The Gross Domestic Product (GDP) in Namibia expanded 2.25 percent in the second 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 December of 2021.

GDP Growth Rate in Namibia is expected to be -3.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Namibia GDP Growth Rate is projected to trend around 0.70 percent in 2022 and 1.00 percent in 2023, according to our econometric models.

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Namibia GDP Growth Rate

Related Last Previous Unit Reference
GDP Growth Rate 2.25 -4.74 percent Jun/21
GDP Annual Growth Rate 1.60 -6.70 percent Jun/21
GDP Constant Prices 32741.40 31560.60 NAD Million Jun/21
Gross National Product 173343.23 173649.85 NAD Million Dec/20
Gross Fixed Capital Formation 19654.00 23377.00 NAD Million Dec/20
GDP From Public Administration 3955.70 3876.00 USD Million Jun/21
GDP From Mining 2869.20 2885.90 USD Million Jun/21
GDP From Manufacturing 3548.00 3104.40 USD Million Jun/21
GDP From Construction 472.40 565.40 USD Million Jun/21
GDP From Agriculture 2630.90 945.10 USD Million Jun/21
GDP From Services 3178.30 3095.20 USD Million Jun/21
GDP From Utilities 726.40 726.00 USD Million Jun/21
GDP From Transport 1005.00 807.00 USD Million Mar/21
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.