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Country Report Namibia March 2011
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HTMLOutlook for 2011-12: Forecast summary
| Forecast summary | ||||
| (% unless otherwise indicated) | ||||
| 2009a | 2010b | 2011c | 2012c | |
| Real GDP growth | -0.7 | 4.6 | 4.3 | 4.5 |
| Gross agricultural production growth | -4.1 | -0.2 | 2.0 | 2.7 |
| Consumer price inflation (av) | 8.8 | 4.5a | 5.0 | 5.5 |
| Consumer price inflation (end-period) | 7.0 | 3.1a | 4.1 | 7.3 |
| Lending rate (av) | 11.1 | 9.7 | 9.5 | 10.0 |
| Government balance (% of GDP)d | -3.4b | -7.1 | -8.7 | -4.7 |
| Exports of goods fob (US$ m) | 3,535 | 4,075 | 4,483 | 5,066 |
| Imports of goods fob (US$ m) | -4,519 | -4,859 | -5,393 | -6,256 |
| Current-account balance (US$ m) | -161 | 128 | -467 | -543 |
| Current-account balance (% of GDP) | -1.7 | 1.0 | -3.5 | -4.0 |
| External debt (year-end; US$ m) | 2,160 | 2,595 | 2,628 | 2,712 |
| Exchange rate N$:US$ (av) | 8.42 | 7.32a | 7.64 | 8.37 |
| Exchange rate N$:¥100 (av) | 8.99 | 8.32a | 9.32 | 10.33 |
| Exchange rate N$:€ (end-period) | 10.55 | 8.88a | 9.73 | 10.41 |
| Exchange rate N$:SDR (end-period) | 11.61 | 10.30a | 12.04 | 13.09 |
| a Actual. b Economist Intelligence Unit estimates. c Economist Intelligence Unit forecasts. d Fiscal years beginning April 1st. | ||||
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