Namibia recorded a Current Account deficit of 12.3 percent of the country's Gross Domestic Product in 2022. source: Bank of Namibia

Current Account to GDP in Namibia averaged -0.11 percent of GDP from 1990 until 2022, reaching an all time high of 13.80 percent of GDP in 2006 and a record low of -16.10 percent of GDP 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 June of 2023.

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Namibia Current Account to GDP

Related Last Previous Unit Reference
Balance of Trade -5317.69 -12073.30 NAD Million Dec 2022
Current Account to GDP -12.30 -9.90 percent of GDP Dec 2022
Current Account -2655.50 -8353.00 NAD Million Dec 2022
Imports 27386.89 29136.74 NAD Million Dec 2022
Exports 22069.20 17063.44 NAD Million Dec 2022
Capital Flows -2971.70 -6358.60 NAD Million Dec 2022
Foreign Direct Investment 5021.30 4597.30 NAD Million Dec 2022
External Debt 32502.00 33065.00 NAD Million Dec 2021

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.
Actual Previous Highest Lowest Dates Unit Frequency
-12.30 -9.90 13.80 -16.10 1990 - 2022 percent of GDP Yearly