Namibia - Economic Forecasts - 2018-2020 Outlook

This page has economic forecasts for Namibia including a long-term outlook for the next decades, plus medium-term expectations for the next four quarters and short-term market predictions for the next release affecting the Namibia economy.


Overview Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
GDP Growth Rate 1.39 1 1.4 1.6 0.8 1.8 percent
Unemployment Rate 34.00 29 28.9 35.67 35.85 25.5 percent
Inflation Rate 4.00 3.9 4 4 4 6 percent
Interest Rate 6.75 6.5 6.5 6.5 6 5.75 percent
Balance of Trade -3842.90 -2823 -1479 -1330 -1369 1419 NAD Million
Government Debt to GDP 41.50 47 47 50 50 53 percent
MARKETS Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Currency 13.39
14.17 14.66 15.16 15.69 17.98
Stock Market 1270.82
points
1228 1171 1117 1065 882
GDP Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
GDP Growth Rate 1.39
percent
1 1.4 1.6 0.8 1.8
GDP Annual Growth Rate -0.10
percent
1.3 1.1 2 2 4.3
GDP 13.24
USD Billion
14 14 15 15 16
GDP Constant Prices 27601.00
NAD Million
27447 27995 28153 26536 30045
Gross National Product 173754.81
NAD Million
156362 175666 177230 158459 188533
Gross Fixed Capital Formation 31729.00
NAD Million
31935 32078 32364 32364 34428
GDP per capita 5854.86
USD
6000 6000 6200 6200 6400
GDP per capita PPP 9541.81
USD
9597 9515 10150 10150 9369
Gdp From Agriculture 1002.00
USD Million
1023 1027 1022 1247 1102
Gdp From Construction 1289.00
USD Million
987 1284 1315 801 1378
Gdp From Manufacturing 2647.00
USD Million
2740 2674 2700 2793 2870
Gdp From Mining 2732.00
USD Million
2392 2665 2787 2249 2860
Gdp From Public Administration 3149.00
USD Million
3356 3046 3212 2687 3269
Gdp From Transport 1635.00
USD Million
1525 1573 1668 1583 1688
LABOUR Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Unemployment Rate 34.00
percent
29 28.9 35.67 35.85 25.5
Population 2.44
Million
2.47 2.48 2.49 2.5 2.6
PRICES Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Inflation Rate 4.00
percent
3.9 4 4 4 6
Consumer Price Index CPI 132.13
Index Points
133 134 136 137 151
Food Inflation 3.80
percent
3.65 3.57 3.62 3.61 3.61
Inflation Rate Mom 0.25
percent
0.45 0.45 0.45 0.45 0.45
Import Prices 133.60
Index Points
138 141 142 143 150
Cpi Housing Utilities 131.37
Index Points
133 134 135 136 148
CPI Transportation 126.65
Index Points
123 126 128 132 143
Export Prices 163.60
Index Points
171 177 178 179 191
Gdp Deflator 162.35
Index Points
167 170 172 174 193
MONEY Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Interest Rate 6.75
percent
6.5 6.5 6.5 6 5.75
Money Supply M1 44528.10
NAD Million
44691 44683 44684 44684 44684
Money Supply M2 93964.60
NAD Million
93842 93835 93849 93846 93847
Foreign Exchange Reserves 30680.17
NAD Million
29913 29822 29842 29849 29845
Deposit Interest Rate 5.90
percent
5.83 6.07 6.07 6.07 6.18
Lending Rate 10.50
percent
10.91 11.06 11.2 11.34 12.46
Central Bank Balance Sheet 32570.20
NAD Million
31370 31441 31451 31452 31453
TRADE Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Balance of Trade -3842.90
NAD Million
-2823 -1479 -1330 -1369 1419
Exports 15129.50
NAD Million
14484 14987 14837 14880 16941
Imports 18972.40
NAD Million
17308 17183 16168 16250 15522
Current Account -520.80
NAD Million
-541 -801 -640 -761 -704
Current Account to GDP -11.80
percent
-6 -6 -9 -9 -4
Capital Flows -872.90
NAD Million
521 984 1359 1312 1509
Terms Of Trade 122.40
Index Points
123 123 123 123 129
Terrorism Index 0.00
0 0 0 0 0
Foreign Direct Investment 1027.20
NAD Million
1958 1937 1884 1873 1879
GOVERNMENT Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Government Debt to GDP 41.50
percent
47 47 50 50 53
Government Budget -5.40
percent of GDP
-4.37 -4.14 -4.16 -4.18 -6.05
Government Spending 27999.00
NAD Million
28181 28307 28559 28559 30380
Government Debt 70472.00
NAD Million
78909 80011 80973 81813 86097
Military Expenditure 368.40
USD Million
365 357 357 357 357
BUSINESS Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Changes in Inventories -131.00
NAD Million
-1124 -1473 -1160 -847 -1113
Internet Speed 2922.00
KBps
3401 3415 3428 3477 3582
IP Addresses 170593.00
IP
142864 139837 136796 134179 119695
Mining Production 19.51
percent
18.85 18.73 18.75 18.74 18.74
Competitiveness Index 3.99
Points
3.96 3.96 3.94 3.93 3.95
Competitiveness Rank 90.00
85 85 88 89 83
Corruption Index 51.00
Points
51 51 51 51 51
Corruption Rank 53.00
51 51 51 51 52
Ease of Doing Business 106.00
104 103 103 102 86
CONSUMER Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Consumer Spending 86629.00
NAD Million
87192 87582 88362 88362 93997
Disposable Personal Income 124051.00
NAD Million
128621 131037 132535 134033 150352
TAXES Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Corporate Tax Rate 32.00
percent
32 32 32 32 32
Personal Income Tax Rate 37.00
percent
37 37 37 37 37
Sales Tax Rate 15.00
percent
15 15 15 15 15
CLIMATE Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Precipitation 29.45
mm
1.03 21.98 60.93 22.55 23.52
Temperature 25.25
celsius
17.26 23.35 23.64 21.23 21