Namibia Economic Statistics and Indicators

19, Nov 2018, EST. Welcome to the Namibia economic statistics pages provided by the beta version of EconomyWatch.com's Econ Stats database.

Economic Indicators For: Namibia › Change country
National or Regional Currency: Namibian Dollar, NAD
Year of data: 2015 › Change year
Number of Indicators Listed: 35
Full Dataset: From Year 1980 to 2019
Date of Last Update: 17th March 2015
Population: 2,198,406 ; note: estimates for this country explicitly take into account the effects of excess mortality due to AIDS; this can result in lower life expectancy, higher infant mortality, higher death rates, lower population growth rates, and changes in the distribution of population by age and sex than would otherwise be expected (July 2014 est.)
Area: total: 824,292 sq km ; land: 823,290 sq km ; water: 1,002 sq km
Natural Resources: diamonds, copper, uranium, gold, silver, lead, tin, lithium, cadmium, tungsten, zinc, salt, hydropower, fish ; note: suspected deposits of oil, coal, and iron ore
Capital: name: Windhoek ; geographic coordinates: 22 34 S, 17 05 E ; time difference: UTC+1 (6 hours ahead of Washington, DC, during Standard Time) ; daylight saving time: +1hr, begins first Sunday in September; ends first Sunday in April

The economy is heavily dependent on the extraction and processing of minerals for export. Mining accounts for 11.5% of GDP, but provides more than 50% of foreign exchange earnings. Rich alluvial diamond deposits make Namibia a primary source for gem-quality diamonds. Marine diamond mining is becoming increasingly important as the terrestrial diamond supply has dwindled. Namibia is the world's fourth-largest producer of uranium. It also produces large quantities of zinc and is a small producer of gold and other minerals. The mining and quarrying sectors employs only about 1.8% of the population. Namibia normally imports about 50% of its cereal requirements; in drought years food shortages are a major problem in rural areas. A high per capita GDP, relative to the region, hides one of the world's most unequal income distributions, as shown by Namibia's 59.7 GINI coefficient. The Namibian economy is closely linked to South Africa with the Namibian dollar pegged one-to-one to the South African rand. Namibia receives 30%-40% of its revenues from the Southern African Customs Union (SACU). Volatility in the size of Namibia's annual SACU allotment complicates budget planning. Namibia's economy remains vulnerable to volatility in the price of uranium and other commodities. The rising cost of mining diamonds, increasingly from the sea, has reduced profit margins. Namibian authorities recognize these issues and have emphasized the need to increase higher value raw materials, manufacturing, and services, especially in the logistics and transportation sectors.
More on the Namibia Economy
More on the Namibia Export, Import and Trade

Economic Indicator Listing
  For Namibia in year 2015 Indicator Value
GDP Growth (Constant Prices, National Currency) 4.499 %
GDP (Current Prices, National Currency)NAD 163.641 Billion.
GDP (Current Prices, US Dollars)US$ 12.832 Billion
GDP Deflator 313.441 (Index, Base Year as per country's accounts = 100)
GDP Per Capita (Constant Prices, National Currency)NAD 23,503.43 .
GDP Per Capita (Current Prices, National Currency)NAD 73,669.47 .
GDP Per Capita (Current Prices, US Dollars)US$ 5,776.90
GDP (PPP), US DollarsUS$ 25.341 Billion
GDP Per Capita (PPP), US DollarsUS$ 11,408.18
GDP Share of World Total (PPP) 0.022 %
Implied PPP Conversion Rate 6.458
Investment (% of GDP) 29.414 %
Gross National Savings (% of GDP) 19.649 %
Inflation, Average Consumer Prices (Indexed to Year 2000) 112.275 (Index, Base Year 2000 = 100)
Inflation (Average Consumer Price Change %) 3.4 %
Inflation, End of Year (Indexed to Year 2000) 113.595 (Index, Base Year 2000 = 100)
Inflation (End of Year Change %) 3.5 %
Import Volume of All Items Including Goods and Services (Percent Change) -4.103 %
Import Volumes of Goods Only (Percent Change) -4.103 %
Export Volume of All Items Including Goods and Services (Percent Change) -4.31 %
Export Volumes of Goods Only (Percent Change) -4.31 %
Population 2.221 Million
General government revenue (National Currency)NAD 55.113 Billions.
General government revenue (% of GDP) 33.68 %
General government total expenditure (National Currency)NAD 64.751 Billions.
General government total expenditure (% of GDP) 39.569 %
Total Government Net Lending/ Borrowing (National Currency)NAD -9.638 Billions.
Total Government Net Lending/ Borrowing (% of GDP) -5.89 %
Fiscal Year Gross Domestic Product, Current PricesNAD 163.641 Billions.
Current Account Balance (US Dollars)US$ -1.253 Billion
Current Account Balance (% GDP) -9.766 %
Economic Indicators for Namibia 2015

GDP (Constant Prices, National Currency) for Namibia in year 2015 is NAD 52.208 Billion.

GDP Growth (Constant Prices, National Currency) for Namibia in year 2015 is 4.499 %.

GDP (Current Prices, National Currency) for Namibia in year 2015 is NAD 163.641 Billion.

GDP (Current Prices, US Dollars) for Namibia in year 2015 is US$ 12.832 Billion.

GDP Deflator for Namibia in year 2015 is 313.441 (Index, Base Year as per country's accounts = 100).

GDP Per Capita (Constant Prices, National Currency) for Namibia in year 2015 is NAD 23,503.43 .

GDP Per Capita (Current Prices, National Currency) for Namibia in year 2015 is NAD 73,669.47 .

GDP Per Capita (Current Prices, US Dollars) for Namibia in year 2015 is US$ 5,776.90 .

GDP (PPP), US Dollars for Namibia in year 2015 is US$ 25.341 Billion.

GDP Per Capita (PPP), US Dollars for Namibia in year 2015 is US$ 11,408.18 .

GDP Share of World Total (PPP) for Namibia in year 2015 is 0.022 %.

Implied PPP Conversion Rate for Namibia in year 2015 is 6.458 .

Investment (% of GDP) for Namibia in year 2015 is 29.414 %.

Gross National Savings (% of GDP) for Namibia in year 2015 is 19.649 %.

Inflation, Average Consumer Prices (Indexed to Year 2000) for Namibia in year 2015 is 112.275 (Index, Base Year 2000 = 100).

Inflation (Average Consumer Price Change %) for Namibia in year 2015 is 3.4 %.

Inflation, End of Year (Indexed to Year 2000) for Namibia in year 2015 is 113.595 (Index, Base Year 2000 = 100).

Inflation (End of Year Change %) for Namibia in year 2015 is 3.5 %.

Import Volume of All Items Including Goods and Services (Percent Change) for Namibia in year 2015 is -4.103 %.

Import Volumes of Goods Only (Percent Change) for Namibia in year 2015 is -4.103 %.

Export Volume of All Items Including Goods and Services (Percent Change) for Namibia in year 2015 is -4.31 %.

Export Volumes of Goods Only (Percent Change) for Namibia in year 2015 is -4.31 %.

Population for Namibia in year 2015 is 2.221 Million .

General government revenue (National Currency) for Namibia in year 2015 is NAD 55.113 Billions.

General government revenue (% of GDP) for Namibia in year 2015 is 33.68 %.

General government total expenditure (National Currency) for Namibia in year 2015 is NAD 64.751 Billions.

General government total expenditure (% of GDP) for Namibia in year 2015 is 39.569 %.

Total Government Net Lending/ Borrowing (National Currency) for Namibia in year 2015 is NAD -9.638 Billions.

Total Government Net Lending/ Borrowing (% of GDP) for Namibia in year 2015 is -5.89 %.

Fiscal Year Gross Domestic Product, Current Prices for Namibia in year 2015 is NAD 163.641 Billions.

Current Account Balance (US Dollars) for Namibia in year 2015 is US$ -1.253 Billion.

Current Account Balance (% GDP) for Namibia in year 2015 is -9.766 %.

* Source: IMF
Aggregate Indicators for Namibia
Indicators
  Geography (Location, geographic coordinates, map references, area, terrain, elevation extremes, borders, coastline and maritime claims) for Namibia
  Climate and Environment (climate, environmental issues, environmental agreements, natural hazards) for Namibia
  Natural Resources, Agricultural Products, Land Use and Water Use for Namibia
  Nationality, Ethnic Groups, Languages and Religions for Namibia
  Telephone Statistics: Number of Fixed Lines, Mobile Phone Penetration Rate for Namibia
  Age Structure, Median Age, Gender and Urbanization for Namibia
  Population Growth Rate, Birth Rate, Death Rate, Net Migration Rate for Namibia
  Life Expectancy Rate, Infant Mortality Rate and Total Fertility Rate for Namibia
  HIV, AIDS and Other Major Infectious Disease Rates for Namibia
  Literacy Rate, Educational Expenditure and School Life Expectancy for Namibia
  Gross Domestic Product (PPP, Official Exchange Rate, Real Growth Rate and Per Capita) for Namibia
  Industries and Industrial Growth Production Rate for Namibia
  Labor Force by Occupation for Namibia
  Poverty Line, Gini Index, Household Income and Consumption for Namibia
  National Budget and Public Debt for Namibia
  Bank Rates (Commercial Bank Prime Lending Rate, Central Bank Discount Rate) for Namibia
  Stock of Money, Stock of Quasi Money, Stock of Domestic Credit for Namibia
  Stock Market Capitalization: Market Value of Publicly Traded Shares for Namibia
  Trade Statistics, Export Statistics, Export Partners and Products, Import Statistics, Import Partners and Products for Namibia
  Foreign Exchange Reserves and Gold Reserves for Namibia
  FDI Statistics (Foreign Direct Investment at Home/ Inbound FDI, Foreign Direct Investment Abroad/ Outbound FDI) for Namibia
  Exchange Rate Statistics for Namibia
  Electricity Production, Electricity Consumption, Electricity Exports and Electricity Imports for Namibia
  Oil Production, Proven Oil Reserves, Oil Consumption, Oil Exports and Oil Imports for Namibia
  Natural Gas Production, Proven Natural Gas Reserves, Natural Gas Consumption, Natural Gas Exports and Natural Gas Imports for Namibia
  Television and Radio Statistics (TV Stats, Radio Stats) for Namibia
  Internet Statistics (Internet Users, Internet Hosts, Country TLD) for Namibia
  Airport Statistics (Paved Runway Airports, Unpaved Runway Airports, Heliports) for Namibia
  Transport Statistics (Railways, Roadways, Waterways, Ports and Terminals, Airports, Merchant Marine) for Namibia
  Military Statistics (Military Expenditure, Military Branches, Service Age and Obligation, Manpower Available and Fit for Military Service) for Namibia
  Disputes, Refugees, Human Trafficking and Illicit Drug Production for Namibia
* Source: CIA
Internet Indicators for Namibia
Indicators
  Number of Internet Users for Namibia
  Internet Penetration Rate for Namibia
  Number of Facebook Accounts for Namibia
  Facebook Penetration Rate for Namibia
* Source: IWS
Economic Freedom Indicators for Namibia
Indicators
  Economic Freedom World Rank for Namibia
  Government Spending for Namibia
  Monetary Freedom for Namibia
  Investment Freedom for Namibia
  Financial Freedom for Namibia
  Property Rights for Namibia
  Economic Freedom Regional Ranking for Namibia
  Freedom from Corruption for Namibia
  Labor Freedom for Namibia
  Tariff Rate for Namibia
  Income Tax Rate for Namibia
  Corporate Tax Rate for Namibia
  Tax Burden % of GDP for Namibia
  Government Expenditure % of GDP for Namibia
  Business Freedom for Namibia
  Trade Freedom for Namibia
  Fiscal Freedom for Namibia
  2016 Score for Namibia
* Source: HFO
Namibia Economic Indicators in other Years
  Namibia Economic Indicators for Year 2021 (Forecast)
  Namibia Economic Indicators for Year 2020 (Forecast)
  Namibia Economic Indicators for Year 2019 (Forecast)
  Namibia Economic Indicators for Year 2018 (Forecast)
  Namibia Economic Indicators for Year 2017 (Forecast)
  Namibia Economic Indicators for Year 2016 (Forecast)
Namibia Economic Indicators for Year 2015 (Current)
  Namibia Economic Indicators for Year 2014
  Namibia Economic Indicators for Year 2013
  Namibia Economic Indicators for Year 2012
  Namibia Economic Indicators for Year 2011
  Namibia Economic Indicators for Year 2010
  Namibia Economic Indicators for Year 2009
  Namibia Economic Indicators for Year 2008
  Namibia Economic Indicators for Year 2007
  Namibia Economic Indicators for Year 2006
  Namibia Economic Indicators for Year 2005
  Namibia Economic Indicators for Year 2004
  Namibia Economic Indicators for Year 2003
  Namibia Economic Indicators for Year 2002
  Namibia Economic Indicators for Year 2001
  Namibia Economic Indicators for Year 2000
  Namibia Economic Indicators for Year 1999
  Namibia Economic Indicators for Year 1998
  Namibia Economic Indicators for Year 1997
  Namibia Economic Indicators for Year 1996
  Namibia Economic Indicators for Year 1995
  Namibia Economic Indicators for Year 1994
  Namibia Economic Indicators for Year 1993
  Namibia Economic Indicators for Year 1992
  Namibia Economic Indicators for Year 1991
  Namibia Economic Indicators for Year 1990
  Namibia Economic Indicators for Year 1989
  Namibia Economic Indicators for Year 1988
  Namibia Economic Indicators for Year 1987
  Namibia Economic Indicators for Year 1986
  Namibia Economic Indicators for Year 1985
  Namibia Economic Indicators for Year 1984
  Namibia Economic Indicators for Year 1983
  Namibia Economic Indicators for Year 1982
  Namibia Economic Indicators for Year 1981
  Namibia Economic Indicators for Year 1980


Data Sources: IMF, World Bank, UN, OECD, CIA World Factbook, Internet World Statistics, The Heritage Foundation and Transparency International