Markets Actual Q3 Q4 Q1 Q2 2021
Currency 17.00 17.16 17.33 17.51 17.7 18.06
Stock Market (points) 1045.79 1033 1006 979 953 901

Overview Actual Q3 Q4 Q1 Q2 2021
GDP Growth Rate (%) -2.59 -3.7 -3.5 -3 -2.5 -2.5
GDP Annual Growth Rate (%) -0.80 -5.3 -5 -3 -1.4 -2
Unemployment Rate (%) 33.40 36 36 36.8 36.8 36.8
Inflation Rate (%) 2.10 1.7 2 2.3 2.5 3
Interest Rate (%) 4.00 3.75 3.75 3.5 3.5 3.5
Balance of Trade (NAD Million) -3429.50 -2440 -2600 -2600 -2600 -2500
Current Account (NAD Million) -562.20 -420 -700 -700 -700 -1000
Current Account to GDP (%) -2.10 -1.9 -1.9 -1.7 -1.7 -1.7
Government Debt to GDP (%) 45.10 60 60 64 64 64
Government Budget (% of GDP) -4.40 -12.5 -12.5 -8 -8 -8
Corporate Tax Rate (%) 32.00 32 32 32 32 32
Personal Income Tax Rate (%) 37.00 37 37 37 37 37

GDP Actual Q3 Q4 Q1 Q2 2021
GDP Growth Rate (%) -2.59 -3.7 -3.5 -3 -2.5 -2.5
GDP Annual Growth Rate (%) -0.80 -5.3 -5 -3 -1.4 -2
GDP (USD Billion) 15.00 16 16 18 18 18
GDP Constant Prices (NAD Million) 34971.00 35104 34751 33922 34481 34056
Gross National Product (NAD Million) 173649.85 175764 164967 168440 171219 161668
Gross Fixed Capital Formation (NAD Million) 30378.00 29530 28859 29467 29953 28282
GDP per capita (USD) 6073.20 5870 5870 5760 5760 5760
GDP per capita PPP (USD) 9897.63 9769 9769 9769 9769 10115
GDP From Agriculture (USD Million) 722.00 830 1507 700 712 1477
GDP From Construction (USD Million) 894.00 861 905 867 881 887
GDP From Manufacturing (USD Million) 4263.00 4372 4319 4135 4203 4232
GDP From Mining (USD Million) 3602.00 3341 3321 3494 3552 3255
GDP From Public Administration (USD Million) 3863.00 5003 4193 3747 3809 4109
GDP From Transport (USD Million) 1160.00 1073 868 1125 1144 851

Labour Actual Q3 Q4 Q1 Q2 2021
Unemployment Rate (%) 33.40 36 36 36.8 36.8 36.8
Population (Million) 2.46 2.56 2.56 2.6 2.6 2.6
Labor Force Participation Rate (%) 71.20 71 71 71 71 71.3
Employed Persons (Thousand) 725742.00 760000 760000 760000 760000 757000
Unemployed Persons (Thousand) 364411.00 372000 372000 372000 372000 373500
Youth Unemployment Rate (%) 46.10 48 48 48 48 47.2

Prices Actual Q3 Q4 Q1 Q2 2021
Inflation Rate (%) 2.10 1.7 2 2.3 2.5 3
Consumer Price Index CPI (points) 139.99 141 141 143 143 146
Food Inflation (%) 4.70 4.3 3 2.7 3 3.1
Import Prices (points) 101.90 103 103 103 103 103
Inflation Rate Mom (%) 0.40 -0.3 0.2 0.3 0.5 0.5
Export Prices (points) 105.10 106 106 106 106 106
Cpi Housing Utilities (points) 133.21 137 138 137 137 142
CPI Transportation (points) 133.92 139 140 141 137 145

Money Actual Q3 Q4 Q1 Q2 2021
Interest Rate (%) 4.00 3.75 3.75 3.5 3.5 3.5
Foreign Exchange Reserves (NAD Million) 35548.51 35300 35600 35600 35600 36400
Deposit Interest Rate (%) 5.70 5.45 5.45 5.2 5.2 5.2
Lending Rate (%) 8.00 7.75 7.75 7.5 7.5 7.5
Money Supply M0 (NAD Million) 10262.11 8600 8600 8600 8600 8030
Central Bank Balance Sheet (NAD Million) 31564.40 37200 37050 36700 36500 37000

Trade Actual Q3 Q4 Q1 Q2 2021
Balance of Trade (NAD Million) -3429.50 -2440 -2600 -2600 -2600 -2500
Current Account (NAD Million) -562.20 -420 -700 -700 -700 -1000
Current Account to GDP (%) -2.10 -1.9 -1.9 -1.7 -1.7 -1.7
Imports (NAD Million) 18833.50 21200 20300 20300 20300 21000
Exports (NAD Million) 15404.10 18760 17700 17700 17700 18500
Capital Flows (NAD Million) -324.90 -700 -700 -700 -700 -1620
Foreign Direct Investment (NAD Million) -679.40 900 1550 1550 1550 1650
External Debt (NAD Million) 32155.60 36400 36400 36400 36400 35700
Terms Of Trade (points) 103.20 104 104 104 104 104
Tourist Arrivals (Persons) 1530246.00 1610000 1610000 1640000 1640000 1640000

Government Actual Q3 Q4 Q1 Q2 2021
Government Debt to GDP (%) 45.10 60 60 64 64 64
Government Budget (% of GDP) -4.40 -12.5 -12.5 -8 -8 -8
Government Spending (NAD Million) 39480.00 38282 37506 38296 38927 36756
Government Debt (NAD Million) 86647.30 97000 97000 97000 97000 97000
Military Expenditure (USD Million) 436.00 380 380 380 380 420

Taxes Actual Q3 Q4 Q1 Q2 2021
Corporate Tax Rate (%) 32.00 32 32 32 32 32
Personal Income Tax Rate (%) 37.00 37 37 37 37 37
Sales Tax Rate (%) 15.00 15 15 15 15 15

Business Actual Q3 Q4 Q1 Q2 2021
Mining Production (%) 2.50 12 15 15 15 25

Consumer Actual Q3 Q4 Q1 Q2 2021
Consumer Spending (NAD Million) 107747.00 100605 102360 104515 106239 100312
Disposable Personal Income (NAD Million) 142724.00 138942 135588 138442 140726 132876


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.