Namibia Economy

Economic growth:

The economy recorded average annual growth of 1.8% in the decade to 2022. To read more about GDP growth in Namibia, go to our dedicated page.

Fiscal policy:

Namibia's fiscal deficit averaged 3.6% of GDP in the decade to 2022. Find out more on our dedicated page.

Inflation:

Inflation averaged 4.9% in the decade to 2022. Go to our Namibia inflation page for extra insight.

Monetary Policy:

Namibia's monetary policy rate ended 2022 at 6.75%, up from 5.50% a decade earlier. See our Namibia monetary policy page for additional details.

Exchange Rate:

From end-2012 to end-2022 the Namibian dollar weakened by 50% vs the U.S. dollar. For more info on the Namibian dollar, click here.

Projections out to 2034.

35 indicators covered including both annual and quarterly frequencies.

Consensus Forecasts based on a panel of 5 expert analysts.

Want to get insight on the economic outlook for Namibia in the coming years? FocusEconomics collects projections out to 2034 on 35 economic indicators for Namibia from a panel of 5 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. This means you avoid the risk of relying on out of date, biased or outlier forecasts. Our Consensus Forecasts can be visualized in whichever way best suits your needs, including via interactive online dashboards , direct data delivery and executive-style reports which combine analysts' projections with timely written analysis from our in-house team of economists on the latest developments in the Namibia economy. To download a sample report on the Namibia's economy, click here. To get in touch with our team for more information, fill in the form at the bottom of this page.