Namibia recorded a Current Account surplus of 1.90 percent of the country's Gross Domestic Product in 2020. source: Bank of Namibia

Current Account to GDP in Namibia averaged 0.58 percent from 1990 until 2020, reaching an all time high of 13.80 percent in 2006 and a record low of -15.50 percent in 2016. This page provides - Namibia Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. Namibia Current Account to GDP - values, historical data and charts - was last updated on September of 2022.

Current Account to GDP in Namibia is expected to reach -8.50 percent of GDP by the end of 2022, according to Trading Economics global macro models and analysts expectations. In the long-term, the Namibia Current Account to GDP is projected to trend around -7.00 percent of GDP in 2023 and -5.80 percent of GDP in 2024, according to our econometric models.

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Namibia Current Account to GDP



Related Last Previous Unit Reference
Balance of Trade -10046.58 -5713.00 NAD Million Mar 2022
Current Account -7278.10 -3080.00 NAD Million Mar 2022
Current Account to GDP -9.10 2.80 percent of GDP Dec 2021
Exports 12392.38 17472.54 NAD Million Mar 2022
Imports 22438.96 22821.24 NAD Million Mar 2022
Capital Flows -7423.50 -1746.40 NAD Million Mar 2022
Foreign Direct Investment 450.00 1960.00 NAD Million Jun 2021
External Debt 33065.00 30852.00 NAD Million Dec 2020

Namibia Current Account to GDP
The Current account balance as a percent of GDP provides an indication on the level of international competitiveness of a country. Usually, countries recording a strong current account surplus have an economy heavily dependent on exports revenues, with high savings ratings but weak domestic demand. On the other hand, countries recording a current account deficit have strong imports, a low saving rates and high personal consumption rates as a percentage of disposable incomes.
Actual Previous Highest Lowest Dates Unit Frequency
-9.10 2.80 13.80 -16.10 1990 - 2021 percent of GDP Yearly