Economy of Namibia. Statistics, Data and Indicators
Namibia
| 55 | Credit rank #52 |
| N/A | Quality of life # |
| 57 | Corruption rank#46 |
| 104 | Ease of doing business#100 |
Namibia Major Economic Indicators
| Indicator | Data | Period |
|---|---|---|
| GDP Value | 10.7 USD Billion | 2020 |
| GDP Annual Growth Rate | -6.5 % | 1Q/21 |
| GDP Growth Rate | -6.11 % | 1Q/21 |
| GDP per capita | 5313 USD | 2020 |
| Inflation Rate YoY | 4.1 % | Jun/21 |
| Interest Rate | 3.75 % | Jun/21 |
| Unemployment Rate | 2.79 % | 2020 |
| Balance of Trade | -8268 NAD Million | -0.575 B USD | 1Q/21 |
| Current Account | -4002 NAD Million | -0.278 B USD | 1Q/21 |
| Foreign Exchange Reserves | 39008 NAD Million | 2.714 B USD | May/21 |
| Government Debt | 111507 NAD Million | 7.759 B USD | 2020 |
GDP
10.7
USD Billion
#125 from 174 countries
GDP per capita
5313
USD
#86 from 169 countries
GDP Indicators
| Indicator | Data | Period |
|---|---|---|
| GDP Value | 10.7 USD Billion | 2020 |
| GDP Annual Growth Rate | -6.5 % | 1Q/21 |
| GDP Growth Rate | -6.11 % | 1Q/21 |
| GDP per capita | 5313 USD | 2020 |
| Gross National Product | 173343 NAD Million | 12.062 USD Billion | 2020 |
| GDP Constant Prices | 31939 NAD Million | 2.223 B USD | 1Q/21 |
| GDP per capita PPP | 8894 USD | 2020 |
| GDP From Agriculture | 930 USD Million | 0.93 B USD | 1Q/21 |
| GDP From Construction | 538 USD Million | 0.538 B USD | 1Q/21 |
| GDP From Manufacturing | 3001 USD Million | 3.001 B USD | 1Q/21 |
| GDP From Mining | 2979 USD Million | 2.979 B USD | 1Q/21 |
| GDP From Public Administration | 3892 USD Million | 3.892 B USD | 1Q/21 |
| GDP From Services | 2995 USD Million | 2.995 B USD | 1Q/21 |
| GDP From Transport | 1005 USD Million | 1.005 B USD | 1Q/21 |
| GDP From Utilities | 786 USD Million | 0.786 B USD | 1Q/21 |
Budget Indicators
| Indicator | Data | Period |
|---|---|---|
| Government Debt to GDP | 69.6 % | 2020 |
| Government Spending | 39311 NAD Million | 2.736 USD Billion | 2020 |
| Government Debt | 111507 NAD Million | 7.759 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) | 146 index points | Jun/21 |
| Export Prices | 107 Index Points | 2019 |
| Food Inflation | 7.3 % | Jun/21 |
| GDP Deflator | 132 Index Points | 2020 |
| Import Prices | 97.7 Index Points | 2019 |
| Inflation Rate YoY | 4.1 % | Jun/21 |
| Inflation Rate Mom | 0.5 % | Jun/21 |
| CPI Housing Utilities | 135 Index Points | Jun/21 |
| CPI Transportation | 147 Index Points | Jun/21 |
Trade Indicators
| Indicator | Data | Period |
|---|---|---|
| Current Account to GDP | 1.9 % | 2020 |
| Balance of Trade | -8268 NAD Million | -0.575 USD Billion | 1Q/21 |
| Capital Flows | -3373 NAD Million | -0.235 USD Billion | 1Q/21 |
| Current Account | -4002 NAD Million | -0.278 USD Billion | 1Q/21 |
| Exports | 9029 NAD Million | 0.628 USD Billion | 1Q/21 |
| External Debt | 33065 NAD Million | 2.301 B USD | 2020 |
| Foreign Exchange Reserves | 39008 NAD Million | 2.714 USD Billion | May/21 |
| Imports | 17298 NAD Million | 1.204 USD Billion | 1Q/21 |
| Terms of Trade | 110 Index Points | 2019 |
Money Indicators
| Indicator | Data | Period |
|---|---|---|
| Interest Rate | 3.75 % | Jun/21 |
| Money Supply M0 | 8623 NAD Million | 0.6 B USD | May/21 |
| Money Supply M1 | 61386 NAD Million | 4.272 USD Billion | May/21 |
| Money Supply M2 | 121787 NAD Million | 8.475 USD Billion | May/21 |
| Central Bank Balance Sheet | 41862 NAD Million | 2.913 B USD | Apr/21 |
| Deposit Interest Rate | 4.16 % | 2020 |
| Foreign Direct Investment | 252 NAD Million | 0.018 B USD | 4Q/20 |
Labor Indicators
| Indicator | Data | Period |
|---|---|---|
| Unemployment Rate | 2.79 % | 2020 |
| 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 | -39 % | Mar/21 |
Business Indicators
| Indicator | Data | Period |
|---|---|---|
| Corruption Index | 51 index points | 2020 |
| Corruption Rank | 57 place | 2020 |
| 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 | 99451 NAD Million | 6.92 USD Billion | 2020 |
| Disposable Personal Income | 173907 NAD Million | 12.102 B USD | 2020 |
Government Debt
7.759
USD Billion
#57 from 65 countries
Balance of Trade
-0.575
USD Billion
#114 from 173 countries
Gold Reserves
N/A
N/A
#N/A from N/A countries
Foreign Exchange Reserves
2.714
USD Billion
#95 from
114 countries
Government Budget Value
N/A
N/A
#N/A from N/A countries
Inflation Rate
4.1
%
#60 from
174 countries
Interest Rate
3.75
%
#46 from
159 countries
Bank Lending Rate
N/A%
#N/A from
N/A countries
Unemployment Rate
2.79
%
#1 from
171 countries
Wages
N/A
N/A
#N/A from
N/A countries
