Namibia recorded a Current Account deficit of 2.10 percent of the country's Gross Domestic Product in 2018. Current Account to GDP in Namibia averaged 0.66 percent from 1990 until 2018, reaching an all time high of 13.80 percent in 2006 and a record low of -15.50 percent in 2016.

Current Account to GDP in Namibia is expected to be -2.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Namibia Current Account to GDP is projected to trend around -1.80 percent in 2020, according to our econometric models.

Namibia Current Account to GDP
Forecast Data Chart
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Namibia Trade Last Previous Highest Lowest Unit
Balance of Trade -2695.80 -4703.90 577.60 -11476.60 NAD Million [+]
Current Account 1113.30 -1078.20 2409.00 -8019.40 NAD Million [+]
Current Account to GDP -2.10 -5.10 13.80 -15.50 percent [+]
Imports 15999.40 20024.40 21573.30 1991.60 NAD Million [+]
Exports 13303.60 15320.50 15320.50 1559.20 NAD Million [+]
Capital Flows 1030.90 -1070.70 1916.80 -9008.30 NAD Million [+]
Terms Of Trade 136.20 125.00 136.20 93.70 Index Points [+]
Terrorism Index 0.00 0.00 3.03 0.00 [+]
Foreign Direct Investment 1829.00 -2271.00 7094.20 -2271.00 NAD Million [+]
External Debt 32155.60 26425.90 32155.60 2873.30 NAD Million [+]

Exports by Country  |   Exports by Category  |   Imports by Country  |   Imports by Category

Namibia Current Account to GDP

The Current account balance as a percent of GDP provides an indication on the level of international competitiveness of a country. Usually, countries recording a strong current account surplus have an economy heavily dependent on exports revenues, with high savings ratings but weak domestic demand. On the other hand, countries recording a current account deficit have strong imports, a low saving rates and high personal consumption rates as a percentage of disposable incomes. This page provides - Namibia Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. Namibia Current Account to GDP - actual data, historical chart and calendar of releases - was last updated on September of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
-2.10 -5.10 13.80 -15.50 1990 - 2018 percent Yearly

Country Last Previous
Singapore 17.70 Dec/18
Netherlands 10.80 Dec/18
Switzerland 10.20 Dec/18
Saudi Arabia 9.20 Dec/18
Germany 7.30 Dec/18
Russia 7.00 Dec/18
South Korea 4.70 Dec/18
Japan 3.50 Dec/18
Euro Area 2.90 Dec/18
Italy 2.50 Dec/18
Spain 0.90 Dec/18
China 0.40 Dec/18
France -0.30 Dec/18
Brazil -0.77 Dec/18
Australia -1.50 Dec/18
Mexico -1.80 May/19
India -2.30 Dec/18
United States -2.40 Dec/18
Canada -2.60 Dec/18
Indonesia -3.00 Dec/18
Turkey -3.50 Dec/18
South Africa -3.60 Dec/18
United Kingdom -3.90 Dec/18
Argentina -5.40 Dec/18