Namibia GDP Growth Rate

The Gross Domestic Product (GDP) in Namibia expanded 4.30 percent in the fourth quarter of 2012 over the previous quarter. GDP Growth Rate in Namibia is reported by the Namibia Statistics Agency. From 2004 until 2012, Namibia GDP Growth Rate averaged 1.8 Percent reaching an all time high of 13.3 Percent in September of 2007 and a record low of -8.8 Percent in December of 2004. 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. This page provides - Namibia GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-19

Actual Previous Highest Lowest Forecast Dates Unit Frequency
4.30 -3.70 13.30 -8.80 1.22 | 2014/06 2004 - 2012 Percent Quarterly

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Namibia GDP Growth Rate
LIST BY COUNTRY


CALENDAR GMT Country Event Reference Actual Previous Consensus Forecast
2013-03-14 01:30 PM Namibia
GDP Growth Rate QoQ
Q4 2012 4.30% -3.70%
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GDP Last Previous Highest Lowest Forecast Unit
GDP 12.81 2012-12-31 12.48 12.81 1.40 13.51 2014-06-30 USD Billion [+]
GDP Constant Prices 15044.00 2012-11-15 14429.00 15044.00 10269.00 14752.21 2014-06-30 NAD Million [+]
GDP Growth Rate 4.30 2012-12-31 -3.70 13.30 -8.80 1.22 2014-06-30 Percent [+]
GDP Annual Growth Rate 5.10 2013-12-31 13.60 21.00 -7.20 5.49 2014-06-30 Percent [+]
Gross Fixed Capital Formation 27567.00 2013-06-30 22953.00 27567.00 2291.00 32217.83 2014-06-30 NAD Million [+]
Gross National Product 120267.00 2013-06-30 106945.00 120267.00 1417.00 133700.71 2014-06-30 NAD Million [+]
GDP per capita 4328.07 2012-12-31 4200.23 4328.07 2672.81 4518.83 2014-06-30 USD [+]
GDP per capita PPP 6453.39 2012-12-31 6262.77 6453.39 3985.30 6737.83 2014-06-30 USD [+]
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GDP Growth Rate | Notes
The GDP Growth Rate shows a percentage change in the seasonally adjusted GDP value in the certain quarter, compared to the previous quarter. Because of climatic conditions and holidays, the intensity of the production varies throughout the year. This makes a direct comparison of two consecutive quarters difficult. In order to adjust for these conditions, many countries calculate the quarterly GDP using so called seasonally adjusted method. The Gross Domestic Product can be determined using three different approaches: the product, the income, and the expenditure technique, which should give the same result. In sum, the product technique sums the outputs of every class of enterprise. The expenditure technique works on the principle that every product must be bought by somebody, therefore the value of the total product must be equal to people's total expenditures in buying products and services. The income technique works on the principle that the incomes of the productive factors must be equal to the value of their product, and determines GDP by finding the sum of all producers' incomes.


RELATED NEWS

Namibia Inflation Rate at 5.30 Percent  
The inflation rate in Namibia was recorded at 5.30 percent in March of 2014. Inflation Rate in Namibia is reported by the Bank of Namibia.
Namibia Balance of Trade at -4339.96 NAD Million  
Namibia recorded a trade deficit of 4339.96 NAD Million in the fourth quarter of 2013. Balance of Trade in Namibia is reported by the Bank of Namibia.
Namibia Current Account at -1065.90 NAD Million  
Namibia recorded a Current Account deficit of 1065.90 NAD Million in the fourth quarter of 2013. Current Account in Namibia is reported by the Bank of Namibia.
Namibia Changes in Inventories at -3879.00 NAD Million  
Changes in Inventories in Namibia decreased to -3879 NAD Million in 2013 from -1458 NAD Million in 2012. Changes in Inventories in Namibia is reported by the Central Bureau of Statistics, Namibia.
Namibia Consumer Price Index (CPI) at 106.60 Index Points  
Consumer Price Index (CPI) in Namibia increased to 106.60 Index Points in February of 2014 from 105.90 Index Points in January of 2014. Consumer Price Index (CPI) in Namibia is reported by the Bank of Namibia.
Namibia Consumer Spending at 64552.00 NAD Million  
Consumer Spending in Namibia increased to 64552 NAD Million in 2013 from 60764 NAD Million in 2012. Consumer Spending in Namibia is reported by the Central Bureau of Statistics, Namibia.
Namibia Exports at 11530.20 NAD Million  
Exports in Namibia decreased to 11530.20 NAD Million in the fourth quarter of 2013 from 13771.50 NAD Million in the third quarter of 2013. Exports in Namibia is reported by the Bank of Namibia.
Namibia Government Spending at 23877.00 NAD Million  
Government Spending in Namibia increased to 23877 NAD Million in 2013 from 21917 NAD Million in 2012. Government Spending in Namibia is reported by the Central Bureau of Statistics, Namibia.
Namibia Gross Fixed Capital Formation at 27567.00 NAD Million  
Gross Fixed Capital Formation in Namibia increased to 27567 NAD Million in 2013 from 22953 NAD Million in 2012. Gross Fixed Capital Formation in Namibia is reported by the Central Bureau of Statistics, Namibia.
Namibia Gross National Income at 120267.00 NAD Million  
Gross National Product in Namibia increased to 120267 NAD Million in 2013 from 106945 NAD Million in 2012. Gross National Product in Namibia is reported by the Central Bureau of Statistics, Namibia.
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