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 Q1/18 Q2/18 Q3/18 Q4/18 2020
GDP Growth Rate -0.56 1.6 1.8 1.2 0.8 1.3 percent
Unemployment Rate 34.00 30.5 29.7 29 28.9 25.5 percent
Inflation Rate 3.60 5.4 5.6 4.6 6.2 6 percent
Interest Rate 6.75 6.5 6.25 6 6 5.75 percent
Balance of Trade -4790.00 -5016 -5262 -4929 -5484 -4693 NAD Million
Government Debt to GDP 39.50 47 47 47 47 53 percent
MARKETS Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Currency 11.63
12.76 13.18 13.62 14.07 16.01
Stock Market 1436.40
points
1251 1204 1158 1114 818
GDP Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
GDP Growth Rate -0.56
percent
1.6 1.8 1.2 0.8 1.3
GDP Annual Growth Rate -1.90
percent
2.6 4.2 6.8 4.7 4.3
GDP 10.27
USD Billion
10.1 9.9 9.7 9.5 6.7
GDP Constant Prices 27123.00
NAD Million
26726 26581 26540 26458 25679
Gross National Product 155351.72
NAD Million
152971 154822 156674 158526 162974
Gross Fixed Capital Formation 31729.00
NAD Million
36447 32044 27640 23237 22145
GDP per capita 6020.90
USD
6137 6102 6066 6030 5915
GDP per capita PPP 9812.40
USD
10017 9963 9910 9856 9600
Gdp From Agriculture 999.00
USD Million
950 1082 1002 1068 1035
Gdp From Construction 815.00
USD Million
639 598 713 677 627
Gdp From Manufacturing 2520.00
USD Million
2557 2500 2488 2564 2404
Gdp From Mining 2505.00
USD Million
2365 2291 2284 2245 2100
Gdp From Public Administration 3211.00
USD Million
3045 2635 3073 2769 2651
Gdp From Transport 1515.00
USD Million
1534 1534 1529 1527 1516
LABOUR Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Unemployment Rate 34.00
percent
30.5 29.7 29 28.9 25.5
Population 2.30
Million
2.32 2.33 2.34 2.34 2.44
PRICES Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Inflation Rate 3.60
percent
5.4 5.6 4.6 6.2 6
Consumer Price Index CPI 130.54
Index Points
132 134 135 136 138
Food Inflation 2.00
percent
3.07 5.22 6.3 6.8 7.33
Inflation Rate Mom 1.65
percent
0.5 0.48 0.48 0.46 0.46
CPI Transportation 122.36
Index Points
123 122 122 122 119
MONEY Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Interest Rate 6.75
percent
6.5 6.25 6 6 5.75
Money Supply M1 45467.40
NAD Million
45365 45325 45285 45246 44772
Money Supply M2 94445.90
NAD Million
94257 94110 93956 93802 92001
Foreign Exchange Reserves 28545.69
NAD Million
28632 28235 27873 27525 23912
Deposit Interest Rate 5.65
percent
5.36 5.6 5.83 6.07 6.18
Lending Rate 10.50
percent
10.66 10.81 10.96 11.11 12.5
Central Bank Balance Sheet 29597.00
NAD Million
29615 29199 28772 28339 24048
TRADE Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Balance of Trade -4790.00
NAD Million
-5016 -5262 -4929 -5484 -4693
Exports 13551.50
NAD Million
13042 12549 12930 12665 12495
Imports 18341.30
NAD Million
17872 17827 17934 17892 17384
Current Account -433.00
NAD Million
-1752 -1975 -890 -2023 -1159
Current Account to GDP -11.80
percent
-6 -6 -11.18 -6 -4
Capital Flows -261.40
NAD Million
588 658 887 669 730
Terrorism Index 0.00
0.11 0.11 0.11 0.11 0.76
Foreign Direct Investment 2999.90
NAD Million
1428 1287 1244 1206 1176
GOVERNMENT Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Government Debt to GDP 39.50
percent
47 47 47 47 53
Government Budget -6.30
percent of GDP
-5.43 -4.76 -4.09 -3.41 -2.63
Government Spending 27999.00
NAD Million
29357 29083 28809 28534 29299
Government Debt 70472.00
NAD Million
73644 73715 73412 72839 57708
Military Expenditure 499.70
USD Million
517 509 500 492 441
BUSINESS Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Changes in Inventories -131.00
NAD Million
-243 -518 -793 -1067 -615
Internet Speed 2922.00
KBps
3028 3092 3067 3018 2621
IP Addresses 170593.00
IP
152829 149335 146680 144633 134112
Mining Production 8.27
percent
5.18 5.47 5.52 5.52 5.51
Competitiveness Index 3.99
Points
3.98 3.98 3.98 3.98 3.95
Competitiveness Rank 90.00
85 85 85 85 83
Corruption Index 52.00
Points
52 52 51 51 48
Corruption Rank 53.00
46 48 49 51 47
Ease of Doing Business 106.00
105 104 104 103 86
CONSUMER Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Consumer Spending 86629.00
NAD Million
87579 88821 90063 91304 104261
TAXES Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Corporate Tax Rate 32.00
percent
32 32 32 32 31
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 Q1/18 Q2/18 Q3/18 Q4/18 2020
Precipitation 29.45
mm
60.8 8.23 1.03 21.98 23.52
Temperature 25.25
celsius
23.59 17.94 17.26 23.35 21