Namibia | Economic Forecasts | 2017-2020 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 Q2/17 Q3/17 Q4/17 Q1/18 2020
GDP Growth Rate -1.90 2.58 3.97 0.43 1.95 1.3 percent [+]
Unemployment Rate 34.00 33.94 34.7 35.47 35.66 36.86 percent [+]
Inflation Rate 6.30 8.7 8.8 8.9 9 8 percent [+]
Interest Rate 7.00 7 7 7 7 6 percent [+]
Balance of Trade -10235.56 -8727 -7466 -8627 -8342 -7895 NAD Million [+]
Government Debt to GDP 40.70 39.12 43.22 47.33 47.45 47.09 percent [+]
MARKETS Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Currency 12.99 12.75 12.87 13.25 13.12 15.14 [+]
Stock Market 988.15 1010 1000 972 982 819 points [+]
GDP Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
GDP Growth Rate -1.90 2.58 3.97 0.43 1.95 1.3 percent [+]
GDP Annual Growth Rate -2.70 0.9 1 1.55 1.61 4.25 percent [+]
GDP 11.49 11.89 11.35 10.81 10.73 10.07 USD Billion [+]
GDP Constant Prices 26900.00 27344 27616 27934 28201 31364 NAD Million [+]
Gross National Product 155351.72 157737 160066 162395 164015 180335 NAD Million [+]
Gross Fixed Capital Formation 31729.00 34910 31842 28774 29057 29639 NAD Million [+]
GDP per capita 6000.04 6056 6097 6138 6171 6663 USD [+]
GDP per capita PPP 9778.41 9864 9949 10035 10089 10818 USD [+]
Gdp From Agriculture 910.00 1004 958 965 935 974 USD Million [+]
Gdp From Construction 904.00 706 766 733 531 266 USD Million [+]
Gdp From Manufacturing 2285.00 2430 2507 2546 2421 2472 USD Million [+]
Gdp From Mining 2651.00 2514 2466 2375 2333 2386 USD Million [+]
Gdp From Public Administration 3266.00 2666 3192 2899 3182 2956 USD Million [+]
Gdp From Transport 1563.00 1597 1574 1611 1633 1829 USD Million [+]
LABOUR Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Unemployment Rate 34.00 33.94 34.7 35.47 35.66 36.86 percent [+]
Population 2.30 2.33 2.34 2.35 2.35 2.4 Million [+]
PRICES Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Inflation Rate 6.30 8.7 8.8 8.9 9 8 percent [+]
Consumer Price Index CPI 126.92 127 129 130 132 149 Index Points [+]
Food Inflation 5.80 5.66 7.29 7.75 7.88 8.05 percent [+]
Inflation Rate Mom 0.12 0.53 0.52 0.47 0.48 0.47 percent [+]
Cpi Transportation 118.09 118 119 119 119 119 Index Points [+]
MONEY Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Interest Rate 7.00 7 7 7 7 6 percent [+]
Money Supply M1 40944.60 40921 40922 40944 40949 40950 NAD Million [+]
Money Supply M2 88820.50 88740 88749 88753 88760 88761 NAD Million [+]
Foreign Exchange Reserves 22576.45 22776 22852 22853 22851 22851 NAD Million [+]
Deposit Interest Rate 4.71 4.65 4.81 4.96 4.92 4.53 percent [+]
Lending Rate 10.75 10.75 10.75 10.75 10.75 10.75 percent [+]
Central Bank Balance Sheet 27737.70 28863 29006 29064 29087 29101 NAD Million [+]
TRADE Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Balance of Trade -10235.56 -8727 -7466 -8627 -8342 -7895 NAD Million [+]
Exports 13976.04 15081 15257 15351 15651 17834 NAD Million [+]
Imports -21818.49 -16227 -19206 -16949 -18659 -17887 NAD Million [+]
Current Account -7506.60 -6214 -4594 -6020 -5198 -5536 NAD Million [+]
Current Account to GDP -8.10 -8.94 -10.31 -11.67 -10.9 -10.11 percent [+]
Capital Flows 5398.30 5879 5502 6082 6260 6446 NAD Million [+]
Terrorism Index 0.00 0 0 0 0 0 [+]
Foreign Direct Investment 1203.58 3179 2511 2233 1940 2320 NAD Million [+]
GOVERNMENT Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Government Debt to GDP 40.70 39.12 43.22 47.33 47.45 47.09 percent [+]
Government Budget -5.20 -4.87 -4.72 -4.56 -4.45 -3.46 percent of GDP [+]
Government Spending 27999.00 29186 29026 28865 29085 31852 NAD Million [+]
Government Debt 56269.60 103480 110071 116448 123230 198276 NAD Million [+]
Military Expenditure 499.70 508 499 490 505 557 USD Million [+]
BUSINESS Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Changes in Inventories -131.00 -783 -1145 -1507 -1182 -398 NAD Million [+]
Mining Production -11.38 -5.2 -5.17 -5.17 -5.17 -5.17 percent [+]
Competitiveness Index 4.02 3.99 3.99 3.99 3.91 3.92 Points [+]
Competitiveness Rank 84.00 87 87 87 87 87 [+]
Corruption Index 52.00 52 52 51 51 51 Points [+]
Corruption Rank 53.00 49 51 52 51 51 [+]
Ease of Doing Business 108.00 109 109 109 110 118 [+]
CONSUMER Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Consumer Spending 86629.00 105286 106451 107617 112350 161016 NAD Million [+]
TAXES Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Corporate Tax Rate 32.00 32.5 32.25 32 32 32 percent [+]
Personal Income Tax Rate 37.00 37 37 37 37 37 percent [+]
Sales Tax Rate 15.00 15 15 15 15 15 percent [+]