Namibia GDP Annual Growth Rate

The Gross Domestic Product (GDP) in Namibia expanded 5.10 percent in the fourth quarter of 2013 over the same quarter of the previous year. GDP Annual Growth Rate in Namibia is reported by the Central Bureau of Statistics, Namibia. GDP Annual Growth Rate in Namibia averaged 4.86 Percent from 1990 until 2013, reaching an all time high of 21 Percent in the third quarter of 2004 and a record low of -7.20 Percent in the first quarter of 2009. Namibia is a small and relatively open economy that is rich in mineral resources. Services account for around 60 percent of GDP. Within services the most important are wholesale and retail trade (13 percent), public administration and defense (11 percent); education (9 percent) and real estate (8 percent). Mining and quarrying (mainly diamonds and uranium) account for 12.3 percent of the output, manufacturing for 12.3 percent and agriculture and fishing for 9 percent. This page provides - Namibia GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-23

Actual Previous Highest Lowest Forecast Dates Unit Frequency
5.10 13.60 21.00 -7.20 5.49 | 2014/06 1990 - 2013 Percent Quarterly

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Namibia GDP Annual Growth Rate
LIST BY COUNTRY


CALENDAR GMT Country Event Reference Actual Previous Consensus Forecast
2013-06-20 05:30 PM Namibia
GDP Growth Rate YoY
Q1 2013 1.2% 3.7% (R)
2013-09-13 12:00 PM Namibia
GDP Growth Rate YoY
Q2 2013 2.3% 1.9% (R) 0.37%
2013-12-13 09:30 AM Namibia
GDP Growth Rate YoY
Q3 2013 5.3% 2.7% (R) 7.67%
2014-03-26 02:00 PM Namibia
GDP Growth Rate YoY
Q4 2013 5.1% 13.6% (R) 2.5%
2014-06-12 01:00 PM Namibia
GDP Growth Rate YoY
Q1 2014 5.1% 5.69%
2014-09-11 01:00 PM Namibia
GDP Growth Rate YoY
Q2 2014 5.49%
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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 Annual Growth Rate | Notes
The annual growth rate in Gross Domestic Product measures the increase in value of the goods and services produced by an economy over the period of a year. Therefore, unlike the commonly used quarterly GDP growth rate the annual GDP growth rate takes into account a full year of economic activity, thus avoiding the need to make any type of seasonal adjustment.


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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