Namibia GDP Annual Growth Rate  1990-2017 | Data | Chart | Calendar

The Namibian economy shrank 3.1 percent year-on-year in the fourth quarter of 2016, from an upwardly revised 0.8 percent contraction in the previous period and a 4.5 percent expansion a year earlier. Output fell for: wholesale and retail trade (-3.2 percent vs 3.4 percent in Q3); manufacturing (-9 percent vs -0.9 percent); construction (-37.4 percent vs -29.6 percent) and agriculture (-16.2 percent vs 14.6 percent). In addition, growth slowed for real estate activities (2 percent vs 2.7 percent), transport (5.1 percent vs 5.8 percent) and hotels and restaurants (1.8 percent vs 2.4 percent). In contrast, output rebounded for public administration (7.9 percent vs -4.6 percent); education (0.5 percent vs -1.4 percent); mining (0.6 percent vs -7 percent) and fishing (18.5 percent vs 2.1 percent). On a quarterly basis, the GDP contracted 1.7 percent. Considering 2016, the Namibian economy expanded a meager 0.2 percent compared to 6.1 percent growth in 2015. GDP Annual Growth Rate in Namibia averaged 4.71 percent from 1990 until 2016, reaching an all time high of 21 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)
2016-09-27 12:55 PM Q2 -1.2% 3.4% 3.6%
2016-12-15 12:30 PM Q3 -1% -1.5% -2.9%
2017-04-07 01:50 PM Q4 -3.1% -0.8% 1.42%
2017-06-22 12:30 PM Q1 -3.1%
2017-09-27 12:30 PM Q2 1.69%
2017-12-15 12:30 PM Q3 2.51%




Namibia GDP Last Previous Highest Lowest Unit
GDP Growth Rate -1.70 6.00 14.40 -8.80 percent [+]
GDP Annual Growth Rate -3.10 -0.80 21.00 -6.10 percent [+]
GDP 11.49 12.85 13.02 1.62 USD Billion [+]
GDP Constant Prices 27143.00 27602.00 28011.00 10269.00 NAD Million [+]
Gross National Product 155351.72 146857.00 155351.72 1417.00 NAD Million [+]
Gross Fixed Capital Formation 31729.00 43324.00 43324.00 2916.00 NAD Million [+]
GDP per capita 6000.04 5831.04 6000.04 3507.48 USD [+]
GDP per capita PPP 9778.41 9502.98 9778.41 5716.23 USD [+]
Gdp From Agriculture 907.00 953.00 1492.00 643.00 USD Million [+]
Gdp From Construction 1227.00 1253.00 1962.00 167.00 USD Million [+]
Gdp From Manufacturing 2290.00 2570.00 3378.00 1292.00 USD Million [+]
Gdp From Mining 2286.00 2205.00 2964.00 1075.00 USD Million [+]
Gdp From Public Administration 2900.00 3299.00 4028.40 839.00 USD Million [+]
Gdp From Transport 1544.00 1471.00 1551.00 323.00 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 April of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
-3.10 -0.80 21.00 -6.10 1990 - 2016 percent Quarterly



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