Markets Actual Q3 Q4 Q1 Q2 2022
Currency 14.84 14.63 14.81 14.99 15.17 15.55
Stock Market (points) 1360.05 875 563 362 233 96.19

Overview Actual Q3 Q4 Q1 Q2 2022
GDP Growth Rate (%) -6.11 -3.5 -2 -1.5 -0.8 0.3
GDP Annual Growth Rate (%) -6.50 7.5 2.7 2.3 2.1 2.4
Unemployment Rate (%) 2.79 36.8 36.8 36 36 36
Inflation Rate (%) 4.10 3.8 3.6 3.4 3.2 3
Interest Rate (%) 3.75 3.5 3.5 3.25 3.25 3.25
Balance of Trade (NAD Million) -8268.41 -5100 -3000 -5550 -6400 -6000
Current Account (NAD Million) -4001.50 -700 -1000 -1300 2000 -700
Current Account to GDP (% of GDP) 1.90 -2.1 -2.1 -1.8 -1.8 -1.8
Government Debt to GDP (% of GDP) 69.60 70.2 70.2 72 72 72
Government Budget (% of GDP) -9.50 -8.5 -8.5 -8.2 -8.2 -8.2
Corporate Tax Rate (%) 32.00 32 32 32 32 32
Personal Income Tax Rate (%) 37.00 37 37 37 37 37

GDP Actual Q3 Q4 Q1 Q2 2022
GDP Growth Rate (%) -6.11 -3.5 -2 -1.5 -0.8 0.3
GDP Annual Growth Rate (%) -6.50 7.5 2.7 2.3 2.1 2.4
GDP (USD Billion) 10.70 11 11 12.5 12.5 12.5
GDP Constant Prices (NAD Million) 31938.70 35075 28386 36113 35973 36980
Gross National Product (NAD Million) 173343.23 187542 187866 178023 177330 182296
Gross Fixed Capital Formation (NAD Million) 19654.00 25247 24085 20185 20106 20669
GDP per capita (USD) 5312.95 4800 4800 4800 4800 5350
GDP per capita PPP (USD) 8893.81 9410 9410 9410 9410 9750
GDP From Agriculture (USD Million) 930.20 3046 1072 1825 1818 1869
GDP From Construction (USD Million) 537.80 595 1250 768 765 786
GDP From Manufacturing (USD Million) 3001.20 3907 2800 4361 4344 4466
GDP From Mining (USD Million) 2979.30 3146 2927 2978 2966 3049
GDP From Public Administration (USD Million) 3891.70 4086 3179 4555 4537 4664
GDP From Transport (USD Million) 1005.00 765 1524 868 864 889

Labour Actual Q3 Q4 Q1 Q2 2022
Unemployment Rate (%) 2.79 36.8 36.8 36 36 36
Population (Million) 2.50 2.6 2.6 2.6 2.6 2.64
Labor Force Participation Rate (%) 71.20 71.3 71.3 71.5 71.5 71.5
Employed Persons (Thousand) 725742.00 640000 640000 670000 670000 670000
Unemployed Persons (Thousand) 364411.00 410000 410000 395000 395000 395000
Youth Unemployment Rate (%) 46.10 50.3 50.3 49 49 49

Prices Actual Q3 Q4 Q1 Q2 2022
Inflation Rate (%) 4.10 3.8 3.6 3.4 3.2 3
Consumer Price Index CPI (points) 146.00 147 147 149 151 151
Food Inflation (%) 7.30 6.5 6 4.9 5 4.5
Import Prices (points) 97.70 97.6 97.6 97.6 97.6 98
Inflation Rate Mom (%) 0.50 0.4 0.3 0.3 0.2 0.2
Export Prices (points) 107.20 107 107 107 107 108
Cpi Housing Utilities (points) 134.97 138 138 140 139 142
CPI Transportation (points) 147.30 144 141 146 152 145

Money Actual Q3 Q4 Q1 Q2 2022
Interest Rate (%) 3.75 3.5 3.5 3.25 3.25 3.25
Money Supply M1 (NAD Million) 61385.80 63700 63500 61000 62400 62000
Money Supply M2 (NAD Million) 121787.20 127000 124000 125000 122000 120000
Foreign Exchange Reserves (NAD Million) 39007.97 33400 34500 34300 33800 34000
Deposit Interest Rate (%) 4.16 4.16 5.4 3.91 3.66 3.66
Lending Rate (%) 8.50 8.5 10 8.25 8 8
Money Supply M0 (NAD Million) 8622.59 8400 7300 7000 7500 7250
Central Bank Balance Sheet (NAD Million) 41862.10 37000 35800 35000 34000 34500

Trade Actual Q3 Q4 Q1 Q2 2022
Balance of Trade (NAD Million) -8268.41 -5100 -3000 -5550 -6400 -6000
Current Account (NAD Million) -4001.50 -700 -1000 -1300 2000 -700
Current Account to GDP (% of GDP) 1.90 -2.1 -2.1 -1.8 -1.8 -1.8
Imports (NAD Million) 17297.74 17800 19000 20500 21100 21000
Exports (NAD Million) 9029.32 13600 13450 14100 15000 15000
Capital Flows (NAD Million) -3373.10 -1000 -750 1000 -300 -600
Foreign Direct Investment (NAD Million) 251.54 -1000 -1200 400 280 500
External Debt (NAD Million) 33065.00 32500 32500 33100 33100 33100
Terms Of Trade (points) 109.70 110 110 110 110 108
Tourist Arrivals (Persons) 1595973.00 1300000 1300000 1450000 1450000 1450000

Government Actual Q3 Q4 Q1 Q2 2022
Government Debt to GDP (% of GDP) 69.60 70.2 70.2 72 72 72
Government Budget (% of GDP) -9.50 -8.5 -8.5 -8.2 -8.2 -8.2
Government Spending (NAD Million) 39311.00 43116 29914 40372 40215 41341
Government Debt (NAD Million) 111507.00 112000 112000 114000 114000 114000
Military Expenditure (USD Million) 417.00 430 430 470 470 470

Taxes Actual Q3 Q4 Q1 Q2 2022
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 Q3 Q4 Q1 Q2 2022
Mining Production (%) -39.00 25 16 45 12 15

Consumer Actual Q3 Q4 Q1 Q2 2022
Consumer Spending (NAD Million) 99451.00 118433 87330 102136 101738 104587
Disposable Personal Income (NAD Million) 173907.00 189219 142163 178602 177907 182889


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.