Namibia recorded a Current Account surplus of 1.90 percent of the country's Gross Domestic Product in 2020. source: Bank of Namibia

Current Account to GDP in Namibia averaged 0.58 percent from 1990 until 2020, reaching an all time high of 13.80 percent in 2006 and a record low of -15.50 percent in 2016. This page provides - Namibia Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. Namibia Current Account to GDP - values, historical data and charts - was last updated on January of 2022.

Current Account to GDP in Namibia is expected to reach -2.10 percent of GDP by the end of 2021, according to Trading Economics global macro models and analysts expectations. In the long-term, the Namibia Current Account to GDP is projected to trend around -1.80 percent of GDP in 2022 and -1.60 percent of GDP in 2023, according to our econometric models.

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Namibia Current Account to GDP


Related Last Previous Unit Reference
Balance of Trade -6262.00 -8756.00 NAD Million Jun/21
Current Account -3076.00 -3774.00 NAD Million Jun/21
Current Account to GDP 1.90 -1.70 percent of GDP Dec/20
Exports 11659.00 9229.00 NAD Million Jun/21
Imports 11659.00 9229.00 NAD Million Jun/21
Capital Flows -1481.00 -3529.00 NAD Million Jun/21
Foreign Direct Investment 450.00 1960.00 NAD Million Jun/21
External Debt 33065.00 30852.00 NAD Million Dec/20
Namibia Current Account to GDP
The Current account balance as a percent of GDP provides an indication on the level of international competitiveness of a country. Usually, countries recording a strong current account surplus have an economy heavily dependent on exports revenues, with high savings ratings but weak domestic demand. On the other hand, countries recording a current account deficit have strong imports, a low saving rates and high personal consumption rates as a percentage of disposable incomes.