The Gross Domestic Product (GDP) in Namibia contracted 0.72 percent in the third quarter of 2020 over the previous quarter. source: Central Bureau of Statistics, Namibia

GDP Growth Rate in Namibia averaged 1.43 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 February of 2021.

GDP Growth Rate in Namibia is expected to be 0.50 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 -0.60 in 12 months time. In the long-term, the Namibia GDP Growth Rate is projected to trend around 1.00 percent in 2021 and 0.70 percent in 2022, according to our econometric models.

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Namibia GDP Growth Rate

Actual Previous Highest Lowest Dates Unit Frequency
-0.72 -7.47 29.90 -8.80 2004 - 2020 percent Quarterly

Namibia GDP Last Previous Highest Lowest Unit
GDP Growth Rate -0.72 -7.47 29.90 -8.80 percent [+]
GDP Annual Growth Rate -10.50 -10.10 21.00 -10.50 percent [+]
GDP 12.37 13.45 13.45 1.61 USD Billion [+]
GDP Constant Prices 32169.00 32024.80 37405.30 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 1006.40 2594.50 2887.40 643.00 USD Million [+]
GDP From Construction 967.40 712.40 2065.90 167.00 USD Million [+]
GDP From Manufacturing 3438.80 3715.70 5162.00 1292.00 USD Million [+]
GDP From Mining 2377.30 2937.80 4024.20 1075.00 USD Million [+]
GDP From Public Administration 5110.10 3818.10 5139.30 839.00 USD Million [+]
GDP From Services 2843.30 2813.50 4428.70 1849.00 USD Million [+]
GDP From Transport 845.00 708.00 1594.12 323.00 USD Million [+]
GDP From Utilities 619.20 725.40 852.80 158.60 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.