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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 15 USD Billion 2019
GDP Annual Growth Rate 1.6 % 4Q/19
GDP Growth Rate -0.86 % 3Q/19
GDP per capita 6073 USD 2018
Inflation Rate YoY 2.5 % Feb/20
Interest Rate 5.25 % Mar/20
Unemployment Rate 33.4 % 2018
Balance of Trade -5646 NAD Million | -0.314 B USD 3Q/19
Current Account -1053 NAD Million | -0.059 B USD 3Q/19
Foreign Exchange Reserves 30961 NAD Million | 1.724 B USD Jan/20
Government Debt 86647 NAD Million | 4.824 B USD 2018


GDP
vvp
15
USD Billion
#125 from 174 countries
GDP per capita
vvp
6073
USD
#86 from 169 countries


GDP Indicators

Indicator Data Period
GDP Value 15 USD Billion 2019
GDP Annual Growth Rate 1.6 % 4Q/19
GDP Growth Rate -0.86 % 3Q/19
GDP per capita 6073 USD 2018
Gross National Product 173650 NAD Million | 9.668 USD Billion 2019
GDP Constant Prices 36293 NAD Million | 2.021 B USD 4Q/19
GDP per capita PPP 9898 USD 2018
GDP From Agriculture  1578 USD Million | 1.578 B USD 4Q/19
GDP From Construction  862 USD Million | 0.862 B USD 4Q/19
GDP From Manufacturing  4542 USD Million | 4.542 B USD 4Q/19
GDP From Mining  3496 USD Million | 3.496 B USD 4Q/19
GDP From Public Administration  4414 USD Million | 4.414 B USD 4Q/19
GDP From Services  3550 USD Million | 3.55 B USD 4Q/19
GDP From Transport  913 USD Million | 0.913 B USD 4Q/19
GDP From Utilities  617 USD Million | 0.617 B USD 4Q/19


Budget Indicators

Indicator Data Period
Government Debt to GDP 45.1 % 2018
Government Spending 27927 NAD Million | 1.555 USD Billion 2018
Government Debt 86647 NAD Million | 4.824 USD Billion 2018
Government Budget to GDP -4.4 % 2018
Military Expenditure 436 USD Million | 0.436 B USD 2018


Inflation Indicators

Indicator Data Period
Consumer Price Index (CPI) 140 index points Feb/20
Export Prices 105 Index Points 2018
Food Inflation 2.8 % Feb/20
GDP Deflator 177 Index Points 2018
Import Prices 102 Index Points 2018
Inflation Rate YoY 2.5 % Feb/20
Inflation Rate Mom 0.31 % Feb/20
CPI Housing Utilities 133 Index Points Feb/20
CPI Transportation 138 Index Points Feb/20


Trade Indicators

Indicator Data Period
Current Account to GDP -2.1 % 2018
Balance of Trade -5646 NAD Million | -0.314 USD Billion 3Q/19
Capital Flows -392 NAD Million | -0.022 USD Billion 3Q/19
Current Account -1053 NAD Million | -0.059 USD Billion 3Q/19
Exports 14197 NAD Million | 0.79 USD Billion 3Q/19
External Debt 32156 NAD Million | 1.79 B USD 2018
Foreign Exchange Reserves 30961 NAD Million | 1.724 USD Billion Jan/20
Imports 19843 NAD Million | 1.105 USD Billion 3Q/19
Terms of Trade  103 Index Points 2018


Money Indicators

Indicator Data Period
Interest Rate 5.25 % Mar/20
Money Supply M0 7118 NAD Million | 0.396 B USD Jan/20
Money Supply M1 58404 NAD Million | 3.252 USD Billion Jan/20
Money Supply M2 114626 NAD Million | 6.382 USD Billion Jan/20
Central Bank Balance Sheet 31564 NAD Million | 1.757 B USD Nov/19
Deposit Interest Rate 5.9 % 2018
Foreign Direct Investment -679 NAD Million | -0.038 B USD 2Q/19


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 | 478.258 USD/Month 2018
Living Wage Individual 8360 NAD/Month | 465.453 USD/Month 2018
Unemployed Persons 364411 Thousand Persons | 364.411 Million Persons 2018
Wages High Skilled 33300 NAD/Month | 1854.017 USD/Month 2018
Wages Low Skilled  3240 NAD/Month | 180.391 USD/Month 2018


Taxes

Indicator Data Period
Corporate Tax Rate 32 % 2020
Personal Income Tax Rate 37 % 2018
Sales Tax Rate 15 % 2020


Production Indicators

Indicator Data Period
Mining Production 2.5 % Mar/19


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 87400 NAD Million | 4.866 USD Billion 2018
Disposable Personal Income 142724 NAD Million | 7.946 B USD 2018


Government Debt
dept_icon
4.824
USD Billion
#57 from 65 countries
Balance of Trade
balance_icon
-0.314
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
1.724
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
2.5
%
#60 from 174 countries


Interest Rate
discount_rate_icon
5.25
%
#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