Namibia GDP Annual Growth Rate
The Gross Domestic Product (GDP) in Namibia expanded 1.60 percent in the first quarter of 2014 over the same quarter of the previous year. GDP Annual Growth Rate in Namibia averaged 4.79 Percent from 1990 until 2014, reaching an all time high of 21 Percent in the third quarter of 2004 and a record low of -7.40 Percent in the second quarter of 2009. GDP Annual Growth Rate in Namibia is reported by the Central Bureau of Statistics, Namibia.
||1990 - 2014
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.