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 September of 2021.

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

Actual Previous Highest Lowest Dates Unit Frequency
1.90 -1.70 13.80 -16.10 1990 - 2020 percent of GDP Yearly

Namibia Trade Last Previous Highest Lowest Unit
Balance of Trade -8268.41 -3476.34 793.00 -11476.60 NAD Million [+]
Current Account -4001.50 -855.50 4704.90 -7961.10 NAD Million [+]
Current Account to GDP 1.90 -1.70 13.80 -16.10 percent of GDP [+]
Imports 17297.74 19147.82 21573.30 1991.60 NAD Million [+]
Exports 9029.32 15671.48 15893.10 1559.20 NAD Million [+]
Capital Flows -3373.10 -2634.50 5217.80 -7180.20 NAD Million [+]
Foreign Direct Investment 1822.87 140.28 6789.40 -1757.08 NAD Million [+]
External Debt 33065.00 30852.00 33065.00 2873.30 NAD Million [+]
Terms Of Trade 109.70 109.40 113.90 89.50 points [+]
Terrorism Index 0.00 0.00 3.03 0.00 [+]
Tourist Arrivals 1595973.00 1557279.00 1595973.00 777890.00 Persons [+]

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.