Namibia recorded a Current Account deficit of 4001.50 NAD Million in the first quarter of 2021. source: Bank of Namibia

Current Account in Namibia averaged -896.28 NAD Million from 1999 until 2021, reaching an all time high of 4704.90 NAD Million in the second quarter of 2020 and a record low of -7961.10 NAD Million in the fourth quarter of 2016. This page provides the latest reported value for - Namibia Current Account - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Namibia Current Account - values, historical data and charts - was last updated on October of 2021.

Current Account in Namibia is expected to be -700.00 NAD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Current Account in Namibia to stand at 2000.00 in 12 months time. In the long-term, the Namibia Current Account is projected to trend around -700.00 NAD Million in 2022 and -1500.00 NAD Million in 2023, according to our econometric models.

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Namibia Current Account

Namibia Last Unit Reference Previous Highest Lowest
Balance of Trade -8268.41 NAD Million Mar/21 -3476.34 793.00 -11476.60
Current Account -4001.50 NAD Million Mar/21 -855.50 4704.90 -7961.10
Current Account to GDP 1.90 percent of GDP Dec/20 -1.70 13.80 -16.10
Exports 9029.32 NAD Million Mar/21 15671.48 15893.10 1559.20
Imports 17297.74 NAD Million Mar/21 19147.82 21573.30 1991.60
Capital Flows -3373.10 NAD Million Mar/21 -2634.50 5217.80 -7180.20
Foreign Direct Investment 1822.87 NAD Million Mar/21 140.28 6789.40 -1757.08
External Debt 33065.00 NAD Million Dec/20 30852.00 33065.00 2873.30

Namibia Current Account
Current Account is the sum of the balance of trade (exports minus imports of goods and services), net factor income (such as interest and dividends) and net transfer payments (such as foreign aid).