Namibia recorded a Current Account deficit of 2.10 percent of the country's Gross Domestic Product in 2018.

Current Account to GDP in Namibia averaged 0.66 percent from 1990 until 2018, reaching an all time high of 13.80 percent in 2006 and a record low of -15.50 percent in 2016. This page provides - Namibia Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. Namibia Current Account to GDP - values, historical data and charts - was last updated on September of 2020.

Current Account to GDP in Namibia is expected to reach -1.90 percent by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Namibia Current Account to GDP is projected to trend around -1.70 percent in 2021 and -2.00 percent in 2022, according to our econometric models.

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Namibia Current Account to GDP

Actual Previous Highest Lowest Dates Unit Frequency
-2.10 -5.10 13.80 -15.50 1990 - 2018 percent Yearly

Namibia Trade Last Previous Highest Lowest Unit
Balance of Trade -3429.50 -6436.10 577.60 -11476.60 NAD Million [+]
Current Account -432.10 -562.20 2409.00 -7961.10 NAD Million [+]
Current Account to GDP -2.10 -5.10 13.80 -15.50 percent [+]
Imports 18833.50 20028.20 21573.30 1991.60 NAD Million [+]
Exports 15404.10 13592.10 15893.10 1559.20 NAD Million [+]
Capital Flows 1347.50 -324.90 1916.80 -8763.70 NAD Million [+]
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 [+]
Terms Of Trade 103.20 102.90 111.40 83.60 points [+]
Terrorism Index 0.00 0.00 3.03 0.00 [+]
Tourist Arrivals 1530246.00 1499442.00 1530246.00 777890.00 Persons [+]


Namibia Current Account to GDP
The Current account balance as a percent of GDP provides an indication on the level of international competitiveness of a country. Usually, countries recording a strong current account surplus have an economy heavily dependent on exports revenues, with high savings ratings but weak domestic demand. On the other hand, countries recording a current account deficit have strong imports, a low saving rates and high personal consumption rates as a percentage of disposable incomes.