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Economy of Namibia. Statistics, Data and Indicators

flag
Namibia
55 Credit rank #52
N/A Quality of life #
57 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 -6 % 4Q/20
GDP Growth Rate 8.43 % 4Q/20
GDP per capita 5766 USD 2019
Inflation Rate YoY 3.9 % Apr/21
Interest Rate 3.75 % Apr/21
Unemployment Rate 33.4 % 2018
Balance of Trade -3476 NAD Million | -0.246 B USD 4Q/20
Current Account -856 NAD Million | -0.061 B USD 4Q/20
Foreign Exchange Reserves 34674 NAD Million | 2.457 B USD Mar/21
Government Debt 111507 NAD Million | 7.902 B USD 2020


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 -6 % 4Q/20
GDP Growth Rate 8.43 % 4Q/20
GDP per capita 5766 USD 2019
Gross National Product 173343 NAD Million | 12.285 USD Billion 2020
GDP Constant Prices 35164 NAD Million | 2.492 B USD 4Q/20
GDP per capita PPP 9637 USD 2019
GDP From Agriculture  1777 USD Million | 1.777 B USD 4Q/20
GDP From Construction  748 USD Million | 0.748 B USD 4Q/20
GDP From Manufacturing  4246 USD Million | 4.246 B USD 4Q/20
GDP From Mining  2900 USD Million | 2.9 B USD 4Q/20
GDP From Public Administration  4435 USD Million | 4.435 B USD 4Q/20
GDP From Services  3113 USD Million | 3.113 B USD 4Q/20
GDP From Transport  845 USD Million | 0.845 B USD 3Q/20
GDP From Utilities  961 USD Million | 0.961 B USD 4Q/20


Budget Indicators

Indicator Data Period
Government Debt to GDP 69.6 % 2020
Government Spending 39311 NAD Million | 2.786 USD Billion 2020
Government Debt 111507 NAD Million | 7.902 USD Billion 2020
Government Budget to GDP -9.5 % 2020
Military Expenditure 427 USD Million | 0.427 B USD 2019


Inflation Indicators

Indicator Data Period
Consumer Price Index (CPI) 145 index points Apr/21
Export Prices 107 Index Points 2019
Food Inflation 5.9 % Apr/21
GDP Deflator 132 Index Points 2020
Import Prices 97.7 Index Points 2019
Inflation Rate YoY 3.9 % Apr/21
Inflation Rate Mom 0.4 % Apr/21
CPI Housing Utilities 135 Index Points Apr/21
CPI Transportation 143 Index Points Apr/21


Trade Indicators

Indicator Data Period
Current Account to GDP 1.9 % 2020
Balance of Trade -3476 NAD Million | -0.246 USD Billion 4Q/20
Capital Flows -2634 NAD Million | -0.187 USD Billion 4Q/20
Current Account -856 NAD Million | -0.061 USD Billion 4Q/20
Exports 15671 NAD Million | 1.111 USD Billion 4Q/20
External Debt 33065 NAD Million | 2.343 B USD 2020
Foreign Exchange Reserves 34674 NAD Million | 2.457 USD Billion Mar/21
Imports 19148 NAD Million | 1.357 USD Billion 4Q/20
Terms of Trade  110 Index Points 2019


Money Indicators

Indicator Data Period
Interest Rate 3.75 % Apr/21
Money Supply M0 10843 NAD Million | 0.768 B USD Mar/21
Money Supply M1 65989 NAD Million | 4.677 USD Billion Mar/21
Money Supply M2 127445 NAD Million | 9.032 USD Billion Mar/21
Central Bank Balance Sheet 32469 NAD Million | 2.301 B USD Feb/21
Deposit Interest Rate 4.16 % 2020
Foreign Direct Investment 252 NAD Million | 0.018 B USD 4Q/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 -11 % Feb/21


Business Indicators

Indicator Data Period
Corruption Index 51 index points 2020
Corruption Rank 57 place 2020
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 99451 NAD Million | 7.048 USD Billion 2020
Disposable Personal Income 173907 NAD Million | 12.325 B USD 2020


Government Debt
dept_icon
7.902
USD Billion
#57 from 65 countries
Balance of Trade
balance_icon
-0.246
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
2.457
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
3.9
%
#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