The Gross Domestic Product (GDP) in Namibia expanded 2.72 percent in the second quarter of 2022 over the previous quarter. source: Central Bureau of Statistics, Namibia

GDP Growth Rate in Namibia averaged 1.31 percent from 2004 until 2022, 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 - data, historical chart, forecasts and calendar of releases - was last updated on November of 2022.

GDP Growth Rate in Namibia is expected to be 3.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Namibia GDP Growth Rate is projected to trend around 0.80 percent in 2023 and 1.00 percent in 2024, according to our econometric models.

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Namibia GDP Growth Rate

Calendar GMT Actual Previous Consensus TEForecast
2013-03-14 01:30 PM Q4 2012 4.30% -3.70%

Related Last Previous Unit Reference
GDP Growth Rate 2.72 -0.56 percent Jun 2022
GDP Annual Growth Rate 5.60 6.50 percent Jun 2022
GDP Constant Prices 36037.70 34406.90 NAD Million Jun 2022
Gross National Product 177995.29 173343.23 NAD Million Dec 2021
Gross Fixed Capital Formation 20227.00 19366.00 NAD Million Dec 2021
GDP from Utilities 821.20 846.30 USD Million Jun 2022
GDP from Transport 954.00 1083.00 USD Million Jun 2022
GDP from Services 3264.60 3113.70 USD Million Jun 2022
GDP from Public Administration 3880.20 3780.80 USD Million Jun 2022
GDP from Mining 3910.10 3558.90 USD Million Jun 2022
GDP from Manufacturing 3906.30 3803.80 USD Million Jun 2022
GDP from Construction 443.90 609.00 USD Million Jun 2022
GDP from Agriculture 2794.70 1049.30 USD Million Jun 2022

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.
Actual Previous Highest Lowest Dates Unit Frequency
2.72 -0.56 29.90 -8.80 2004 - 2022 percent Quarterly