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Macro

Namibia

Sub-Saharan Africa · Lower middle income · IMF WEO April 2026 · World Bank WDI

GDP▲ 10.9%
Current prices2025
15USD bn
GDP per capita▲ 8.7%
Current prices2025
4,862USD
Real GDP growth▼ 1.3 pp
Annual change2025
2.4%
Inflation▼ 0.7 pp
Average consumer prices2025
3.5%
Government debt▲ 0.4 pp
General government, gross2025
70.2% of GDP
Current account▲ 1.0 pp
Balance2025
-13.2% of GDP
Population▲ 2.0%
Total2025
3.05million

Real GDP growth, %

Since 1995 · lighter bars = IMF projection
-8.10.06.71995: 4.1%1996: 3.2%1997: 4.2%1998: 3.3%1999: 3.4%2000: 3.5%2001: 2.4%2002: 6.7%2003: 3.5%2004: 6.6%2005: 4.7%2006: 3.9%2007: 3.6%2008: 2.6%2009: 0.3%2010: 6.0%2011: 5.1%2012: 5.1%2013: 5.6%2014: 6.1%2015: 4.3%2016: 0.0%2017: -1.0%2018: 1.1%2019: -0.8%2020: -8.1%2021: 3.6%2022: 5.4%2023: 4.4%2024: 3.7%2025: 2.4%2026: 2.4% (IMF projection)2027: 2.7% (IMF projection)2028: 3.0% (IMF projection)2029: 3.1% (IMF projection)2030: 3.0% (IMF projection)2031: 3.0% (IMF projection)IMF projection19952000200520102015202020252030

Inflation, %

Average consumer prices · lighter bars = IMF projection
0.012.71995: 11.1%1996: 8.7%1997: 9.7%1998: 6.6%1999: 9.4%2000: 10.2%2001: 10.2%2002: 12.7%2003: 7.2%2004: 4.1%2005: 2.3%2006: 5.0%2007: 6.5%2008: 9.1%2009: 9.5%2010: 4.9%2011: 5.0%2012: 6.7%2013: 5.6%2014: 5.3%2015: 3.4%2016: 6.7%2017: 6.1%2018: 4.3%2019: 3.7%2020: 2.2%2021: 3.6%2022: 6.1%2023: 5.9%2024: 4.2%2025: 3.5%2026: 3.9% (IMF projection)2027: 3.4% (IMF projection)2028: 3.0% (IMF projection)2029: 3.0% (IMF projection)2030: 3.0% (IMF projection)2031: 3.0% (IMF projection)IMF projection19952000200520102015202020252030

IMF outlook

IMF World Economic Outlook April 2026 · italics = IMF projection
Indicator2021202220232024202520262027202820292030
Real GDP growth %3.65.44.43.72.42.42.73.03.13.0
Inflation, average consumer prices %3.66.15.94.23.53.93.43.03.03.0
GDP, current prices USD bn12131213151718192021
GDP per capita, current prices USD4,4774,4074,2364,4724,8625,5735,7995,9746,1956,405
GDP per capita, PPP Int. USD9,85210,80411,39511,86112,25212,66613,05613,43213,85714,283
General government gross debt % of GDP69.670.167.969.870.270.571.272.473.374.5
General government net lending/borrowing % of GDP-8.7-6.3-3.1-3.8-6.5-6.1-5.4-5.0-5.0-5.1
Current account balance % of GDP-10.8-12.6-15.2-14.2-13.2-15.7-13.6-13.3-12.7-12.0
Population million2.772.852.932.993.053.113.163.223.283.34

Government debt, % of GDP

General government gross debt
0.075.72000: 21%2001: 24%2002: 22%2003: 27%2004: 29%2005: 27%2006: 26%2007: 19%2008: 19%2009: 16%2010: 16%2011: 27%2012: 25%2013: 26%2014: 28%2015: 42%2016: 46%2017: 44%2018: 49%2019: 58%2020: 64%2021: 70%2022: 70%2023: 68%2024: 70%2025: 70%2026: 70% (IMF projection)2027: 71% (IMF projection)2028: 72% (IMF projection)2029: 73% (IMF projection)2030: 74% (IMF projection)2031: 76% (IMF projection)IMF projection2000200520102015202020252030

Current account, % of GDP

Balance of payments
-16.50.014.02000: 4.9%2001: 0.3%2002: 2.5%2003: 5.3%2004: 6.7%2005: 4.5%2006: 14.0%2007: 8.6%2008: -0.1%2009: -3.6%2010: -4.0%2011: -6.9%2012: -8.6%2013: -8.2%2014: -9.4%2015: -13.6%2016: -16.5%2017: -4.4%2018: -3.6%2019: -1.8%2020: 3.9%2021: -10.8%2022: -12.6%2023: -15.2%2024: -14.2%2025: -13.2%2026: -15.7% (IMF projection)2027: -13.6% (IMF projection)2028: -13.3% (IMF projection)2029: -12.7% (IMF projection)2030: -12.0% (IMF projection)2031: -12.1% (IMF projection)IMF projection2000200520102015202020252030

Economic structure

Value added by sector, % of GDP · World Bank
AgricultureManufacturingOther industryServices
YearStructureAgricultureIndustryManufacturingServices
19959.421.810.158.7
200510.424.810.556.5
20156.727.611.457.9
20257.028.910.055.0

Income, trade and society

World Bank WDI · change over 10 years
IndicatorLatestUnitYear10Y change
GNI per capita, Atlas method4,340USD2025-16.2%
GNI, Atlas method13USD bn2025+9.3%
Exports of goods and services44.7% of GDP2025+9.3 pp
Imports of goods and services63.9% of GDP2025+2.0 pp
Life expectancy at birth67.5years2024+13.8%
Urban population50.9% of total2025+5.4 pp

Sources: IMF World Economic Outlook (April 2026; 2026 onwards are IMF projections) · World Bank World Development Indicators (CC BY 4.0)