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Economy of Namibia. Statistics, Data and Indicators

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


Namibia Major Economic Indicators

Indicator Data Period
GDP Value 12.37 USD Billion 2019
GDP Annual Growth Rate -11.1 % 2Q/20
GDP Growth Rate -2.59 % 1Q/20
GDP per capita 5766 USD 2019
Inflation Rate YoY 2.4 % Aug/20
Interest Rate 3.75 % Aug/20
Unemployment Rate 33.4 % 2018
Balance of Trade -5955 NAD Million | -0.35 B USD 1Q/20
Current Account -432 NAD Million | -0.025 B USD 1Q/20
Foreign Exchange Reserves 35400 NAD Million | 2.08 B USD Jul/20
Government Debt 86647 NAD Million | 5.091 B USD 2018


GDP
vvp
12.37
USD Billion
#125 from 174 countries
GDP per capita
vvp
5766
USD
#86 from 169 countries


GDP Indicators

Indicator Data Period
GDP Value 12.37 USD Billion 2019
GDP Annual Growth Rate -11.1 % 2Q/20
GDP Growth Rate -2.59 % 1Q/20
GDP per capita 5766 USD 2019
Gross National Product 173650 NAD Million | 10.202 USD Billion 2019
GDP Constant Prices 32025 NAD Million | 1.881 B USD 2Q/20
GDP per capita PPP 9637 USD 2019
GDP From Agriculture  2420 USD Million | 2.42 B USD 2Q/20
GDP From Construction  894 USD Million | 0.894 B USD 1Q/20
GDP From Manufacturing  4263 USD Million | 4.263 B USD 1Q/20
GDP From Mining  3602 USD Million | 3.602 B USD 1Q/20
GDP From Public Administration  3863 USD Million | 3.863 B USD 1Q/20
GDP From Services  3455 USD Million | 3.455 B USD 1Q/20
GDP From Transport  1160 USD Million | 1.16 B USD 1Q/20
GDP From Utilities  775 USD Million | 0.775 B USD 1Q/20


Budget Indicators

Indicator Data Period
Government Debt to GDP 53.3 % 2019
Government Spending 39480 NAD Million | 2.319 USD Billion 2019
Government Debt 86647 NAD Million | 5.091 USD Billion 2018
Government Budget to GDP -4.5 % 2019
Military Expenditure 436 USD Million | 0.436 B USD 2018


Inflation Indicators

Indicator Data Period
Consumer Price Index (CPI) 141 index points Aug/20
Export Prices 107 Index Points 2019
Food Inflation 6.8 % Aug/20
GDP Deflator 177 Index Points 2018
Import Prices 97.7 Index Points 2019
Inflation Rate YoY 2.4 % Aug/20
Inflation Rate Mom 0.4 % Aug/20
CPI Housing Utilities 133 Index Points Aug/20
CPI Transportation 138 Index Points Aug/20


Trade Indicators

Indicator Data Period
Current Account to GDP -2.3 % 2019
Balance of Trade -5955 NAD Million | -0.35 USD Billion 1Q/20
Capital Flows 1348 NAD Million | 0.079 USD Billion 1Q/20
Current Account -432 NAD Million | -0.025 USD Billion 1Q/20
Exports 10834 NAD Million | 0.637 USD Billion 1Q/20
External Debt 32156 NAD Million | 1.889 B USD 2018
Foreign Exchange Reserves 35400 NAD Million | 2.08 USD Billion Jul/20
Imports 16789 NAD Million | 0.986 USD Billion 1Q/20
Terms of Trade  110 Index Points 2019


Money Indicators

Indicator Data Period
Interest Rate 3.75 % Aug/20
Money Supply M0 7405 NAD Million | 0.435 B USD Jul/20
Money Supply M1 60864 NAD Million | 3.576 USD Billion Jul/20
Money Supply M2 123823 NAD Million | 7.275 USD Billion Jul/20
Central Bank Balance Sheet 35707 NAD Million | 2.098 B USD Jul/20
Deposit Interest Rate 5.7 % 2019
Foreign Direct Investment -2082 NAD Million | -0.122 B USD 1Q/20


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 % 2020
Personal Income Tax Rate 37 % 2020
Sales Tax Rate 15 % 2020


Production Indicators

Indicator Data Period
Mining Production 2.8 % Jun/20


Business Indicators

Indicator Data Period
Corruption Index 52 index points 2019
Corruption Rank 56 place 2019
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 107747 NAD Million | 6.33 USD Billion 2019
Disposable Personal Income 131952 NAD Million | 7.752 B USD 2019


Government Debt
dept_icon
5.091
USD Billion
#57 from 65 countries
Balance of Trade
balance_icon
-0.35
USD Billion
#114 from 173 countries


Gold Reserves
gold_reserve_icon
N/A
N/A
#N/A from N/A countries
Foreign Exchange Reserves
gold_reserve_icon
2.08
USD Billion
#95 from 114 countries


Government Budget Value
balance_icon
N/A
N/A
#N/A from N/A countries
Inflation Rate
inflation_icon
2.4
%
#60 from 174 countries


Interest Rate
discount_rate_icon
3.75
%
#46 from 159 countries
Bank Lending Rate
credit_rate_icon
N/A%
#N/A from N/A countries


Unemployment Rate
unemployment_icon
33.4
%
#1 from 171 countries
Wages
salary_icon
N/A
N/A
#N/A from N/A countries