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
Import Value Index (2015=100)	118.510 2021	yearly	1990 - 2021
Import Volume Index (2015=100)	93.446 2021	yearly	1990 - 2021
Export Volume Index (2015=100)	125.161 2021	yearly	1990 - 2021
Export Value Index (2015=100)	164.641 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: Completeness of Birth Registration (%)	87.10 2013	yearly	2007 - 2013
Namibia NA: Rural Population (Person)	1,303,105.00 2017	yearly	1960 - 2017
Namibia NA: Rural Population Growth (%)	0.33 2017	yearly	1960 - 2017
Namibia NA: Rural Population: % of Total Population (%)	51.43 2017	yearly	1960 - 2017
Namibia NA: Urban Population Growth (%)	4.12 2017	yearly	1960 - 2017
Namibia NA: Urban Population (Person)	1,230,689.00 2017	yearly	1960 - 2017
Namibia NA: Urban Population: % of Total Population (%)	48.57 2017	yearly	1960 - 2017
Namibia NA: Unmet Need for Contraception: % of Married Women Aged 15-49 (%)	17.50 2013	yearly	1992 - 2013
Namibia NA: International Tourism: Number of Arrivals (Person)	1,469,000.00 2016	yearly	1995 - 2016
Namibia NA: International Tourism: Receipts (USD mn)	378.00 2016	yearly	1995 - 2016
Namibia NA: International Tourism: Receipts: % of Total Exports (%)	9.27 2016	yearly	1995 - 2016
Namibia NA: International Tourism: Receipts: for Passenger Transport Items (USD mn)	71.00 2016	yearly	2000 - 2016
Namibia NA: International Tourism: Receipts: for Travel Items (USD mn)	307.00 2016	yearly	1995 - 2016
Namibia NA: International Tourism: Expenditures: for Travel Items (USD mn)	72.00 2016	yearly	1995 - 2016
Namibia NA: International Tourism: Expenditures (USD mn)	83.00 2016	yearly	1995 - 2016
Namibia NA: International Tourism: Expenditures: % of Total Imports (%)	1.31 2016	yearly	1995 - 2016
Namibia NA: Goods Trade: % of GDP (%)	96.63 2016	yearly	1980 - 2016
Namibia NA: Import Volume Index (2000=100)	345.72 2016	yearly	1990 - 2016
Namibia NA: Binding Coverage: Manufactured Products (%)	99.45 2016	yearly	2001 - 2016
Namibia NA: Bound Rate: Simple Mean: Manufactured Products (%)	17.13 2016	yearly	2001 - 2016
Namibia NA: Share of Tariff Lines with International Peaks: Manufactured Product... (%)	29.27 2016	yearly	2001 - 2016
Namibia NA: Tariff Rate: Applied: Simple Mean: Manufactured Products (%)	7.71 2016	yearly	2001 - 2016
Namibia NA: Tariff Rate: Most Favored Nation: Simple Mean: Manufactured Products (%)	8.19 2016	yearly	2001 - 2016
Namibia NA: Share of Tariff Lines with Specific Rates: Manufactured Products (%)	0.09 2016	yearly	2001 - 2016
Namibia NA: Tariff Rate: Applied: Weighted Mean: Manufactured Products (%)	0.63 2016	yearly	2001 - 2016
Namibia NA: Tariff Rate: Most Favored Nation: Weighted Mean: Manufactured Produc... (%)	8.17 2016	yearly	2001 - 2016
Namibia NA: Binding Coverage: All Products (%)	94.29 2016	yearly	2001 - 2016
Namibia NA: Bound Rate: Simple Mean: All Products (%)	19.18 2016	yearly	2001 - 2016
Namibia NA: Share of Tariff Lines with International Peaks: All Products (%)	28.05 2016	yearly	2001 - 2016
Namibia NA: Tariff Rate: Applied: Simple Mean: All Products (%)	7.42 2016	yearly	2001 - 2016
Namibia NA: Tariff Rate: Most Favored Nation: Simple Mean: All Products (%)	7.67 2016	yearly	2001 - 2016
Namibia NA: Share of Tariff Lines with Specific Rates: All Products (%)	0.84 2016	yearly	2001 - 2016
Namibia NA: Tariff Rate: Applied: Weighted Mean: All Products (%)	1.03 2016	yearly	2001 - 2016
Namibia NA: Tariff Rate: Most Favored Nation: Weighted Mean: All Products (%)	7.82 2016	yearly	2001 - 2016
Namibia NA: Binding Coverage: Primary Products (%)	80.03 2016	yearly	2001 - 2016
Namibia NA: Bound Rate: Simple Mean: Primary Products (%)	26.88 2016	yearly	2001 - 2016
Namibia NA: Share of Tariff Lines with International Peaks: Primary Products (%)	19.48 2016	yearly	2001 - 2016
Namibia NA: Tariff Rate: Applied: Simple Mean: Primary Products (%)	5.64 2016	yearly	2001 - 2016
Namibia NA: Tariff Rate: Most Favored Nation: Simple Mean: Primary Products (%)	6.24 2016	yearly	2001 - 2016
Namibia NA: Share of Tariff Lines with Specific Rates: Primary Products (%)	4.93 2016	yearly	2001 - 2016
Namibia NA: Tariff Rate: Applied: Weighted Mean: Primary Products (%)	1.65 2016	yearly	2001 - 2016
Namibia NA: Tariff Rate: Most Favored Nation: Weighted Mean: Primary Products (%)	7.09 2016	yearly	2001 - 2016
Namibia NA: Imports: % of Goods Imports: Agricultural Raw Materials (%)	0.65 2017	yearly	2000 - 2017
Namibia NA: Imports: % of Goods Imports: Food (%)	13.46 2017	yearly	2000 - 2017
Namibia NA: Imports: % of Goods Imports: Fuel (%)	10.16 2017	yearly	2000 - 2017
Namibia NA: ICT: Goods Imports: % Total Goods Imports (%)	3.08 2016	yearly	2000 - 2016
Namibia NA: Imports: % of Commercial Service Imports: Services: Insurance & Fina... (%)	4.31 2017	yearly	1990 - 2017
Namibia NA: Imports: % of Goods Imports: Manufactures (%)	61.91 2017	yearly	2000 - 2017
Namibia NA: Imports: % of Goods Imports: Ores & Metals (%)	13.29 2017	yearly	2000 - 2017
Namibia NA: Imports: Goods (USD mn)	6,843.90 2016	yearly	1980 - 2016
Namibia NA: Import Value Index (2000=100)	433.69 2016	yearly	1990 - 2016
Namibia NA: Imports: % of Commercial Service Imports: Services: Computer, Commun... (%)	58.67 2017	yearly	1990 - 2017
Namibia NA: Imports: Commercial Service (USD mn)	525.67 2017	yearly	1990 - 2017
Namibia NA: Imports: % of Commercial Service Imports: Services: Transport (%)	25.93 2017	yearly	1990 - 2017
Namibia NA: Imports: % of Commercial Service Imports: Services: Travel (%)	11.10 2017	yearly	1990 - 2017
Namibia NA: Net Barter Terms of Trade Index (2000=100)	128.91 2016	yearly	1980 - 2016
Namibia NA: Export Volume Index (2000=100)	186.34 2016	yearly	1990 - 2016
Namibia NA: Exports: % of Goods Exports: Agricultural Raw Materials (%)	1.14 2017	yearly	2000 - 2017
Namibia NA: Exports: % of Goods Exports: Food (%)	36.27 2017	yearly	2000 - 2017
Namibia NA: Exports: % of Goods Exports: Fuel (%)	0.50 2017	yearly	2000 - 2017
Namibia NA: ICT: Goods Exports: % of Total Goods Exports (%)	0.17 2016	yearly	2000 - 2016
Namibia NA: Exports: % of Commercial Service Exports: Services: Insurance & Fina... (%)	5.07 2017	yearly	1990 - 2017
Namibia NA: Exports: % of Goods Exports: Manufactures (%)	39.14 2017	yearly	2000 - 2017
Namibia NA: Exports: % of Goods Exports: Ores & Metals (%)	22.59 2017	yearly	2000 - 2017
Namibia NA: Exports: Goods (USD mn)	4,084.06 2016	yearly	1980 - 2016
Namibia NA: Export Value Index (2000=100)	301.33 2016	yearly	1990 - 2016
Namibia NA: Exports: % of Commercial Service Exports: Services: Computer, Commun... (%)	40.11 2017	yearly	1990 - 2017
Namibia NA: Exports: Commercial Service (USD mn)	499.75 2017	yearly	1990 - 2017
Namibia NA: High-Technology Exports (USD mn)	23.95 2016	yearly	2000 - 2016
Namibia NA: High-Technology Exports: % of Manufactured Exports (%)	2.19 2016	yearly	2000 - 2016
Namibia NA: Exports: % of Commercial Service Exports: Services: Transport (%)	17.12 2017	yearly	2000 - 2017
Namibia NA: Exports: % of Commercial Service Exports: Services: Travel (%)	37.70 2017	yearly	1990 - 2017
Namibia NA: Cereal Production (Metric Ton)	128,502.00 2016	yearly	1961 - 2016
Namibia NA: Methane Emissions in Energy Sector: Thousand Metric Tons of CO2 Equi... (Metric Ton th)	126.46 2008	yearly	1969 - 2008
Namibia NA: Energy Related Methane Emissions: % of Total (%)	2.56 2008	yearly	1970 - 2008
Namibia NA: Agricultural Nitrous Oxide Emissions: Thousand Metric Tons of CO2 Eq... (Metric Ton th)	2,645.50 2008	yearly	1969 - 2008
Namibia NA: Nitrous Oxide Emissions in Energy Sector: Thousand Metric Tons of CO... (Metric Ton th)	119.82 2008	yearly	1969 - 2008
Namibia NA: PFC Gas Emissions: Thousand Metric Tons of CO2 Equivalent (Metric Ton th)	0.00 2010	yearly	1990 - 2010
Namibia NA: SF6 Gas Emissions: Thousand Metric Tons of CO2 Equivalent (Metric Ton th)	0.00 2010	yearly	1990 - 2010
Namibia NA: Population in Largest City (Person)	393,419.00 2017	yearly	1960 - 2017
Namibia NA: Population in Largest City: as % of Urban Population (%)	31.97 2017	yearly	1960 - 2017
Namibia NA: Terrestrial Protected Areas: % of Total Land Area (%)	37.89 2016	yearly	1990 - 2016
Namibia NA: Automated Teller Machines (ATMs): per 100,000 Adults (Number)	64.41 2016	yearly	2006 - 2016
Namibia NA: Claims on Central Government: Annual Growth as % of Broad Money (%)	6.71 2017	yearly	1991 - 2017
Namibia NA: Claims on Other Sectors of The Domestic Economy: Annual Growth as % ... (%)	5.31 2017	yearly	2002 - 2017
Namibia NA: Claims on Private Sector: Annual Growth as % of Broad Money (%)	5.00 2017	yearly	1991 - 2017
Namibia NA: Broad Money (NAD mn)	94,142.77 2017	yearly	1990 - 2017
Namibia NA: Broad Money: % of GDP (%)	53.39 2017	yearly	1990 - 2017
Namibia NA: Broad Money: to Total Reserves Ratio (%)	2.91 2017	yearly	1992 - 2017
Namibia NA: Broad Money: Average Annual Growth Rate (%)	9.53 2017	yearly	1991 - 2017
Namibia NA: Claims on Central Government: % GDP (%)	12.30 2017	yearly	1990 - 2017
Namibia NA: Claims on Other Sectors of The Domestic Economy: % of GDP (%)	66.56 2017	yearly	2001 - 2017
Namibia NA: Delay in Obtaining An Electrical Connection (Day)	20.30 2014	yearly	2006 - 2014
Namibia NA: Power Outages in Firms in A Typical Month (Unit)	0.60 2014	yearly	2006 - 2014
Namibia NA: Firms Expected to Give Gifts in Meetings with Tax Officials: % of Fi... (%)	5.30 2014	yearly	2006 - 2014
Namibia NA: Labour Tax and Contributions: % of Commercial Profits (%)	1.90 2017	yearly	2005 - 2017
Namibia NA: Other Taxes Payable by Businesses: % of Commercial Profits (%)	2.20 2017	yearly	2005 - 2017
Namibia NA: Profit Tax: % of Commercial Profits (%)	16.70 2017	yearly	2005 - 2017
Namibia NA: GDP: Gross National Expenditure: Deflator (2010=100)	142.98 2017	yearly	1980 - 2017
Namibia NA: GDP: Gross Fixed Capital Formation: Private Sector (NAD mn)	22,470.21 2016	yearly	2005 - 2016

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