The Gross Domestic Product (GDP) in Namibia contracted 0.86 percent in the third quarter of 2019 over the previous quarter.

GDP Growth Rate in Namibia averaged 1.68 percent from 2004 until 2019, 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.

GDP Growth Rate in Namibia is expected to be -2.00 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 0.70 in 12 months time. In the long-term, the Namibia GDP Growth Rate is projected to trend around 1.60 percent in 2020, according to our econometric models.


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Namibia GDP Growth Rate

Actual Previous Highest Lowest Dates Unit Frequency
-0.86 1.84 29.90 -8.80 2004 - 2019 percent Quarterly

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.

Namibia GDP Last Previous Highest Lowest Unit
GDP Growth Rate -0.86 1.84 29.90 -8.80 percent [+]
GDP Annual Growth Rate -0.80 -2.90 21.00 -6.10 percent [+]
GDP 14.52 13.57 14.52 1.61 USD Billion [+]
GDP Constant Prices 35986.00 35736.00 37222.60 10269.00 NAD Million [+]
Gross National Product 180548.92 173754.81 180548.92 1417.00 NAD Million [+]
Gross Fixed Capital Formation 19971.00 23147.00 42913.00 2916.00 NAD Million [+]
GDP per capita 6073.20 6193.20 6412.10 3505.60 USD [+]
GDP per capita PPP 9897.63 10093.23 10449.95 5713.20 USD [+]
GDP From Agriculture 909.40 1348.60 2721.90 643.00 USD Million [+]
GDP From Construction 914.10 771.80 2065.50 167.00 USD Million [+]
GDP From Manufacturing 4541.60 4721.10 4740.90 1292.00 USD Million [+]
GDP From Mining 3419.42 3032.93 4014.94 1075.00 USD Million [+]
GDP From Public Administration 5226.40 4087.90 5226.40 839.00 USD Million [+]
GDP From Services 3174.70 3794.00 4400.40 1849.00 USD Million [+]
GDP From Transport 1103.86 1003.35 1335.62 323.00 USD Million [+]
GDP From Utilities 516.10 743.70 834.50 158.60 USD Million [+]