Namibia's annual economic growth accelerated to 4.8% in Q2 2026, its strongest pace since Q1 2024, from the revised 3.1% in the prior period. Tertiary industries remained the main engine of growth, expanding 6.1%, with notable gains in health (17.6%), wholesale and retail trade (9%), and information and communication (8.2%). Primary industries advanced 3%, supported by agriculture and forestry (17.8%) and fishing (2.8%). The crop subsector grew 28.5% on higher maize and millet production, supported by favorable rainfall, while fishing activity benefited from increased fish landings. Meanwhile, secondary industries rose 0.8%, driven by a 3.9% growth in manufacturing. Diamond cutting and polishing surged 76.5%, while leather and leather products (32.9%), paper products, publishing and printing (12.9%), dairy products (12.6%), and meat processing (8.0%) also increased significantly. Conversely, mining contracted 3.1%, reflecting declines in uranium, diamond and metal ore mining. source: Central Bureau of Statistics, Namibia

The Gross Domestic Product (GDP) in Namibia expanded 4.80 percent in the second quarter of 2026 over the same quarter of the previous year. GDP Annual Growth Rate in Namibia averaged 3.37 percent from 1990 until 2026, reaching an all time high of 21.00 percent in the third quarter of 2004 and a record low of -11.40 percent in the second quarter of 2020. This page provides the latest reported value for - Namibia GDP Annual Growth Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Namibia GDP Annual Growth Rate - data, historical chart, forecasts and calendar of releases - was last updated on October of 2026.

The Gross Domestic Product (GDP) in Namibia expanded 4.80 percent in the second quarter of 2026 over the same quarter of the previous year. GDP Annual Growth Rate in Namibia is expected to be 2.30 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Namibia GDP Annual Growth Rate is projected to trend around 2.40 percent in 2027 and 3.20 percent in 2028, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-06-25 10:00 AM
GDP Growth Rate YoY
Q1 2% 0.1% -1.7%
2026-09-25 09:00 AM
GDP Growth Rate YoY
Q2 4.8% 3.1% 3.5%
2026-12-18 10:00 AM
GDP Growth Rate YoY
Q3 4.8% 2.3%


Related Last Previous Unit Reference
GDP Growth Rate YoY 4.80 3.10 percent Jun 2026
GDP Constant Prices 41518.00 41381.00 USD Million Jun 2026
GDP from Agriculture 2175.00 1094.00 USD Million Jun 2026
GDP from Construction 397.00 788.00 USD Million Jun 2026
GDP from Manufacturing 4043.00 3604.00 USD Million Jun 2026
GDP from Mining 4288.00 4833.00 USD Million Jun 2026
GDP from Public Administration 4342.00 4197.00 USD Million Jun 2026
GDP from Services 4562.00 4355.00 USD Million Jun 2026
GDP from Transport 1224.00 1306.00 USD Million Jun 2026
GDP from Utilities 1243.00 1264.00 USD Million Jun 2026
GDP Growth Rate 0.33 -0.38 percent Jun 2026
Gross Fixed Capital Formation 37751.00 41188.00 NAD Million Dec 2025
Gross National Product 253499.00 242157.00 NAD Million Dec 2025


Namibia GDP Annual Growth Rate
Namibia is a small and relatively open economy that is rich in mineral resources. Services account for around 60 percent of GDP. Within services the most important are wholesale and retail trade (13 percent), public administration and defense (11 percent); education (9 percent) and real estate (8 percent). Mining and quarrying (mainly diamonds and uranium) account for 12.3 percent of the output, manufacturing for 12.3 percent and agriculture and fishing for 9 percent.
Actual Previous Highest Lowest Dates Unit Frequency
4.80 3.10 21.00 -11.40 1990 - 2026 percent Quarterly
Constant Prices 2015, NSA

News Stream
Namibia GDP Growth Picks Up in Q2
Namibia's annual economic growth accelerated to 4.8% in Q2 2026, its strongest pace since Q1 2024, from the revised 3.1% in the prior period. Tertiary industries remained the main engine of growth, expanding 6.1%, with notable gains in health (17.6%), wholesale and retail trade (9%), and information and communication (8.2%). Primary industries advanced 3%, supported by agriculture and forestry (17.8%) and fishing (2.8%). The crop subsector grew 28.5% on higher maize and millet production, supported by favorable rainfall, while fishing activity benefited from increased fish landings. Meanwhile, secondary industries rose 0.8%, driven by a 3.9% growth in manufacturing. Diamond cutting and polishing surged 76.5%, while leather and leather products (32.9%), paper products, publishing and printing (12.9%), dairy products (12.6%), and meat processing (8.0%) also increased significantly. Conversely, mining contracted 3.1%, reflecting declines in uranium, diamond and metal ore mining.
2026-09-25
Namibia GDP Growth Quickens in Q1
The economy of Namibia expanded by 2% year-on-year in Q1 2026, following a revised 0.1% rise in the previous period. Growth was driven by tertiary activities (+5.1%), particularly wholesale and retail trade (+9.3%), financial services (+7.2%), health (+6.4%), education (+4.6%) and public administration (+3.7%). Primary activities, however, contracted 5.7%, reflecting a sharp 12.2% decline in mining and quarrying due to lower diamond and gold production. At the same time, the industrial sector fell 3.1%, weighed down by a 12.2% slump in manufacturing, mainly attributed to poor performances in the manufacture of basic metals (-87.9%); diamond cutting and polishing’(-35.7%) and manufacture of other food products (-15.7%). On the expenditure side, household consumption rose 1.4%, government spending increased 4.5% and fixed investment advanced 3.4%. Meanwhile, net external demand contributed negatively to GDP growth, as imports rose 4.6% and outpaced a 4.1% increase in exports.
2026-06-25
Namibia Economy Contracts in Q4
The economy of Namibia shrank by 0.5% year-on-year in Q4 2025, marking the first contraction since Q1 2021, following an upwardly revised 2.6% growth in the previous period. Mining & quarrying (-28.8% vs -5.5% in Q3) was the main dragger, followed by manufacturing (-5.1% vs 2.6%) and financial service activities (-1% vs 2.3%). On the other hand, notable growth was recorded in construction (23.4% vs 12.2%); utilities (12.5% vs 20.3%); wholesale & retail trade (9.5% vs 7.7%); information & communication (8.4% vs 13.3%); health (6% vs 3.9%) and hotels & restaurants (5.3% vs -0.8%). On a quarterly basis, the GDP rose by 6.4%, after a revised 2.1% decline in the previous quarter. The Namibian economic growth slowed to 1.7% in 2025 from an upwardly revised 3.8% in the year before, mainly attributed to weak performance in both primary and secondary sectors.
2026-03-26