The Gross Domestic Product (GDP) in Namibia expanded 0.62 percent in the first quarter of 2019 over the previous quarter. GDP Growth Rate in Namibia averaged 1.19 percent from 2004 until 2019, 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 -0.90 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 -0.30 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.

Namibia GDP Growth Rate
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Namibia GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.62 -1.73 13.30 -8.80 percent [+]
GDP Annual Growth Rate -2.00 -1.90 21.00 -6.10 percent [+]
GDP 13.24 11.31 13.24 1.62 USD Billion [+]
GDP Constant Prices 27026.00 27204.70 28302.10 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 924.60 974.80 1492.00 643.00 USD Million [+]
GDP From Construction 788.60 831.10 1961.10 167.00 USD Million [+]
GDP From Manufacturing 2833.90 2775.50 3378.00 1292.00 USD Million [+]
GDP From Mining 2992.00 2970.90 3445.40 1075.00 USD Million [+]
GDP From Public Administration 3265.40 3055.20 4024.40 839.00 USD Million [+]
GDP From Services 2257.80 2257.80 2257.80 1578.80 USD Million [+]
GDP From Transport 1425.24 1464.49 1594.12 323.00 USD Million [+]
GDP From Utilities 593.10 507.20 621.00 158.60 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. 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 June of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
0.62 -1.73 13.30 -8.80 2004 - 2019 percent Quarterly




Country Last Previous
Singapore 3.80 Mar/19
United States 3.10 Mar/19
India 1.60 Dec/18
China 1.40 Mar/19
Turkey 1.30 Mar/19
Saudi Arabia 1.07 Dec/18
Russia 0.80 Dec/18
Spain 0.70 Mar/19
Japan 0.60 Mar/19
Switzerland 0.60 Mar/19
Netherlands 0.50 Mar/19
United Kingdom 0.50 Mar/19
Australia 0.40 Mar/19
Euro Area 0.40 Mar/19
Germany 0.40 Mar/19
France 0.30 Mar/19
Canada 0.10 Mar/19
Italy 0.10 Mar/19
Argentina -0.20 Mar/19
Brazil -0.20 Mar/19
Mexico -0.20 Mar/19
South Korea -0.40 Mar/19
Indonesia -0.52 Mar/19
South Africa -3.20 Mar/19


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