Namibia's economy contracted by 1.45 percent quarter-on-quarter in the third quarter of 2022, reversing a 2.97 percent growth in the previous three-month period. source: Central Bureau of Statistics, Namibia

GDP Growth Rate in Namibia averaged 1.36 percent from 2004 until 2022, 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 - data, historical chart, forecasts and calendar of releases - was last updated on February of 2023.

GDP Growth Rate in Namibia is expected to be 1.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations.

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Namibia GDP Growth Rate

Calendar GMT Actual Previous Consensus TEForecast
2013-03-14 01:30 PM Q4 2012 4.30% -3.70%

Related Last Previous Unit Reference
GDP Growth Rate -1.45 2.97 percent Sep 2022
GDP Annual Growth Rate 4.30 6.00 percent Sep 2022
GDP Constant Prices 35465.70 36190.70 NAD Million Sep 2022
Gross National Product 177995.29 173343.23 NAD Million Dec 2021
Gross Fixed Capital Formation 20227.00 19366.00 NAD Million Dec 2021
GDP from Services 3014.70 3269.70 USD Million Sep 2022
GDP from Public Administration 4915.40 3880.20 USD Million Sep 2022
GDP from Mining 4018.60 3910.10 USD Million Sep 2022
GDP from Manufacturing 4326.10 4020.00 USD Million Sep 2022
GDP from Construction 479.00 443.90 USD Million Sep 2022
GDP from Agriculture 991.60 2805.70 USD Million Sep 2022
GDP from Utilities 837.80 821.20 USD Million Sep 2022
GDP from Transport 954.00 1083.00 USD Million Jun 2022

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.
Actual Previous Highest Lowest Dates Unit Frequency
-1.45 2.97 29.90 -8.80 2004 - 2022 percent Quarterly