Namibia recorded a Current Account deficit of 478.60 NAD Million in the third quarter of 2020. source: Bank of Namibia

Current Account in Namibia averaged -839.20 NAD Million from 1999 until 2020, reaching an all time high of 5110.40 NAD Million in the second quarter of 2020 and a record low of -7961.10 NAD Million in the fourth quarter of 2016. This page provides the latest reported value for - Namibia Current Account - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Namibia Current Account - values, historical data and charts - was last updated on January of 2021.

Current Account in Namibia is expected to be -1400.00 NAD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Current Account in Namibia to stand at -500.00 in 12 months time. In the long-term, the Namibia Current Account is projected to trend around -700.00 NAD Million in 2021 and -1000.00 NAD Million in 2022, according to our econometric models.

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Namibia Current Account

Actual Previous Highest Lowest Dates Unit Frequency
-478.60 5110.40 5110.40 -7961.10 1999 - 2020 NAD Million Quarterly
Current Prices, NSA

Namibia Trade Last Previous Highest Lowest Unit
Balance of Trade 917.60 -5921.80 917.60 -11476.60 NAD Million [+]
Current Account -478.60 5110.40 5110.40 -7961.10 NAD Million [+]
Current Account to GDP -2.30 -2.80 13.80 -15.50 percent [+]
Imports 13124.80 16988.60 21573.30 1991.60 NAD Million [+]
Exports 14042.50 11066.80 15893.10 1559.20 NAD Million [+]
Capital Flows -650.50 5217.80 5217.80 -7180.20 NAD Million [+]
Foreign Direct Investment -2082.35 -777.10 6789.40 -2422.85 NAD Million [+]
External Debt 32155.60 26425.90 32155.60 2873.30 NAD Million [+]
Terms Of Trade 109.70 109.40 113.90 89.50 points [+]
Terrorism Index 0.00 0.00 3.03 0.00 [+]
Tourist Arrivals 1595973.00 1557279.00 1595973.00 777890.00 Persons [+]

Namibia Current Account
Current Account is the sum of the balance of trade (exports minus imports of goods and services), net factor income (such as interest and dividends) and net transfer payments (such as foreign aid).