GDP From Public Administration  3781 USD Million | 3.781 B USD 1Q/22
GDP From Services  3114 USD Million | 3.114 B USD 1Q/22
GDP From Transport  1087 USD Million | 1.087 B USD 1Q/22
GDP From Utilities  830 USD Million | 0.83 B USD 1Q/22


Budget Indicators

Indicator Data Period
Government Debt to GDP 69.6 % 2020
Government Spending 41185 NAD Million | 2.6 USD Billion 2021
Government Debt 111507 NAD Million | 7.039 USD Billion 2020
Government Budget to GDP -9.5 % 2020
Military Expenditure 417 USD Million | 0.417 B USD 2020


Inflation Indicators

Indicator Data Period
Consumer Price Index (CPI) 153 index points May/22
Export Prices 128 Index Points 2020
Food Inflation 6.6 % May/22
GDP Deflator 132 Index Points 2021
Import Prices 107 Index Points 2020
Inflation Rate YoY 5.4 % May/22
Inflation Rate Mom 0.1 % May/22
CPI Housing Utilities 137 Index Points May/22
CPI Transportation 168 Index Points May/22


Trade Indicators

Indicator Data Period
Current Account to GDP 1.9 % 2020
Balance of Trade -5349 NAD Million | -0.338 USD Billion 4Q/21
Capital Flows -1746 NAD Million | -0.11 USD Billion 4Q/21
Current Account -3080 NAD Million | -0.194 USD Billion 4Q/21
Exports 17473 NAD Million | 1.103 USD Billion 4Q/21
External Debt 33065 NAD Million | 2.087 B USD 2020
Foreign Exchange Reserves 40751 NAD Million | 2.573 USD Billion Apr/22
Imports 22821 NAD Million | 1.441 USD Billion 4Q/21
Terms of Trade  120 Index Points 2020


Money Indicators

Indicator Data Period
Interest Rate 4.75 % Jun/22
Money Supply M0 8618 NAD Million | 0.544 B USD Apr/22
Money Supply M1 68172 NAD Million | 4.304 USD Billion Mar/22
Money Supply M2 129098 NAD Million | 8.15 USD Billion Mar/22
Central Bank Balance Sheet 41784 NAD Million | 2.638 B USD Aug/21
Deposit Interest Rate 4.02 % 2021
Foreign Direct Investment 450 NAD Million | 0.028 B USD 2Q/21


Labor Indicators

Indicator Data Period
Unemployment Rate 33.4 % 2018
Youth Unemployment Rate 46.1 % 2018
Employed Persons 725742 Thousand Person | 725.742 Million Person 2018
Labor Force Participation Rate 71.2 % 2018
Living Wage Family 8590 NAD/Month | 496.79 USD/Month 2018
Living Wage Individual 8360 NAD/Month | 483.489 USD/Month 2018
Unemployed Persons 364411 Thousand Persons | 364.411 Million Persons 2018
Wages High Skilled 33300 NAD/Month | 1925.857 USD/Month 2018
Wages Low Skilled  3240 NAD/Month | 187.381 USD/Month 2018


Taxes

Indicator Data Period
Corporate Tax Rate 32 % 2021
Personal Income Tax Rate 37 % 2021
Sales Tax Rate 15 % 2021


Production Indicators

Indicator Data Period
Mining Production -1.5 % May/21


Business Indicators

Indicator Data Period
Corruption Index 49 index points 2021
Corruption Rank 58 place 2021
Ease of Doing Business 104 place 2019
Competitiveness Index 54.46 Index Points 2019
Competitiveness Rank 94 2019


Consumer Indicators

Indicator Data Period
Consumer Spending 107529 NAD Million | 6.788 USD Billion 2021
Disposable Personal Income 172750 NAD Million | 10.905 B USD 2021