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 |
