Namibia GDP Growth Rate

The Gross Domestic Product (GDP) in Namibia contracted 1.73 percent in the fourth quarter of 2018 over the previous quarter. GDP Growth Rate in Namibia averaged 1.20 percent from 2004 until 2018, reaching an all time high of 13.30 percent in the third quarter of 2007 and a record low of -8.80 percent in the fourth quarter of 2004.

GDP Growth Rate in Namibia is expected to be 0.30 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 2.10 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	Last	Previous	Highest	Lowest	Unit
GDP Growth Rate	-1.73	-1.45	13.30	-8.80	percent	[+]
GDP Annual Growth Rate	-1.70	-0.10	21.00	-6.10	percent	[+]
GDP	13.24	11.31	13.24	1.62	USD Billion	[+]
GDP Constant Prices	27280.10	27441.20	28297.50	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	5854.86	6029.00	6120.70	3509.40	USD	[+]
GDP per capita PPP	9541.81	9825.60	9975.13	5719.30	USD	[+]
GDP From Agriculture	1030.60	1061.90	1492.00	643.00	USD Million	[+]
GDP From Construction	1201.70	990.50	1961.10	167.00	USD Million	[+]
GDP From Manufacturing	2691.20	2757.60	3378.00	1292.00	USD Million	[+]
GDP From Mining	2813.00	2455.70	2964.00	1075.00	USD Million	[+]
GDP From Public Administration	3055.20	3421.00	4024.40	839.00	USD Million	[+]
GDP From Services	2257.80	2256.30	2257.80	1578.80	USD Million	[+]
GDP From Transport	1464.49	1328.07	1594.12	323.00	USD Million	[+]
GDP From Utilities	459.60	470.90	620.60	158.60	USD Million	[+]

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. This page provides - Namibia GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Namibia GDP Growth Rate - actual data, historical chart and calendar of releases - was last updated on April of 2019.

	Actual	Previous	Highest	Lowest	Dates	Unit	Frequency
	-1.73	-1.45	13.30	-8.80	2004 - 2018	percent	Quarterly

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Country	Last		Previous	Range
United States	2.20	Dec/18	3.4	16.7 : -10	%
Singapore	2.00	Mar/19	1.4	36.1 : -13.4	%
India	1.60	Dec/18	1.5	5.4 : -1.7	%
Saudi Arabia	1.60	Sep/18	0.6	8.8 : -2.3	%
China	1.40	Mar/19	1.5	2.4 : 1.4	%
South Africa	1.40	Dec/18	2.6	7.6 : -6.1	%
South Korea	1.00	Dec/18	0.6	7.8 : -7	%
Russia	0.80	Dec/18	0.7	4.1 : -5.4	%
Spain	0.60	Dec/18	0.5	1.6 : -1.6	%
Japan	0.50	Dec/18	-0.6	3.2 : -4.8	%
Netherlands	0.50	Dec/18	0.2	1.7 : -3.6	%
France	0.30	Dec/18	0.3	8 : -5.3	%
Australia	0.20	Dec/18	0.3	4.4 : -2	%
Euro Area	0.20	Dec/18	0.1	1.3 : -3	%
Mexico	0.20	Dec/18	0.6	3.2 : -5.7	%
Switzerland	0.20	Dec/18	-0.3	2.4 : -1.9	%
United Kingdom	0.20	Dec/18	0.7	5 : -2.7	%
Brazil	0.10	Dec/18	0.5	4 : -3.9	%
Canada	0.10	Dec/18	0.5	3.1 : -2.3	%
Germany	0.00	Dec/18	-0.2	4 : -4.5	%
Italy	-0.10	Dec/18	-0.1	6 : -2.7	%
Argentina	-1.20	Dec/18	-0.5	5 : -5.7	%
Indonesia	-1.69	Dec/18	3.09	4.21 : -3.57	%
Turkey	-2.40	Dec/18	-1.6	5.6 : -5.2	%