Markets Actual Q2 Q3 Q4 Q1 2021
Currency 16.86 17.01 17.18 17.36 17.55 17.91
Stock Market (points) 1083.69 1046 1018 991 965 912

Overview Actual Q2 Q3 Q4 Q1 2021
GDP Growth Rate (%) -0.86 -2.5 0.7 1.5 -0.8 1.3
GDP Annual Growth Rate (%) 1.60 -3.8 0.6 1 1.2 1.4
Unemployment Rate (%) 33.40 36 36 36 36.8 36.8
Inflation Rate (%) 1.60 3.5 3 2.6 2.3 3
Interest Rate (%) 4.25 4.25 4.25 4.25 4.25 4.5
Balance of Trade (NAD Million) -3429.50 -1450 -2440 -2600 -2600 -2500
Current Account (NAD Million) -562.20 300 -420 -700 -700 -1000
Current Account to GDP (%) -2.10 -1.9 -1.9 -1.9 -1.7 -1.7
Government Debt to GDP (%) 45.10 60 60 60 64 64
Government Budget (% of GDP) -4.40 -8.6 -8.6 -8.6 -7 -7
Corporate Tax Rate (%) 32.00 32 32 32 32 32
Personal Income Tax Rate (%) 37.00 37 37 37 37 37

GDP Actual Q2 Q3 Q4 Q1 2021
GDP Growth Rate (%) -0.86 -2.5 0.7 1.5 -0.8 1.3
GDP Annual Growth Rate (%) 1.60 -3.8 0.6 1 1.2 1.4
GDP (USD Billion) 15.00 15.39 16 16 18 18
GDP Constant Prices (NAD Million) 36293.00 35345 35974 36656 36729 37169
Gross National Product (NAD Million) 173649.85 177118 181091 175386 175734 177842
Gross Fixed Capital Formation (NAD Million) 30378.00 19592 20031 20171 20211 20453
GDP per capita (USD) 6073.20 5870 5870 5870 5760 5760
GDP per capita PPP (USD) 9897.63 9769 9769 9769 9769 10115
GDP From Agriculture (USD Million) 1578.00 1317 850 1594 1597 1616
GDP From Construction (USD Million) 862.00 678 809 871 872 883
GDP From Manufacturing (USD Million) 4542.00 5067 4505 4587 4597 4652
GDP From Mining (USD Million) 3496.00 2941 3442 3531 3538 3580
GDP From Public Administration (USD Million) 4414.00 3946 5154 4458 4467 4521
GDP From Transport (USD Million) 913.00 998 1102 922 924 935

Labour Actual Q2 Q3 Q4 Q1 2021
Unemployment Rate (%) 33.40 36 36 36 36.8 36.8
Population (Million) 2.46 2.56 2.56 2.56 2.6 2.6
Labor Force Participation Rate (%) 71.20 71 71 71 71 71.3
Employed Persons (Thousand) 725742.00 760000 760000 760000 760000 757000
Unemployed Persons (Thousand) 364411.00 372000 372000 372000 372000 373500
Youth Unemployment Rate (%) 46.10 48 48 48 48 47.2

Prices Actual Q2 Q3 Q4 Q1 2021
Inflation Rate (%) 1.60 3.5 3 2.6 2.3 3
Consumer Price Index CPI (points) 139.50 142 142 142 143 146
Food Inflation (%) 4.20 3.6 3.3 3 2.7 3.1
Import Prices (points) 101.90 103 103 103 103 103
Inflation Rate Mom (%) -0.30 0.6 0.3 0.5 0.3 0.5
Export Prices (points) 105.10 106 106 106 106 106
Cpi Housing Utilities (points) 133.22 139 139 139 137 143
CPI Transportation (points) 132.87 140 141 141 141 145

Money Actual Q2 Q3 Q4 Q1 2021
Interest Rate (%) 4.25 4.25 4.25 4.25 4.25 4.5
Foreign Exchange Reserves (NAD Million) 32973.90 35700 35300 35600 35600 36400
Deposit Interest Rate (%) 5.70 5.9 5.9 5.4 5.9 5.4
Lending Rate (%) 8.00 10.25 10.25 10.25 10.25 10.25
Money Supply M0 (NAD Million) 7800.16 8600 8600 8600 8600 8030
Central Bank Balance Sheet (NAD Million) 31564.40 33600 37200 37300 37300 38500

Trade Actual Q2 Q3 Q4 Q1 2021
Balance of Trade (NAD Million) -3429.50 -1450 -2440 -2600 -2600 -2500
Current Account (NAD Million) -562.20 300 -420 -700 -700 -1000
Current Account to GDP (%) -2.10 -1.9 -1.9 -1.9 -1.7 -1.7
Imports (NAD Million) 18833.50 14800 21200 20300 20300 21000
Exports (NAD Million) 15404.10 13350 18760 17700 17700 18500
Capital Flows (NAD Million) -324.90 -700 -700 -700 -700 -1620
Foreign Direct Investment (NAD Million) -679.40 1480 900 1550 1550 1650
External Debt (NAD Million) 32155.60 36400 36400 36400 36400 35700
Terms Of Trade (points) 103.20 104 104 104 104 104
Tourist Arrivals (Persons) 1530246.00 1610000 1610000 1610000 1640000 1640000

Government Actual Q2 Q3 Q4 Q1 2021
Government Debt to GDP (%) 45.10 60 60 60 64 64
Government Budget (% of GDP) -4.40 -8.6 -8.6 -8.6 -7 -7
Government Spending (NAD Million) 39480.00 27396 28011 28206 28262 28601
Government Debt (NAD Million) 86647.30 97000 97000 97000 97000 97000
Military Expenditure (USD Million) 436.00 380 380 380 380 420

Taxes Actual Q2 Q3 Q4 Q1 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 Q2 Q3 Q4 Q1 2021
Mining Production (%) 2.50 4.8 12 15 15 25

Consumer Actual Q2 Q3 Q4 Q1 2021
Consumer Spending (NAD Million) 107747.00 85739 87662 88274 88449 89510
Disposable Personal Income (NAD Million) 142724.00 140012 143152 144151 144437 146169


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.