The Gross Domestic Product (GDP) in Namibia contracted 2.59 percent in the first quarter of 2020 over the previous quarter.

GDP Growth Rate in Namibia averaged 1.60 percent from 2004 until 2020, reaching an all time high of 29.90 percent in the first quarter of 2013 and a record low of -8.80 percent in the fourth quarter of 2004. This page provides - Namibia GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Namibia GDP Growth Rate - values, historical data and charts - was last updated on September of 2020.

GDP Growth Rate in Namibia is expected to be -3.70 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Growth Rate in Namibia to stand at -2.50 in 12 months time. In the long-term, the Namibia GDP Growth Rate is projected to trend around -2.50 percent in 2021 and 0.60 percent in 2022, according to our econometric models.

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Namibia GDP Growth Rate

Actual Previous Highest Lowest Dates Unit Frequency
-2.59 0.59 29.90 -8.80 2004 - 2020 percent Quarterly

Namibia GDP Last Previous Highest Lowest Unit
GDP Growth Rate -2.59 0.59 29.90 -8.80 percent [+]
GDP Annual Growth Rate -0.80 2.30 21.00 -6.10 percent [+]
GDP 12.37 13.45 13.45 1.61 USD Billion [+]
GDP Constant Prices 34971.00 36580.00 37222.60 10269.00 NAD Million [+]
Gross National Product 173649.85 180548.92 180548.92 1417.00 NAD Million [+]
Gross Fixed Capital Formation 30378.00 30334.00 47710.00 2916.00 NAD Million [+]
GDP per capita 5766.00 5942.40 6274.80 3501.30 USD [+]
GDP per capita PPP 9637.20 9932.00 10487.50 5852.00 USD [+]
GDP From Agriculture 722.00 1586.00 2721.90 643.00 USD Million [+]
GDP From Construction 894.00 953.00 2065.50 167.00 USD Million [+]
GDP From Manufacturing 4263.00 4546.00 5164.00 1292.00 USD Million [+]
GDP From Mining 3602.00 3496.00 4014.94 1075.00 USD Million [+]
GDP From Public Administration 3863.00 4414.00 5139.00 839.00 USD Million [+]
GDP From Services 3455.00 3550.00 4400.40 1849.00 USD Million [+]
GDP From Transport 1160.00 914.00 1335.62 323.00 USD Million [+]
GDP From Utilities 775.00 617.00 849.00 158.60 USD Million [+]


Namibia GDP Growth Rate
Namibia has one of the biggest GDP per capita in Africa. Yet, due to an uneven distribution of income, half of the population lives below the poverty line. The Namibian economy is dependent on the extraction and processing of minerals like diamonds, uranium, lead, zinc, tin, silver, and tungsten. Subsistence agriculture is the main source of income for 50% of Namibians.