Markets Actual Q1 Q2 Q3 Q4 2021
Stock Market (points) 1207.56 1224 1207 1191 1176 1144
Currency 15.22 15.15 15.31 15.47 15.63 15.95

Overview Actual Q1 Q2 Q3 Q4 2021
GDP Growth Rate (%) -0.86 -0.3 -0.6 0.7 1.4 1.6
GDP Annual Growth Rate (%) -0.80 -1.6 0.3 0.6 0.9 1.5
Unemployment Rate (%) 33.40 33.8 33.8 33.8 33.8 34.6
Inflation Rate (%) 2.10 2 3.5 4 4.5 4.7
Interest Rate (%) 6.25 6.25 6.25 6 6 5.5
Balance of Trade (NAD Million) -5645.80 -1900 -1450 -2440 -2600 -2500
Current Account (NAD Million) -1053.40 1300 300 -420 -700 -1000
Current Account to GDP (%) -2.10 -1.9 -1.9 -1.9 -1.9 -1.7
Government Debt to GDP (%) 45.10 51 51 51 51 52
Government Budget (% of GDP) -4.40 -3.8 -3.8 -3.8 -3.8 -3.5
Corporate Tax Rate (%) 32.00 32 32 32 32 32
Personal Income Tax Rate (%) 37.00 37 37 37 37 37

GDP Actual Q1 Q2 Q3 Q4 2021
GDP Growth Rate (%) -0.86 -0.3 -0.6 0.7 1.4 1.6
GDP Annual Growth Rate (%) -0.80 -1.6 0.3 0.6 0.9 1.5
GDP (USD Billion) 14.52 16 16 16 16 18
GDP Constant Prices (NAD Million) 35986.00 34606 35790 36094 36310 36855
Gross National Product (NAD Million) 180548.92 177660 180820 181091 182174 184906
Gross Fixed Capital Formation (NAD Million) 19971.00 19651 20001 20031 20151 20453
GDP per capita (USD) 6073.20 5870 5870 5870 5870 5760
GDP per capita PPP (USD) 9897.63 10150 9509 9509 9426 9426
GDP From Agriculture (USD Million) 909.40 784 1351 912 918 931
GDP From Construction (USD Million) 914.10 765 773 917 922 936
GDP From Manufacturing (USD Million) 4541.60 4488 4728 4555 4582 4651
GDP From Mining (USD Million) 3419.42 3676 3037 3430 3450 3502
GDP From Public Administration (USD Million) 5226.40 3961 4094 5242 5273 5353
GDP From Transport (USD Million) 1103.86 1226 1005 1107 1114 1131

Labour Actual Q1 Q2 Q3 Q4 2021
Unemployment Rate (%) 33.40 33.8 33.8 33.8 33.8 34.6
Population (Million) 2.48 2.56 2.56 2.56 2.56 2.6
Unemployed Persons (Thousand) 364411.00 372000 372000 372000 372000 373500
Youth Unemployment Rate (%) 46.10 48 48 48 48 47.2
Labor Force Participation Rate (%) 71.20 71 71 71 71 71.3
Employed Persons (Thousand) 725742.00 760000 760000 760000 760000 757000

Prices Actual Q1 Q2 Q3 Q4 2021
Inflation Rate (%) 2.10 2 3.5 4 4.5 4.7
Consumer Price Index CPI (points) 139.42 140 142 144 145 152
Food Inflation (%) 1.70 4 4.3 4.5 4.4 4.7
Inflation Rate Mom (%) 0.64 0.3 0.2 0.2 0.1 0.3
Cpi Housing Utilities (points) 133.51 137 139 141 141 148
CPI Transportation (points) 137.83 135 140 142 144 150

Money Actual Q1 Q2 Q3 Q4 2021
Interest Rate (%) 6.25 6.25 6.25 6 6 5.5
Foreign Exchange Reserves (NAD Million) 28847.29 34800 35700 35300 35600 36400
Deposit Interest Rate (%) 5.90 5.9 5.9 5.9 5.9 5.9
Lending Rate (%) 10.25 10.25 10.25 10.25 10.25 10.25
Money Supply M0 (NAD Million) 7080.92 8028 8600 8600 8600 8030
Central Bank Balance Sheet (NAD Million) 31564.40 38000 33600 37200 37300 38500

Trade Actual Q1 Q2 Q3 Q4 2021
Balance of Trade (NAD Million) -5645.80 -1900 -1450 -2440 -2600 -2500
Current Account (NAD Million) -1053.40 1300 300 -420 -700 -1000
Current Account to GDP (%) -2.10 -1.9 -1.9 -1.9 -1.9 -1.7
Imports (NAD Million) 19842.60 16400 14800 21200 20300 21000
Exports (NAD Million) 14196.80 14500 13350 18760 17700 18500
Capital Flows (NAD Million) -392.50 -1333 -700 -700 -700 -1620
Tourist Arrivals (Persons) 1530246.00 1610000 1610000 1610000 1610000 1640000
Foreign Direct Investment (NAD Million) -679.40 2300 1480 900 1550 1650
External Debt (NAD Million) 32155.60 36400 36400 36400 36400 35700

Government Actual Q1 Q2 Q3 Q4 2021
Government Debt to GDP (%) 45.10 51 51 51 51 52
Government Budget (% of GDP) -4.40 -3.8 -3.8 -3.8 -3.8 -3.5
Government Spending (NAD Million) 27927.00 27480 27969 28011 28178 28601
Government Debt (NAD Million) 86647.30 97000 97000 97000 97000 97000
Military Expenditure (USD Million) 436.00 380 380 380 380 420

Taxes Actual Q1 Q2 Q3 Q4 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 Q1 Q2 Q3 Q4 2021
Mining Production (%) 2.50 -5 4.8 12 15 25

Consumer Actual Q1 Q2 Q3 Q4 2021
Consumer Spending (NAD Million) 87400.00 86002 87531 87662 88187 89509
Disposable Personal Income (NAD Million) 142724.00 140440 142938 143152 144009 146169


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.