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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 10.7 USD Billion 2020
GDP Annual Growth Rate -6.5 % 1Q/21
GDP Growth Rate -6.11 % 1Q/21
GDP per capita 5313 USD 2020
Inflation Rate YoY 4.1 % Jun/21
Interest Rate 3.75 % Jun/21
Unemployment Rate 2.79 % 2020
Balance of Trade -8268 NAD Million | -0.575 B USD 1Q/21
Current Account -4002 NAD Million | -0.278 B USD 1Q/21
Foreign Exchange Reserves 39008 NAD Million | 2.714 B USD May/21
Government Debt 111507 NAD Million | 7.759 B USD 2020


GDP
vvp
10.7
USD Billion
#125 from 174 countries
GDP per capita
vvp
5313
USD
#86 from 169 countries


GDP Indicators

Indicator Data Period
GDP Value 10.7 USD Billion 2020
GDP Annual Growth Rate -6.5 % 1Q/21
GDP Growth Rate -6.11 % 1Q/21
GDP per capita 5313 USD 2020
Gross National Product 173343 NAD Million | 12.062 USD Billion 2020
GDP Constant Prices 31939 NAD Million | 2.223 B USD 1Q/21
GDP per capita PPP 8894 USD 2020
GDP From Agriculture  930 USD Million | 0.93 B USD 1Q/21
GDP From Construction  538 USD Million | 0.538 B USD 1Q/21
GDP From Manufacturing  3001 USD Million | 3.001 B USD 1Q/21
GDP From Mining  2979 USD Million | 2.979 B USD 1Q/21
GDP From Public Administration  3892 USD Million | 3.892 B USD 1Q/21
GDP From Services  2995 USD Million | 2.995 B USD 1Q/21
GDP From Transport  1005 USD Million | 1.005 B USD 1Q/21
GDP From Utilities  786 USD Million | 0.786 B USD 1Q/21


Budget Indicators

Indicator Data Period
Government Debt to GDP 69.6 % 2020
Government Spending 39311 NAD Million | 2.736 USD Billion 2020
Government Debt 111507 NAD Million | 7.759 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) 146 index points Jun/21
Export Prices 107 Index Points 2019
Food Inflation 7.3 % Jun/21
GDP Deflator 132 Index Points 2020
Import Prices 97.7 Index Points 2019
Inflation Rate YoY 4.1 % Jun/21
Inflation Rate Mom 0.5 % Jun/21
CPI Housing Utilities 135 Index Points Jun/21
CPI Transportation 147 Index Points Jun/21


Trade Indicators

Indicator Data Period
Current Account to GDP 1.9 % 2020
Balance of Trade -8268 NAD Million | -0.575 USD Billion 1Q/21
Capital Flows -3373 NAD Million | -0.235 USD Billion 1Q/21
Current Account -4002 NAD Million | -0.278 USD Billion 1Q/21
Exports 9029 NAD Million | 0.628 USD Billion 1Q/21
External Debt 33065 NAD Million | 2.301 B USD 2020
Foreign Exchange Reserves 39008 NAD Million | 2.714 USD Billion May/21
Imports 17298 NAD Million | 1.204 USD Billion 1Q/21
Terms of Trade  110 Index Points 2019


Money Indicators

Indicator Data Period
Interest Rate 3.75 % Jun/21
Money Supply M0 8623 NAD Million | 0.6 B USD May/21
Money Supply M1 61386 NAD Million | 4.272 USD Billion May/21
Money Supply M2 121787 NAD Million | 8.475 USD Billion May/21
Central Bank Balance Sheet 41862 NAD Million | 2.913 B USD Apr/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 2.79 % 2020
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 -39 % Mar/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 | 6.92 USD Billion 2020
Disposable Personal Income 173907 NAD Million | 12.102 B USD 2020


Government Debt
dept_icon
7.759
USD Billion
#57 from 65 countries
Balance of Trade
balance_icon
-0.575
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
2.714
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
4.1
%
#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
2.79
%
#1 from 171 countries
Wages
salary_icon
N/A
N/A
#N/A from N/A countries