Sunday December 11 2016
Namibia Interest Rate at 7.00 percent


The central bank of Namibia kept its benchmark repo rate on hold at 7 percent at its December 2016 meeting, saying current policy stance is appropriate to support growth. The economy contracted 1.2 percent in the second quarter of the year and the central bank expects it to slow to 2.5 percent in 2016 from 5.3 percent in 2015. Meanwhile, the inflation rate rose to 7.3 percent in November, the highest since November of 2011 and is expected to average 6.7 percent this year and 5.9 percent in 2017.





Wednesday December 07 2016
Namibia Balance of Trade at -8369.58 NAD Million


Namibia recorded a trade deficit of 8369.58 NAD Million in the second quarter of 2016.





Monday December 05 2016
Namibia | Credit Rating at 55.00


Moody's has changed its outlook for Namibia’s sovereign credit rating to negative from stable on December 2nd and affirmed the country’s long-term foreign credit rating at Baa3, driven by slower than expected fiscal consolidation and continued rise in public debt and protracted external vulnerability. Fitch's credit rating for Namibia was last reported at BBB- with negative outlook.





Sunday December 04 2016
Namibia Personal Income Tax Rate at 37.00 percent


The Personal Income Tax Rate in Namibia stands at 37 percent.





Sunday December 04 2016
Namibia Corporate Tax Rate at 32.00 percent


The Corporate Tax Rate in Namibia stands at 32 percent.





Sunday December 04 2016
Namibia Sales Tax Rate | VAT at 15.00 percent


The Sales Tax Rate in Namibia stands at 15 percent.





Friday December 02 2016
Namibia Foreign Exchange Reserves at 26449.27 NAD Million


Foreign Exchange Reserves in Namibia increased to 26449.27 NAD Million in September from 20537.55 NAD Million in August of 2016.





Friday December 02 2016
Namibia Inflation Rate at 7.30 percent


Namibia's annual inflation rose to 7.3 percent in October of 2016 from 6.9 percent in the previous month. It was the highest inflation rate since November of 2011, mostly boosted by transport prices (+3.6 percent from +3.3 percent). Other main upward pressure came form food and non-alcoholic beverages (+11.7 percent from +12 percent in September); housing and utilities (+7.8 percent from +8 percent); furnishings and household equipment (+7.9 percent from +6.1 percent) and miscellaneous goods and services (+6 percent from +5.7 percent). On a monthly basis, consumer prices went up 0.5 percent.





Friday December 02 2016
Namibia Imports at 22086.95 NAD Million


Imports in Namibia increased to 22086.95 NAD Million in the second quarter of 2016 from 20357.87 NAD Million in the first quarter of 2016.





Friday December 02 2016
Namibia GDP Constant Prices at 25726.00 NAD Million


GDP Constant Prices in Namibia decreased to 25726 NAD Million in the second quarter of 2016 from 27444 NAD Million in the first quarter of 2016.