Markets Actual Q1 Q2 Q3 Q4 2020
Stock Market (points) 1315.30 1289 1271 1254 1237 1204
Currency 14.45 14.37 14.52 14.68 14.83 15.15
Overview Actual Q1 Q2 Q3 Q4 2020
GDP Growth Rate (%) -0.86 -0.3 -0.6 0.7 1.4 1.6
GDP Annual Growth Rate (%) -0.80 -1.2 0.3 0.6 0.8 1.3
Unemployment Rate (%) 33.40 33.8 33.8 33.8 33.8 34.6
Inflation Rate (%) 2.60 3.4 3.7 3.8 3.8 4
Interest Rate (%) 6.50 6.25 6.25 6 6 5.5
Balance of Trade (NAD Million) -5645.80 -1900 -1450 -2440 -2600 -2500
Current Account (NAD Million) -1053.40 1300 300 -420 -700 -1000
Current Account to GDP (%) -2.10 -1.9 -1.9 -1.9 -1.9 -1.7
Government Debt to GDP (%) 45.10 51 51 51 51 52
Government Budget (% of GDP) -4.40 -3.8 -3.8 -3.8 -3.8 -3.5
Corporate Tax Rate (%) 32.00 32 32 32 32 32
Personal Income Tax Rate (%) 37.00 37 37 37 37 37
GDP Actual Q1 Q2 Q3 Q4 2020
GDP Growth Rate (%) -0.86 -0.3 -0.6 0.7 1.4 1.6
GDP Annual Growth Rate (%) -0.80 -1.2 0.3 0.6 0.8 1.3
GDP (USD Billion) 14.52 16 16 16 16 18
GDP Constant Prices (NAD Million) 35986.00 34746 35790 36094 36274 36745
Gross National Product (NAD Million) 180548.92 178382 180820 181091 181993 184359
Gross Fixed Capital Formation (NAD Million) 19971.00 19731 20001 20031 20131 20392
GDP per capita (USD) 6073.20 5870 5870 5870 5870 5760
GDP per capita PPP (USD) 9897.63 10150 9509 9509 9426 9426
GDP From Agriculture (USD Million) 909.40 787 1351 912 917 929
GDP From Construction (USD Million) 914.10 768 773 917 921 933
GDP From Manufacturing (USD Million) 4541.60 4506 4728 4555 4578 4637
GDP From Mining (USD Million) 3419.42 3691 3037 3430 3447 3492
GDP From Public Administration (USD Million) 5226.40 3977 4094 5242 5268 5337
GDP From Transport (USD Million) 1103.86 1231 1005 1107 1113 1127
Labour Actual Q1 Q2 Q3 Q4 2020
Unemployment Rate (%) 33.40 33.8 33.8 33.8 33.8 34.6
Population (Million) 2.48 2.56 2.56 2.56 2.56 2.6
Unemployed Persons (Thousand) 364411.00 372000 372000 372000 372000 373500
Youth Unemployment Rate (%) 46.10 48 48 48 48 47.2
Labor Force Participation Rate (%) 71.20 71 71 71 71 71.3
Employed Persons (Thousand) 725742.00 760000 760000 760000 760000 757000
Prices Actual Q1 Q2 Q3 Q4 2020
Inflation Rate (%) 2.60 3.4 3.7 3.8 3.8 4
Consumer Price Index CPI (points) 138.54 141 142 143 144 150
Food Inflation (%) 1.70 4 4.3 4.5 4.4 4.7
Inflation Rate Mom (%) -0.10 0.3 0.2 0.2 0.1 0.3
Cpi Housing Utilities (points) 135.16 138 139 140 140 146
CPI Transportation (points) 137.55 136 141 142 143 148
Money Actual Q1 Q2 Q3 Q4 2020
Interest Rate (%) 6.50 6.25 6.25 6 6 5.5
Foreign Exchange Reserves (NAD Million) 29752.38 34800 35700 35300 35600 36400
Deposit Interest Rate (%) 5.90 5.4 5.65 5.65 5.4 5.4
Lending Rate (%) 10.25 10 10 9.75 9.75 9.75
Money Supply M0 (NAD Million) 7121.41 8028 8600 8600 8600 8030
Central Bank Balance Sheet (NAD Million) 34109.60 38000 33600 37200 37300 38500
Trade Actual Q1 Q2 Q3 Q4 2020
Balance of Trade (NAD Million) -5645.80 -1900 -1450 -2440 -2600 -2500
Current Account (NAD Million) -1053.40 1300 300 -420 -700 -1000
Current Account to GDP (%) -2.10 -1.9 -1.9 -1.9 -1.9 -1.7
Imports (NAD Million) 19842.60 16400 14800 21200 20300 21000
Exports (NAD Million) 14196.80 14500 13350 18760 17700 18500
Capital Flows (NAD Million) -392.50 -1333 -700 -700 -700 -1620
Tourist Arrivals (Persons) 1530246.00 1610000 1610000 1610000 1610000 1648000
Foreign Direct Investment (NAD Million) -679.40 2300 1480 900 1550 1650
External Debt (NAD Million) 32155.60 36400 36400 36400 36400 35700
Government Actual Q1 Q2 Q3 Q4 2020
Government Debt to GDP (%) 45.10 51 51 51 51 52
Government Budget (% of GDP) -4.40 -3.8 -3.8 -3.8 -3.8 -3.5
Government Spending (NAD Million) 27927.00 27592 27969 28011 28150 28516
Government Debt (NAD Million) 86647.30 97000 97000 97000 97000 97000
Military Expenditure (USD Million) 436.00 380 380 380 380 420
Taxes Actual Q1 Q2 Q3 Q4 2020
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 Q1 Q2 Q3 Q4 2020
Mining Production (%) 2.50 -5 4.8 12 15 25
Consumer Actual Q1 Q2 Q3 Q4 2020
Consumer Spending (NAD Million) 87400.00 86351 87531 87662 88099 89244
Disposable Personal Income (NAD Million) 142724.00 141011 142938 143152 143866 145736


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.