Namibia GDP Annual Growth Rate

Last Release

Dec 31, 2023

Actual

4.4

Units In

Frequency

Quarterly

Next Release

Dec 18, 2025

Time to Release

2 Months 21 Days 10 Hours

Highest	Lowest	Average	Date Range	Source
21 Sep 2004	-12.4 Sep 2020	3.2 %	1990-2023	N/A

Namibia is a small and relatively open economy that is rich in mineral resources. Services account for around 60 percent of GDP. Within services the most important are wholesale and retail trade (13 percent), public administration and defense (11 percent); education (9 percent) and real estate (8 percent). Mining and quarrying (mainly diamonds and uranium) account for 12.3 percent of the output, manufacturing for 12.3 percent and agriculture and fishing for 9 percent.

Latest Updates

The economy of Namibia expanded by 1.6% year-on-year in Q2 2025, decelerating from an upwardly revised 2.8% advance in the previous period. This marked the slowest pace of growth since a 3.5% contraction observed in Q1 2021, hindered by poor performance in manufacturing (-9.7% vs -1.3% in Q1), fishing activities (-4.4% vs -7.3%) and agriculture & forestry (-3.5% vs -20.1%). At the same time, output slowed markedly in some activities, primarily administrative & support services (0.9% vs 5.7%); health (3% vs 11.4%); transport & storage (1.1% vs 4.6%) and real estate and professional services (1.6% vs 2.1%). On a quarterly basis, the GDP shrank 1.5% in Q2, following a revised 3.1% contraction in the first quarter.