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Economy of Namibia. Statistics, Data and Indicators

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


Namibia Major Economic Indicators

Indicator Data Period
GDP Value 12.31 USD Billion 2021
GDP Annual Growth Rate 4.3 % 3Q/22
GDP Growth Rate -1.45 % 3Q/22
GDP per capita 4196 USD 2021
Inflation Rate YoY 6.9 % Dec/22
Interest Rate 6.75 % Dec/22
Unemployment Rate 21.7 % 2021
Balance of Trade -12073 NAD Million | -0.701 B USD 3Q/22
Current Account -8564 NAD Million | -0.498 B USD 3Q/22
Foreign Exchange Reserves 43387 NAD Million | 2.521 B USD Nov/22
Government Debt 124347 NAD Million | 7.225 B USD 2021


GDP Indicators

Indicator Data Period
GDP Value 12.31 USD Billion 2021
GDP Annual Growth Rate 4.3 % 3Q/22
GDP Growth Rate -1.45 % 3Q/22
GDP per capita 4196 USD 2021
Gross National Product 177995 NAD Million | 10.342 USD Billion 2021
GDP Constant Prices 35466 NAD Million | 2.061 B USD 3Q/22
GDP per capita PPP 9138 USD 2021
GDP From Agriculture  992 USD Million | 0.992 B USD 3Q/22
GDP From Construction  479 USD Million | 0.479 B USD 3Q/22
GDP From Manufacturing  4326 USD Million | 4.326 B USD 3Q/22
GDP From Mining  4019 USD Million | 4.019 B USD 3Q/22
GDP From Public Administration  4915 USD Million | 4.915 B USD 3Q/22
GDP From Services  3015 USD Million | 3.015 B USD 3Q/22
GDP From Transport  954 USD Million | 0.954 B USD 2Q/22
GDP From Utilities  838 USD Million | 0.838 B USD 3Q/22


Budget Indicators

Indicator Data Period
Government Debt to GDP 76 % 2021
Government Spending 41185 NAD Million | 2.393 USD Billion 2021
Government Debt 124347 NAD Million | 7.225 USD Billion 2021
Government Budget to GDP -8.7 % 2021
Military Expenditure 402 USD Million | 0.402 B USD 2021


Inflation Indicators

Indicator Data Period
Consumer Price Index (CPI) 158 index points Dec/22
Export Prices 129 Index Points 2021
Food Inflation 11.8 % Dec/22
GDP Deflator 132 Index Points 2021
Import Prices 112 Index Points 2021
Inflation Rate YoY 6.9 % Dec/22
Inflation Rate Mom 0.3 % Dec/22
CPI Housing Utilities 138 Index Points Dec/22
CPI Transportation 178 Index Points Dec/22


Trade Indicators

Indicator Data Period
Current Account to GDP -9.1 % 2021
Balance of Trade -12073 NAD Million | -0.701 USD Billion 3Q/22
Capital Flows -7030 NAD Million | -0.408 USD Billion 3Q/22
Current Account -8564 NAD Million | -0.498 USD Billion 3Q/22
Exports 16171 NAD Million | 0.94 USD Billion 3Q/22
External Debt 32502 NAD Million | 1.888 B USD 2021
Foreign Exchange Reserves 43387 NAD Million | 2.521 USD Billion Nov/22
Imports 28245 NAD Million | 1.641 USD Billion 3Q/22
Terms of Trade  115 Index Points 2021


Money Indicators

Indicator Data Period
Interest Rate 6.75 % Dec/22
Money Supply M0 8795 NAD Million | 0.511 B USD Nov/22
Money Supply M1 70593 NAD Million | 4.102 USD Billion Nov/22
Money Supply M2 129058 NAD Million | 7.499 USD Billion Nov/22
Central Bank Balance Sheet 49717 NAD Million | 2.889 B USD Nov/22
Deposit Interest Rate 4.02 % 2021
Foreign Direct Investment 6082 NAD Million | 0.353 B USD 3Q/22


Labor Indicators

Indicator Data Period
Unemployment Rate 21.7 % 2021
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 % 2022
Personal Income Tax Rate 37 % 2022
Sales Tax Rate 15 % 2022


Production Indicators

Indicator Data Period
Mining Production 20.8 % Nov/22


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 107529 NAD Million | 6.248 USD Billion 2021
Disposable Personal Income 172750 NAD Million | 10.037 B USD 2021