Current Account Balance in Namibia
The current account balance in Namibia averaged a deficit of 7.8% of GDP over the past decade. The 2022 reading was a deficit of 12.7% of GDP. For more current account information, visit our dedicated page.
Namibia Current Account Chart
Note: This chart displays Current Account (% of GDP) for Namibia from 2013 to 2023.
Source: Macrobond.
Namibia Current Account Data
| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Current Account Balance (% of GDP) | -1.8 | 3.0 | -11.3 | -13.0 | -14.9 |
| Current Account Balance (USD bn) | -0.2 | 0.3 | -1.4 | -1.6 | -1.8 |
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Namibian current account projections for the next ten years from a panel of 3 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable current account forecast available for Namibian current account.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Namibian current account projections.
Want to get access to the full dataset of Namibian current account forecasts? Send an email to info@focus-economics.com.