The Namibian economy shrank 1.7 percent in the last quarter of 2018, following a downwardly revised 0.1 percent contraction in the previous period. It was the largest contraction in a year, as output fell in fisheries (-2.6 percent vs 0.7 percent in Q3); and public administration (-0.4 percent vs 1.4 percent). Additionally, output dropped further in wholesale and retail trade (-9.6 percent vs -7.3 percent) and education (-3.9 percent vs -1.3 percent). Also, growth slowed in mining and quarrying (11.1 percent vs 24.8 percent); utilities (7.4 percent vs 11.6 percent) and real estate (0.6 percent vs 1.0 percent). Meanwhile, output contracted less in construction (-31.7 percent vs -32.2 percent); agriculture (-2.1 percent vs -7.6 percent); hotels and restaurants (-5.3 percent vs -10.3 percent) and health (-0.9 percent from -2.8 percent). In addition, output accelerated in financial services (2.5 percent vs 0.7 percent) and rose at the same pace in manufacturing (3.5 percent). GDP Annual Growth Rate in Namibia averaged 4.14 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 0.20 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 0.80 in 12 months time. In the long-term, the Namibia GDP Annual Growth Rate is projected to trend around 2.60 percent in 2020, according to our econometric models.

Namibia GDP Annual Growth Rate
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Calendar GMT Actual Previous Consensus TEForecast
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%
2018-12-17 12:00 PM GDP Growth Rate YoY -0.8% -0.3% 0.5%
2019-03-29 11:50 AM GDP Growth Rate YoY -1.7% -0.1% -0.2%
2019-06-19 12:10 PM GDP Growth Rate YoY -1.7% -0.6%
2019-09-20 10:10 AM GDP Growth Rate YoY 0.2%
2019-12-13 12:30 PM GDP Growth Rate YoY 0.4%


Namibia GDP Last Previous Highest Lowest Unit
GDP Growth Rate -1.73 -1.45 13.30 -8.80 percent [+]
GDP Annual Growth Rate -1.70 -0.10 21.00 -6.10 percent [+]
GDP 13.24 11.31 13.24 1.62 USD Billion [+]
GDP Constant Prices 27280.10 27441.20 28297.50 10269.00 NAD Million [+]
Gross National Product 180548.92 173754.81 180548.92 1417.00 NAD Million [+]
Gross Fixed Capital Formation 19971.00 23147.00 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 1030.60 1061.90 1492.00 643.00 USD Million [+]
GDP From Construction 1201.70 990.50 1961.10 167.00 USD Million [+]
GDP From Manufacturing 2691.20 2757.60 3378.00 1292.00 USD Million [+]
GDP From Mining 2813.00 2455.70 2964.00 1075.00 USD Million [+]
GDP From Public Administration 3055.20 3421.00 4024.40 839.00 USD Million [+]
GDP From Services 2257.80 2256.30 2257.80 1578.80 USD Million [+]
GDP From Transport 1464.49 1328.07 1594.12 323.00 USD Million [+]
GDP From Utilities 459.60 470.90 620.60 158.60 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 April of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
-1.70 -0.10 21.00 -6.10 1990 - 2018 percent Quarterly




Country Last Previous
India 6.60 Dec/18
China 6.40 Mar/19
Indonesia 5.18 Dec/18
Saudi Arabia 3.60 Dec/18
South Korea 3.10 Dec/18
United States 3.00 Dec/18
Russia 2.70 Dec/18
Australia 2.30 Dec/18
Spain 2.30 Dec/18
Netherlands 2.20 Dec/18
Mexico 1.70 Dec/18
Canada 1.60 Dec/18
Switzerland 1.40 Dec/18
United Kingdom 1.40 Dec/18
Singapore 1.30 Mar/19
Brazil 1.10 Dec/18
Euro Area 1.10 Dec/18
South Africa 1.10 Dec/18
France 1.00 Dec/18
Germany 0.60 Dec/18
Japan 0.30 Dec/18
Italy 0.00 Dec/18
Turkey -3.00 Dec/18
Argentina -6.20 Dec/18


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