Markets Actual Q2 Q3 Q4 Q1 2023
Currency 15.80 16.39 16.78 17.17 17.57 18.41
Stock Market (points) 1581.20 1535 1475 1417 1361 1256

Overview Actual Q2 Q3 Q4 Q1 2023
GDP Growth Rate (%) 2.64 -0.8 3 0.7 0.7 1
GDP Annual Growth Rate (%) 3.30 2.5 2.7 3 1.8 2.3
Unemployment Rate (%) 33.40 36 36 36 36 34.5
Inflation Rate (%) 5.40 5 4.7 4.4 3.8 4.5
Interest Rate (%) 4.75 4.75 5 5 5.25 6
Balance of Trade (NAD Million) -5348.69 -6100 -6100 -6000 -6000 -7700
Current Account (NAD Million) -3080.00 2000 2000 -700 -700 -1500
Current Account to GDP (% of GDP) 1.90 -1.8 -1.8 -1.8 -1.8 -1.6
Government Debt to GDP (% of GDP) 69.60 72 72 72 72 75
Government Budget (% of GDP) -9.50 -7.4 -7.4 -7.4 -7.4 -7.4
Corporate Tax Rate (%) 32.00 32 32 32 32 32
Personal Income Tax Rate (%) 37.00 37 37 37 37 37

GDP Actual Q2 Q3 Q4 Q1 2023
GDP Growth Rate (%) 2.64 -0.8 3 0.7 0.7 1
GDP Annual Growth Rate (%) 3.30 2.5 2.7 3 1.8 2.3
GDP (USD Billion) 10.70 12.5 12.5 12.5 12.5 13.4
GDP Constant Prices (NAD Million) 36372.00 34775 34914 37463 37027 38325
Gross National Product (NAD Million) 177995.29 177677 178023 183335 181199 187552
Gross Fixed Capital Formation (NAD Million) 20227.00 19850 19889 20834 20591 21313
GDP per capita (USD) 4084.24 4300 4300 4300 4300 4500
GDP per capita PPP (USD) 8893.81 9410 9410 9750 9750 9750
GDP From Agriculture (USD Million) 1918.00 2804 1165 1976 1953 2021
GDP From Construction (USD Million) 654.00 613 552 674 666 689
GDP From Manufacturing (USD Million) 3995.00 3689 3787 4115 4067 4209
GDP From Mining (USD Million) 3867.00 3096 3669 3983 3937 4075
GDP From Public Administration (USD Million) 4321.00 4064 5189 4451 4399 4553
GDP From Transport (USD Million) 844.00 888 884 869 859 889

Labour Actual Q2 Q3 Q4 Q1 2023
Unemployment Rate (%) 33.40 36 36 36 36 34.5
Population (Million) 2.50 2.6 2.6 2.64 2.64 2.64
Employed Persons (Thousand) 725742.00 670000 670000 670000 670000 705000
Labor Force Participation Rate (%) 71.20 71.5 71.5 71.5 71.5 71.3
Unemployed Persons (Thousand) 364411.00 395000 395000 395000 395000 380000
Youth Unemployment Rate (%) 46.10 49 49 49 49 47.4

Prices Actual Q2 Q3 Q4 Q1 2023
Inflation Rate (%) 5.40 5 4.7 4.4 3.8 4.5
Consumer Price Index CPI (points) 153.14 153 153 155 157 162
Food Inflation (%) 6.60 6.8 5.7 6 5.7 5
CPI Housing Utilities (points) 136.77 142 141 141 142 147
CPI Transportation (points) 167.78 169 170 170 171 172
Export Prices (points) 128.20 107 107 108 108 108
Inflation Rate Mom (%) 0.10 0.7 0.4 0.5 0.2 0.4
Import Prices (points) 106.90 97.6 97.6 98 98 98

Money Actual Q2 Q3 Q4 Q1 2023
Interest Rate (%) 4.75 4.75 5 5 5.25 6
Money Supply M1 (NAD Million) 68171.60 62400 62400 62000 62000 60500
Money Supply M2 (NAD Million) 129097.70 122000 122000 120000 120000 117000
Foreign Exchange Reserves (NAD Million) 40751.41 33800 33800 34000 34000 34000
Deposit Interest Rate (%) 4.02 4.02 4.27 4.27 4.52 5.02
Central Bank Balance Sheet (NAD Million) 41784.30 34000 34000 34500 34500 32000
Lending Rate (%) 7.75 7.75 8 8 8.25 8.75
Money Supply M0 (NAD Million) 8618.24 7500 7500 7250 7250 7100

Trade Actual Q2 Q3 Q4 Q1 2023
Balance of Trade (NAD Million) -5348.69 -6100 -6100 -6000 -6000 -7700
Current Account (NAD Million) -3080.00 2000 2000 -700 -700 -1500
Current Account to GDP (% of GDP) 1.90 -1.8 -1.8 -1.8 -1.8 -1.6
Imports (NAD Million) 22821.24 21100 21100 21000 21000 23000
Exports (NAD Million) 17472.54 15000 15000 15000 15000 15300
Capital Flows (NAD Million) -1746.40 -300 -300 -600 -600 -1200
Foreign Direct Investment (NAD Million) 450.00 280 280 500 500 500
External Debt (NAD Million) 33065.00 33100 33100 33100 33100 34000
Terms Of Trade (points) 119.90 110 110 108 108 108
Tourist Arrivals 1595973.00 1450000 1450000 1450000 1450000 1480000

Government Actual Q2 Q3 Q4 Q1 2023
Government Debt to GDP (% of GDP) 69.60 72 72 72 72 75
Government Budget (% of GDP) -9.50 -7.4 -7.4 -7.4 -7.4 -7.4
Government Spending (NAD Million) 41185.00 41537 41618 42421 41926 43396
Government Debt (NAD Million) 111507.00 114000 114000 114000 114000 115000
Military Expenditure (USD Million) 417.00 470 470 470 470 500

Taxes Actual Q2 Q3 Q4 Q1 2023
Corporate Tax Rate (%) 32.00 32 32 32 32 32
Personal Income Tax Rate (%) 37.00 37 37 37 37 37
Sales Tax Rate (%) 15.00 15 15 15 15 15

Business Actual Q2 Q3 Q4 Q1 2023
Mining Production (%) -1.50 12 12 15 15 8

Consumer Actual Q2 Q3 Q4 Q1 2023
Consumer Spending (NAD Million) 107529.00 99327 99520 110755 109465 113302
Disposable Personal Income (NAD Million) 172750.00 178937 179286 177933 175860 182025


Trading Economics provides data for 20 million economic indicators from 196 countries including actual values, consensus figures, forecasts, historical time series and news. Namibia Forecast - was last updated on Sunday, June 26, 2022.