Economy of Namibia. Statistics, Data and Indicators
Namibia
| 55 | Credit rank #52 |
| N/A | Quality of life # |
| 58 | Corruption rank#46 |
| 104 | Ease of doing business#100 |
Namibia Major Economic Indicators
| Indicator | Data | Period |
|---|---|---|
| GDP Value | 12.24 USD Billion | 2021 |
| GDP Annual Growth Rate | 5.3 % | 1Q/22 |
| GDP Growth Rate | -0.56 % | 1Q/22 |
| GDP per capita | 4084 USD | 2020 |
| Inflation Rate YoY | 5.4 % | May/22 |
| Interest Rate | 4.75 % | Jun/22 |
| Unemployment Rate | 33.4 % | 2018 |
| Balance of Trade | -5349 NAD Million | -0.338 B USD | 4Q/21 |
| Current Account | -3080 NAD Million | -0.194 B USD | 4Q/21 |
| Foreign Exchange Reserves | 40751 NAD Million | 2.573 B USD | Apr/22 |
| Government Debt | 111507 NAD Million | 7.039 B USD | 2020 |
GDP Indicators
| Indicator | Data | Period |
|---|---|---|
| GDP Value | 12.24 USD Billion | 2021 |
| GDP Annual Growth Rate | 5.3 % | 1Q/22 |
| GDP Growth Rate | -0.56 % | 1Q/22 |
| GDP per capita | 4084 USD | 2020 |
| Gross National Product | 177995 NAD Million | 11.236 USD Billion | 2021 |
| GDP Constant Prices | 33994 NAD Million | 2.146 B USD | 1Q/22 |
| GDP per capita PPP | 8894 USD | 2020 |
| GDP From Agriculture | 1017 USD Million | 1.017 B USD | 1Q/22 |
| GDP From Construction | 609 USD Million | 0.609 B USD | 1Q/22 |
| GDP From Manufacturing | 3564 USD Million | 3.564 B USD | 1Q/22 |
| GDP From Mining | 3647 USD Million | 3.647 B USD | 1Q/22 |
| GDP From Public Administration | 3781 USD Million | 3.781 B USD | 1Q/22 |
| GDP From Services | 3114 USD Million | 3.114 B USD | 1Q/22 |
| GDP From Transport | 1087 USD Million | 1.087 B USD | 1Q/22 |
| GDP From Utilities | 830 USD Million | 0.83 B USD | 1Q/22 |
Budget Indicators
| Indicator | Data | Period |
|---|---|---|
| Government Debt to GDP | 69.6 % | 2020 |
| Government Spending | 41185 NAD Million | 2.6 USD Billion | 2021 |
| Government Debt | 111507 NAD Million | 7.039 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) | 153 index points | May/22 |
| Export Prices | 128 Index Points | 2020 |
| Food Inflation | 6.6 % | May/22 |
| GDP Deflator | 132 Index Points | 2021 |
| Import Prices | 107 Index Points | 2020 |
| Inflation Rate YoY | 5.4 % | May/22 |
| Inflation Rate Mom | 0.1 % | May/22 |
| CPI Housing Utilities | 137 Index Points | May/22 |
| CPI Transportation | 168 Index Points | May/22 |
Trade Indicators
| Indicator | Data | Period |
|---|---|---|
| Current Account to GDP | 1.9 % | 2020 |
| Balance of Trade | -5349 NAD Million | -0.338 USD Billion | 4Q/21 |
| Capital Flows | -1746 NAD Million | -0.11 USD Billion | 4Q/21 |
| Current Account | -3080 NAD Million | -0.194 USD Billion | 4Q/21 |
| Exports | 17473 NAD Million | 1.103 USD Billion | 4Q/21 |
| External Debt | 33065 NAD Million | 2.087 B USD | 2020 |
| Foreign Exchange Reserves | 40751 NAD Million | 2.573 USD Billion | Apr/22 |
| Imports | 22821 NAD Million | 1.441 USD Billion | 4Q/21 |
| Terms of Trade | 120 Index Points | 2020 |
Money Indicators
| Indicator | Data | Period |
|---|---|---|
| Interest Rate | 4.75 % | Jun/22 |
| Money Supply M0 | 8618 NAD Million | 0.544 B USD | Apr/22 |
| Money Supply M1 | 68172 NAD Million | 4.304 USD Billion | Mar/22 |
| Money Supply M2 | 129098 NAD Million | 8.15 USD Billion | Mar/22 |
| Central Bank Balance Sheet | 41784 NAD Million | 2.638 B USD | Aug/21 |
| Deposit Interest Rate | 4.02 % | 2021 |
| Foreign Direct Investment | 450 NAD Million | 0.028 B USD | 2Q/21 |
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 | 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 | -1.5 % | May/21 |
Business Indicators
| Indicator | Data | Period |
|---|---|---|
| Corruption Index | 49 index points | 2021 |
| Corruption Rank | 58 place | 2021 |
| 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 | 6.788 USD Billion | 2021 |
| Disposable Personal Income | 172750 NAD Million | 10.905 B USD | 2021 |
