Namibia recorded a Current Account deficit of 1053.40 NAD Million in the third quarter of 2019. Current Account in Namibia averaged -923.47 NAD Million from 1999 until 2019, reaching an all time high of 2409 NAD Million in the fourth quarter of 2006 and a record low of -7961.10 NAD Million in the fourth quarter of 2016. source: Bank of Namibia

Current Account in Namibia is expected to be -850.00 NAD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Current Account in Namibia to stand at -420.00 in 12 months time. In the long-term, the Namibia Current Account is projected to trend around -1000.00 NAD Million in 2020, according to our econometric models.


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Namibia Current Account

Actual Previous Highest Lowest Dates Unit Frequency
-1053.40 -3098.80 2409.00 -7961.10 1999 - 2019 NAD Million Quarterly
Current Prices, NSA


Namibia Current Account
Current Account is the sum of the balance of trade (exports minus imports of goods and services), net factor income (such as interest and dividends) and net transfer payments (such as foreign aid).

Namibia Trade Last Previous Highest Lowest Unit
Balance of Trade -5645.80 -6145.80 577.60 -11476.60 NAD Million [+]
Current Account -1053.40 -3098.80 2409.00 -7961.10 NAD Million [+]
Current Account to GDP -2.10 -5.10 13.80 -15.50 percent [+]
Imports 19842.60 19954.30 21573.30 1991.60 NAD Million [+]
Exports 14196.80 13808.50 15387.80 1559.20 NAD Million [+]
Capital Flows -392.50 -610.90 1916.80 -8763.70 NAD Million [+]
Terms Of Trade 136.20 125.00 136.20 93.70 points [+]
Terrorism Index 0.00 0.00 3.03 0.00 [+]
Tourist Arrivals 1530246.00 1499442.00 1530246.00 777890.00 Persons [+]
Foreign Direct Investment -679.40 1823.80 6789.40 -2373.20 NAD Million [+]
External Debt 32155.60 26425.90 32155.60 2873.30 NAD Million [+]