The Namibian economy contracted 0.2 percent year-on-year in the second quarter of 2018, the same as in the previous period. Output shrank for manufacturing (-12.5 percent from 2.1 percent in Q1) and agriculture (-1.1 percent from 1.4 percent) and dropped further for wholesale and retail trade (-5.8 percent from -1.6 percent) and education (-6.2 percent from -4.0 percent). Additionally, growth slowed for real estate (0.2 percent from 0.5 percent) and financial services (0.5 percent from 1.4 percent). Meanwhile, output dropped less for fisheries (-8.0 percent from -13.6 percent); health (-4.9 percent from -6.4 percent) and hotels and restaurants (-2.6 percent from -4.8 percent). Also, growth accelerated for mining and quarrying (22.4 percent from 4.7 percent) and utilities (16.7 percent from 1.9 percent). GDP Annual Growth Rate in Namibia averaged 4.29 percent from 1990 until 2018, reaching an all time high of 21 percent in the third quarter of 2004 and a record low of -6.10 percent in the first quarter of 2009.

GDP Annual Growth Rate in Namibia is expected to be 0.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Annual Growth Rate in Namibia to stand at 1.50 in 12 months time. In the long-term, the Namibia GDP Annual Growth Rate is projected to trend around 3.30 percent in 2020, according to our econometric models.

Namibia GDP Annual Growth Rate
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Calendar GMT Actual Previous Consensus TEForecast
2017-12-15 09:00 AM GDP Growth Rate YoY -1.9% -0.7% 1%
2018-03-29 10:00 AM GDP Growth Rate YoY -1.0% -1.0% -0.4%
2018-06-19 12:10 PM GDP Growth Rate YoY -0.1% -1.5% -1.3%
2018-09-20 10:10 AM GDP Growth Rate YoY -0.2% -0.2% 1.1%
2018-12-14 12:30 PM GDP Growth Rate YoY -0.2% 0.5%
2019-03-29 10:00 AM GDP Growth Rate YoY 0.90%
2019-06-19 12:10 PM GDP Growth Rate YoY 1.30%


Namibia GDP Last Previous Highest Lowest Unit
GDP Growth Rate -1.20 1.36 13.30 -8.80 percent [+]
GDP Annual Growth Rate -0.20 -0.20 21.00 -6.10 percent [+]
GDP 13.24 11.31 13.24 1.62 USD Billion [+]
GDP Constant Prices 25893.00 27527.00 28112.00 10269.00 NAD Million [+]
Gross National Product 173754.81 155351.72 173754.81 1417.00 NAD Million [+]
Gross Fixed Capital Formation 23147.00 30622.00 42913.00 2916.00 NAD Million [+]
GDP per capita 5854.86 6029.00 6120.70 3509.40 USD [+]
GDP per capita PPP 9541.81 9825.60 9975.13 5719.30 USD [+]
GDP From Agriculture 1205.40 998.20 1492.00 643.00 USD Million [+]
GDP From Construction 972.60 1290.60 1961.10 167.00 USD Million [+]
GDP From Manufacturing 2402.30 2658.30 3378.00 1292.00 USD Million [+]
GDP From Mining 2699.00 2732.00 2964.00 1075.00 USD Million [+]
GDP From Public Administration 2667.00 3149.00 4024.00 839.00 USD Million [+]
GDP From Services 2259.70 2259.70 2259.70 1578.80 USD Million [+]
GDP From Transport 1582.00 1635.00 1635.00 323.00 USD Million [+]
GDP From Utilities 647.40 646.60 647.40 158.60 USD Million [+]


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. 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 - actual data, historical chart and calendar of releases - was last updated on December of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
-0.20 -0.20 21.00 -6.10 1990 - 2018 percent Quarterly




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