Markets Actual Q4 Q1 Q2 Q3 2021
Currency 15.25 15.41 15.57 15.73 15.9 16.23
Stock Market (points) 1185.94 1157 1126 1096 1067 1009

Overview Actual Q4 Q1 Q2 Q3 2021
GDP Growth Rate (%) -7.47 -4 -3 -2.5 1.3 -2.5
GDP Annual Growth Rate (%) -11.10 -8 -3 1.2 2 2.1
Unemployment Rate (%) 33.40 37 36.8 36.8 36.8 36.8
Inflation Rate (%) 2.30 2.3 2.3 2.2 2.3 2.4
Interest Rate (%) 3.75 3.75 3.5 3.5 3.25 3.25
Balance of Trade (NAD Million) 917.60 -2000 -4800 -4100 -6400 -4550
Current Account (NAD Million) 5110.40 -1400 -1400 -700 -500 -700
Current Account to GDP (%) -2.30 -4 -3.5 -3.5 -3.5 -3.5
Government Debt to GDP (%) 53.30 70 64 64 64 64
Government Budget (% of GDP) -4.50 -8.6 -7.2 -7.2 -7.2 -7.2
Corporate Tax Rate (%) 32.00 32 32 32 32 32
Personal Income Tax Rate (%) 37.00 37 37 37 37 37

GDP Actual Q4 Q1 Q2 Q3 2021
GDP Growth Rate (%) -7.47 -4 -3 -2.5 1.3 -2.5
GDP Annual Growth Rate (%) -11.10 -8 -3 1.2 2 2.1
GDP (USD Billion) 12.37 10.3 11 11 11 11
GDP Constant Prices (NAD Million) 32024.80 34106 32998 32409 32665 34822
Gross National Product (NAD Million) 173649.85 159758 168440 175734 177123 163113
Gross Fixed Capital Formation (NAD Million) 30378.00 27948 29467 30743 30986 28535
GDP per capita (USD) 5766.00 5200 4800 4800 4800 4800
GDP per capita PPP (USD) 9637.20 9250 9410 9410 9410 9410
GDP From Agriculture (USD Million) 2419.80 1506 824 2449 2468 1538
GDP From Construction (USD Million) 752.90 877 867 762 768 895
GDP From Manufacturing (USD Million) 3565.80 4182 4135 3609 3637 4270
GDP From Mining (USD Million) 2918.40 3216 3494 2953 2977 3284
GDP From Public Administration (USD Million) 3818.10 4061 3747 3864 3894 4146
GDP From Transport (USD Million) 708.00 841 1125 1174 1183 859

Labour Actual Q4 Q1 Q2 Q3 2021
Unemployment Rate (%) 33.40 37 36.8 36.8 36.8 36.8
Population (Million) 2.46 2.56 2.6 2.6 2.6 2.6
Labor Force Participation Rate (%) 71.20 71 71.3 71.3 71.3 71.3
Employed Persons (Thousand) 725742.00 630000 670000 670000 670000 670000
Unemployed Persons (Thousand) 364411.00 385000 380000 380000 380000 380000
Youth Unemployment Rate (%) 46.10 48.8 48.8 48 48 48

Prices Actual Q4 Q1 Q2 Q3 2021
Inflation Rate (%) 2.30 2.3 2.3 2.2 2.3 2.4
Consumer Price Index CPI (points) 141.65 142 143 143 145 145
Food Inflation (%) 7.10 6.4 5 4.7 4.3 4
Import Prices (points) 97.70 97 97.6 97.6 97.6 97.6
Inflation Rate Mom (%) 0.05 0.2 0.3 0.5 0.4 0.5
Export Prices (points) 107.20 106 107 107 107 107
Cpi Housing Utilities (points) 133.39 138 137 136 136 142
CPI Transportation (points) 135.22 141 141 137 141 144

Money Actual Q4 Q1 Q2 Q3 2021
Interest Rate (%) 3.75 3.75 3.5 3.5 3.25 3.25
Foreign Exchange Reserves (NAD Million) 32665.80 35000 35000 34000 35000 35000
Deposit Interest Rate (%) 5.70 5.4 5.7 5.45 5.45 5.4
Lending Rate (%) 7.50 10 7.5 7.25 7.25 10
Money Supply M0 (NAD Million) 6997.40 8600 8600 8600 8600 8030
Central Bank Balance Sheet (NAD Million) 31761.50 35000 36700 36500 37000 37000

Trade Actual Q4 Q1 Q2 Q3 2021
Balance of Trade (NAD Million) 917.60 -2000 -4800 -4100 -6400 -4550
Current Account (NAD Million) 5110.40 -1400 -1400 -700 -500 -700
Current Account to GDP (%) -2.30 -4 -3.5 -3.5 -3.5 -3.5
Imports (NAD Million) 13124.80 14500 16800 17500 20000 18000
Exports (NAD Million) 14042.50 12500 12000 13400 13600 13450
Capital Flows (NAD Million) 5217.80 -1000 1300 300 -1000 -750
Foreign Direct Investment (NAD Million) -2082.35 -2000 -1400 1400 800 1200
External Debt (NAD Million) 32155.60 38500 38000 38000 38000 38000
Terms Of Trade (points) 109.70 109 110 110 110 110
Tourist Arrivals (Persons) 1595973.00 1300000 1450000 1450000 1450000 1450000

Government Actual Q4 Q1 Q2 Q3 2021
Government Debt to GDP (%) 53.30 70 64 64 64 64
Government Budget (% of GDP) -4.50 -8.6 -7.2 -7.2 -7.2 -7.2
Government Spending (NAD Million) 39480.00 36322 38296 39954 40270 37084
Government Debt (NAD Million) 86647.30 97000 97000 97000 97000 97000
Military Expenditure (USD Million) 436.00 380 380 380 380 420

Taxes Actual Q4 Q1 Q2 Q3 2021
Corporate Tax Rate (%) 32.00 32 32 32 32 32
Personal Income Tax Rate (%) 37.00 37 37 37 37 37
Sales Tax Rate (%) 15.00 15 15 15 15 15

Business Actual Q4 Q1 Q2 Q3 2021
Mining Production (%) -22.60 -10 12 5 -3 6

Consumer Actual Q4 Q1 Q2 Q3 2021
Consumer Spending (NAD Million) 107747.00 99127 104515 109040 109902 101209
Disposable Personal Income (NAD Million) 131952.00 121396 127993 133535 134591 123945


This page has economic forecasts for Namibia including a long-term outlook for the next decades, plus medium-term expectations for the next four quarters and short-term market predictions for the next release affecting the Namibia economy.