Namibia GDP Annual Growth Rate  1990-2016 | Data | Chart | Calendar

The Namibian economy shrank 1.2 percent year-on-year in the second quarter of 2016, following a downwardly revised 3.4 percent growth in the previous period and 7 percent expansion in the same period of 2015. Contraction was recorded in: manufacturing (-9.4 percent); mining and quarrying (-13.2 percent); public administration (-2.9 percent); construction (-19.9 percent); agriculture (-5.2 percent) and hotels and restaurants (-15.5 percent), while growth was recorded for wholesale and retail trade (+9.6 percent); financial intermediation (+4.1 percent); real estate activities and business services (+1.1 percent) and transport (+3.5 percent). On a quarterly basis, the GDP contracted by 6.2 percent. GDP Annual Growth Rate in Namibia averaged 4.85 percent from 1990 until 2016, reaching an all time high of 21.00 percent in the third quarter of 2004 and a record low of -6.10 percent in the first quarter of 2009.

Namibia GDP Annual Growth Rate
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Calendar GMT Reference Actual Previous Consensus Forecast (i)
2015-12-16 01:00 PM Q3 3.5% 6.0% 6.63%
2016-06-20 02:30 PM Q1 3.5% 2.9% 3.1%
2016-09-27 12:55 PM Q2 -1.2% 3.4% 3.6%
2016-12-15 01:00 PM Q3 -1.2% -2.9%
2017-06-20 02:30 PM Q1
2017-09-27 12:55 PM Q2




Namibia GDP Last Previous Highest Lowest Unit
GDP Growth Rate -6.20 -1.60 14.40 -8.80 percent [+]
GDP Annual Growth Rate -1.20 3.40 21.00 -6.10 percent [+]
GDP 11.55 12.84 13.02 1.62 USD Billion [+]
GDP Constant Prices 25726.00 27444.00 27910.00 10269.00 NAD Million [+]
Gross National Product 146857.00 145744.00 146857.00 1417.00 NAD Million [+]
Gross Fixed Capital Formation 50591.00 35489.00 50591.00 2291.00 NAD Million [+]
GDP per capita 6013.77 5823.99 6013.77 3507.48 USD [+]
GDP per capita PPP 9800.78 9491.50 9800.78 5716.23 USD [+]
Gdp From Agriculture 878.00 755.00 1492.00 643.00 USD Million [+]
Gdp From Construction 1567.00 1971.00 2194.00 167.00 USD Million [+]
Gdp From Manufacturing 2251.00 2499.00 3378.00 1292.00 USD Million [+]
Gdp From Mining 2079.00 2574.00 2964.00 1075.00 USD Million [+]
Gdp From Public Administration 2419.00 3159.00 4024.00 839.00 USD Million [+]
Gdp From Transport 1452.00 1472.00 1472.00 323.00 USD Million [+]



Namibia GDP Annual Growth Rate Notes

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 the latest reported value for - Namibia GDP Annual Growth Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Namibia GDP Annual Growth Rate - actual data, historical chart and calendar of releases - was last updated on December of 2016.

Actual Previous Highest Lowest Dates Unit Frequency
-1.20 3.40 21.00 -6.10 1990 - 2016 percent Quarterly



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