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 | 12.31 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 |