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 Q4/17 Q1/18 Q2/18 Q3/18 2020
GDP Growth Rate -2.15 1.1 2.3 1.3 0.6 1.3 percent [+]
Unemployment Rate 34.00 31.9 30.5 29.7 29 25.5 percent [+]
Inflation Rate 5.60 5.8 6 6.4 7.1 8 percent [+]
Interest Rate 6.75 6.5 6.5 6.25 6 5.75 percent [+]
Balance of Trade -5422.00 -7180 -5532 -5680 -5979 -5581 NAD Million [+]
Government Debt to GDP 40.70 42 47 47 47 53 percent [+]
MARKETS Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Currency 13.63 13.64 13.5 13.37 13.23 11.71 [+]
Stock Market 1166.93 1140 1130 1120 1110 982 points [+]
GDP Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
GDP Growth Rate -2.15 1.1 2.3 1.3 0.6 1.3 percent [+]
GDP Annual Growth Rate -1.70 2.8 2.6 4.2 5.9 4.3 percent [+]
GDP 10.27 9.5 9.3 9.1 8.9 7.2 USD Billion [+]
GDP Constant Prices 25635.00 25614 25623 25509 25452 24826 NAD Million [+]
Gross National Product 155351.72 158526 159372 160217 161063 163695 NAD Million [+]
Gross Fixed Capital Formation 31729.00 23237 22669 22101 21534 22485 NAD Million [+]
GDP per capita 6020.90 6030 6029 6027 6026 5915 USD [+]
GDP per capita PPP 9812.40 9856 9857 9857 9857 9699 USD [+]
Gdp From Agriculture 1151.00 1063 961 1062 1011 1038 USD Million [+]
Gdp From Construction 606.00 603 426 345 416 476 USD Million [+]
Gdp From Manufacturing 2530.00 2671 2555 2496 2474 2433 USD Million [+]
Gdp From Mining 2307.00 2287 2302 2247 2236 2108 USD Million [+]
Gdp From Public Administration 2462.00 2831 3143 2575 3099 2678 USD Million [+]
Gdp From Transport 1552.00 1547 1552 1549 1547 1538 USD Million [+]
LABOUR Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Unemployment Rate 34.00 31.9 30.5 29.7 29 25.5 percent [+]
Population 2.30 2.34 2.35 2.36 2.36 2.42 Million [+]
PRICES Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Inflation Rate 5.60 5.8 6 6.4 7.1 8 percent [+]
Consumer Price Index CPI 127.75 128 129 129 129 129 Index Points [+]
Food Inflation 4.20 5.94 7.25 7.69 7.75 7.75 percent [+]
Inflation Rate Mom 0.40 0.5 0.46 0.46 0.46 0.46 percent [+]
CPI Transportation 117.96 118 118 118 118 115 Index Points [+]
MONEY Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Interest Rate 6.75 6.5 6.5 6.25 6 5.75 percent [+]
Money Supply M1 44504.60 44052 44012 43973 43935 43589 NAD Million [+]
Money Supply M2 92261.10 91961 91821 91662 91502 90088 NAD Million [+]
Foreign Exchange Reserves 30621.47 31124 30839 30530 30223 27678 NAD Million [+]
Deposit Interest Rate 5.65 6.07 6.07 6.07 6.07 5.97 percent [+]
Lending Rate 10.50 10.53 10.66 10.81 10.97 12.11 percent [+]
Central Bank Balance Sheet 35317.10 34389 34191 33855 33492 30472 NAD Million [+]
TRADE Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Balance of Trade -5422.00 -7180 -5532 -5680 -5979 -5581 NAD Million [+]
Exports 11598.90 12144 12459 12079 12248 11988 NAD Million [+]
Imports 17020.90 18452 17930 17895 18018 17609 NAD Million [+]
Current Account -668.80 -3673 -1916 -1979 -1119 -1417 NAD Million [+]
Current Account to GDP -11.80 -8 -6 -6 -9.15 -4 percent [+]
Capital Flows -202.30 559 -431 -606 988 711 NAD Million [+]
Terrorism Index 0.00 0.12 0.17 0.21 0.25 0.83 [+]
Foreign Direct Investment 1677.00 1192 1141 1155 1144 1140 NAD Million [+]
GOVERNMENT Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Government Debt to GDP 40.70 42 47 47 47 53 percent [+]
Government Budget -6.30 -3.41 -2.82 -2.22 -1.62 -1.23 percent of GDP [+]
Government Spending 27999.00 28534 28689 28844 28999 29299 NAD Million [+]
Government Debt 70472.00 72990 73644 73715 73412 63183 NAD Million [+]
Military Expenditure 499.70 492 496 499 503 460 USD Million [+]
BUSINESS Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Changes in Inventories -131.00 -1067 -862 -657 -451 -177 NAD Million [+]
Mining Production 22.24 7.08 5.58 5.63 5.72 5.74 percent [+]
Competitiveness Index 3.99 3.98 3.98 3.98 3.98 3.93 Points [+]
Competitiveness Rank 90.00 85 85 85 85 85 [+]
Corruption Index 52.00 51 51 51 50 48 Points [+]
Corruption Rank 53.00 51 50 49 49 48 [+]
Ease of Doing Business 108.00 105 104 104 103 91 [+]
CONSUMER Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Consumer Spending 86629.00 91304 92449 93593 94737 101949 NAD Million [+]
TAXES Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Corporate Tax Rate 32.00 32.43 32.5 32.57 32.63 32.96 percent [+]
Personal Income Tax Rate 37.00 37 37 37 37 37 percent [+]
Sales Tax Rate 15.00 15 15 15 15 15 percent [+]