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 Q2/18 Q3/18 Q4/18 Q1/19 2020
GDP Growth Rate 0.72 1 1.1 1.4 1.6 1.8 percent
Unemployment Rate 34.00 29.7 29 28.9 35.67 25.5 percent
Inflation Rate 3.60 3.9 4.3 6.2 5 6 percent
Interest Rate 6.75 6.75 6.75 6.75 6.5 5.75 percent
Balance of Trade -3842.90 -5006 -5006 -5006 -5006 -5006 NAD Million
Government Debt to GDP 41.50 47 47 47 50 53 percent
MARKETS Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Currency 12.82
12.23 12.63 13.05 13.48 15.33
Stock Market 1368.23
points
1300 1246 1195 1146 969
GDP Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
GDP Growth Rate 0.72
percent
1 1.1 1.4 1.6 1.8
GDP Annual Growth Rate -1.00
percent
1.1 1.3 1.1 2 4.3
GDP 10.27
USD Billion
10.1 9.95 9.8 9.3 9.4
GDP Constant Prices 27853.00
NAD Million
26202 27488 28159 28410 30222
Gross National Product 173754.81
NAD Million
156206 156362 175666 177230 188533
Gross Fixed Capital Formation 31729.00
NAD Million
31904 31935 31918 32364 34255
GDP per capita 6020.90
USD
6155 6218 6092 6228 6279
GDP per capita PPP 9812.40
USD
10032 9980 9929 10150 10233
Gdp From Agriculture 1016.00
USD Million
1230 1023 1027 1036 1102
Gdp From Construction 1266.00
USD Million
792 986 1280 1291 1374
Gdp From Manufacturing 2657.00
USD Million
2750 2734 2686 2710 2883
Gdp From Mining 2635.00
USD Million
2216 2392 2664 2688 2859
Gdp From Public Administration 3013.00
USD Million
2648 3356 3046 3073 3269
Gdp From Transport 1556.00
USD Million
1561 1525 1573 1587 1688
LABOUR Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Unemployment Rate 34.00
percent
29.7 29 28.9 35.67 25.5
Population 2.44
Million
2.44 2.44 2.44 2.44 2.44
PRICES Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Inflation Rate 3.60
percent
3.9 4.3 6.2 5 6
Consumer Price Index CPI 131.30
Index Points
132 133 136 137 154
Food Inflation 2.90
percent
3.1 3.93 4.15 3.92 3.69
Inflation Rate Mom 0.32
percent
0.51 0.48 0.46 0.46 0.46
CPI Transportation 124.13
Index Points
123 123 129 130 146
MONEY Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Interest Rate 6.75
percent
6.75 6.75 6.75 6.5 5.75
Money Supply M1 44528.10
NAD Million
44131 44573 43008 43958 43757
Money Supply M2 94043.50
NAD Million
93959 93807 93655 93504 91876
Foreign Exchange Reserves 26778.10
NAD Million
30317 30076 28404 29060 29218
Deposit Interest Rate 5.90
percent
5.6 5.83 6.07 6.07 6.18
Lending Rate 10.50
percent
10.76 10.91 11.06 11.2 12.46
Central Bank Balance Sheet 30634.30
NAD Million
33016 29208 36631 29331 29346
TRADE Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Balance of Trade -3842.90
NAD Million
-5006 -5006 -5006 -5006 -5006
Exports 15129.50
NAD Million
12675 12675 12675 12675 12675
Imports 18972.40
NAD Million
17681 17681 17681 17681 17681
Current Account -1094.30
NAD Million
-551 -551 -551 -551 -551
Current Account to GDP -11.80
percent
-6 -6 -6 -9 -4
Capital Flows -906.70
NAD Million
-232 -232 -232 -232 -232
Terrorism Index 0.00
0 0 0 0 0
Foreign Direct Investment 1027.20
NAD Million
2753 2753 2753 2753 2753
GOVERNMENT Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Government Debt to GDP 41.50
percent
47 47 47 50 53
Government Budget -5.40
percent of GDP
-5.27 -4.65 -4.03 -3.57 -3.13
Government Spending 27999.00
NAD Million
28153 28181 28165 28559 30228
Government Debt 70472.00
NAD Million
73715 73412 72839 72022 57708
Military Expenditure 368.40
USD Million
508 499 490 505 552
BUSINESS Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Changes in Inventories -131.00
NAD Million
-508 -775 -1042 -842 -593
Internet Speed 2922.00
KBps
3315 3401 3415 3428 3582
IP Addresses 170593.00
IP
149335 146680 144633 142847 134112
Mining Production 19.51
percent
11.91 23.61 14.34 14.13 15.08
Competitiveness Index 3.99
Points
4 4 4 4 4
Competitiveness Rank 90.00
87 87 87 87 87
Corruption Index 51.00
Points
51 51 51 51 51
Corruption Rank 53.00
53 53 53 53 53
Ease of Doing Business 106.00
106 106 106 106 106
CONSUMER Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Consumer Spending 86629.00
NAD Million
87105 87192 87144 88362 93527
TAXES Actual Q2/18 Q3/18 Q4/18 Q1/19 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 Q2/18 Q3/18 Q4/18 Q1/19 2020
Precipitation 29.45
mm
8.23 1.03 21.98 60.93 23.52
Temperature 25.25
celsius
17.94 17.26 23.35 23.64 21