Economy of Namibia. Statistics, Data and Indicators
Namibia
| 55 | Credit rank #52 |
| N/A | Quality of life # |
| 56 | Corruption rank#46 |
| 104 | Ease of doing business#100 |
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
15
USD Billion
#125 from 174 countries
GDP per capita
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
4.824
USD Billion
#57 from 65 countries
Balance of Trade
-0.314
USD Billion
#114 from 173 countries
Gold Reserves
N/A
N/A
#N/A from N/A countries
Foreign Exchange Reserves
1.724
USD Billion
#95 from
114 countries
Government Budget Value
N/A
N/A
#N/A from N/A countries
Inflation Rate
2.5
%
#60 from
174 countries
Interest Rate
5.25
%
#46 from
159 countries
Bank Lending Rate
N/A%
#N/A from
N/A countries
Unemployment Rate
33.4
%
#1 from
171 countries
Wages
N/A
N/A
#N/A from
N/A countries
