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 4.40 4.2 4 4 4 6 percent
Interest Rate 6.75 6.75 6.5 6.5 6 5.75 percent
Balance of Trade -2011.00 -2602 -1081 -788 -975 2038 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 14.31
14.53 14.71 14.9 15.08 15.85
Stock Market 1313.27
points
1321 1300 1279 1258 1179
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 -0.20
percent
0.5 0.9 1.3 1.5 3.3
GDP 13.24
USD Billion
14 14 15 15 16
GDP Constant Prices 25893.00
NAD Million
27266 27855 27885 26281 29379
Gross National Product 173754.81
NAD Million
155740 175319 176014 176361 184907
Gross Fixed Capital Formation 23147.00
NAD Million
30699 23355 23448 23494 24633
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 1205.40
USD Million
1015 1017 1011 1223 1073
Gdp From Construction 972.60
USD Million
983 1281 1307 987 1351
Gdp From Manufacturing 2402.30
USD Million
2737 2676 2693 2438 2823
Gdp From Mining 2699.00
USD Million
2383 2660 2768 2739 2805
Gdp From Public Administration 2667.00
USD Million
3342 3040 3190 2707 3206
Gdp From Services 2345.60
USD Million
2350 2358 2369 2381 2453
Gdp From Transport 1582.00
USD Million
1519 1570 1656 1606 1656
Gdp From Utilities 647.40
USD Million
510 540 590 549 554
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 4.40
percent
4.2 4 4 4 6
Consumer Price Index CPI 132.87
Index Points
133 134 136 137 151
Food Inflation 2.70
percent
2.1 2.37 2.42 2.39 2.39
Inflation Rate Mom 0.00
percent
0.45 0.45 0.45 0.45 0.45
Import Prices 127.80
Index Points
133 132 134 135 146
Cpi Housing Utilities 132.51
Index Points
133 134 136 137 149
CPI Transportation 128.50
Index Points
123 126 128 132 143
Export Prices 174.00
Index Points
178 180 181 182 193
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
6.75 6.5 6.5 6 5.75
Money Supply M1 45297.20
NAD Million
44425 44400 44441 44427 44430
Money Supply M2 98208.60
NAD Million
98178 98252 98292 98285 98288
Foreign Exchange Reserves 30843.36
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 32907.20
NAD Million
32037 32118 32133 32134 32134
TRADE Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Balance of Trade -2011.00
NAD Million
-2602 -1081 -788 -975 2038
Exports 14163.10
NAD Million
14517 15024 14910 14927 17015
Imports 16174.10
NAD Million
17118 16901 15698 15902 14976
Current Account -520.80
NAD Million
-541 -801 -640 -761 -704
Current Account to GDP -2.30
percent
-6 -6 -9 -9 -4
Capital Flows -872.90
NAD Million
521 984 1359 1312 1509
Terms Of Trade 136.20
Index Points
141 145 145 145 149
Terrorism Index 0.00
0 0 0 0 0
Foreign Direct Investment 2007.20
NAD Million
2008 2058 2028 2022 2012
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 28749.00
NAD Million
28288 29008 29123 29180 30594
Government Debt 74039.00
NAD Million
75793 76485 77077 77583 79951
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 861.90
NAD Million
-286 -179 -147 -116 73.98
Internet Speed 2922.00
KBps
3401 3415 3428 3477 3582
IP Addresses 170593.00
IP
142864 139837 136796 134179 119695
Mining Production -8.50
percent
16.52 14.96 15.32 15.05 15.04
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 83929.00
NAD Million
88562 84684 85020 85188 89316
Disposable Personal Income 136626.00
NAD Million
143535 144574 146424 148273 165264
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