Namibia Forecast: Real GDP Growth

1991 - 2027 | Yearly | % | International Monetary Fund

Key information about Namibia Forecast: Real GDP Growth

Namibia Real GDP Growth is forecasted to be 2.998 % in Dec 2022 as reported by International Monetary Fund.
It records a decrease from the last reported number of 2.656 % in Dec 2021.
Looking ahead, Namibia Real GDP Growth is projected to stand at 2.484 % in Dec 2027.
The data is updated yearly and is categorized in CEIC under World Trend Plus’s Country Forecast – Table IMF.WEO: Gross Domestic Product: Constant Prices: YoY.

View Namibia's Forecast: Real GDP Growth from 1991 to 2027 in the chart:

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What is Namibia's Forecast: Real GDP Growth in 2027?

Namibia Real GDP Growth is forecasted to be 2.998 % in Dec 2022 as reported by International Monetary Fund. See the table below for more data.

Last	Previous	Min	Max	Unit	Frequency	Range
2.484 2027	2.530 2026	-8.036 2020	9.270 1992	%	yearly	1991 - 2027

Forecast: Real GDP Growth by Country Comparison

country/region	Last	Frequency	Range
Afghanistan (%)	2.711 2023	yearly	2003 - 2023
Albania (%)	3.400 2028	yearly	1980 - 2028
Algeria (%)	1.782 2028	yearly	1980 - 2028
Andorra (%)	1.500 2028	yearly	2001 - 2028
Angola (%)	4.230 2028	yearly	1980 - 2028
Antigua and Barbuda (%)	2.685 2027	yearly	1980 - 2027
Argentina (%)	2.000 2027	yearly	1980 - 2027
Armenia (%)	4.500 2028	yearly	1993 - 2028
Aruba (%)	1.100 2028	yearly	1987 - 2028
Australia (%)	2.279 2027	yearly	1980 - 2027
Austria (%)	1.527 2028	yearly	1980 - 2028
Azerbaijan (%)	2.572 2028	yearly	1993 - 2028
Bahamas (%)	1.496 2027	yearly	1980 - 2027
Bahrain (%)	2.733 2028	yearly	1980 - 2028
Bangladesh (%)	9.531 2021	yearly	1980 - 2021
Barbados (%)	1.840 2027	yearly	1980 - 2027
Belarus (%)	0.741 2028	yearly	1993 - 2028
Belgium (%)	1.289 2028	yearly	1980 - 2028
Belize (%)	2.012 2027	yearly	1980 - 2027
Benin (%)	5.934 2028	yearly	1980 - 2028
Bhutan (%)	5.114 2029	yearly	1980 - 2029
Bolivia (%)	3.400 2027	yearly	1980 - 2027
Bosnia and Herzegovina (%)	3.000 2028	yearly	1997 - 2028
Botswana (%)	3.957 2028	yearly	1980 - 2028
Brazil (%)	2.015 2028	yearly	1980 - 2028
Brunei (%)	2.112 2027	yearly	1986 - 2027
Bulgaria (%)	2.840 2028	yearly	1980 - 2028
Burkina Faso (%)	5.258 2027	yearly	1980 - 2027
Burundi (%)	4.565 2027	yearly	1980 - 2027
Cambodia (%)	6.500 2027	yearly	1988 - 2027
Cameroon (%)	4.898 2027	yearly	1980 - 2027
Canada (%)	1.643 2029	yearly	1980 - 2029
Cape Verde (%)	4.498 2027	yearly	1980 - 2027
Central African Republic (%)	3.347 2028	yearly	1980 - 2028
Chad (%)	3.508 2027	yearly	1980 - 2027
Chile (%)	2.459 2027	yearly	1980 - 2027
China (%)	3.437 2028	yearly	1980 - 2028
Colombia (%)	3.345 2028	yearly	1980 - 2028
Comoros (%)	4.342 2027	yearly	1980 - 2027
Congo (%)	3.980 2028	yearly	1980 - 2028
Costa Rica (%)	3.243 2027	yearly	1980 - 2027
Croatia (%)	2.800 2028	yearly	1993 - 2028
Cyprus (%)	2.983 2029	yearly	1980 - 2029
Czech Republic (%)	2.501 2027	yearly	1996 - 2027
Democratic Republic of Congo (%)	6.482 2028	yearly	1980 - 2028
Denmark (%)	1.800 2027	yearly	1980 - 2027
Djibouti (%)	5.000 2028	yearly	1992 - 2028
Dominica (%)	2.685 2028	yearly	1980 - 2028
Dominican Republic (%)	4.985 2028	yearly	1980 - 2028
Ecuador (%)	2.751 2028	yearly	1980 - 2028
Egypt (%)	5.984 2028	yearly	1980 - 2028
El Salvador (%)	1.965 2027	yearly	1980 - 2027
Equatorial Guinea (%)	-0.981 2027	yearly	1980 - 2027
Eritrea (%)	2.925 2028	yearly	1993 - 2028
Estonia (%)	3.300 2027	yearly	1994 - 2027
Swaziland (%)	2.278 2027	yearly	1980 - 2027
Ethiopia (%)	6.953 2028	yearly	1980 - 2028
Fiji (%)	3.459 2028	yearly	1980 - 2028
Finland (%)	1.519 2029	yearly	1980 - 2029
France (%)	1.450 2028	yearly	1980 - 2028
Gabon (%)	3.809 2027	yearly	1981 - 2027
Gambia (%)	5.000 2027	yearly	1980 - 2027
Georgia (%)	5.198 2028	yearly	1995 - 2028
Germany (%)	1.134 2028	yearly	1980 - 2028
Ghana (%)	6.774 2027	yearly	1980 - 2027
Greece (%)	1.355 2027	yearly	1980 - 2027
Grenada (%)	2.849 2027	yearly	1980 - 2027
Guatemala (%)	3.900 2028	yearly	1980 - 2028
Guinea (%)	5.187 2027	yearly	1980 - 2027
Guinea-Bissau (%)	5.000 2027	yearly	1981 - 2027
Guyana (%)	3.320 2027	yearly	1980 - 2027
Haiti (%)	1.500 2027	yearly	1980 - 2027
Honduras (%)	3.940 2027	yearly	1980 - 2027
Hong Kong SAR, China (%)	2.849 2027	yearly	1980 - 2027
Hungary (%)	3.150 2027	yearly	1980 - 2027
Iceland (%)	2.432 2029	yearly	1980 - 2029
India (%)	6.042 2029	yearly	1981 - 2029
Indonesia (%)	5.117 2027	yearly	1980 - 2027
Iran (%)	2.047 2029	yearly	1981 - 2029
Iraq (%)	2.625 2027	yearly	1999 - 2027
Ireland (%)	3.010 2027	yearly	1980 - 2027
Israel (%)	3.499 2027	yearly	1980 - 2027
Italy (%)	0.882 2028	yearly	1980 - 2028
Ivory Coast (%)	6.000 2028	yearly	1980 - 2028
Jamaica (%)	1.600 2027	yearly	1980 - 2027
Japan (%)	0.409 2028	yearly	1980 - 2028
Jordan (%)	3.300 2027	yearly	1980 - 2027
Kazakhstan (%)	2.778 2028	yearly	1993 - 2028
Kenya (%)	5.516 2027	yearly	1980 - 2027
Kiribati (%)	1.971 2027	yearly	1980 - 2027
South Korea (%)	2.340 2027	yearly	1980 - 2027
Kosovo (%)	3.800 2029	yearly	2001 - 2029
Kuwait (%)	2.655 2027	yearly	1980 - 2027
Kyrgyzstan (%)	3.977 2028	yearly	1993 - 2028
Laos (%)	4.496 2028	yearly	1980 - 2028
Latvia (%)	3.377 2027	yearly	1993 - 2027
Lebanon (%)	-22.000 2020	yearly	1980 - 2020
Lesotho (%)	2.084 2030	yearly	1981 - 2030
Liberia (%)	5.680 2027	yearly	2001 - 2027
Libya (%)	3.588 2027	yearly	1980 - 2027

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Namibia Key Series

Government and Public Finance	Last	Frequency	Range
Forecast: Government Expenditure (NAD bn)	106.487 2024	yearly	1990 - 2024
Forecast: Government Net Debt (NAD bn)	170.344 2024	yearly	1993 - 2024
Forecast: Government Revenue (NAD bn)	89.606 2024	yearly	1990 - 2024

Foreign Trade	Last	Frequency	Range
Forecast: Exports of Goods Growth (%)	2.723 2028	yearly	1990 - 2028
Aluminum: Exports (USD th)	424.760 2023	yearly	1995 - 2023
Exports: Medicament (USD th)	1,301.932 2023	yearly	1995 - 2023
Exports: Medicinal and Pharmaceutical Product (USD th)	1,082.795 2023	yearly	1995 - 2023
Imports: Medicament (USD th)	119,827.383 2023	yearly	1995 - 2023
Imports: Medicinal and Pharmaceutical Product (USD th)	29,162.422 2023	yearly	1995 - 2023
Export Volume Index (2015=100)	125.161 2021	yearly	1990 - 2021
Import Volume Index (2015=100)	93.446 2021	yearly	1990 - 2021
Export Value Index (2015=100)	164.641 2021	yearly	1990 - 2021
Import Value Index (2015=100)	118.510 2021	yearly	1990 - 2021

Balance of Payments	Last	Frequency	Range
Forecast: Current Account Balance (USD bn)	-1.937 2029	yearly	1990 - 2029

More Indicators for Namibia

Indicators	Last	Frequency	Range
Namibia NA: Prevalence of HIV: Total: % of Population Aged 15-49 (%)	13.80 2016	yearly	1990 - 2016
Namibia NA: Mortality Rate: Under-5: per 1000 Live Births (Ratio)	45.20 2016	yearly	1967 - 2016
Namibia NA: Prevalence of HIV: Female: % Aged 15-24 (%)	6.10 2016	yearly	1990 - 2016
Namibia NA: Prevalence of HIV: Male: % Aged 15-24 (%)	3.20 2016	yearly	1990 - 2016
Namibia NA: Immunization: DPT: % of Children Aged 12-23 Months (%)	92.00 2016	yearly	1991 - 2016
Namibia NA: Immunization: Measles: % of Children Aged 12-23 Months (%)	85.00 2016	yearly	1991 - 2016
Namibia NA: Hospital Beds: per 1000 People (Number)	2.70 2009	yearly	2006 - 2009
Namibia NA: Nurses and Midwives: per 1000 People (Ratio)	2.77 2010	yearly	2004 - 2010
Namibia NA: Physicians: per 1000 People (Ratio)	0.37 2010	yearly	1991 - 2010
Namibia NA: Use of Insecticide-Treated Bed Nets: % of Under-5 Population (%)	5.60 2013	yearly	2000 - 2013
Namibia NA: Children with Fever Receiving Antimalarial Drugs: % of Children Unde... (%)	8.40 2013	yearly	2000 - 2013
Namibia NA: Lifetime Risk of Maternal Death: 1 in: Rate Varies by Country (NA)	100.00 2015	yearly	1990 - 2015
Namibia NA: Smoking Prevalence: Females: % of Adults (%)	9.70 2016	yearly	2000 - 2016
Namibia NA: Smoking Prevalence: Males: % of Adults (%)	34.20 2016	yearly	2000 - 2016
Namibia NA: Pregnant Women Receiving Prenatal Care (%)	96.60 2013	yearly	1992 - 2013
Namibia NA: ARI Treatment: % of Children Under 5 Taken to a Health Provider (%)	68.00 2013	yearly	1992 - 2013
Namibia NA: Exclusive Breastfeeding: % of Children under 6 Months (%)	48.32 2013	yearly	1992 - 2013
Namibia NA: Births Attended by Skilled Health Staff: % of Total (%)	88.20 2013	yearly	1992 - 2013
Namibia NA: Prevalence of Underweight: Weight for Age: % of Children Under 5 (%)	13.20 2013	yearly	1992 - 2013
Namibia NA: Maternal Mortality Ratio: Modeled Estimate: per 100,000 Live Births (Ratio)	265.00 2015	yearly	1990 - 2015
Namibia NA: Diarrhea Treatment: % of Children Under 5 Receiving Oral Rehydration... (%)	52.00 2013	yearly	2000 - 2013
Namibia NA: Prevalence of Overweight: Weight for Height: % of Children Under 5 (%)	4.10 2013	yearly	1992 - 2013
Namibia NA: Prevalence of Stunting: Height for Age: % of Children Under 5 (%)	23.10 2013	yearly	1992 - 2013
Namibia NA: Prevalence of Wasting: Weight for Height: % of Children Under 5 (%)	7.10 2013	yearly	1992 - 2013
Namibia NA: Tuberculosis Treatment Success Rate: % of New Cases (%)	83.00 2015	yearly	2000 - 2015
Namibia NA: Tuberculosis Case Detection Rate: All Forms (%)	80.00 2016	yearly	2000 - 2016
Namibia NA: Incidence of Tuberculosis: per 100,000 People (Ratio)	446.00 2016	yearly	2000 - 2016
Namibia NA: Income Share Held by Second 20% (%)	5.70 2009	yearly	2003 - 2009
Namibia NA: Income Share Held by Third 20% (%)	8.90 2009	yearly	2003 - 2009
Namibia NA: Income Share Held by Fourth 20% (%)	15.70 2009	yearly	2003 - 2009
Namibia NA: Income Share Held by Highest 20% (%)	66.40 2009	yearly	2003 - 2009
Namibia NA: Income Share Held by Highest 10% (%)	51.80 2009	yearly	2003 - 2009
Namibia NA: Income Share Held by Lowest 10% (%)	1.30 2009	yearly	2003 - 2009
Namibia NA: Income Share Held by Lowest 20% (%)	3.30 2009	yearly	2003 - 2009
Namibia NA: Poverty Headcount Ratio at $1.90 a Day: 2011 PPP: % of Population (%)	22.60 2009	yearly	2003 - 2009
Namibia NA: Poverty Gap at $1.90 a Day: 2011 PPP: % (%)	6.60 2009	yearly	2003 - 2009
Namibia NA: Gini Coefficient (GINI Index): World Bank Estimate (%)	61.00 2009	yearly	2003 - 2009
Namibia NA: Employment In Agriculture: Modeled ILO Estimate: Female: % of Female... (%)	18.25 2017	yearly	1991 - 2017
Namibia NA: Employment In Agriculture: Modeled ILO Estimate: Male: % of Male Emp... (%)	22.12 2017	yearly	1991 - 2017
Namibia NA: Employment In Agriculture: Modeled ILO Estimate: % of Total Employme... (%)	20.24 2017	yearly	1991 - 2017
Namibia NA: Employment To Population Ratio: Modeled ILO Estimate: Aged 15-24: Fe... (%)	14.20 2017	yearly	1991 - 2017
Namibia NA: Employment To Population Ratio: Modeled ILO Estimate: Aged 15-24: Ma... (%)	21.11 2017	yearly	1991 - 2017
Namibia NA: Employment To Population Ratio: Modeled ILO Estimate: Aged 15-24 (%)	17.64 2017	yearly	1991 - 2017
Namibia NA: Employment To Population Ratio: Modeled ILO Estimate: Aged 15+: Fema... (%)	43.94 2017	yearly	1991 - 2017
Namibia NA: Employment To Population Ratio: Modeled ILO Estimate: Aged 15+: Male (%)	50.97 2017	yearly	1991 - 2017
Namibia NA: Employment To Population Ratio: Modeled ILO Estimate: Aged 15+ (%)	47.30 2017	yearly	1991 - 2017
Namibia NA: Vulnerable Employment: Modeled ILO Estimate: Female: % of Female Emp... (%)	32.19 2017	yearly	1991 - 2017
Namibia NA: Vulnerable Employment: Modeled ILO Estimate: Male: % of Male Employm... (%)	18.78 2017	yearly	1991 - 2017
Namibia NA: Vulnerable Employment: Modeled ILO Estimate: % of Total Employment (%)	25.29 2017	yearly	1991 - 2017
Namibia NA: Employment In Industry: Modeled ILO Estimate: Female: % of Female Em... (%)	7.35 2017	yearly	1991 - 2017
Namibia NA: Employment In Industry: Modeled ILO Estimate: Male: % of Male Employ... (%)	31.07 2017	yearly	1991 - 2017
Namibia NA: Employment In Industry: Modeled ILO Estimate: % of Total Employment (%)	19.56 2017	yearly	1991 - 2017
Namibia NA: Employment In Services: Modeled ILO Estimate: Female: % of Female Em... (%)	74.40 2017	yearly	1991 - 2017
Namibia NA: Employment In Services: Modeled ILO Estimate: Male: % of Male Employ... (%)	46.81 2017	yearly	1991 - 2017
Namibia NA: Employment In Services: Modeled ILO Estimate: % of Total Employment (%)	60.20 2017	yearly	1991 - 2017
Namibia NA: IMF Account: Fund Position: Reserve Tranche Position (XDR mn)	0.08 2017	yearly	1945 - 2017
Namibia NA: Labour Force Participation Rate: Modeled ILO Estimate: Female: % of ... (%)	58.50 2017	yearly	1990 - 2017
Namibia NA: Labour Force Participation Rate: Modeled ILO Estimate: Male: % of Ma... (%)	65.19 2017	yearly	1990 - 2017
Namibia NA: Labour Force Participation Rate: Modeled ILO Estimate: % of Total Po... (%)	61.69 2017	yearly	1990 - 2017
Namibia NA: Labour Force: Female: % of Total Labour Force (%)	49.54 2017	yearly	1990 - 2017
Namibia NA: Labour Force (Person)	989,579.00 2017	yearly	1990 - 2017
Namibia NA: Unemployment: Modeled ILO Estimate: Youth Female: % of Female Labour... (%)	53.43 2017	yearly	1991 - 2017
Namibia NA: Unemployment: Modeled ILO Estimate: Youth Male: % of Male Labour For... (%)	38.44 2017	yearly	1991 - 2017
Namibia NA: Unemployment: Modeled ILO Estimate: Youth: % of Total Labour Force A... (%)	45.53 2017	yearly	1991 - 2017
Namibia NA: Unemployment: Modeled ILO Estimate: Female: % of Female Labour Force (%)	24.88 2017	yearly	1991 - 2017
Namibia NA: Unemployment: Modeled ILO Estimate: Male: % of Male Labour Force (%)	21.82 2017	yearly	1991 - 2017
Namibia NA: Unemployment: Modeled ILO Estimate: % of Total Labour Force (%)	23.33 2017	yearly	1991 - 2017
Namibia NA: Net Migration (Person)	-1,371.00 2012	yearly	1962 - 2012
Namibia NA: Refugee Population: by Country or Territory of Asylum (Person)	1,747.00 2016	yearly	1991 - 2016
Namibia NA: Refugee Population: by Country or Territory of Origin (Person)	1,348.00 2016	yearly	1990 - 2016
Namibia NA: International Migrant Stock: Total (Person)	93,888.00 2015	yearly	1960 - 2015
Namibia NA: International Migrant Stock: % of Population (%)	3.82 2015	yearly	1990 - 2015
Namibia NA: Prevalence of Undernourishment: % of Population (%)	28.80 2015	yearly	2000 - 2015
Namibia NA: Vitamin A Supplementation Coverage Rate: % of Children Aged 6-59 Mon... (%)	62.00 2013	yearly	1999 - 2013
Namibia NA: Adolescent Fertility Rate: Births per 1000 Women Aged 15-19 (Ratio)	75.00 2016	yearly	1960 - 2016
Namibia NA: Mortality Rate: Adult: Female: per 1000 Female Adults (Ratio)	256.20 2016	yearly	1960 - 2016
Namibia NA: Mortality Rate: Adult: Male: per 1000 Male Adults (Ratio)	349.06 2016	yearly	1960 - 2016
Namibia NA: Birth Rate: Crude: per 1000 People (Ratio)	29.18 2016	yearly	1960 - 2016
Namibia NA: Death Rate: Crude: per 1000 People (Ratio)	7.23 2016	yearly	1960 - 2016
Namibia NA: Contraceptive Prevalence: Any Methods: % of Women Aged 15-49 (%)	56.10 2013	yearly	1989 - 2013
Namibia NA: Mortality Rate: Infant: per 1000 Live Births (Ratio)	32.30 2016	yearly	1967 - 2016
Namibia NA: Life Expectancy at Birth: Female (Year)	67.24 2016	yearly	1960 - 2016
Namibia NA: Life Expectancy at Birth: Total (Year)	64.39 2016	yearly	1960 - 2016
Namibia NA: Life Expectancy at Birth: Male (Year)	61.38 2016	yearly	1960 - 2016
Namibia NA: Fertility Rate: Total: Births per Woman (Ratio)	3.42 2016	yearly	1960 - 2016
Namibia NA: Survival To Age 65: Female: % of Cohort (%)	66.05 2016	yearly	1960 - 2016
Namibia NA: Survival To Age 65: Male: % of Cohort (%)	53.73 2016	yearly	1960 - 2016
Namibia NA: Wanted Fertility Rate: Births per Woman (Ratio)	2.90 2013	yearly	1992 - 2013
Namibia NA: Teenage Mothers (%)	18.60 2013	yearly	1992 - 2013
Namibia NA: Population: as % of Total: Aged 0-14 (%)	36.70 2017	yearly	1960 - 2017
Namibia NA: Population: as % of Total: Aged 15-64 (%)	59.75 2017	yearly	1960 - 2017
Namibia NA: Population: as % of Total: Aged 65 and Above (%)	3.55 2017	yearly	1960 - 2017
Namibia NA: Age Dependency Ratio: % of Working-Age Population (%)	67.36 2017	yearly	1960 - 2017
Namibia NA: Age Dependency Ratio: % of Working-Age Population: Old (%)	5.95 2017	yearly	1960 - 2017
Namibia NA: Age Dependency Ratio: % of Working-Age Population: Young (%)	61.41 2017	yearly	1960 - 2017
Namibia NA: Population: Growth (%)	2.16 2017	yearly	1960 - 2017
Namibia NA: Population: Total (Person)	2,533,794.00 2017	yearly	1960 - 2017
Namibia NA: Population: as % of Total: Female (%)	51.35 2017	yearly	1960 - 2017
Namibia NA: Completeness of Birth Registration: Rural (%)	86.00 2013	yearly	2007 - 2013
Namibia NA: Completeness of Birth Registration: Urban (%)	88.90 2013	yearly	2006 - 2013

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