Economy of Namibia. Statistics, Data and Indicators
Namibia
| 55 | Credit rank #52 |
| N/A | Quality of life # |
| 59 | Corruption rank#46 |
| 104 | Ease of doing business#100 |
Namibia Major Economic Indicators
| Indicator | Data | Period |
|---|---|---|
| GDP Value | 12.61 USD Billion | 2022 |
| GDP Annual Growth Rate | 3.7 % | 2Q/23 |
| GDP Growth Rate | 0.36 % | 2Q/23 |
| GDP per capita | 4358 USD | 2022 |
| Inflation Rate YoY | 5.4 % | Sep/23 |
| Interest Rate | 7.75 % | Sep/23 |
| Unemployment Rate | 20.8 % | 2022 |
| Balance of Trade | -6496 NAD Million | -0.342 B USD | 2Q/23 |
| Current Account | -2498 NAD Million | -0.131 B USD | 2Q/23 |
| Foreign Exchange Reserves | 55662 NAD Million | 2.926 B USD | Aug/23 |
| Government Debt | 124347 NAD Million | 6.537 B USD | 2021 |
GDP Indicators
| Indicator | Data | Period |
|---|---|---|
| GDP Value | 12.61 USD Billion | 2022 |
| GDP Annual Growth Rate | 3.7 % | 2Q/23 |
| GDP Growth Rate | 0.36 % | 2Q/23 |
| GDP per capita | 4358 USD | 2022 |
| Gross National Product | 200331 NAD Million | 10.532 USD Billion | 2022 |
| GDP Constant Prices | 38778 NAD Million | 2.039 B USD | 2Q/23 |
| GDP per capita PPP | 9490 USD | 2022 |
| GDP From Agriculture | 1906 USD Million | 1.906 B USD | 2Q/23 |
| GDP From Construction | 291 USD Million | 0.291 B USD | 2Q/23 |
| GDP From Manufacturing | 4085 USD Million | 4.085 B USD | 2Q/23 |
| GDP From Mining | 6619 USD Million | 6.619 B USD | 2Q/23 |
| GDP From Public Administration | 3865 USD Million | 3.865 B USD | 2Q/23 |
| GDP From Services | 3591 USD Million | 3.591 B USD | 2Q/23 |
| GDP From Transport | 1007 USD Million | 1.007 B USD | 2Q/23 |
| GDP From Utilities | 964 USD Million | 0.964 B USD | 2Q/23 |
Budget Indicators
| Indicator | Data | Period |
|---|---|---|
| Government Debt to GDP | 68.9 % | 2022 |
| Government Spending | 40851 NAD Million | 2.148 USD Billion | 2022 |
| Government Debt | 124347 NAD Million | 6.537 USD Billion | 2021 |
| Government Budget to GDP | -5.2 % | 2022 |
| Military Expenditure | 369 USD Million | 0.369 B USD | 2022 |
Inflation Indicators
| Indicator | Data | Period |
|---|---|---|
| Consumer Price Index (CPI) | 165 index points | Sep/23 |
| Export Prices | 138 Index Points | 2022 |
| Food Inflation | 9.8 % | Sep/23 |
| GDP Deflator | 143 Index Points | 2022 |
| Import Prices | 112 Index Points | 2022 |
| Inflation Rate YoY | 5.4 % | Sep/23 |
| Inflation Rate Mom | 0.8 % | Sep/23 |
| CPI Housing Utilities | 142 Index Points | Sep/23 |
| CPI Transportation | 181 Index Points | Sep/23 |
Trade Indicators
| Indicator | Data | Period |
|---|---|---|
| Current Account to GDP | -12.3 % | 2022 |
| Balance of Trade | -6496 NAD Million | -0.342 USD Billion | 2Q/23 |
| Capital Flows | -3773 NAD Million | -0.198 USD Billion | 2Q/23 |
| Current Account | -2498 NAD Million | -0.131 USD Billion | 2Q/23 |
| Exports | 19487 NAD Million | 1.024 USD Billion | 2Q/23 |
| External Debt | 32502 NAD Million | 1.709 B USD | 2021 |
| Foreign Exchange Reserves | 55662 NAD Million | 2.926 USD Billion | Aug/23 |
| Imports | 25982 NAD Million | 1.366 USD Billion | 2Q/23 |
| Terms of Trade | 123 Index Points | 2022 |
Money Indicators
| Indicator | Data | Period |
|---|---|---|
| Interest Rate | 7.75 % | Sep/23 |
| Money Supply M0 | 9494 NAD Million | 0.499 B USD | Aug/23 |
| Money Supply M1 | 79590 NAD Million | 4.184 USD Billion | Aug/23 |
| Money Supply M2 | 140362 NAD Million | 7.379 USD Billion | Aug/23 |
| Central Bank Balance Sheet | 56416 NAD Million | 2.966 B USD | Aug/23 |
| Deposit Interest Rate | 3.72 % | 2022 |
| Foreign Direct Investment | 7674 NAD Million | 0.403 B USD | 2Q/23 |
Labor Indicators
| Indicator | Data | Period |
|---|---|---|
| Unemployment Rate | 20.8 % | 2022 |
| 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 % | 2023 |
| Personal Income Tax Rate | 37 % | 2023 |
| Sales Tax Rate | 15 % | 2023 |
Production Indicators
| Indicator | Data | Period |
|---|---|---|
| Mining Production | 1.8 % | Jul/23 |
Business Indicators
| Indicator | Data | Period |
|---|---|---|
| Corruption Index | 49 index points | 2022 |
| Corruption Rank | 59 place | 2022 |
| 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 | 125567 NAD Million | 6.601 USD Billion | 2022 |
| Disposable Personal Income | 190708 NAD Million | 10.026 B USD | 2022 |
