The Gross Domestic Product (GDP) in Namibia contracted 2.59 percent in the first quarter of 2020 over the previous quarter.
GDP Growth Rate in Namibia averaged 1.60 percent from 2004 until 2020, reaching an all time high of 29.90 percent in the first quarter of 2013 and a record low of -8.80 percent in the fourth quarter of 2004. This page provides - Namibia GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Namibia GDP Growth Rate - values, historical data and charts - was last updated on August of 2020.
GDP Growth Rate in Namibia is expected to be -3.70 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Growth Rate in Namibia to stand at -2.50 in 12 months time. In the long-term, the Namibia GDP Growth Rate is projected to trend around -2.50 percent in 2021 and 0.60 percent in 2022, according to our econometric models.