The Gross Domestic Product (GDP) in Namibia contracted 6.11 percent in the first quarter of 2021 over the previous quarter. source: Central Bureau of Statistics, Namibia

GDP Growth Rate in Namibia averaged 1.34 percent from 2004 until 2021, 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 July of 2021.

GDP Growth Rate in Namibia is expected to be -4.00 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 -1.50 in 12 months time. In the long-term, the Namibia GDP Growth Rate is projected to trend around 0.30 percent in 2022 and 0.70 percent in 2023, according to our econometric models.

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Namibia GDP Growth Rate

Actual Previous Highest Lowest Dates Unit Frequency
-6.11 7.42 29.90 -8.80 2004 - 2021 percent Quarterly

Namibia GDP Last Previous Highest Lowest Unit
GDP Growth Rate -6.11 7.42 29.90 -8.80 percent [+]
GDP Annual Growth Rate -6.50 -5.90 21.00 -11.90 percent [+]
GDP 10.70 12.57 13.68 1.61 USD Billion [+]
GDP Constant Prices 31938.70 35203.70 37415.90 10269.00 NAD Million [+]
Gross National Product 173343.23 173649.85 180548.92 1417.00 NAD Million [+]
Gross Fixed Capital Formation 19654.00 23377.00 47668.00 2916.00 NAD Million [+]
GDP per capita 5312.95 5881.29 6369.72 3551.98 USD [+]
GDP per capita PPP 8893.81 9845.21 10662.83 5945.97 USD [+]
GDP From Agriculture 930.20 1777.20 2887.40 643.00 USD Million [+]
GDP From Construction 537.80 747.60 2065.90 167.00 USD Million [+]
GDP From Manufacturing 3001.20 4230.70 5192.50 1292.00 USD Million [+]
GDP From Mining 2979.30 2899.60 4015.10 1075.00 USD Million [+]
GDP From Public Administration 3891.70 4435.20 5111.50 839.00 USD Million [+]
GDP From Services 2995.30 3112.80 4428.70 1849.00 USD Million [+]
GDP From Transport 1005.00 807.00 1594.12 323.00 USD Million [+]
GDP From Utilities 786.30 1015.80 1015.80 158.60 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.