Namibia GDP Growth Rate2022 Data - 2023 Forecast - 2004-2021 Historical - Calendar

Name: Namibia GDP Growth Rate
Creator: TRADING ECONOMICS
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Keywords: Namibia,GDP Growth Rate,data,chart,actual,historical,values,calendar,forecast,graph,2021,2022,2023

The Gross Domestic Product (GDP) in Namibia contracted 0.56 percent in the first quarter of 2022 over the previous quarter. source: Central Bureau of Statistics, Namibia

GDP Growth Rate in Namibia averaged 1.29 percent from 2004 until 2022, reaching an all time high of 29.90 percent in the first quarter of 2013 and a record low of -8.80 percent in the fourth quarter of 2004. This page provides - Namibia GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Namibia GDP Growth Rate - data, historical chart, forecasts and calendar of releases - was last updated on July of 2022.

GDP Growth Rate in Namibia is expected to be 3.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Namibia GDP Growth Rate is projected to trend around 1.00 percent in 2023, according to our econometric models.

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Related	Last	Previous	Unit	Reference
GDP Growth Rate	-0.56	2.64	percent	Mar 2022
GDP Annual Growth Rate	5.30	3.50	percent	Mar 2022
GDP Constant Prices	33994.00	36415.00	NAD Million	Mar 2022
Gross National Product	177995.29	173343.23	NAD Million	Dec 2021
Gross Fixed Capital Formation	20227.00	19366.00	NAD Million	Dec 2021
GDP From Utilities	830.00	795.00	USD Million	Mar 2022
GDP From Transport	1087.00	844.00	USD Million	Mar 2022
GDP From Services	3114.00	3397.00	USD Million	Mar 2022
GDP From Public Administration	3781.00	4321.00	USD Million	Mar 2022
GDP From Mining	3647.00	3842.00	USD Million	Mar 2022
GDP From Manufacturing	3564.00	3995.00	USD Million	Mar 2022
GDP From Construction	609.00	655.00	USD Million	Mar 2022
GDP From Agriculture	1017.00	1919.00	USD Million	Mar 2022

Namibia GDP Growth Rate

Namibia has one of the biggest GDP per capita in Africa. Yet, due to an uneven distribution of income, half of the population lives below the poverty line. The Namibian economy is dependent on the extraction and processing of minerals like diamonds, uranium, lead, zinc, tin, silver, and tungsten. Subsistence agriculture is the main source of income for 50% of Namibians.