The gross domestic product in Namibia expanded 0.3% quarter-on-quarter in Q2 2026, following a 0.4% contraction in the previous period. GDP Growth Rate in Namibia averaged 1.95 percent from 2004 until 2026, reaching an all time high of 57.76 percent in the first quarter of 2008 and a record low of -9.51 percent in the first quarter of 2020. source: Central Bureau of Statistics, Namibia
GDP Growth Rate in Namibia is expected to be -3.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Namibia GDP Growth Rate is projected to trend around 2.00 percent in 2027 and 6.00 percent in 2028, according to our econometric models.
Namibia has one of the biggest GDP per capita in Africa. Yet, due to an uneven distribution of income, half of the population lives below the poverty line. The Namibian economy is dependent on the extraction and processing of minerals like diamonds, uranium, lead, zinc, tin, silver, and tungsten. Subsistence agriculture is the main source of income for 50% of Namibians.
|
Actual |
Previous |
Highest |
Lowest |
Dates |
Unit |
Frequency |
|
|
0.33 |
-0.38 |
57.76 |
-9.51 |
2004 - 2026 |
percent |
Quarterly |
|