Markets Actual Q2 Q3 Q4 Q1 2022
Currency 14.35 14.62 14.77 14.93 15.08 15.4
Stock Market (points) 1405.28 1323 1288 1254 1221 1154

Overview Actual Q2 Q3 Q4 Q1 2022
GDP Growth Rate (%) 8.43 0.7 -0.6 1 -0.5 0.7
GDP Annual Growth Rate (%) -6.00 8 7.5 2.7 2.7 3.2
Unemployment Rate (%) 33.40 36.8 36.8 36.8 36 36
Inflation Rate (%) 3.10 2.4 2.7 3.2 3.2 2.5
Interest Rate (%) 3.75 3.5 3.25 3.25 3.25 3.25
Balance of Trade (NAD Million) -3476.34 -6200 -5100 -3000 -6350 -6200
Current Account (NAD Million) -855.50 -1500 -700 -1000 -1300 -1300
Current Account to GDP (%) 1.90 -2.5 -2.5 -2.5 -2.3 -2.3
Government Debt to GDP (%) 69.60 70.2 70.2 70.2 72 72
Government Budget (% of GDP) -9.50 -10 -10 -10 -8 -8
Corporate Tax Rate (%) 32.00 32 32 32 32 32
Personal Income Tax Rate (%) 37.00 37 37 37 37 37

GDP Actual Q2 Q3 Q4 Q1 2022
GDP Growth Rate (%) 8.43 0.7 -0.6 1 -0.5 0.7
GDP Annual Growth Rate (%) -6.00 8 7.5 2.7 2.7 3.2
GDP (USD Billion) 12.37 11 11 11 11 12.4
GDP Constant Prices (NAD Million) 35164.00 35075 34366 36113 36113 37269
Gross National Product (NAD Million) 173343.23 187542 186674 178023 178023 183720
Gross Fixed Capital Formation (NAD Million) 19654.00 32808 32656 31198 31198 32197
GDP per capita (USD) 5766.00 4800 4800 4800 4800 5350
GDP per capita PPP (USD) 9637.20 9410 9410 9410 9410 9750
GDP From Agriculture (USD Million) 1777.20 3046 1111 1825 1825 1884
GDP From Construction (USD Million) 747.70 595 769 768 768 792
GDP From Manufacturing (USD Million) 4246.40 3907 3634 4361 4361 4501
GDP From Mining (USD Million) 2899.60 3146 2522 2978 2978 3073
GDP From Public Administration (USD Million) 4435.20 4086 5441 4555 4555 4701
GDP From Transport (USD Million) 845.00 765 908 868 868 896

Labour Actual Q2 Q3 Q4 Q1 2022
Unemployment Rate (%) 33.40 36.8 36.8 36.8 36 36
Population (Million) 2.50 2.6 2.6 2.6 2.6 2.64
Employed Persons (Thousand) 725742.00 640000 640000 640000 670000 670000
Labor Force Participation Rate (%) 71.20 71.3 71.3 71.3 71.5 71.5
Unemployed Persons (Thousand) 364411.00 390000 390000 390000 375000 375000
Youth Unemployment Rate (%) 46.10 48.8 48.8 48.8 47 47

Prices Actual Q2 Q3 Q4 Q1 2022
Inflation Rate (%) 3.10 2.4 2.7 3.2 3.2 2.5
Consumer Price Index CPI (points) 144.37 144 145 146 148 150
Food Inflation (%) 6.60 4.7 5.3 6 4.9 4.5
Export Prices (points) 107.20 107 107 107 107 108
Cpi Housing Utilities (points) 134.91 136 137 138 139 141
CPI Transportation (points) 141.16 138 142 140 143 144
Import Prices (points) 97.70 97.6 97.6 97.6 97.6 98
Inflation Rate Mom (%) 0.49 0.3 0.4 0.2 0.3 0.4

Money Actual Q2 Q3 Q4 Q1 2022
Interest Rate (%) 3.75 3.5 3.25 3.25 3.25 3.25
Money Supply M1 (NAD Million) 63176.50 64200 63700 63500 61000 60500
Money Supply M2 (NAD Million) 125205.50 135000 132000 116000 112000 114000
Foreign Exchange Reserves (NAD Million) 32355.74 34000 35000 35000 34300 35500
Deposit Interest Rate (%) 4.16 4.16 3.91 5.4 3.66 3.66
Central Bank Balance Sheet (NAD Million) 32468.60 34500 37000 35600 35000 34500
Lending Rate (%) 7.50 7.5 7.25 10 7 7
Money Supply M0 (NAD Million) 6655.25 8400 7600 7300 7000 6800

Trade Actual Q2 Q3 Q4 Q1 2022
Balance of Trade (NAD Million) -3476.34 -6200 -5100 -3000 -6350 -6200
Current Account (NAD Million) -855.50 -1500 -700 -1000 -1300 -1300
Current Account to GDP (%) 1.90 -2.5 -2.5 -2.5 -2.3 -2.3
Imports (NAD Million) 19147.82 18500 20000 19800 20500 21200
Exports (NAD Million) 15671.48 13400 13600 13450 137000 15000
Capital Flows (NAD Million) -2634.50 300 -1000 -750 1000 -600
External Debt (NAD Million) 33065.00 38000 38000 38000 40000 40000
Foreign Direct Investment (NAD Million) 251.54 -600 -1000 -1400 400 800
Terms Of Trade (points) 109.70 110 110 110 110 108
Tourist Arrivals (Persons) 1595973.00 1300000 1300000 1300000 145000 1450000

Government Actual Q2 Q3 Q4 Q1 2022
Government Debt to GDP (%) 69.60 70.2 70.2 70.2 72 72
Government Budget (% of GDP) -9.50 -10 -10 -10 -8 -8
Government Spending (NAD Million) 39311.00 42638 42441 40546 40546 41843
Government Debt (NAD Million) 111507.00 112000 112000 112000 114000 114000
Military Expenditure (USD Million) 427.00 430 430 430 470 470

Taxes Actual Q2 Q3 Q4 Q1 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 Q2 Q3 Q4 Q1 2022
Mining Production (%) -11.00 4 25 14 8 15

Consumer Actual Q2 Q3 Q4 Q1 2022
Consumer Spending (NAD Million) 99451.00 116367 115828 110656 110656 114197
Disposable Personal Income (NAD Million) 173907.00 189219 188343 178602 178602 184318


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.