Markets Actual Q3 Q4 Q1 Q2 2021
Currency 17.12 17.05 17.23 17.41 17.59 17.96
Stock Market (points) 1038.40 1022 995 969 943 891

Overview Actual Q3 Q4 Q1 Q2 2021
GDP Growth Rate (%) -7.47 -3.7 -3.5 -3 -2.5 -2.5
GDP Annual Growth Rate (%) -11.10 -7 -8.5 -3 1.2 2.3
Unemployment Rate (%) 33.40 36 36 36.8 36.8 36.8
Inflation Rate (%) 2.40 1.7 2 2.3 2.5 3
Interest Rate (%) 3.75 3.75 3.75 3.5 3.5 3.25
Balance of Trade (NAD Million) -5954.86 -2800 -2000 -4800 -4100 -4550
Current Account (NAD Million) -432.10 -1600 -1400 -700 -700 -700
Current Account to GDP (%) -2.30 -4 -4 -3.5 -3.5 -3.5
Government Debt to GDP (%) 53.30 70 70 64 64 64
Government Budget (% of GDP) -4.50 -8 -8 -7.2 -7.2 -7.2
Corporate Tax Rate (%) 32.00 32 32 32 32 32
Personal Income Tax Rate (%) 37.00 37 37 37 37 37

GDP Actual Q3 Q4 Q1 Q2 2021
GDP Growth Rate (%) -7.47 -3.7 -3.5 -3 -2.5 -2.5
GDP Annual Growth Rate (%) -11.10 -7 -8.5 -3 1.2 2.3
GDP (USD Billion) 12.37 10.3 10.3 11 11 11
GDP Constant Prices (NAD Million) 32024.80 34741 33921 32998 32409 34701
Gross National Product (NAD Million) 173649.85 174230 158890 168440 175734 162544
Gross Fixed Capital Formation (NAD Million) 30378.00 29272 27796 29467 30743 28435
GDP per capita (USD) 5766.00 5200 5200 4800 4800 4800
GDP per capita PPP (USD) 9637.20 9250 9250 9410 9410 9410
GDP From Agriculture (USD Million) 2419.80 823 1451 700 731 1485
GDP From Construction (USD Million) 752.90 853 872 867 905 892
GDP From Manufacturing (USD Million) 3565.80 4334 4160 4135 4314 4255
GDP From Mining (USD Million) 2918.40 3312 3199 3494 3645 3272
GDP From Public Administration (USD Million) 3818.10 4959 4039 3747 3909 4132
GDP From Transport (USD Million) 1160.00 1063 836 1125 1174 856

Labour Actual Q3 Q4 Q1 Q2 2021
Unemployment Rate (%) 33.40 36 36 36.8 36.8 36.8
Population (Million) 2.46 2.56 2.56 2.6 2.6 2.6
Labor Force Participation Rate (%) 71.20 71 71 71.3 71.3 71.3
Employed Persons (Thousand) 725742.00 630000 630000 670000 670000 670000
Unemployed Persons (Thousand) 364411.00 385000 385000 380000 380000 380000
Youth Unemployment Rate (%) 46.10 48.8 48.8 48 48 48

Prices Actual Q3 Q4 Q1 Q2 2021
Inflation Rate (%) 2.40 1.7 2 2.3 2.5 3
Consumer Price Index CPI (points) 141.12 141 141 143 144 146
Food Inflation (%) 6.80 6.6 6.4 5 4.7 4
Import Prices (points) 97.70 97 97 97.6 97.6 97.6
Inflation Rate Mom (%) 0.40 -0.3 0.2 0.3 0.5 0.5
Export Prices (points) 107.20 106 106 107 107 107
Cpi Housing Utilities (points) 132.93 137 138 137 137 142
CPI Transportation (points) 137.90 139 140 141 138 145

Money Actual Q3 Q4 Q1 Q2 2021
Interest Rate (%) 3.75 3.75 3.75 3.5 3.5 3.25
Foreign Exchange Reserves (NAD Million) 35399.57 35300 35000 35600 34000 35000
Deposit Interest Rate (%) 5.70 5.7 5.7 5.45 5.45 5.45
Lending Rate (%) 7.50 7.5 7.5 7.25 7.25 7.25
Money Supply M0 (NAD Million) 7405.14 8600 8600 8600 8600 8030
Central Bank Balance Sheet (NAD Million) 35706.60 36000 35000 36700 36500 37000

Trade Actual Q3 Q4 Q1 Q2 2021
Balance of Trade (NAD Million) -5954.86 -2800 -2000 -4800 -4100 -4550
Current Account (NAD Million) -432.10 -1600 -1400 -700 -700 -700
Current Account to GDP (%) -2.30 -4 -4 -3.5 -3.5 -3.5
Imports (NAD Million) 16789.20 13000 14500 16800 17500 18000
Exports (NAD Million) 10834.34 10200 12500 12000 13400 13450
Capital Flows (NAD Million) 1347.50 -1200 -1000 1300 300 -750
Foreign Direct Investment (NAD Million) -2082.35 -1500 -2000 -1400 1400 1200
External Debt (NAD Million) 32155.60 38500 38500 38000 38000 38000
Terms Of Trade (points) 109.70 109 109 110 110 110
Tourist Arrivals (Persons) 1595973.00 1300000 1300000 1450000 1450000 1450000

Government Actual Q3 Q4 Q1 Q2 2021
Government Debt to GDP (%) 53.30 70 70 64 64 64
Government Budget (% of GDP) -4.50 -8 -8 -7.2 -7.2 -7.2
Government Spending (NAD Million) 39480.00 37948 36124 38296 39954 36955
Government Debt (NAD Million) 86647.30 97000 97000 97000 97000 97000
Military Expenditure (USD Million) 436.00 380 380 380 380 420

Taxes Actual Q3 Q4 Q1 Q2 2021
Corporate Tax Rate (%) 32.00 32 32 32 32 32
Personal Income Tax Rate (%) 37.00 37 37 37 37 37
Sales Tax Rate (%) 15.00 15 15 15 15 15

Business Actual Q3 Q4 Q1 Q2 2021
Mining Production (%) 2.80 -7 -10 12 5 6

Consumer Actual Q3 Q4 Q1 Q2 2021
Consumer Spending (NAD Million) 107747.00 99727 98589 104515 109040 100856
Disposable Personal Income (NAD Million) 131952.00 128678 120736 127993 133535 123513


This page has economic forecasts for Namibia including a long-term outlook for the next decades, plus medium-term expectations for the next four quarters and short-term market predictions for the next release affecting the Namibia economy.