Namibia | Economic Forecasts | 2017-2020 Outlook

This page has economic forecasts for Namibia including a long-term outlook for the next decades, plus medium-term expectations for the next four quarters and short-term market predictions for the next release affecting the Namibia economy.


Overview Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
GDP Growth Rate -1.70 4.82 3.57 5 1.94 3.29 percent [+]
Unemployment Rate 28.10 28.8 28.27 27.74 27.49 25.37 percent [+]
Inflation Rate 7.00 8.7 8.8 8.9 9 8 percent [+]
Interest Rate 7.00 7 7 7.25 7.25 6 percent [+]
Balance of Trade -10235.56 -8727 -7466 -8627 -8342 -7895 NAD Million [+]
Government Debt to GDP 34.00 45.85 45.9 47.67 49.11 51.52 percent [+]
MARKETS Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Currency 13.21 13.61 13.75 14.15 14.02 16.18 [+]
Stock Market 1070.09 1050 1040 1010 1020 847 points [+]
GDP Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
GDP Growth Rate -1.70 4.82 3.57 5 1.94 3.29 percent [+]
GDP Annual Growth Rate -3.10 0.9 1 1.55 1.74 4.25 percent [+]
GDP 11.49 11.89 11.35 10.81 10.73 10.07 USD Billion [+]
GDP Constant Prices 27143.00 27927 28354 28576 28916 32171 NAD Million [+]
Gross National Product 155351.72 157737 160066 162395 164015 180335 NAD Million [+]
Gross Fixed Capital Formation 31729.00 34910 31842 28774 29057 29639 NAD Million [+]
GDP per capita 6000.04 6056 6097 6138 6171 6663 USD [+]
GDP per capita PPP 9778.41 9864 9949 10035 10089 10818 USD [+]
Gdp From Agriculture 907.00 909 876 881 799 876 USD Million [+]
Gdp From Construction 1227.00 805 851 837 684 507 USD Million [+]
Gdp From Manufacturing 2290.00 2594 2576 2439 2480 2521 USD Million [+]
Gdp From Mining 2286.00 2338 2273 2263 2245 2259 USD Million [+]
Gdp From Public Administration 2900.00 2680 3173 2897 3102 2939 USD Million [+]
Gdp From Transport 1544.00 1610 1582 1619 1660 1853 USD Million [+]
LABOUR Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Unemployment Rate 28.10 28.8 28.27 27.74 27.49 25.37 percent [+]
Population 2.30 2.33 2.34 2.35 2.35 2.4 Million [+]
PRICES Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Inflation Rate 7.00 8.7 8.8 8.9 9 8 percent [+]
Consumer Price Index CPI 126.43 128 130 132 134 153 Index Points [+]
Food Inflation 7.30 6.54 7.2 6.98 7.03 7.02 percent [+]
Inflation Rate Mom 0.12 0.52 0.56 0.51 0.49 0.49 percent [+]
Cpi Transportation 117.11 118 118 118 118 118 Index Points [+]
MONEY Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Interest Rate 7.00 7 7 7.25 7.25 6 percent [+]
Money Supply M1 39809.00 39731 39599 39646 39622 39631 NAD Million [+]
Money Supply M2 86610.20 86551 86471 86482 86473 86475 NAD Million [+]
Foreign Exchange Reserves 22710.73 23224 23250 23244 23242 23242 NAD Million [+]
Deposit Interest Rate 4.71 4.65 4.81 4.96 4.92 4.53 percent [+]
Lending Rate 10.75 10.75 10.75 10.75 10.75 10.75 percent [+]
Central Bank Balance Sheet 27737.70 28863 29006 29064 29087 29101 NAD Million [+]
TRADE Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Balance of Trade -10235.56 -8727 -7466 -8627 -8342 -7895 NAD Million [+]
Exports 13976.04 15081 15257 15351 15651 17834 NAD Million [+]
Imports -21818.49 -16227 -19206 -16949 -18659 -17887 NAD Million [+]
Current Account -7506.60 -6214 -4594 -6020 -5198 -5536 NAD Million [+]
Current Account to GDP -8.10 -8.94 -10.31 -11.67 -10.9 -10.11 percent [+]
Capital Flows 5398.30 5879 5502 6082 6260 6446 NAD Million [+]
Terrorism Index 0.00 0 0 0 0 0 [+]
Foreign Direct Investment 1203.58 3179 2511 2233 1940 2320 NAD Million [+]
GOVERNMENT Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Government Debt to GDP 34.00 45.85 45.9 47.67 49.11 51.52 percent [+]
Government Budget -5.20 -4.87 -4.72 -4.56 -4.45 -3.46 percent of GDP [+]
Government Spending 27999.00 29186 29026 28865 29085 31852 NAD Million [+]
Government Debt 56269.60 103480 110071 116448 123230 198276 NAD Million [+]
Military Expenditure 622.20 645 651 658 669 827 USD Million [+]
BUSINESS Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Changes in Inventories -131.00 -783 -1145 -1507 -1182 -398 NAD Million [+]
Mining Production -11.38 -5.2 -5.17 -5.17 -5.17 -5.17 percent [+]
Competitiveness Index 4.02 3.99 3.99 3.99 3.91 3.92 Points [+]
Competitiveness Rank 84.00 87 87 87 87 87 [+]
Corruption Index 52.00 52 52 51 51 51 Points [+]
Corruption Rank 53.00 49 51 52 51 51 [+]
Ease of Doing Business 108.00 109 109 109 110 118 [+]
CONSUMER Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Consumer Spending 86629.00 105286 106451 107617 112350 161016 NAD Million [+]
TAXES Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Corporate Tax Rate 32.00 32.5 32.25 32 32 32 percent [+]
Personal Income Tax Rate 37.00 37 37 37 37 37 percent [+]
Sales Tax Rate 15.00 15 15 15 15 15 percent [+]