The Namibian economy contracted 2.0 percent year-on-year in the first quarter of 2019, the most since Q4 2017, after an upwardly revised 1.9 percent decline in the previous period. Main negative contributions came from construction (-27.8% vs -30.6% in Q4); hotels & restaurants (-8.7% vs -4.2%); wholesale & retail trade (-6.7% vs -9.7%); agriculture (-6.7% vs -5.5%); public administration (-1.2% vs -0.4%); transport & communication (-0.5% vs 5.1%) and mining & quarrying (-1.1% vs 5.7%). In addition, output slowed markedly in fishing (1.1% vs 10.8%); electricity & water (2.7% vs 9.6%) and financial intermediation (1.4% vs 2.5%). In contrast, growth accelerated in manufacturing (3.6% vs 3.5%) and education rebounded (1.3% vs -3.2%). GDP Annual Growth Rate in Namibia averaged 4.12 percent from 1990 until 2019, reaching an all time high of 21 percent in the third quarter of 2004 and a record low of -6.10 percent in the first quarter of 2009.

GDP Annual Growth Rate in Namibia is expected to be 0.20 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Annual Growth Rate in Namibia to stand at 0.80 in 12 months time. In the long-term, the Namibia GDP Annual Growth Rate is projected to trend around 2.60 percent in 2020, according to our econometric models.

Namibia GDP Annual Growth Rate
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Calendar GMT Actual Previous Consensus TEForecast
2018-09-20 10:10 AM GDP Growth Rate YoY Q2 -0.2% -0.2% 1.1%
2018-12-17 12:00 PM GDP Growth Rate YoY Q3 -0.8% -0.3% 0.5%
2019-03-29 11:50 AM GDP Growth Rate YoY Q4 -1.7% -0.1% -0.2%
2019-06-20 02:55 PM GDP Growth Rate YoY Q1 -2.0% -1.9% -0.6%
2019-09-20 10:10 AM GDP Growth Rate YoY Q2 -2.0% 0.2%
2019-12-13 12:30 PM GDP Growth Rate YoY Q3 0.4%


Namibia GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.62 -1.73 13.30 -8.80 percent [+]
GDP Annual Growth Rate -2.00 -1.90 21.00 -6.10 percent [+]
GDP 14.52 13.57 14.52 1.61 USD Billion [+]
GDP Constant Prices 27026.00 27204.70 28302.10 10269.00 NAD Million [+]
Gross National Product 180548.92 173754.81 180548.92 1417.00 NAD Million [+]
Gross Fixed Capital Formation 19971.00 23147.00 42913.00 2916.00 NAD Million [+]
GDP per capita 6073.20 6193.20 6412.10 3505.60 USD [+]
GDP per capita PPP 9897.63 10093.23 10449.95 5713.20 USD [+]
GDP From Agriculture 924.60 974.80 1492.00 643.00 USD Million [+]
GDP From Construction 788.60 831.10 1961.10 167.00 USD Million [+]
GDP From Manufacturing 2833.90 2775.50 3378.00 1292.00 USD Million [+]
GDP From Mining 2992.00 2970.90 3445.40 1075.00 USD Million [+]
GDP From Public Administration 3265.40 3055.20 4024.40 839.00 USD Million [+]
GDP From Services 2257.80 2257.80 2257.80 1578.80 USD Million [+]
GDP From Transport 1425.24 1464.49 1594.12 323.00 USD Million [+]
GDP From Utilities 593.10 507.20 621.00 158.60 USD Million [+]


Namibia GDP Annual Growth Rate

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 the latest reported value for - Namibia GDP Annual Growth Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Namibia GDP Annual Growth Rate - actual data, historical chart and calendar of releases - was last updated on July of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
-2.00 -1.90 21.00 -6.10 1990 - 2019 percent Quarterly




Country Last Previous
China 6.20 Jun/19
India 5.80 Mar/19
Indonesia 5.07 Mar/19
United States 3.20 Mar/19
Spain 2.40 Mar/19
Australia 1.80 Mar/19
United Kingdom 1.80 Mar/19
Netherlands 1.70 Mar/19
Saudi Arabia 1.70 Mar/19
South Korea 1.70 Mar/19
Switzerland 1.70 Mar/19
Canada 1.30 Mar/19
Euro Area 1.20 Mar/19
France 1.20 Mar/19
Mexico 1.20 Mar/19
Japan 0.90 Mar/19
Germany 0.70 Mar/19
Brazil 0.50 Mar/19
Russia 0.50 Mar/19
Singapore 0.10 Jun/19
South Africa 0.00 Mar/19
Italy -0.10 Mar/19
Turkey -2.60 Mar/19
Argentina -5.80 Mar/19


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