The Gross Domestic Product (GDP) in Namibia contracted 0.86 percent in the third quarter of 2019 over the previous quarter. Namibia GDP Growth Rate - data, historical chart, and calendar of releases - was last updated on February of 2020 from its official source.

GDP Growth Rate in Namibia averaged 1.68 percent from 2004 until 2019, 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.

GDP Growth Rate in Namibia is expected to be -0.30 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 1.40 in 12 months time. In the long-term, the Namibia GDP Growth Rate is projected to trend around 1.60 percent in 2021, according to our econometric models.


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Namibia GDP Growth Rate

Actual Previous Highest Lowest Dates Unit Frequency
-0.86 1.84 29.90 -8.80 2004 - 2019 percent Quarterly


Namibia GDP Growth Rate
Namibia has one of the biggest GDP per capita in Africa. Yet, due to an uneven distribution of income, half of the population lives below the poverty line. The Namibian economy is dependent on the extraction and processing of minerals like diamonds, uranium, lead, zinc, tin, silver, and tungsten. Subsistence agriculture is the main source of income for 50% of Namibians.