Namibia's economy grew by 3.7% in 2024, slowing from the 4.4% expansion recorded in 2023. Output in the primary sector declined by 1.8%, a sharp reversal from the 10% growth seen the previous year. Meanwhile, activity increased in the secondary (3% vs 2.4%) and tertiary (4.9% vs 3%) industries. source: Central Bureau of Statistics, Namibia
Full Year GDP Growth in Namibia averaged 1.70 percent from 2014 until 2024, reaching an all time high of 6.10 percent in 2014 and a record low of -8.10 percent in 2020. This page includes a chart with historical data for Namibia Full Year Gdp Growth. Namibia Full Year Gdp Growth - data, historical chart, forecasts and calendar of releases - was last updated on February of 2026.
Full Year GDP Growth in Namibia is expected to reach 3.00 percent by the end of 2025, according to Trading Economics global macro models and analysts expectations. In the long-term, the Namibia Full Year Gdp Growth is projected to trend around 3.80 percent in 2026 and 4.30 percent in 2027, according to our econometric models.