Namibia | Economic Forecasts | 2016-2020 Outlook

Overview Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
GDP Growth Rate 6.00 7.04 6.26 3.32 3.97 3.57 percent [+]
Unemployment Rate 28.10 29.33 28.8 28.27 27.74 25.37 percent [+]
Inflation Rate 7.80 8.5 8.7 8.8 8.9 8 percent [+]
Interest Rate 7.00 7 7.25 7.25 7.25 6 percent [+]
Balance of Trade -6654.37 -6948 -7957 -7304 -7969 -8304 NAD Million [+]
Government Debt to GDP 34.00 45.91 45.85 45.9 47.67 51.52 percent [+]
MARKETS Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Currency 12.97 13.19 13.32 13.45 13.71 15.67 [+]
Stock Market 1101.65 1070 1060 1050 1030 867 points [+]
GDP Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
GDP Growth Rate 6.00 7.04 6.26 3.32 3.97 3.57 percent [+]
GDP Annual Growth Rate -1.00 -0.5 0.9 1 1.55 4.25 percent [+]
GDP 11.49 12.44 11.92 11.4 10.88 10.18 USD Billion [+]
GDP Constant Prices 27234.00 27609 27879 28227 28546 32473 NAD Million [+]
Gross National Product 146857.00 150183 153509 156834 160159 320280 NAD Million [+]
Gross Fixed Capital Formation 50591.00 46587 51709 56832 61955 103127 NAD Million [+]
GDP per capita 6000.04 6036 6083 6131 6179 6862 USD [+]
GDP per capita PPP 9778.41 9841 9882 9922 9963 12005 USD [+]
Gdp From Construction 1659.00 1889 1713 1463 1581 1585 USD Million [+]
Gdp From Manufacturing 2299.00 2426 2485 2386 2343 2393 USD Million [+]
Gdp From Mining 2377.00 2267 2366 2394 2369 2358 USD Million [+]
Gdp From Public Administration 3202.00 2670 3079 2583 3080 2809 USD Million [+]
Gdp From Transport 1374.00 1506 1528 1494 1554 1856 USD Million [+]
LABOUR Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Unemployment Rate 28.10 29.33 28.8 28.27 27.74 25.37 percent [+]
Population 2.30 2.25 2.29 2.33 2.37 2.51 Million [+]
PRICES Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Inflation Rate 7.80 8.5 8.7 8.8 8.9 8 percent [+]
Consumer Price Index CPI 126.29 128 131 134 136 145 Index Points [+]
Food Inflation 11.30 11.17 10.85 11.13 11.08 11.08 percent [+]
Inflation Rate Mom 0.18 1.32 1.17 1.46 1.16 1.15 percent [+]
Cpi Transportation 115.45 115 116 116 116 116 Index Points [+]
MONEY Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Interest Rate 7.00 7 7.25 7.25 7.25 6 percent [+]
Money Supply M1 39652.80 39513 39585 39556 39571 39565 NAD Million [+]
Money Supply M2 85949.50 86022 86066 86050 86054 86052 NAD Million [+]
Foreign Exchange Reserves 25007.00 24875 24907 24915 24916 24916 NAD Million [+]
Deposit Interest Rate 4.71 4.5 4.65 4.81 4.96 4.53 percent [+]
Lending Rate 10.75 10.75 10.75 10.75 10.75 10.75 percent [+]
Central Bank Balance Sheet 27737.70 28523 28863 29006 29064 29101 NAD Million [+]
TRADE Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Balance of Trade -6654.37 -6948 -7957 -7304 -7969 -8304 NAD Million [+]
Exports 15164.11 15378 15607 15966 16174 18975 NAD Million [+]
Imports -21818.49 -20159 -16227 -19206 -16949 -17887 NAD Million [+]
Current Account -4018.39 -3934 -4248 -3781 -3853 -2363 NAD Million [+]
Current Account to GDP -8.10 -7.58 -8.94 -10.31 -11.67 -10.11 percent [+]
Capital Flows 6713.55 8626 5421 5781 7292 6941 NAD Million [+]
Terrorism Index 0.00 0 0 0 0 0 [+]
Foreign Direct Investment 1079.56 3212 3720 2785 2940 2230 NAD Million [+]
GOVERNMENT Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Government Debt to GDP 34.00 45.91 45.85 45.9 47.67 51.52 percent [+]
Government Budget -5.20 -5.03 -4.87 -4.72 -4.56 -3.46 percent of GDP [+]
Government Spending 27915.00 27228 27707 28185 28664 32134 NAD Million [+]
Government Debt 56269.60 96403 103480 110071 116448 198276 NAD Million [+]
Military Expenditure 622.20 645 651 658 669 827 USD Million [+]
BUSINESS Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Changes in Inventories -414.00 -1740 -1584 -1428 -1271 -177 NAD Million [+]
Mining Production -11.38 -4.97 -5.2 -5.17 -5.17 -5.17 percent [+]
Competitiveness Index 4.02 3.97 3.97 3.97 3.97 3.96 Points [+]
Competitiveness Rank 84.00 84.13 84.13 84.13 84.13 83.29 [+]
Corruption Index 52.00 53 52 52 51 51 Points [+]
Corruption Rank 53.00 50.53 48.14 45.75 43.36 42.39 [+]
Ease of Doing Business 108.00 104 105 106 107 104 [+]
CONSUMER Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Consumer Spending 72541.00 79637 78583 77528 76474 87950 NAD Million [+]
TAXES Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Corporate Tax Rate 32.00 32 32 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 [+]





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. 3/28/2017