The economy of Namibia contracted 1.31 percent on quarter in the fourth quarter of 2022, following a 1.37 percent fall in the previous three-month period. source: Central Bureau of Statistics, Namibia

GDP Growth Rate in Namibia averaged 1.33 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 June 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 -1.31 -1.37 percent Dec 2022
GDP Annual Growth Rate 1.90 3.90 percent Dec 2022
GDP Constant Prices 37277.20 35587.80 USD Million Dec 2022
Gross National Product 200331.38 179674.60 NAD Million Dec 2022
Gross Fixed Capital Formation 20897.00 23397.00 NAD Million Dec 2022
GDP from Services 3715.90 3068.50 USD Million Dec 2022
GDP from Public Administration 4250.90 5026.20 USD Million Dec 2022
GDP from Mining 4341.10 4065.80 USD Million Dec 2022
GDP from Manufacturing 4033.80 4319.90 USD Million Dec 2022
GDP from Construction 516.40 471.40 USD Million Dec 2022
GDP from Agriculture 2067.30 993.70 USD Million Dec 2022
GDP from Utilities 909.30 850.50 USD Million Dec 2022
GDP from Transport 887.20 953.80 USD Million Sep 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
-1.31 -1.37 29.90 -8.80 2004 - 2022 percent Quarterly