Home
→
Namibia
Namibia
HistorySaid – pattern
Namibia matched the Stagflation Risk pattern in 2009. 5 pattern matches detected historically. View →
HistorySaid – ranking
Namibia ranks 50th globally by GDP ($13.4B in 2024). View →
HistorySaid – inflation
Inflation in Namibia fell from 5.9% (2023) to 4.2% (2024) – a 1.6pp shift. View →
HistorySaid – population
Namibia has a population of 3.0 million as of 2024 (growth: 2.26%). View →
Economy & Growth
GDP $13.4B
GDP per Capita $4,413
GDP Growth 3.71%
▾
| Indicator | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 |
|---|---|---|---|---|---|---|---|---|---|
| Agriculture Value Added | 8.76% | 7.68% | 7.29% | 6.80% Trend | 6.24% Trend | 5.68% Trend | – | – | – |
| GDP | $12.6B | $12.4B | $13.4B | $14.7B IMF WEO Oct 2025 | $16.1B IMF WEO Oct 2025 | $17.3B IMF WEO Oct 2025 | $18.3B IMF WEO Oct 2025 | $19.4B IMF WEO Oct 2025 | $20.6B IMF WEO Oct 2025 |
| GDP Deflator | 6.42% | 6.60% | 3.25% | 5.18% Trend | 5.41% Trend | 5.64% Trend | – | – | – |
| GDP Growth | 5.40% | 4.44% | 3.71% | 3.60% IMF WEO Oct 2025 | 3.84% IMF WEO Oct 2025 | 2.92% IMF WEO Oct 2025 | 3.04% IMF WEO Oct 2025 | 3.04% IMF WEO Oct 2025 | 3.02% IMF WEO Oct 2025 |
| GDP PPP | $30.8B | $33.3B | $35.4B | $37.6B IMF WEO Oct 2025 | $39.8B IMF WEO Oct 2025 | $41.6B IMF WEO Oct 2025 | $43.6B IMF WEO Oct 2025 | $45.7B IMF WEO Oct 2025 | $48.0B IMF WEO Oct 2025 |
| GDP per Capita | $4,350 | $4,188 | $4,413 | $4,816 IMF WEO Oct 2025 | $5,182 IMF WEO Oct 2025 | $5,477 IMF WEO Oct 2025 | $5,675 IMF WEO Oct 2025 | $5,932 IMF WEO Oct 2025 | $6,170 IMF WEO Oct 2025 |
| GDP per Capita PPP | $10,663 | $11,251 | $11,687 | $12,342 IMF WEO Oct 2025 | $12,805 IMF WEO Oct 2025 | $13,154 IMF WEO Oct 2025 | $13,531 IMF WEO Oct 2025 | $13,942 IMF WEO Oct 2025 | $14,379 IMF WEO Oct 2025 |
| GNI | $12.0B | $11.8B | $12.9B | $13.2B Trend | $13.7B Trend | $14.2B Trend | – | – | – |
| GNI per Capita | $4,280 | $4,290 | $4,240 | $4,283 Trend | $4,298 Trend | $4,313 Trend | – | – | – |
| Gross Savings | 5.47% | 11.08% | 8.66% | 7.45% IMF WEO Oct 2025 | 6.98% IMF WEO Oct 2025 | 6.61% IMF WEO Oct 2025 | 5.90% IMF WEO Oct 2025 | 6.25% IMF WEO Oct 2025 | 6.96% IMF WEO Oct 2025 |
| Industry Value Added | 27.11% | 30.19% | 28.86% | 30.83% Trend | 32.02% Trend | 33.20% Trend | – | – | – |
| Services Value Added | 55.41% | 53.29% | 54.46% | 52.00% Trend | 50.69% Trend | 49.37% Trend | – | – | – |
Italic values are IMF World Economic Outlook projections.
Prices & Inflation
Inflation Rate 4.24%
Consumer Price Index 195.87
PPP Conversion Factor 6.92
▾
| Indicator | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 |
|---|---|---|---|---|---|---|---|---|---|
| Consumer Price Index | 177.47 | 187.91 | 195.87 | 204.83 Trend | 213.78 Trend | 222.72 Trend | – | – | – |
| Inflation Rate | 6.08% | 5.88% | 4.24% | 3.70% IMF WEO Oct 2025 | 3.57% IMF WEO Oct 2025 | 3.14% IMF WEO Oct 2025 | 3.00% IMF WEO Oct 2025 | 3.00% IMF WEO Oct 2025 | 3.00% IMF WEO Oct 2025 |
| PPP Conversion Factor | 6.67 | 6.87 | 6.92 | 6.90 Trend | 6.94 Trend | 6.97 Trend | – | – | – |
Italic values are IMF World Economic Outlook projections.
Population
Population 3.0M
Population Growth 2.24%
Population Density 3.6
▾
| Indicator | 2023 | 2024 | 2025 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|---|---|
| Birth Rate | 25.9 | – | – | 24.5 Trend | 23.9 Trend | – | – |
| Death Rate | 6.2 | – | – | 6.3 Trend | 6.0 Trend | – | – |
| Dependency Ratio | 69.10 | 68.50 | – | 68.86 Trend | 68.81 Trend | 68.76 Trend | – |
| Fertility Rate | 3.21 | – | – | 3.11 Trend | 3.06 Trend | – | – |
| Life Expectancy | 67.4 | – | – | 67.1 Trend | 67.9 Trend | – | – |
| Net Migration | 11,675 | 4,211 | 1,866 | – | -8,819 Trend | -16,511 Trend | -24,203 Trend |
| Population | 3.0M | 3.0M | – | 3.1M Trend | 3.2M Trend | 3.3M Trend | – |
| Population Density | 3.6 | – | – | 3.8 Trend | 3.9 Trend | – | – |
| Population Growth | 2.51% | 2.24% | – | 2.14% Trend | 1.96% Trend | 1.78% Trend | – |
| Refugee Population | – | – | – | – | – | – | – |
| Urban Population | 49.95% | 50.41% | – | 50.89% Trend | 51.35% Trend | 51.81% Trend | – |
Italic values are IMF World Economic Outlook projections.
Employment
Unemployment Rate 19.29%
Youth Unemployment 38.05%
Labor Force Participation 58.84%
▾
| Indicator | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|---|
| Agriculture Employment | 22.94% | 22.64% | 22.34% | 22.06% Trend | 21.77% Trend | 21.48% Trend |
| Female Labor Participation | 54.83% | 54.91% | 54.92% | 55.64% Trend | 56.02% Trend | 56.40% Trend |
| Industry Employment | 16.39% | 16.47% | 16.55% | 16.66% Trend | 16.75% Trend | 16.85% Trend |
| Labor Force Participation | 58.90% | 58.87% | 58.84% | 59.80% Trend | 60.27% Trend | 60.74% Trend |
| Services Employment | 60.67% | 60.89% | 61.11% | 61.28% Trend | 61.47% Trend | 61.67% Trend |
| Unemployment Rate | 19.15% | 19.16% | 19.29% | – | – | – |
| Youth Unemployment | 37.13% | 37.24% | 38.05% | 36.66% Trend | 36.20% Trend | 35.73% Trend |
Italic values are IMF World Economic Outlook projections.
Government
Tax Revenue 32.96%
Government Spending 36.50%
Military Spending 2.73%
▾
| Indicator | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 |
|---|---|---|---|---|---|---|---|---|---|
| Budget Deficit | -6.33% | -3.14% | -3.59% | -5.37% IMF WEO Oct 2025 | -5.15% IMF WEO Oct 2025 | -4.42% IMF WEO Oct 2025 | -3.98% IMF WEO Oct 2025 | -3.75% IMF WEO Oct 2025 | -3.61% IMF WEO Oct 2025 |
| Education Spending | – | – | – | – | – | – | – | – | – |
| Government Debt to GDP | 69.43% | 67.16% | 67.70% | 63.57% IMF WEO Oct 2025 | 63.34% IMF WEO Oct 2025 | 64.42% IMF WEO Oct 2025 | 64.88% IMF WEO Oct 2025 | 64.92% IMF WEO Oct 2025 | 65.04% IMF WEO Oct 2025 |
| Government Revenue | 30.23% | 33.86% | 36.34% | 34.09% IMF WEO Oct 2025 | 32.89% IMF WEO Oct 2025 | 33.21% IMF WEO Oct 2025 | 33.44% IMF WEO Oct 2025 | 33.58% IMF WEO Oct 2025 | 33.70% IMF WEO Oct 2025 |
| Government Spending | 35.72% | 36.50% | – | 36.67% Trend | 36.60% Trend | – | – | – | – |
| Health Spending | 9.62% | 9.48% | – | 10.07% Trend | 10.20% Trend | – | – | – | – |
| Military Spending | 2.91% | 2.75% | 2.73% | 2.43% Trend | 2.23% Trend | 2.03% Trend | – | – | – |
| Tax Revenue | 27.17% | 32.96% | – | 30.40% Trend | 30.51% Trend | – | – | – | – |
Italic values are IMF World Economic Outlook projections.
Debt
▾
| Indicator | 2021 | 2022 | 2023 | 2025 | 2026 |
|---|---|---|---|---|---|
| Debt Service | – | – | – | – | – |
| Domestic Credit | 104.60% | 89.08% | – | 106.88% Trend | – |
| External Debt | – | – | – | – | – |
| External Debt to GNI | – | – | – | – | – |
| Interest Payments to Revenue | 14.28% | 14.66% | 14.52% | 16.60% Trend | 17.37% Trend |
| Short-term Debt | – | – | – | – | – |
Italic values are IMF World Economic Outlook projections.
Money
Lending Rate 10.96%
Deposit Rate 5.38%
Real Interest Rate 7.46%
▾
| Indicator | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|---|---|
| Credit to GDP | 61.02% | – | – | 62.02% Trend | – | – |
| Deposit Rate | 3.72% | 5.39% | 5.38% | 5.78% Trend | 6.27% Trend | 6.76% Trend |
| Lending Rate | 8.61% | 10.93% | 10.96% | 12.12% Trend | 13.14% Trend | 14.17% Trend |
| M2 Money Supply Growth | – | – | – | – | – | – |
| Non-Performing Loans | 5.52% | 5.79% | – | 6.36% Trend | 6.52% Trend | – |
| Real Interest Rate | 2.06% | 4.06% | 7.46% | 6.65% Trend | 7.41% Trend | 8.16% Trend |
Italic values are IMF World Economic Outlook projections.
Currency
Exchange Rate 18.33
Foreign Reserves $3.4B
▾
| Indicator | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|---|---|
| Exchange Rate | 16.36 | 18.45 | 18.33 | 19.09 Trend | 19.83 Trend | 20.57 Trend |
| Foreign Reserves | $2.8B | $3.0B | $3.4B | $3.6B Trend | $3.8B Trend | $4.1B Trend |
| Real Effective Exchange Rate | – | – | – | – | – | – |
| Reserves in Months of Imports | 4.0 | 3.7 | 3.9 | 3.4 Trend | 3.1 Trend | 2.8 Trend |
Italic values are IMF World Economic Outlook projections.
Trade
Exports $6.0B
Imports $9.2B
Trade Balance $-3.5B
▾
| Indicator | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 |
|---|---|---|---|---|---|---|---|---|---|
| Current Account Balance | -0.01% | -0.02% | -0.01% | -14.66% IMF WEO Oct 2025 | -12.08% IMF WEO Oct 2025 | -11.27% IMF WEO Oct 2025 | -10.92% IMF WEO Oct 2025 | -10.57% IMF WEO Oct 2025 | -9.86% IMF WEO Oct 2025 |
| Exports | $5.4B | $5.8B | $6.0B | $6.7B Trend | $7.3B Trend | $7.9B Trend | – | – | – |
| FDI Inflows | 8.40% | 18.49% | 14.76% | 22.63% Trend | 27.03% Trend | 31.44% Trend | – | – | – |
| FDI Outflows | 0.09% | -2.48% | 0.33% | -1.16% Trend | -1.46% Trend | -1.75% Trend | – | – | – |
| Imports | $7.4B | $8.5B | $9.2B | $10.5B Trend | $11.6B Trend | $12.7B Trend | – | – | – |
| Remittances Received | $71.1M | $83.9M | $96.7M | $103.0M Trend | $112.3M Trend | $121.7M Trend | – | – | – |
| Tourism Receipts | – | – | – | – | – | – | – | – | – |
| Trade Balance | $-2.3B | $-2.9B | $-3.5B | $-4.1B Trend | $-4.6B Trend | $-5.2B Trend | – | – | – |
| Trade Openness | 99.26% | 110.77% | 109.63% | 123.82% Trend | 133.08% Trend | 142.34% Trend | – | – | – |
Italic values are IMF World Economic Outlook projections.
Financial Markets
Market Capitalization 18.55%
Stock Turnover Ratio 0.91%
Listed Companies 12
▾
| Indicator | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|---|---|
| Interest Rate Spread | 4.89% | 5.53% | 5.58% | 6.33% Trend | 6.87% Trend | 7.40% Trend |
| Listed Companies | 14 | 13 | 12 | 12 Trend | 12 Trend | 12 Trend |
| Market Capitalization | 17.17% | 19.19% | 18.55% | 18.88% Trend | 19.06% Trend | 19.23% Trend |
| Stock Turnover Ratio | 1.66% | 1.19% | 0.91% | 0.76% Trend | 0.55% Trend | 0.34% Trend |
Italic values are IMF World Economic Outlook projections.
Political Stability
Political Stability 0.54
Government Effectiveness 0.03
Regulatory Quality -0.06
▾
| Indicator | 2021 | 2022 | 2023 | 2025 | 2026 |
|---|---|---|---|---|---|
| Control of Corruption | 0.22 | 0.22 | 0.11 | 0.04 Trend | 0.00 Trend |
| Government Effectiveness | 0.04 | 0.07 | 0.03 | 0.01 Trend | 0.00 Trend |
| Political Stability | 0.52 | 0.56 | 0.54 | 0.56 Trend | 0.57 Trend |
| Regulatory Quality | -0.02 | -0.02 | -0.06 | -0.08 Trend | -0.09 Trend |
| Rule of Law | 0.33 | 0.41 | 0.45 | 0.48 Trend | 0.50 Trend |
| Voice and Accountability | 0.57 | 0.57 | 0.58 | 0.62 Trend | 0.64 Trend |
Italic values are IMF World Economic Outlook projections.
Health
Health Expenditure per Capita $397
Infant Mortality Rate 38.4
Maternal Mortality Ratio 139.00
▾
| Indicator | 2021 | 2022 | 2023 | 2025 | 2026 |
|---|---|---|---|---|---|
| Health Expenditure per Capita | $450 | $419 | $397 | $413 Trend | $413 Trend |
| Hospital Beds | – | – | – | – | – |
| Infant Mortality Rate | 41.6 | 39.7 | 38.4 | 35.2 Trend | 33.6 Trend |
| Maternal Mortality Ratio | 254.00 | 127.00 | 139.00 | 132.40 Trend | 123.60 Trend |
| Physicians | 0.42 | 0.55 | – | 0.66 Trend | – |
Italic values are IMF World Economic Outlook projections.
Education
Literacy Rate 87.64%
Tertiary Enrollment 26.11%
Education Spending 9.08%
▾
| Indicator | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|---|---|
| Education Spending | 9.39% | – | 9.08% | 9.30% Trend | 9.24% Trend | 9.19% Trend |
| Literacy Rate | – | 87.64% | – | 88.96% Trend | 89.09% Trend | – |
| Primary Enrollment | 120.34% | 119.46% | 120.72% | 119.25% Trend | 118.69% Trend | 118.13% Trend |
| Tertiary Enrollment | 26.11% | – | – | 28.42% Trend | – | – |
Italic values are IMF World Economic Outlook projections.
Energy
Renewable Energy 30.00%
▾
| Indicator | 2021 | 2022 | 2023 | 2025 | 2026 |
|---|---|---|---|---|---|
| CO2 Emissions | – | – | – | – | – |
| CO2 per Capita | – | – | – | – | – |
| Electricity Access | 55.20% | 56.20% | 56.70% | 59.02% Trend | 60.09% Trend |
| Energy Use per Capita | 681 | 692 | – | 641 Trend | – |
| Forest Area | 7.98% | 7.89% | 7.81% | 7.63% Trend | 7.55% Trend |
| Renewable Energy | 30.00% | – | – | – | – |
Italic values are IMF World Economic Outlook projections.
Technology
Internet Users 64.41%
Mobile Subscriptions 87.68
R&D Spending 0.65%
▾
| Indicator | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|---|---|
| High-tech Exports | 0.06% | 0.08% | 0.12% | 0.13% Trend | 0.15% Trend | 0.17% Trend |
| Internet Users | 61.15% | 64.41% | – | 71.70% Trend | 74.95% Trend | – |
| Mobile Subscriptions | 100.56 | 87.68 | – | 83.60 Trend | 79.26 Trend | – |
| Patent Applications | – | – | – | – | – | – |
| R&D Spending | 0.65% | – | – | 0.78% Trend | – | – |
Italic values are IMF World Economic Outlook projections.
Inequality
Gini Index 59.1
Poverty Rate 22.90%
Income Share Top 10% 47.20%
▾
| Indicator | 2003 | 2009 | 2015 |
|---|---|---|---|
| Gini Index | 63.3 | 61.0 | 59.1 |
| Income Share Bottom 10% | 1.10% | 1.30% | 1.00% |
| Income Share Top 10% | 54.80% | 51.80% | 47.20% |
| Poverty Rate | 47.60% | 38.60% | 22.90% |
Italic values are IMF World Economic Outlook projections.